Brookfield Reinsurance Arm Offers To Buy American Equity In $4.3 Billion Deal

(Reuters) – Canadian investment firm Brookfield’s insurance arm has offered to buy American Equity Investment Life Holding in a deal valued at nearly $4.3 billion, the annuities provider said on Tuesday. The deal comes months after AEL rejected a nearly $4 billion takeover offer from insurance firm Prosperity Life and its principal shareholder Elliott Investment…

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Volkswagen China chief asks China’s premier Li for clarity on data transfers

BERLIN (Reuters) – Volkswagen’s head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country’s Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions. “As a globalized industry, the transformation of the automotive sector highly depends on…

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Analysis-Bolivia’s creaking big state model rings warning bell in South America

By Raul Cortes and Daniel Ramos LA PAZ (Reuters) – Bolivia’s “economic miracle,” a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, shrinking government coffers and tepid growth. For years the…

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