Latest news with #Unibail-Rodamco-WestfieldSE
Bloomberg
05-05-2025
- Business
- Bloomberg
Saudi Firm Brings Westfield Malls to Kingdom Amid Tourism Push
Saudi Arabia's largest mall operator is bringing Westfield-branded shopping centers to the kingdom, in a bid to capitalize on the government's push to drawn as many as 150 million tourists annually by 2030. Arabian Centres Co. has inked a 10-year franchising deal with Unibail-Rodamco-Westfield SE, with an option to extend for another decade, the firms said in a statement. The initial phase of the deal will focus on three malls, which will be re-branded as Westfield centers.
Yahoo
27-03-2025
- Business
- Yahoo
Bond Markets Draw Rush of Issuers Before Trump's Tariffs Hit
(Bloomberg) -- Borrowers are piling into bond markets to get deals done ahead of US President Donald Trump's plans to impose global tariffs on April 2. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. Paris Votes to Make 500 More Streets Car-Free Issuers are using this week's relative market calm to push ahead with sales that have been held up in the pipeline by volatility in recent weeks, according to bankers familiar with the matter. Some are looking to bring forward deals ahead of the potential tariffs, said the people, asking to not be identified. More than 40 borrowers have hit the European primary market this week so far, the most in three days since January, according to data compiled by Bloomberg. Wednesday saw offers including a Unibail-Rodamco-Westfield SE hybrid bond, the Moroccan government raising money for football World Cup financing and high-yield debt from waste recycling company Itelyum Regeneration Spa. Trump has promised a sweeping announcement on tariffs next Wednesday, touting it as a 'Liberation Day' against trading partners he has long accused of 'ripping off' the US. The exact details are unclear but will involve reciprocal levies for countries that impose their own tariffs on US goods. The rush to get ahead of further volatility drew 17 borrowers to the European market on Wednesday, seeking a minimum of €9 billion ($9.7 billion). That would take this week's total debt raised to more than €32 billion, already meeting most expectations for issuance in a Bloomberg survey. The countdown to Trump's next round of tariffs has also fueled a frenzy of activity in Asia Pacific's credit market, with more than a dozen issuers marketing or announcing dollar bonds on Monday. In the US, the week started with 16 investment-grade companies riding the constructive tone to price over $24 billion across 30 tranches. Business Schools Are Back Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
12-02-2025
- Business
- Bloomberg
Xavier Niel's Not Ready to Throw in the Towel on AI
French President Emmanuel Macron has plenty of tools to boost AI in his home country: Brainy engineers, a fleet of nuclear-power stations and a state that isn't shy about promoting its own industries. Yet, arguably, his most powerful weapon on display at the Paris AI Action Summit was Xavier Niel, a former hacker turned telecoms billionaire whose growing ecosystem of startups and cloud infrastructure is pushing hard to keep Europe in a race dominated by the US and Asia. While most of 57-year-old Niel's $8.8 billion net worth is derived from his telco business Iliad SA and real-estate firm Unibail-Rodamco-Westfield SE, according to Bloomberg analysis, he's become a voracious backer of buzzy startups from H to Poolside to AI unicorn Mistral. He's built temples to entrepreneurship in Paris from incubator Station F to free coding school 42. And he's ramping up spending, from a €3 billion ($3.1 billion) investment in AI infrastructure at Iliad to financing nonprofit AI lab Kyutai alongside Eric Schmidt and shipping mogul Rodolphe Saade.
