South-East Asia's Risk Reduction Champion
As investment shifts away from China, some South-East Asian countries are reaping the benefits. In 2024, China's foreign direct investment outflows dropped for
Business
Chinese Stocks in Hong Kong Edge Toward Bear Market After Holiday Break
Hong Kong’s main equity gauge slipped below the 20% decline threshold that defines a bear market on Monday, following the week‑long holiday pause. The move refl
Abu Dhabi's AI Ambitions Tested by Iran War
Abu Dhabi's plans to become a global hub for digital infrastructure and AI by 2031 are facing challenges after the war with Iran. The UAE's „UAE AI Strategy 203
Who Profited Most from the Iran Conflict?
Defence contractors, energy companies, and investment banks saw their profits surge as war and uncertainty disrupted global markets. The conflict sent shockwave
Micron Shares Plummet on Tech Sell-Off
Micron Technology's shares dropped on Friday, erasing some of the week's gains after the company reported strong earnings. The decline occurred amid a global te
Energy Prices Ease After US-Iran Deal
The International Monetary Fund reported a decline in energy and commodity prices following the US-Iran agreement to halt hostilities. The Strait of Hormuz has
Crown Estate Rakes in Record Profit
The Crown Estate, the business arm managing King Charles's properties, has made a profit of £1.2 billion for the third year running. This UK-based firm is respo
Billionaire Behind Camden Market Accused of Funding Israeli Military
British consumers are unwittingly funding an Israeli billionaire who supports the Israeli military by participating in popular online competitions. Teddy Sagi,
AI Investment Falls Flat for Most Companies
Companies have spent more on artificial intelligence over the last two years than on any technology in a generation. Most have almost nothing to show for it. Ar
UK to Halve Tariff-Free Steel Imports
The UK is cutting its tariff-free steel imports in half to counter the surge in Chinese metal exports. New quotas are being introduced, replacing pre-Brexit rul
Qualcomm CEO Cristiano Amon on AI Agents
CNBC's Arjun Kharpal met with Cristiano Amon, Qualcomm's CEO, on the podcast The Tech Download. The discussion took place on June 19, 2024. Amon shared his insi
US Seeks Nearly $88 Billion for Iran War Effort
The US President Donald Trump requested almost $88 billion in additional funding from Congress on Wednesday, primarily to finance the ongoing conflict with Iran