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Financial crisis

Hong Kong’s West Kowloon arts hub ‘may delay some infrastructures’ to fix funding crisis

by Ron Morgan
Hong Kong’s West Kowloon arts hub ‘may delay some infrastructures’ to fix funding crisis

The vice-chairman of Hong Kong’s premier cultural hub has expressed optimism that a deal can soon be struck with the government to avert the arts district’s imminent financial crisis, saying …

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Big short trader Danny Moses warns Tesla is vulnerable to 70% drop

by Walter Watson
Big short trader Danny Moses warns Tesla is vulnerable to 70% drop

Tesla shares are still vulnerable to a big decline ahead, according to investor Danny Moses of “The Big Short” fame . Even with the electric-vehicle maker’s stock down 32% so …

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Dubai plans to move international airport to US$35 billion new facility within 10 years

by Walter Watson
Dubai plans to move international airport to US billion new facility within 10 years

“We are building a new project for future generations, ensuring continuous and stable development for our children and their children in turn,” Sheikh Mohammed said in an online statement on …

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Sri Lanka’s Chinese-financed white elephant airport leased to Indian-Russian joint venture

by Walter Watson
Sri Lanka’s Chinese-financed white elephant airport leased to Indian-Russian joint venture

Sri Lanka said on Friday it had leased a white elephant international airport built with Chinese loans to a foreign joint venture, as the island nation’s bankrupt government seeks to …

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Opinion | As private credit warnings grow, the fear is that the horse has bolted

by Anas Siddiqui
Opinion | As private credit warnings grow, the fear is that the horse has bolted

Private credit has since grown to around US$2 trillion, according to the IMF, which is raising a red flag over the sector. While this is small relative to the size …

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Opinion | Why world cannot rely on tech giants to solve its problems

by Anas Siddiqui
Opinion | Why world cannot rely on tech giants to solve its problems

The Kennedy-era guru on capitalism John Kenneth Galbraith presciently proclaimed in his 1967 book, The New Industrial State, that “the imperatives of technology and organisation, not the images of ideology, …

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Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

by Anas Siddiqui
Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

It’s instructive to read Mervyn King, former governor of the Bank of England, in his book The End of Alchemy: Money, Banking and the Future of the Global Economy, to …

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China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

by Anas Siddiqui
China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” …

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Israeli military alleges Hamas made use of tunnels under UN agency’s main office in Gaza City

by Walter Watson
Israeli military alleges Hamas made use of tunnels under UN agency’s main office in Gaza City

The Israeli military says it has discovered tunnels underneath the main headquarters of the UN agency for Palestinian refugees in Gaza City, alleging that Hamas militants used the space as …

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Big Short’s Steve Eisman worries investors are too bullish in 2024

by Ron Morgan
Big Short’s Steve Eisman worries investors are too bullish in 2024

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding …

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