UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Global alternative asset manager Blackstone has successfully raised $13.1 billion for its latest Asia-focused private equity fund, surpassing its original target and marking the largest private equity fundraising effort in the firm’s
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SoftBank Group has overtaken Toyota Motor Corporation to become Japan’s most valuable listed company, marking a symbolic shift in the country’s corporate hierarchy as global demand for artificial intelligence fuels a historic
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Chinese online retailer Temu has been fined €200 million ($232 million) by European Union regulators for failing to adequately prevent the sale of illegal products on its platform, marking one of the
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For decades, Sri Lanka’s economic trajectory has been severely constrained by a persistent structural vulnerability: the twin deficits. The country has simultaneously run a chronic fiscal deficit and a structural trade deficit,
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A senior official of the Reserve Bank of Australia has delivered a stark assessment of how renewed conflict in the Middle East is reshaping the global inflation landscape and feeding directly into
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The geography of global wealth is undergoing a dramatic shift, as Gulf states and fast-growing Asian economies outpace many mature Western markets in billionaire growth rates, reshaping the balance of economic power.
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Indonesia has begun a sweeping crackdown targeting major palm oil producers over allegations of under-invoicing and transfer pricing in commodity exports, raising pressure on some of the country’s most powerful agribusiness groups.
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China has accumulated more than 30 days’ worth of coal supplies to ensure power stability ahead of an expected summer electricity crunch linked to the El Niño climate pattern. The National Development
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The IMF staff and Sri Lankan authorities have reached a staff-level agreement to conclude the combined Fifth and Sixth Reviews of Sri Lanka’s reform programme under the Extended Fund Facility (EFF). If
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Warnings about artificial intelligence wiping out large segments of the workforce have become a familiar feature of public debate. Layoffs at major technology firms and rapid advances in generative AI systems have
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