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If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
Credit Suisse Takeover Hands Swiss Business a Big Headache
Northvolt in Talks to Secure Over $5 Billion in Funding: FT
Philippines May Pause Rate Hike Cycle in May: Finance Chief
China Minister Says Nation’s Recovery to Benefit US Firms
IMF Chief Urges China to Rebalance Economy Toward Consumption
Unions Should Not Comply With New Minimum Service Laws, Says Fbu Chief
£100 Million Man Has Big Goals for Mike Ashley’s Retail Empire
Starlink Rival OneWeb Completes Fleet to Offer Global Internet
Billionaire Mining Tycoon in India Fights to Clear Vedanta’s Debt
Musk’s Stock Grants Value Twitter at $20 Billion: Information
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Want Flies With That? EU Critics Have a New Conspiracy Theory
When Selling an ‘£8 Million’ Flat for 25% Less Is the Right Call
Bank of America Trims Banking, Lending Group Amid Industry Slump
Nicholas Lloyd Webber, Son of Famed Composer, Dies at 43
Crazy Eight: No Top Seeds Among Last 8 in March Madness
There's No Such Thing as Artificial Intelligence
‘A Problem That Diminishes Us All’
Kamala Harris Could Learn From Mike Pence’s Subpoena Defense
How to Keep Corporate Accounts Safe Amid Bank Collapse Jitters
What Happens When Sexting Chatbots Dump Their Human Lovers
Iranian Activists Want Tech Companies to Ban the Ayatollah
50 Years Since Women Trailblazers Joined London Stock Exchange
LA Support Staff Reach Tentative Pay Deal After Three-Day Strike
Vietnam EV Maker to Ship Longer-Range SUVs to US in April
Solar Storm That Caused Dazzling Auroral Display Could Linger
Howard University Tackles Persistent Housing Woes With Bond Deal
Venezuela's Electrical Blackouts Widen Gap Between Rural and Urban Areas
Air Pollution Casts a Pall Over Booming Bangladesh Megacity
Venezuela’s Oil Graft Probe Widens With 11 More Arrest Warrants
Bitcoin Retreats; Justin Sun-Linked Coins Drop After SEC Charges
Circle USDC Stablecoin Redemptions Rise to About $6 Billion
Firefighters and paramedics transport a potential COVID-19 patient to a hospital on April 29.
Photographer: Alex Edelman/AFP via Getty Images
U.S. life insurers may face as much as $7.2 billion in claims if coronavirus deaths rise to the high end of projections of 150,000, according to Aite Group LLC.
The estimate includes costs for policyholders between the ages of 56 and 74, which are projected to reach as much as a combined $4.1 billion for individual and group plans, the researcher said in a study released Thursday. Life insurers are in good shape and should be able to manage surging costs, according to the report’s author, Samantha Chow.