As the Rich Buy Bigger Boats, Private Equity Is Investing in the Booming Marina Business
The private equity firm Blackstone now owns more marinas than anyone in the world.
International
Business and economy news from other publishers, in Malaysia, the region and the world.
Innovation core to AI trade in China’s two-speed economy: BlackRock executive
Global AI adoption is still at its infancy, with interest in agentic AI further driving demand
Berkshire Hathaway looks to keep culture intact as Howard Buffett ascends
Warren Buffett’s son becomes non-executive chairman; it is the latest move in a years-long leadership transition
FS says HK key to national financial goals
Financial Secretary Paul Chan on Sunday said Hong Kong would expand its renminbi-denominated bond market as part of efforts to strengthen its role as a safe, reliable offshore platform that fully aligns with international rules. Writing in his weekly blog, he said the government would also develop renminbi-denominated gold and commodity markets, to help strengthen the nation's pricing power in these areas. He noted the national five-year plan called for the speeding up the building of a financial powerhouse. He emphasised that Hong Kong plays a clear and unique role in meeting the nation's needs. "Leverage Hong Kong's strengths to serve the nation's needs — the country's high-quality development is Hong Kong's biggest opportunity and source of confidence," he wrote. He added that Hong Kong's first five-year plan is a response to a fast-changing world as markets need longer-term certainty. He said that when businesses can see where Hong Kong is heading over the next five years, they can work better with the government, combining an "active government" with an "efficient market" to drive results. Edited by Tony Sabine
More interest in ETFs, low-cost funds but Singapore still lacks pressure to further lower fund fees
As investors become more digitally savvy and self-sufficient, observers expect ETFs to continue gaining ground
CNN, MS NOW and Politico Barred From White House After Trump’s Ban
The prohibition on certain journalists was a major escalation in President Trump’s war on the media, and will probably face a legal challenge.
Trump says he plans to form AI Force, appoint AI 'Czar'
US President Donald Trump said Saturday that he is forming an "AI Force" and will announce an "AI Czar" in the near future.
Not all AI workers think the tech could kill everyone
In text exchanges and conversations, multiple people who have worked for leading companies are sceptical of the warnings.
California Cracks Down on Influencers’ Undisclosed Political Ads
Under a new law, creators could face fines of $5,000 per post if they don’t disclose that they were paid to make political content.
Converse Removes Ad That Drew Comparisons to K.K.K. Imagery
“This should not have happened and we will do better,” said Converse, which apologized for the ad. Critics said it depicted a Ku Klux Klan robe and a lynching.
