The climate impact of the world’s wealthiest individuals extends far beyond their luxury consumption and energy use, with their investment portfolios representing a much larger, and often overlooked, contribution to global emissions, according to a new report.The study, from researchers at the prestigious World Inequality Lab, argues that to truly…
Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a…
European markets began the new week and month with a positive, albeit cautious, tone on Monday, as investors digested a strong earnings report from Ryanair ahead of a pivotal week for central bank decisions.The pan-European Stoxx 600 index opened just above the flatline. Shortly after the start of trading, the…
India’s financial crime agency has provisionally frozen Rs 30.84 billion ($350.87 million) in assets linked to Ani Ambani’s Reliance Group.The Enforcement Directorate (ED) initiated the action as part of an extensive money-laundering investigation into loans issued by YES Bank Ltd between 2017 and 2019 amounting to more than $568.86 million.…
Shares of South Korea’s leading entertainment companies rallied after South Korea’s national broadcaster KBS signed a content exchange agreement with China Media Group (CMG), signaling a potential end to the unofficial ban that has long stifled South Korean entertainment in the Chinese market.SM Entertainment rose more than 8%, JYP Entertainment…
US President Donald Trump has claimed he does not know and cannot recall meeting Changpeng Zhao, the billionaire co-founder of the world’s largest cryptocurrency exchange Binance, despite granting him a controversial presidential pardon last month.In a Sunday interview with the CBS News program ’60 Minutes’, Trump defended his decision to pardon…
Ryanair reported a stronger-than-expected first-half profit on Monday, supported by robust summer demand and improved aircraft deliveries from Boeing, prompting the airline to raise its full-year passenger forecast.The Irish carrier, Europe’s largest by passenger numbers, posted an after-tax profit of 2.54 billion euros ($2.96 billion) for the six months to…
Data centre operator IREN announced on Monday that it has signed a five-year, $9.7 billion cloud services agreement with Microsoft, giving the technology giant access to Nvidia’s GB300 processors. The partnership marks a major step in Microsoft’s ongoing effort to expand AI infrastructure and secure computing power amid intensifying demand…
Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a…
India’s digital payments landscape has matured from a rapid-growth experiment into a phase of financial discipline and market-driven clarity. At the centre of this evolution stands Pine Labs Ltd., the Noida-based merchant payments company backed by Mastercard Inc. and PayPal Holdings Inc. The firm is preparing to raise up to…