Is military spending broken? The UK may offer some insights
In 2023, a U.S. general noted that decades of military spending cuts in the United Kingdom had affected its war-fighting capabilities. Are there lessons other countries can learn from the UK when it comes to budgeting for defense?
Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023
Goldman Sachs strategists see an economic shift from “reopening to recovery” driving Chinese stocks 24% higher by the end of this year.
World Wide Web inventor Tim Berners-Lee calls crypto ‘dangerous’ and likens it to gambling
“It’s only speculative. Obviously, that’s really dangerous,” Tim Berners-Lee told CNBC. “[It’s] if you want to have a kick out of gambling, basically.”
Rescue operation for Australian professor, others taken hostage in Papua New Guinea, police say
Papua New Guinea’s Prime Minister said police and the military were on stand-by, and the government was working with missionaries who were acting as mediators.
China formalizes rules for overseas IPOs
The new rules also call for IPO underwriters, typically international investment banks, to annually report to the CSRC their involvement with Chinese listings overseas.
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
The U.S. Securities and Exchange Commission (SEC) could be gearing up to take action against Paxos, over the issue of whether Binance USD (BUSD) is a security.
North Korea fired 2 missiles, artillery after making threats
South Korea has boosted its surveillance posture and maintains a readiness in close coordination with the U.S., said South Korea’s Joint Chiefs of Staff.
Formula 1: The FIA clarifies free speech rule after fierce backlash from Lewis Hamilton and drivers
The FIA said they can “express their views on any political, religious or personal matter” in “their own space” but will face sanctions if they defy law on track.
Trade tensions seen hanging over U.S. firms’ caution over China
Foreign multinationals in the U.S and Europe are getting more cautious about their capital investments in China due to geopolitical concerns, said consultancy.
Asia markets mixed ahead of Fed minutes; China leaves loan prime rates unchanged
Investors looked ahead to crucial economic data releases later in the week, including FOMC minutes and RBA minutes.
