Blackstone Group’s logo on display during the opening of the company’s new office in Singapore. Munshi Ahmed | Bloomberg | Getty Images Since the pandemic, private equity funds focused on Asia have struggled to raise money, as the industry sat on massive unsold assets and idle dry powder. Signs of growing confidence began to emerge…
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from…
While the impact of the war in Iran is sparing no major global economy, the U.K. is predicted to bear the greatest economic hit of any developed market nation, according to the Organization for Economic Cooperation and Development. In its latest economic report revising growth and inflation forecasts made in December, the OECD made steep…
U.S. President Donald Trump welcomes Saudi Crown Prince and Prime Minister Mohammed bin Salman during an arrival ceremony on the South Lawn of the White House in Washington, D.C., U.S., November 18, 2025. Kevin Lamarque | Reuters Gulf states issued a joint statement on Thursday condemning Iran’s “blatant” and “criminal” attacks against their energy infrastructure,…
President Donald Trump said he’s considering sending the National Guard to U.S. airports, two days after the administration sent Immigration and Customs Enforcement agents to several major U.S. airports following hourslong waits for travelers because of the partial government shutdown. In a Truth Social post on Wednesday, Trump blamed Democrats for the shutdown, which began Feb. 14….
Vanessa Nunes | Istock | Getty Images Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for higher…
An aerial view of wind turbines at the Altamont Pass wind farm on January 13, 2026 in Livermore, California. Justin Sullivan | Getty Images The White House has agreed to pay TotalEnergies $1 billion to shelve East Coast wind farm projects that it condemned as “costly,” with the French energy giant’s investment set to be…
A giant inflatable Labubu toy floats on the water at Victoria Harbour on October 25, 2025 in Hong Kong, China. Vcg | Visual China Group | Getty Images 28-year-old Rebecca Zhou, born in China’s Sichuan province, owns an assortment of Moomin merchandise — bags, mugs, and figurines featuring the white hippo-looking cartoon character from Finland…
SEOUL, SOUTH KOREA – DECEMBER 17, 2025: Participants Jung Ho-young, Hudukjuk, Monk Sunjae, Son Jong-won, producers Kim Eun-ji and Kim Hak-min, Yoon Jumo Yoon Nara, French Papa, Chinese Cuisine Witch, and Baby Beast pose during a press conference for the Netflix series Culinary Class Wars: Black and White Chef Season 2 at JW Marriott Dongdaemun…
An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images With oil prices at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of the Strait of Hormuz, faith…
