Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Saudi Minister of Investment Khalid al-Falih pushed back on skepticism of Riyadh’s economic diversification.
Financial News
CIA director saw ‘genuine risk’ of Russia using tactical nuclear weapons early in Ukraine war
CIA Director Williams Burns said the risk of escalation should not be taken lightly, but the U.S. should also not be intimidated by Russia.
AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
With the biggest companies in the world throwing billions of dollars at generative AI startups, traditional VCs are struggling to find their place in the boom.
Friday’s jobs report for August is going to be huge. Here’s what to expect
The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
‘A declaration of bankruptcy’: Unions lash out as Volkswagen weighs possible German plant closures
Management at German automotive giant Volkswagen is set to go toe-to-toe with workers on Wednesday as leaders are set to present details about possible cuts.
Mongolia was meant to arrest Russia’s President Putin last night. It didn’t, and now it’s in trouble
Mongolia, as a member of the International Criminal Court, should have arrested the Russian president as soon as he landed on Mongolian soil Monday evening.
UK suspends some arms export licenses to Israel
British Foreign Minister David Lammy said Monday that the country would immediately suspend some arms export licenses to Israel.
What’s stalling China’s stock market recovery, according to KraneShares’ CIO
With investors fleeing Chinese stocks over growth concerns, the case for fiscal intervention could be stronger than ever.
Brazil’s top court orders nationwide suspension of Elon Musk’s X
Brazil’s supreme court on Friday ordered a nationwide suspension of Elon Musk’s social network X after the company vowed to defy earlier court orders.
Warren Buffett leads Berkshire Hathaway to new heights at age 94
“It’s been a matter of a well thought out strategy prosecuted for seven decades with discipline, consistency, and unusual insight,” Oaktree’s Howard Marks said.