Economies.
Hong Kong Luxury Spending Fuels Uneven H1 Economic Recovery
Hong Kong's economy recorded its strongest half-yearly growth in nearly five years. High-end consumption and a polarised property market drive this recovery, with residential assets outperforming commercial spaces.
Experts Advise: Integrate AI Risks into Existing Corporate Governance, Not New Policies
Businesses should integrate artificial intelligence risks into their current corporate governance and disclosure systems, rather than developing separate policies. This approach demonstrates operational maturity and addresses immediate concerns.
AIIB Warns 34% of Sovereign Borrowers Face 2050 Downgrades
The Asian Infrastructure Investment Bank projects climate inaction could cut credit ratings for over one-third of its government clients by 2050.
AOSIS Negotiator: Climate Finance Key for Island Economies
Small Island Developing States (SIDS) are weary of wealthier nations' climate change hypocrisy, according to Angelique Pouponneau, lead ocean negotiator for the Alliance of Small Island States (AOSIS). She advocates for significant emissions reductions and accessible climate finance.
China, Chile, Belgium Compete for High Seas Treaty Secretariat Host
China, Chile, and Belgium are vying to host the High Seas Treaty secretariat. This administrative body will shape global marine resource rules, impacting industries from fisheries to seabed mining. The decision, expected in January, could shift centres of international governance.