China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high tariffs of up to 145%, and 125% retaliatory duties imposed by Beijing, took effect and shipments were curtailed.
Mayors in the north of England have unveiled a new partnership which they claim will drive investment opportunities across the region. The Great North, chaired by North East mayor Kim McGuinness, will represent a combined population of more than 15 million people in the area spanning the Pennines, from Yorkshire and Lancashire, up to the
Buffett said Berkshire came close to spending $10 billion, and he’d happily spend $100 billion. Warren Buffett has overseen the investment portfolio at Berkshire Hathaway (BRK.A 1.53%) (BRK.B 1.31%) for 60 years. In that time, he’s produced mind-boggling returns for shareholders. Since Buffett took over the company in 1965, Berkshire shares have returned an average
he Banten Police have named and detained three suspects over suspected extortion of a contractor working on a massive petrochemical project in Cilegon, Banten. Two of the suspects are high-ranking officials at the Indonesian Chamber of Commerce and Industry (Kadin)’s regional branch in Cilegon, namely regional Kadin chairman Muhammad Salim and the regional deputy chairman
[SINGAPORE] Local bank OCBC remains positive about the investment outlook for the next one year, despite Moody’s downgrade of the United States’ credit rating on Friday (May 16). The ratings agency downgraded the US from “AAA” – the highest rating for credit reliability – to “AA1”, citing rising fiscal deficits and higher interest payments. Nevertheless,
Palantir Technologies (NASDAQ: PLTR) has been one of the biggest winners of the artificial intelligence (AI) boom of the last few years. If you had invested $10,000 in the stock at the start of 2023, you’d have about $200,000 worth of the company, as of this writing. At its current rate, it seems like only
President Donald Trump didn’t share many details in his announcement this week about a massive $600 billion deal with Saudi Arabia, but he did shout out one Michigan company. A relatively new corporation, Shamekh IV Solutions, LLC earned a mention for pledging to invest $5.8 billion in the U.S. and Saudi Arabia. A piece of
AI AMBITIONS The White House also said both countries inked an AI agreement that will see the UAE invest in US data centres and commit to “further align their national security regulations with the United States, including strong protections to prevent the diversion of US-origin technology”. The UAE is seeking to become a leader in
When you cover the sports business beat, you hear a lot of jargon — discounted cash flows, enterprise values, revenue multiple — usually from people trying to convince you that the amount they paid for a team is the result of a mathematical equation. An alternative translation: stop asking stupid questions, the number is the
Getty Images For as high-scoring and high-flying as they came to known during the regular season, the Cleveland Cavaliers‘ “Cavalanche” settled to a stop when it mattered most. Despite being the No. 1 seed, the Cavaliers were bounced from the second round of the NBA playoffs in five games to the Indiana Pacers, bringing a disappointing