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Plus, James Gorman gets a promotion at Disney and how Jeff Yass turned gambling wins into a colossal trading giant

Are they cyclical or structural?

White Wolf’s planned funds will hold private equity and commercial real estate companies

High use of aviation ‘taxis’ for big events such as World Cup, Davos — and climate summits, study finds

Plus, Harvey Schwartz leaves a troubled fintech’s board and BHP sends mixed messages about interest in buying its rival

The dispute comes as the country has been attracting billions of dollars in foreign investment

FT Money seeks readers’ views

Experts say HMRC could challenge some advance fee schemes

Widening gap with state sector for special educational needs support is ‘a real concern’ says education secretary

Increased share of commercial radio spectrum filings shows bet on future lunar economy, FT research finds