Sovereign wealth funds and central banks managing US$29 trillion in assets are turning to energy assets, and raising concerns about the dollar, in a portfolio reassessment driven by unprecedented geopolitical shifts, according to a survey published on Monday by independent global investment management firm Invesco.
The survey of 90 sovereign wealth funds and 54 central banks showed an increasing focus on diversification, and investment portfolios that can “take a hit and still hold it together” amid trade tariffs, closed shipping channels and wars in Ukraine and
A Chinese farmer has generated a buzz online by planting a forest of more than 170 surveillance cameras on his land in the hope of boosting his compensation under a land purchase scheme.
Footage circulating on social media – which showed the poles standing almost shoulder to shoulder on a hillside in Badong county, Hubei province – prompted rampant speculation about what could possibly warrant such heavy security for an ordinary orchard.
On Friday, the local village committee explained the man was trying to increase his payout under a compulsory purchase scheme to build
‘Any attempt to adopt new or separate arrangements … will only lead to more complicated situations,’ said Foreign Minister Abbas Araghchi
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Iran’s top diplomat warned on Sunday that any attempt by ships to bypass its preferred route through the Strait of Hormuz would “increase tensions” in the Middle East, as US and Iranian forces again traded attacks.
The exchanges underscored the fragility of a Pakistan-brokered agreement aimed
US President Donald Trump lashed out on Sunday at Washington’s presumptive next mayor, calling her a communist who would destroy the capital city, even as he touted grandiose building projects including the refurbishment of a golf course.
Trump said in the Truth Social post that he would meet Janeese Lewis George, who prevailed in the Democratic Party mayoral primary on Tuesday which all but assures that she will win November’s election in the heavily Democratic city.
But Trump warned that he would not let Washington, which he claimed to have
Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, will outline his vision for Britain on Monday, his office said, promising to change how the nation is governed with power moving from London to the regions.
Burnham, who returned to Westminster earlier this month after winning a parliamentary seat, is currently the only declared candidate to take over from Starmer and could be installed in Downing Street within weeks.
Starmer announced last week he would step down, just two years after winning a huge parliamentary
Mike Rowse has lived in Hong Kong since 1972, and is a naturalised Chinese citizen.
Hong Kong faces the prospect of a tsunami of elderly poverty sweeping over society in the coming decades. The question is what to do about it. The good news is that there are ways to reduce the severity of the problem. The bad news is that these will take time to be effective, so we need to start work immediately.
The president’s resignation follows 18 months of student-led protests over a deadly 2024 accident at a railway station
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Thousands of protesters descended on the Serbian city of Kraljevo on Sunday, keeping up pressure on President Aleksandar Vucic a day after he said he would step down within weeks to pave the way for early presidential and parliamentary elections.
Kate Middleton, Britain’s Princess of Wales, said on Sunday she had scaled the three highest peaks in Britain in 24 hours to raise money for a cancer charity and “as a chance to explore life beyond diagnosis and to give something back”.
Kate, 44, the wife of heir to the throne Prince William, is in remission after undergoing chemotherapy for an undisclosed form of cancer and, while she has returned to royal duties, she has spoken of the toll the illness has
Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said on Sunday, as President Vladimir Putin acknowledged his country is going through a “difficult period”.
Ukraine has markedly stepped up its long-range attacks on Russian military industries and energy facilities in recent months, aiming to cut Moscow’s revenue for its invasion – now in its fifth year – and make Russians feel the consequences.
The campaign has choked Russian fuel
Turkish police on Sunday detained at least 50 people, including a journalist, during a Gay Pride event in Istanbul that went ahead despite a ban by local authorities and the lockdown of the city’s main gathering point, organisers said.
Police stepped up security around Istanbul’s famed Taksim Square, erecting iron barriers, while local officials banned demonstrations in key rallying areas, including the Asian-side district of Kadikoy. The governor’s office also restricted subway transport in several central locations.
The Turkish Journalists’ Union