Hong Kong speeding up financial market reforms with focus on resilience: Paul Chan

Hong Kong speeding up financial market reforms with focus on resilience: Paul Chan

Hong Kong is accelerating reforms of its financial market by making the sector’s ecosystem more resilient and comprehensive, a minister has said, as the city grapples with geopolitics and a rapidly changing technology-led global landscape. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong would take a two-pronged approach by strengthening its…

Read More
Oracle founder Larry Ellison briefly passes Elon Musk to become the world's richest man—and he has Nvidia CEO Jensen Huang to thank for that

Oracle founder Larry Ellison briefly passes Elon Musk to become the world’s richest man—and he has Nvidia CEO Jensen Huang to thank for that

Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…

Read More
Klarna goes public as 3 in 4 Americans rely on buy-now, pay-later. Experts worry it's snowballing 'quickly into a serious financial burden'

Klarna goes public as 3 in 4 Americans rely on buy-now, pay-later. Experts worry it’s snowballing ‘quickly into a serious financial burden’

Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry.  Klarna, known for its short-term, interest-free financing solutions…

Read More