Global World Economy

Qatar’s $450 billion wealth fund has no plans to forsake Canary Wharf.

https://www.youtube.com/watch?v=bqYCUV8Rt8o The CEO of Qatar’s $450 billion sovereign wealth fund, a significant player in European property acquisitions, expressed concerns about the commercial real estate market. Mansoor Al Mahmoud, CEO of the Qatar Investment Authority, highlighted the sector’s “a little bit of risk” due to leverage and funding costs in a Bloomberg Television interview at the …

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Morgan Stanley’s CEO, Ted Pick, Takes Charge of a Bank That Has Reached Unprecedented Levels of Predictability.

    In his initial quarterly earnings report to investors on Tuesday morning, the recently appointed chief executive officer initiated his presentation with charts illustrating the “15 years of transformation” undergone by the company. Between 2009 and 2014, the firm predominantly derived its revenue and profit from its Wall Street operations. However, the period from …

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Surviving the Odds: Biden and Trump’s Battle Against Heart Attacks, Strokes, and Dementia

They say age brings wisdom, but it also brings physical decline. When the challenges of aging overshadow the benefits of experience, it might be time for even the most ambitious individuals to contemplate a peaceful retirement.   If either Joe Biden or Donald Trump has pondered such retirement, it’s evident they have firmly rejected the …

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The Root Causes of Hong Kong’s Issues: A Complex Intersection of Chinese and American Influences

Sevva, an upscale bar and restaurant boasting breathtaking views, has catered to bankers and tourists for over 15 years. From its terrace, patrons can gaze over a cocktail and through the windows of the adjacent hsbc office. The restaurant prides itself on offering cuisine that is “fresh, simple, and honest.” However, it comes at a …

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Strategies for Wealth Accumulation in the 21st Century

By 2050, a new generation of economic powers is anticipated, with ambitious goals set by leaders worldwide. India, led by Prime Minister Narendra Modi, aims to surpass the World Bank’s high-income threshold before 2050, while Indonesia strives to catch up with developed nations by mid-century. Saudi Arabia, under Crown Prince Muhammad Bin Salman’s vision, seeks …

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Spotify’s Altered Approach to Artist Payments

Spotify is planning to implement changes to its streaming royalty model in early 2024 that would affect the lowest-streaming acts, non-music noise tracks and distributors and labels committing fraud, sources tell Billboard. The changes to Spotify’s royalty model, which were first reported by Music Business Worldwide, include: A new threshold of minimum annual streams that …

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Over 100 Fatalities and 150 Injuries Reported in Iraqi Wedding Blaze

In Iraq’s Nineveh province, Hamdaniya district, a devastating fire at a wedding party resulted in the tragic loss of over 100 lives and left 150 individuals injured. Civil defense teams were engaged in a meticulous search for survivors among the scorched remnants of the building until the early hours of Wednesday. Hassan al-Allaq, the Deputy …

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Asia’s Economic Model: A Journey of Reinvention

The future of the continent will see a diminished presence and influence from the West. The emergence of new supply chains necessitates a surge in intra-Asian investment in transport and logistics, observes Sabita Prakash of ADM Capital, a firm specializing in private credit. The alignment of investors seeking stable income with projects in need of …

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An Elevated Global Oil Price Bolsters Russia’s War Financing

The Kremlin Adopts Innovative Strategies to Sustain Revenue       The windfall was bound to reach its limit. Despite facing Western sanctions, reduced production, and the challenges of navigating the Black Sea, Russia’s crude shipments experienced a decline, falling to 3 million barrels a day in August, a significant drop from the April-May average …

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Is China Heading Towards a Decade of Stagnation?

“Xi Jinping Holds the Keys to Avoiding Japan’s Destiny: It’s Time to Utilize Them”    “Since the burst of China’s real estate bubble,” Richard Koo of the Nomura Research Institute remarked in a recent seminar, “I have been flooded with inquiries from Chinese media, economists, investors, and occasionally, policymakers, questioning, ‘Is China heading down the …

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