Asia Business Investing Money

Greenland Said No To Trump And Now Says No To Australia And China

April 9, 2021

Former U.S. President, Donald Trump, discovered to his annoyance that Greenland is not for sale, and now an Australian company with close Chinese connections has been told that Greenlanders do not want a proposed rare earth and uranium mine.Whether it’s the tough climate or blood lines that go back to the Vikings is an interesting question though t...

Asia Business Investing Markets Money Policy

Nouriel Roubini’s Worries About Another Financial Crash Aren’t Crazy

April 9, 2021

Watching Bill Hwang’s Archegos Capital Management hedge fund stumble triggers more traumatic memories than global finance veterans like to admit. For many, parallels between the 1998 blowup of Long-Term Capital Management and Hwang’s forced liquidation of more than $20 billion worth of stocks on March 26 were too strong for comfort....

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Larry Ellison Briefly Becomes The World’s Sixth $100 Billion-Dollar Person

April 8, 2021

Oracle’s billionaire cofounder Larry Ellison hit centibillionaire status for the first time after shares of his software company rose on Thursday.  Oracle stock rose up to 1.8% as of 3:00 p.m. EST on Thursday, pushing Ellison’s net worth up by $1.8 billion, to $100 billion, according to Forbes’ estimates. The stock then pared back gains sligh...

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30 Under 30 Europe 2021: Constructing A More Sustainable Future

April 7, 2021

It’s been a long year. Our latest 30 Under 30 Europe Manufacturing & honorees gives us hope for a more sustainable future. For many young entrepreneurs, the sky's the limit. Ehsanullah Ekhlas decided to get there by digging holes in the ground.  As cofounder and CEO of Unicontrol ApS, a Denmark-based startup with a user-friendly machine c...

Hedge Funds & Private Equity Innovation Money Technology

The ESG Paradox – Why Banks Dont Walk The ESG Talk

April 7, 2021

The departure of Donald Trump from the political stage has left a void of sorts in the flow of lurid and dramatic media. But this is a void that the financial industry seems keen to fill. Since January we have witnessed a crypto mania, Reddit craze, and the blow up of two investment funds (Greensill and Archegos), to mention a few spectaculars. ...

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Rocket Elon: How Tesla’s Eccentric Boss Became The Number Two Richest On Forbes’ 2021 Billionaires List

April 6, 2021

As his electric vehicle and space exploration companies fired on all cylinders, Elon Musk’s fortune increased by more than $126 billion in just one year. Even amid a record year for billionaire wealth, no one in the world has had a better twelve months than Elon Musk. The Tesla cofounder and CEO’s fortune has grown an unprecedented amount, making...

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India’s 10 Richest Billionaires 2021

April 6, 2021

Mukesh Ambani added nearly $48 billion to his fortune since last year, and reclaimed the title of Asia’s richest person. Another Covid-19 wave is sweeping across India and total cases now exceed 12 million. But the country’s stock market has shrugged off its pandemic funk to scale new peaks; the benchmark Sensex is up 75% from a year ag...

Cybersecurity Innovation Investing Money Personal Finance Technology

Fake Unemployment Benefit Websites Preying On Laid-Off Workers, Experts Warn

April 4, 2021

Unemployment benefits have been a lifeline for many Americans laid off during the pandemic. Unfortunately, con artists have been busy pillaging these funds – often with the help of workers’ own computers and cell phones. Americans have lost $63 billion nationwide of unemployment funds during the pandemic to improper payments and fraud (mostly t...

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Biden Covid Official Warns 'Game-Changing' Variant Infects Kids 'Very Readily' And Could Spur New Lockdowns

April 4, 2021

ToplineDespite an accelerating vaccine rollout, Dr. Michael Osterholm, a member of President Joe Biden’s coronavirus advisory board, said on Sunday that the U.S. will face "major challenges" in battling the pandemic before summertime, warning the U.K. coronavirus strain infects children more easily than previous strains—something experts are still ...

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Biden Admin Defends Big Tax Hikes And $2 Trillion Spending–But Lawmakers Are Still Bitterly Divided

April 4, 2021

ToplineWhite House officials touted President Joe Biden's newly proposed $2 trillion in infrastructure-focused spending on Sunday and defended the plan's higher corporate tax rate, but lawmakers on both sides of the aisle are pushing back on its provisions, setting the stage for grueling negotiations as the plan makes its way to Congress. Key ...