Americans are saving half a billion dollars a month on home internet costs thanks to a federal benefit passed as part of the bipartisan infrastructure bill. The program provides reduced cost plans and federal subsidies up to $30 per month and discounts on computers or tablets.
Indonesia is seeking assurance from the UK that it will secure a share of any future financial settlement stemming from a British corruption investigation into aircraft maker Bombardier. Indonesia helped the western authorities to uncover the kickbacks.
As Hong Kong reopens, Singapore's foreign currency deposits have increased while Hong Kong's have decreased. Singapore has seen an influx of wealthy elites and their funds while Hong Kong still leads in financial fundamentals.
Investcorp, a Bahrain-based alternative investment manager, is opening an office in Tokyo to target Japanese deals, taking advantage of the national succession crisis to pursue acquisitions and mergers.
Recent US economic data releases are inserting more forcefully the notion of “sticky inflation” into economic discussions. Initial surge in inflation was driven by high food and energy prices and broad-based price increases in the goods sector as a whole.
China's economic growth has been a key engine of global GDP growth over the past decade. However, China is now facing a 'middle-income trap', with implications for global recession.
Read the latest summaries about asset management, from Warren Buffett's defence of share buybacks to the worst annual performance for fixed income in more than a century.