ICC Chairman Jay Shah expressed support for the IOC's Olympic Day initiative, highlighting cricket's global reach and unifying power. The day celebrates the Olympic movement, with cricket set to return to the Olympics at LA28.
A Russian senator claims the UK, France, and Germany (E3) are pushing for NATO troops to be deployed in Ukraine, while blocking its official membership to avoid direct conflict with Russia.
An independent committee investigating Hong Kong's deadliest fire in decades will not seek statutory powers to compel witnesses, sparking concerns among survivors about potential lack of scrutiny for key figures.
Alan Greenspan, former Federal Reserve Chairman, has died at 100 from Parkinson's complications. He led the Fed for over 18 years, overseeing an era of growth but also facing criticism for policies contributing to the 2008 financial crisis. His wife, Andrea Mitchell, remembered his kindness and passions.
Former US Federal Reserve chair Alan Greenspan has died aged 100. His wife, NBC News correspondent Andrea Mitchell, stated he died from complications of Parkinson's Disease. Greenspan, who chaired the Fed from 1987-2006, was credited with a long period of economic growth but also criticized for policies that may have fueled market bubbles.
Alan Greenspan, who led the Federal Reserve from 1987 to 2006 and was a central figure in U.S. economic policy for nearly two decades, has died at 100. His tenure saw prolonged economic booms but also criticism for contributing to the 2008 financial crisis through lax regulation and low interest rates.
Alan Greenspan, the influential former Federal Reserve chairman known for his warnings about "irrational exuberance," has died at 100. Appointed in 1987, he served until 2006, navigating economic booms and busts, and his words often significantly impacted financial markets.
The ICC has launched new 'Return to Play Post-Pregnancy Guidelines' to support female cricketers resuming careers after childbirth. The framework, featuring a '6 Rs' model, aims to provide flexible schedules, childcare support, and travel assistance, ensuring players don't have to choose between motherhood and sport.
State Bank of India Chairman Challa Sreenivasulu Setty stated the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, a strengthened capital position, and growth from subsidiaries as key factors not fully reflected in its share price.
Actor Giancarlo Esposito has converted to Islam while filming his latest movie, '7 Dogs', in Saudi Arabia. He recited the Shahada in a mosque with cast and crew members, an event shared by Saudi General Entertainment Authority Chairman Turki Alalshikh.
Federal Reserve Chairman Kevin Warsh has initiated a comprehensive review of the Fed's monetary policy framework, establishing five task forces to examine all aspects of policy setting, from communication and data analysis to inflation views and the balance sheet. This ambitious endeavor aims to ensure the Fed is "fit for purpose, and focused on the future."
Despite historical efforts, including Obama's administration, to curb income inequality, the US shows a persistent disinterest in redistribution. Factors like public aversion to taxes and wealth accumulation strategies by the ultra-rich contribute to widening disparities, potentially exacerbated by AI.
Former Hong Kong leader Leung Chun-ying stated that Hong Kong is the only city in China capable of replicating SpaceX's market-driven financing model, urging the development of professional services for the aerospace industry.
Claude Guillemot, co-founder of the video game publisher Ubisoft, died Friday in a plane crash in La Baule, France. He was 69. Guillemot helped build Ubisoft into a global gaming company and also chaired the family's hardware business, Guillemot Corp.
Dmitry Medvedev stated that "no rules" apply to Kiev due to escalating attacks on Russian cities, suggesting deliberate destruction of civilians as the only remaining restriction. He also questioned the relevance of the Hague Conventions in modern warfare.
Dmitry Medvedev stated that following the US-Iran deal, Israel, feeling its expectations of Iran's defeat unmet, will seek revenge. He also warned that the Strait of Hormuz has become a 'Persian nuke' that will be used.
PwC's global chairman, Mohamed Kande, stated at VivaTech that companies using AI at scale are hiring more people and seeing wage growth, contrary to "white-collar doom" narratives. However, entry-level roles exposed to AI are stagnating, and the bar for new hires is rising.
Poman Lo Kuok, Executive Vice Chairman and Group Managing Director of Regal Hotels, highlighted Hong Kong's potential for cultural tourism during an interview with the South China Morning Post. She emphasized the city's vibrant international nature combined with its preserved traditional culture, positioning it as a bridge between mainland China and the world.
Alibaba Chairman Joe Tsai outlined the company's "all in" AI strategy at VivaTech in Paris, citing a potential $50 trillion market. He emphasized a "full-stack" investment approach across chips, cloud, models, and applications, believing it's too early to pinpoint AI's biggest profit centers.
Reliance Industries Chairman Mukesh Ambani announced key initiatives at the 49th AGM, including the upcoming Jio IPO, significant AI investments, and expansion in new energy and retail. The company highlighted strong financial performance and commitment to India's growth.
Federal Reserve Chairman Kevin Warsh's strong stance on inflation has led traders to anticipate interest rate hikes sooner than expected. Despite President Trump's calls for lower rates, Warsh emphasized price stability, causing market volatility.
Hong Kong property tycoon Gordon Wu expressed strong optimism about China's future, citing its stability and the hard work of its people. Receiving the Game Changer Award, the 90-year-old founder of Hopewell Holdings stated he has bet on China since 1978 and believes its stability will sustain its rise, contrasting it with the US.
Russian President Vladimir Putin met with Singapore Prime Minister Lawrence Wong and wished Singapore a successful ASEAN chairmanship next year. Putin recalled Singapore as the location where Russia's strategic partnership with ASEAN was proclaimed during a 2018 summit.
ArcelorMittal Executive Chairman Lakshmi Mittal stated India will drive global steel demand due to infrastructure, urbanization, and energy transition investments. He compared India's future role to China's past growth, marking a new phase for the industry.
