Asia’s rich fear losing family fortune but have no succession plans
A Lombard Odier survey shows that Asia’s wealthy families want to preserve their fortunes across generations, but many…
Wix laying off about 20% of its workforce. CEO cites AI in post
Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a…
South Korea holds rates, reveals hawkish split within board
Pedestrians crossing a road in front of the Bank of Korea headquarters in Seoul on July 13, 2022.…
Iran war disruptions, Modi’s appeal to boost India’s hospitality sector
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India” — your…
CNBC’s The China Connection newsletter: Tariffs eased. Trust didn’t.
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection…
Iran war squeezes Europe’s economy as growth slumps, prices surge
The energy shock from the Iran war is seeping ever deeper into the European economy, presenting policy-makers with…
EU warns Iran war is causing stagflation shock
The EU will downgrade its growth forecast because of the “stagflationary shock” caused by the Iran war, the…
G7 ministers to meet amid warning of consequences of Hormuz closure
An aerial photograph shows the Greek-flagged crude oil tanker “Asahi Princess” off the coast of the Syrian Baniyas…
Pension funds are ramping up private credit bets despite risks
Pension funds are sticking with private credit, and in some cases doubling down on allocations even as concerns…
AI is exposing cracks in India’s growth story as it hits high-paying IT jobs
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India” — your…
In China, companies are shipping AI hardware
An interactive display featuring artificial intelligence at the iRootech Technology Co. offices in Guangzhou, China, on Wednesday, April…
Microsoft expands AI footprint in Australia with $18 billion investment
SYDNEY, AUSTRALIA – APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft…