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
The Philippine peso is hovering near an all-time low as the fallout from a sweeping infrastructure corruption scandal collides with global headwinds, testing the country’s economic credibility. The currency fell to a
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Taiwan’s exports reached an unprecedented US$61.8 billion last month, rising 49.7 percent from a year earlier, as global demand for artificial intelligence (AI) applications and new consumer electronics powered shipments of high-tech
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World Liberty Financial (WLF), a cryptocurrency firm closely associated with US President Donald Trump and his family, has become a central node in a complex financial and political network linking the United
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The Line was conceived as a 500-metre-tall, 170km-long glass-and-steel city designed to house nine million residents along a continuous vertical wall. Central to the project was a “hidden marina” with cruise ships
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OpenAI has asked the Trump administration to broaden a 35% semiconductor-focused tax credit to cover AI data centers, AI server manufacturers, and electrical grid components, according to a letter dated Oct. 27
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About 20 banks, including Sumitomo Mitsui Banking Corp, BNP Paribas, Goldman Sachs, and Mitsubishi UFJ Financial Group, are leading the $18 billion loan for a data center campus in Doña Ana County,
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Tesla shareholders approved Musk’s $1 trillion compensation plan with 75 percent of votes cast at the company’s annual meeting on Thursday, Financial Times reported. If Musk meets the plan’s targets, it could
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The so-called “Magnificent Seven” — Nvidia, Meta Platforms, Microsoft, Amazon, Tesla, Alphabet, and Apple — experienced their worst weekly losses since April, as investors questioned whether the AI boom and record-high valuations
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Sri Lanka’s President and Finance Minister Anura Kumara Dissanayake unveiled the 2026 national budget on Friday, outlining reforms to strengthen economic resilience and uphold the country’s $3 billion International Monetary Fund bailout.
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Shein Group Ltd. is expecting a net income of $2 billion in 2025, nearly double the $1.1 billion it reported last year, buoyed by higher profit margins from price increases and cost-cutting
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