GQG scored a big win with its Adani bet, but could now press pause

Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. Indranil Mukherjee | Afp | Getty Images One of the biggest investors in India’s Adani Enterprises says he may be done doubling down on … Read more

U.S., UK strike Iran-backed Houthi targets in response to Red Sea attacks

Britain’s Prime Minister Rishi Sunak, left, and U.S. President Joe Biden speak at the start of the meeting of the North Atlantic Council (NAC) during the NATO Summit in Vilnius, Lithuania, July 11, 2023. Paul Ellis | AP The United States and the United Kingdom have “successfully conducted strikes” against Houthi targets in Yemen, President … Read more

SEC’s compromised account was ‘not due to breach of X’s systems,’ company says

INDIA – 2021/10/16: In this Photo illustration a Bitcoin logo seen displayed on a smartphone with an ETF(exchange traded fund) logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Social media X said late Tuesday it has completed a preliminary probe into the compromised … Read more

Is China’s consumption story over? Here’s what experts are saying

A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty Images After a year of uneven and disappointing post-pandemic recovery in 2023, China’s consumer sentiment may finally start to improve this year. Last year, the … Read more

Zhongzhi latest casualty of China’s deepening debt and property crisis

HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. CFOTO | Future Publishing | Getty Images Zhongzhi Enterprise Group filed for bankruptcy liquidation late Friday, as the Chinese shadow banking conglomerate is unable to repay its debt amid a … Read more

Asia’s young and rich are fueling art demand — what are they collecting?

Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist’s first known nude, at the Christie’s auction house in Paris on May 18, 2022. Emmanuel Dunand | Afp | Getty Images Wealthy, young collectors in Asia have been fueling demand for art — particularly … Read more

Asian cities, off the beaten path in Europe

Tokyo, Japan. Matteo Colombo | DigitalVision | Getty Images When it comes to travel abroad, popular destinations like London, Paris and Rome always seem to top the wish list for Americans. But many travelers are looking beyond those mainstay cities for trips in 2024. Interest in major Asian hubs, off-the-beaten-path locales in Europe and other … Read more

The best and worst U.S. airports 2023

AirHelp, an air passenger rights company, released its 2023 AirHelp Score report on America’s best and worst airports. The company used data to calculate how often flights departed as scheduled in airports across the country and surveyed passengers about wait times, cleanliness, retail stores and restaurants. The company determined an airports final ranking based on … Read more

Asian family offices bet big on risk — but that could be changing

Singapore city skyline on September 18, 2016. Rustam Azmi | Getty Images News | Getty Images Asia’s family offices used to have a far bigger appetite for risks compared to their global counterparts — but that could be changing, according to a recent survey. A Citi Private Bank global survey in the third quarter of … Read more