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‘The costs … are staggering’

A study from Boston Consulting Group has concluded that there’s up to $150 billion in textile waste currently in landfills. But that doesn’t mean all hope is lost for the fashion industry. MR Magazine reported that repurposing fast fashion waste, along with governments disincentivizing waste, could help fix the industry’s production problem. California’s Senate Bill…

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Hong Kong’s asset management industry hits near-record US$4.5 trillion on massive inflows

Hong Kong’s asset management industry hits near-record US$4.5 trillion on massive inflows

Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion…

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