Sovereign wealth funds have become some of the most powerful players in global finance. They now manage more than US$16 trillion in total assets, up from about US$3 trillion in 2008. By Yan Liu (IMF […]
Despite being a convicted criminal, Darron Levin managed to gain the confidence of employers, business associates and women he’d met on dating websites. A number of individuals say they handed over a combined total of […]
Australian shares finished the week on a weaker footing as renewed concerns over inflation, rising oil prices and geopolitical tensions prompted investors to scale back exposure to equities after a solid run earlier in the […]
A one-time manager at Scentre Group, the operators of Westfield shopping centres, convicted fraudster Darron Levin has for years been selling the same piece of an apparently fictitious multi-million-dollar property in Sydney’s affluent North Bondi […]
Australian construction cost growth accelerated over the June 2026 quarter, reversing the sharp slowdown recorded earlier in the year and confirming the March quarter lull was an anomaly rather than the start of a sustained […]
The government sets up a new Office of AI that will provide the framework of legislation for a mandatory set of national AI standards, designed to ensure AI systems are developed and deployed safely and […]
Less demand, more production, and inventory drawdowns prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy. (IMF Blog: Jean-Marc Natal and Azim Sadikov) The largest […]
Asian financial markets ended the week under heavy pressure as a global sell-off in technology shares, concerns over the sustainability of artificial intelligence-driven valuations, rising geopolitical tensions in the Middle East and mixed Chinese economic […]
As midsummer arrives in the Northern Hemisphere, Hainan, China, welcomes its annual island-wide carnival. The 2026 (27th) Hainan Island Carnival will be held from July 18 to August 18, extending a vibrant summer invitation to […]
Last week Telstra suffered one of its largest-ever outages after a fault in network time-synchronisation systems caused widespread service failures. Millions of customers lost mobile connectivity, rail services in New South Wales and Victoria were […]
Australian consumers have become a little more optimistic, but confidence remains among the weakest recorded in decades, highlighting the ongoing financial pressures facing households despite easing concerns over fuel prices and interest rates. The latest […]
Australia’s motorcycle market has recorded a strong first half of 2026, with sales up 8.2 per cent compared with the same period last year. A total of 46,023 motorcycles were sold from January to June […]
Australia’s sharemarket finished the week on a firmer note but still ended lower overall as investors navigated geopolitical tensions, shifting interest rate expectations and mixed commodity prices. The benchmark S&P/ASX 200 rose 43.5 points, or […]
World’s billionaire population surpasses 4,000 for first time—with China’s 1,100 distinguishing themselves as nine out of every ten Chinese billionaires started from scratch The world’s billionaire class has reached a new milestone, with the number […]
The total of assets under management in Hong Kong has hit record high as global capital flows accelerate Hong Kong has reinforced its position as one of the world’s leading asset and wealth management centres, […]
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