The United States will again withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO), marking another reversal of President Joe Biden’s multilateral approach, according to reports citing US and European officials. The move is part of President Donald Trump’s renewed campaign to distance the US from international institutions he deems hostile or unaligned…
Inclusion and fairness are fundamental human values, yet many societies struggle to strike a balance between removing barriers and holding everyone to high performance standards. One recent example is the controversial US rollback of diversity, equity and inclusion rules. So, it was encouraging to see Hong Kong Exchanges and Clearing (HKEX) claim success in its…
A rush of investor cash is headed for the stock market in the second half, most of it coming from retail investors. That’s according to JPMorgan, which predicted this week that investors are poised to inject $500 billion into stocks through the rest of 2025, and most of that will come from retail traders. “Led…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
China’s government on Wednesday issued two warnings to its citizens about travel to the United States, noting a deterioration in bilateral relations as the two countries slap hefty tariffs on each other’s imports. “Due to the deterioration of Sino-US economic and trade relations and the domestic security situation in the United States, the Ministry of…
It appears US President Donald Trump is doing all he can to save TikTok, the hugely popular video-sharing app owned by Chinese Internet company ByteDance. It’s unusual because not long ago Trump had wanted to ban it. In a desperate bid to make TikTok American, he said on Wednesday he would be willing to reduce…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
President Donald Trump completed his first week in the White House by signing a record number of executive orders. Trump signed 35 executive orders during his first week, addressing topics like AI innovation, the Federal Emergency Management Agency, abortion and more. It’s a stark contrast to his first administration, where he ended his first week…
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