OVER THE past half-century, China has conjured vast wealth out of widespread poverty. Now comes the vexing part: how to pass it on to the next generation. For China, this poses a new and underappreciated risk. On its current trajectory, the first great intergenerational transfer in China’s modern history will widen inequality, cement privilege and…
A video of a woman kneeling in a shopping centre in central China, pleading with her husband to buy her a down jacket, has gone viral on social media, igniting widespread outrage against the man. The clip was recorded in early December outside a clothing store in a shopping centre in Xiaogan, Hubei province. In…
The stock market’s early rally fizzled by the afternoon, with the S&P 500 swinging from a nearly 2% gain to a slight selloff by midday. Nvidia, which initially jumped after reporting strong earnings, reversed 1% into the red along with the rest of the megacap AI trade. The broader market mood wasn’t helped by mixed…
Published on 14/11/2025 – 12:45 GMT+1 Two weeks after using her WSJ Innovator Awards speech to call out the ultra-wealthy, pop megastar Billie Eilish has now taken her message directly to Elon Musk. Posting a series of Instagram Stories on Thursday, the 23-year-old singer shared infographics from the campaign group My Voice, My Choice, outlining…
Tesla shares jumped 6 percent on Monday after CEO Elon Musk disclosed that he had bought $1bn worth of the company’s stock. The move reinforces Musk’s push for greater control over Tesla and comes a week after the company’s board offered him a $1 trillion pay package over the next decade. Musk’s stock purchase –…
Published On 31 Aug 202531 Aug 2025 Indonesian President Prabowo Subianto has cancelled a trip to China, as deadly antigovernment protests spread outside the capital, and social media platform TikTok suspended its live feature, citing concerns over the “increasing violence” in the Southeast Asian country. The announcement by Prabowo’s spokesman came on Saturday as Indonesian…
Hong Kong has long been known as an international financial hub where fortunes are made in office towers that form the city’s iconic skyline. Its free-market economy has given rise to some of Asia’s wealthiest and most powerful families and firms. But beneath the glitz and glamour lies a sobering level of inequality. Some people…