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‘Destroyed lives’: Chinese billionaire sentenced to 30 years in US prison

A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced to 30 years in a US prison for a massive financial fraud that a federal judge said cost over 1000 people worldwide hundreds of millions of dollars.

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Apollo Chief Economist Delivers Scathing Rebuke Of AI, Finds Zero Margin Boost Outside Of Tech

In his market note published this morning, Apollo's chief economist Torsten Slok delivers a scathing review of the failure of AI to boost profit margins outside of tech... which of course is what AI is supposed to do since it is meant to boost productivity across the entire economy, not just a select group of chipma…

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Palestine weekly: Israel accelerates land grabs in Gaza, West Bank

Earlier this month, Israeli ministers had described their expanding colonial project in the language of intent – with Finance Minister Bezalel Smotrich announcing the “cancellation” of the Hebron Accords, and Israeli broadcasters reporting on the government cabinet’s intended “quiet annexation” of Gaza. This week, t…

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Filinvest Land empowers local MSMEs with premium commercial lots

MICRO, small, and medium enterprises (MSMEs) are the lifeblood of the Philippine economy, but to truly thrive, they need more than just capital — they need the right environment. Recognizing this, Filinvest Land is transforming the South Luzon and East of Metro Manila corridors by doubling down on its core mission —…

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The passing of the maestro of monetary policy

KUALA LUMPUR — The passing of Alan Greenspan on June 22 marked the end of an era in modern economic policymaking. For nearly two decades — from 1987 to 2006 — Greenspan stood at the helm of the United States Federal Reserve (Fed), becoming arguably the most influential central banker of his generation. While America…

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