China's economy is experiencing a notable slowdown, prompting the Chinese government to set an ambitious economic growth target of 5.0% for 2024. This target, deemed ambitious by many analysts, may require additional stimulus measures to achieve. Following the disappointing second-quarter figures, Goldman Sachs revised its forecast for China's 2024 growth...

Monday brought a significant downturn in the stock market, impacting several Silicon Valley billionaires. By the end of the trading day, the Nasdaq 100 had dropped by 3.4%, the Dow Jones had plummeted over 1,000 points, and the S&P 500 had fallen by 3%. This decline severely affected the net...

The ASEAN region is projected to advance from the world's fifth to fourth-largest economy by 2030, with its GDP expected to rise by 51% to $3.8 trillion in 2023 from $2.5 trillion in 2015. This optimistic outlook was shared by ASEAN Economic Community (AEC) Deputy Secretary-General Satvinder Singh during the...

Union Bancaire Privée (UBP) has announced the appointment of Teresa Lee as the region head for North Asia and the chief executive of its Hong Kong operations. Lee brings a wealth of experience from her previous roles, including her tenure at the Bank of Singapore, where she served as head...

On Tuesday, Mark Zuckerberg, the founder of Meta, surpassed Bernard Arnault, the French luxury goods magnate, to become the third-richest person globally. This shift came after a notable increase in Meta’s stock value and a decline in LVMH’s shares. As of approximately 2:45 p.m. EDT, Zuckerberg’s wealth was reported to...

While many CEOs acknowledge the severity of the climate crisis, they often struggle with how to leverage business opportunities and manage risks related to climate change. According to PwC's 27th Annual Global CEO Survey, only 30% of 4,702 CEOs view climate change as a factor that will alter their business...

In a significant move, Jensen Huang, the CEO of Nvidia, sold $322.7 million worth of company shares in July. This sale brings his total stock sales to nearly $500 million over the summer, positioning him strategically ahead of a severe tech-led global stock decline driven by weak earnings reports and...

Abrdn Plc reported positive net inflows in the first half of 2024 as the asset management firm continues its search for a new permanent chief executive officer. The firm announced on Tuesday that clients contributed a net of around $1 billion to its funds during the first six months of the...

The surge in e-commerce has kindled optimism about digitalization as a means to foster inclusive development and gender equality. This optimism stems from the numerous opportunities e-commerce offers for women's economic empowerment, notably by supporting business growth and diversifying the roles of women entrepreneurs. By lowering some of the supply-side...