Category: Business

Munich, May 17, 2025 — Allianz SE, Europe’s largest insurer, posted a record high operating profit in the first quarter of 2025, underscoring its resilience amid global economic uncertainty. However, the company missed analyst expectations on core net income. The company reported an operating profit of €4.24 billion, up 6.3% year-over-year and in line with […]

Sydney, May 16, 2025 — Australian real estate group GPT Group has announced the creation of a A$1 billion (US$640 million) logistics partnership with Canada’s QuadReal Property Group, aimed at expanding their presence in Australia’s high-growth logistics sector. The new joint venture, named GPT QuadReal Logistics Trust 2 (GQLT2), will be seeded with approximately A$460 […]

Shenzhen, China – May 15, 2025 — Tencent Holdings, China’s largest technology firm and the world’s leading video game company, reported robust financial results for the first quarter of 2025, with revenue and profit both showing double-digit year-on-year growth. The performance was powered by a strong rebound in its core gaming segment and continued momentum […]

Tariff-driven price pressures are adding to inflation risks, leaving trade-dependent economies particularly vulnerable. Higher tariffs and shifting trade policies are threatening to disrupt global supply chains, raise production costs, and delay key investment decisions – all of this weakening the prospects for global growth. General slowdown The economic slowdown is widespread, affecting both developed and […]

After multiple delays of the REAL ID Act of 2005 and its updated counterpart, the REAL ID Modernization Act, in the United States, the May 7th deadline of REAL ID enforcement has finally arrived. Does this move our security forward in the skies? The last 20 years says we got along fine without it. There […]

Even more impressively, the number of Egyptian women with an account increased by 260 per cent, though gender gaps do remain. But how you widen financial inclusion overall is a question the Arab region is currently grappling with. A new report from the UN Economic and Social Commission in Western Asia (UNESCWA) published on Thursday […]

In a major shake-up in the sports retail industry, Dick’s Sporting Goods has announced its acquisition of Foot Locker for $2.4 billion. The deal comes as Foot Locker grapples with challenges in a shifting retail landscape, including changing supplier relationships and declining sales. A Strategic Move Amid Market Uncertainty Many apparel brands have struggled in […]

Within the next decade, generative AI could join computers and electricity as one of the most transformational technologies in history, with all of the promise and peril that implies. Governments’ responses to GenAI—including new legal precedents—need to thoughtfully address real-world harms without destroying the public benefits GenAI can offer. Unfortunately, the U.S. Copyright Office’s rushed […]

Comparing data from 2018 and 2022, UNICEF found that the pandemic worsened existing trends: children are underperforming in school, more likely to be overweight or obese, and generally less satisfied with their lives. This data sets a “worrying benchmark for children’s wellbeing,” said Bo Viktor Nylund, Director of UNICEF’s research office, Innocenti. UNICEF ranked the […]

This week, the U.S. House Energy and Commerce Committee moved forward with a proposal in its budget reconciliation bill to impose a ten-year preemption of state AI regulation—essentially saying only Congress, not state legislatures, can place safeguards on AI for the next decade. We strongly oppose this. We’ve talked before about why federal preemption of […]