Hong Kong’s finance chief has predicted the economy will post solid growth for the first quarter, while pledging to press on with plans to control government spending to maintain the city’s competitiveness. Financial Secretary Paul Chan Mo-po gave his forecast on Sunday in the lead-up to this week’s announcement of gross domestic product (GDP) figures…
Elon Musk has ignited debate in financial and technological circles by endorsing the idea of putting US Treasury spending on a blockchain. The proposal, aimed at increasing transparency and eradicating alleged fraud, has sparked discussions about its feasibility, benefits, and risks. Yahoo Finance UK spoke with Symphony chief product officer Mike Lynch, to explore what…
Former Pittsburgh Steelers running back now turned streamer Le’Veon Bell has once again come to the defence of Elon Musk, calling out those who “complain about Musk”. Le’Veon Bell backs Elon Musk against critics regarding his advisory role in government efficiency(Le’Veon Bell/X/AP) The Tesla boss has been at the center of controversy following his appointment…
The Department of Government Efficiency (DOGE), led by Elon Musk, announced on Saturday the cancellation of a $22 million funding intended to increase voter turnout in India. The decision was part of broader cuts to international aid, which include slashes to several programs in countries such as India, Bangladesh, and Mozambique. Elon Musk has in…
Microsoft co-founder Bill Gates praised the world’s richest man Elon Musk’s work, saying he “admires a lot he’s done”, but admitted that the Tesla chief’s comments on European politics “surprised” him. In an interview with the Wall Street Journal (WSJ), Bill Gates reflected on his childhood, autism and early start of Silicon valley tech juggernaut…
In a virtual speech broadcast to world leaders at Davos, US President Donald Trump today put forward several pledges for his second term, including promises to battle government spending, “economic chaos” and increased public borrowing. He also spoke about trade, and said he would use tariffs to reshore manufacturing in America – adding that levies…
China’s finance ministry reaffirmed it will increase public spending with a greater focus on boosting consumption to support the economy next year, ahead of growth headwinds from looming US tariffs. China will “expand the magnitude of fiscal spending and accelerate the spending pace,” according to a statementBloomberg Terminal published Tuesday following a two-day national conference…
China’s top leaders have signaled stronger stimulus to help fill a hole in consumer demand. That doesn’t mean Beijing will roll out a “bazooka” package just yet, or abandon its factory focus. Senior officials last week endorsed their strongest pro-growth stance in a decade, indicating bigger government spending and more interest rate cuts. Boosting consumption…
Apparently, you can teach an old DOGE new tricks. Lefty Sen. Bernie Sanders turned heads Sunday with his support for President-elect Donald Trump’s planned new Department of Government Efficiency (DOGE) — providing it takes aim at the Pentagon’s cushy budget. “Elon Musk is right. The Pentagon, with a budget of $886 billion, just failed its…
(Bloomberg) — Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to angst over the country’s budget. Most Read from Bloomberg The package, detailed by Finance Minister Fernando Haddad on Thursday, sent the currency tumbling to an all-time low, and stocks…