{"id":87,"date":"2025-07-24T13:05:55","date_gmt":"2025-07-24T13:05:55","guid":{"rendered":"https:\/\/infovision.com.au\/?page_id=87"},"modified":"2025-08-09T23:41:23","modified_gmt":"2025-08-09T23:41:23","slug":"latest-news","status":"publish","type":"page","link":"https:\/\/alfie.com.hk\/index.php\/latest-news\/","title":{"rendered":"Latest News"},"content":{"rendered":"
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Economy<\/a><\/h2>

Sen. Kennedy rails against AI developers as \u2018high IQ stupid people\u2019<\/a><\/h4>
Sep 6 2026<\/h6>The Louisiana Republican\u2019s comments come as both Democrats and Republicans have been forced to find ways to address the backlash against data centers.

\u201cI mean, the buildings they build now \u2014 they look like a broken arm with the bones sticking out,\u201d John N. Kennedy said of data centers.<\/a><\/p><\/div>

Will Kevin Warsh Squander a Huge Opportunity?<\/a><\/h4>
Aug 27 2026<\/h6>The new Fed chair will have the spotlight at the central bank\u2019s high-profile conference in Jackson Hole. He should use it.

Federal Reserve Chair Kevin Warsh testifies before the House Financial Services Committee on Capitol Hill on July 14, 2026.<\/a><\/p><\/div>

Vance asks Mainers to vote Republican \u2014 as Trump ups the trade war with Canada<\/a><\/h4>
Aug 24 2026<\/h6>Vice President JD Vance's visit marked his second to Maine's 2nd Congressional District in four months.

Vice President JD Vance speaks during a visit to Brewer, Maine, on Monday, Aug. 24, 2026.<\/a><\/p><\/div><\/div>\n\n\n

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Morning Money<\/a><\/h2>

What we learned about Kevin Warsh<\/a><\/h4>
Sep 17 2026<\/h6>Federal Reserve Chair Kevin Warsh put one thing to rest on Wednesday: He is not President Donald Trump\u2019s sock puppet.

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The markets call the shots for the Fed<\/a><\/h4>
Sep 16 2026<\/h6>Federal Reserve Chair Kevin Warsh will probably raise interest rates today, as investors overwhelmingly expect. What happens if he doesn\u2019t?

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Crypto\u2019s moment of truth<\/a><\/h4>
Sep 15 2026<\/h6>A landmark effort to remake the architecture of American financial regulation to incorporate the cryptocurrency industry is poised for a dramatic showdown today on the Senate floor.

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Commence AI doom cycle<\/a><\/h4>
Sep 14 2026<\/h6>AI leaders have quickly started saying it was time to slow the pace of the technology\u2019s development.

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Crypto\u2019s other conflict of interest problem<\/a><\/h4>
Sep 10 2026<\/h6>It was a defining issue in Washington\u2019s bygone cryptocurrency crackdown.

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Out of time on oil<\/a><\/h4>
Sep 9 2026<\/h6>Six months into the war with Iran, Wall Street is wary that persistently high energy costs may soon push up prices across the economy.

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When Donald does Dallas<\/a><\/h4>
Sep 8 2026<\/h6>Trump, Vance and Republican Party honchos will fly to Dallas this week for a convention intended to boost the party\u2019s chances of holding Congress in the midterms.

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Bright lights and prediction markets<\/a><\/h4>
Sep 3 2026<\/h6>A looming Supreme Court battle over financial regulation has the makings of a political prize fight.

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Business - South China Morning Post<\/a><\/h2>

Pets and personal touches: how China\u2019s luxury hotel market is changing<\/a><\/h4>
Sep 17 2026<\/h6>Chinese customers\u2019 growing desire for personal expression and cultural experiences has raised the game in the country\u2019s hospitality sector, creating opportunities for leading lifestyle hotel brands, according to a director at Hong Kong developer Hang Lung Properties.\n\u201cAn ideal hotel is the one that can redefine hospitality with personal touches,\u201d said Herman Chui, the company\u2019s senior director of office, hotel and residence, during a media briefing on Wednesday.\n\u201cGuests can select a teapot to...

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Hong Kong property market gets reprieve on rates, but position remains precarious<\/a><\/h4>
Sep 17 2026<\/h6>Hong Kong\u2019s property market dodged an immediate hit from the Federal Reserve\u2019s rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market\u2019s relatively fragile recovery, according to industry insiders.\nThe Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged.\nThe decision should have no immediate impact on the local...

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Fed rate hike risks worsening China\u2019s economic divide<\/a><\/h4>
Sep 17 2026<\/h6>The US Federal Reserve raised interest rates for the first time in three years in an effort to quell inflation partly caused by the war on Iran helping to drive up fuel prices.\nPolicymakers voted unanimously on Wednesday to lift rates by 25 basis points to between 3.75 and 4.00 per cent. Sixteen of 18 committee members also said that they anticipate another rate hike this year.\nThe increase will help inflation make a \u201ctimelier return\u201d to a 2 per cent target, according to a statement, as new Fed...

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Who\u2019s in control of Japanese monetary policy? Tokyo or Washington?<\/a><\/h4>
Sep 17 2026<\/h6>Before the unexpected intervention in Japan\u2019s foreign exchange market by the US Treasury Department on July 31 \u2013 the first time both countries joined forces to support the yen via outright purchases since 1998 \u2013 the probability of the Bank of Japan raising interest rates at its policy meeting on September 17-18 was less than 30 per cent.\nFast forward to today, and the chances of an increase have shot up to almost 100 per cent. In fact, expectations have shifted so dramatically that bond markets...

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How Hong Kong\u2019s new 5-year plan courts global capital with an eye on market dominance<\/a><\/h4>
Sep 17 2026<\/h6>Hong Kong is broadening its equity markets, deepening its offshore yuan business and expanding further into gold trading under its first five-year plan for economic and social development, as the city seeks to defend its standing as Asia\u2019s top financial centre and close the gap with London.\nUnveiled on Wednesday by Chief Executive John Lee Ka-chiu alongside his 2026 policy address, the blueprint outlines a package of financial plans to \u201cconsolidate and enhance Hong Kong\u2019s status as an...

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Huawei quickens AI chip pace, promises next entrant 3 quarters early<\/a><\/h4>
Sep 17 2026<\/h6>Huawei Technologies said on Thursday that it would launch its next-generation artificial intelligence chip in the first quarter of 2027, moving the target launch forward by nine months as the firm aggressively expands its ecosystem amid China\u2019s self-sufficiency push.\nDavid Wang Tao, rotating and acting chairman for Huawei, said on Thursday that the Ascend 960DT chip, an AI chip designed for model training, \u201cwith performance doubling\u201d, would be \u201cready in the first quarter of 2027\u201d, three quarters...

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Exchange Fund weighs bigger gold holdings to support Hong Kong\u2019s trading hub plan<\/a><\/h4>
Sep 17 2026<\/h6>Hong Kong\u2019s Exchange Fund, the war chest used to defend the local currency, is considering increasing its exposure to gold and other precious metals as part of the government\u2019s push to develop the city into a gold trading hub.\nHong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said on Thursday that the Exchange Fund would continue to invest mainly in US dollar assets to support the Hong Kong dollar\u2019s peg with the US currency.\nYue said the Exchange Fund could increase its...

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Hong Kong to support rocket, satellite IPOs as SpaceX-led sector takes off<\/a><\/h4>
Sep 17 2026<\/h6>Hong Kong aims to adjust listing rules to grab a share of initial public offerings by mainland China\u2019s space companies, in line with Beijing\u2019s priorities and heightened activity in the sector following the blockbuster June listing by Elon Musk\u2019s SpaceX.\nThat could lead to more head-to-head competition between the Hong Kong stock exchange and the Shanghai Stock Exchange, which is now drawing a majority of applications, including commercial space launch providers and reusable rocket makers CAS...

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Bloomberg Markets<\/a><\/h2>

01.AI's Kai-Fu Lee on Pacing Frontier AI Development<\/a><\/h4>
Sep 17 2026<\/h6>Kai-Fu Lee, CEO of 01.AI, says he suspects American AI companies may already have developed models that are \"really great, but also really scary.\" He discusses this on \"Bloomberg: The China Show\" on the sidelines of the BNP Paribas Global Markets APAC Conference. (Source: Bloomberg)

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Macerich CEO: Consumers Are Spending, but Are Selective<\/a><\/h4>
Sep 17 2026<\/h6>Macerich's President and CEO, Jack Hsieh, joins the program shortly after presenting at the Bank of America real estate conference. The segment is framed around Macerich and the broader theme of \"tracking the shopping mall resurgence.\" He speaks with Romaine Bostick on \"The Close.\" (Source: Bloomberg)

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Schwab Is Neutral on Equities, Favorable on Commodities, Sonders Says<\/a><\/h4>
Sep 17 2026<\/h6>Liz Ann Sonders, Charles Schwab chief investment strategist, says there is no one asset allocation that makes sense for every investor. She says the firm is neutral on equities, less favorable on fixed income, and more favorable on commodities. (Source: Bloomberg)

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BNY Chief Economist on Fed Rate Hike, BOJ Outlook<\/a><\/h4>
Sep 17 2026<\/h6>Vincent Reinhart, Chief Economist over at BNY Investments, discusses the Bank of Japan\u2019s upcoming rate decision due Friday. He speaks with Romaine Bostick on \"The Close.\" (Source: Bloomberg)

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DoubleLine\u2019s\u00a0Gundlach\u00a0Warns of Fiscal Crisis in Next Recession<\/a><\/h4>
Sep 17 2026<\/h6>DoubleLine Capital chief executive Jeffrey Gundlach warned that the next US downturn could trigger a debt crisis that sends long-term Treasury yields sharply higher \u2014 defying decades of conventional wisdom that bonds will always serve as safe haven during times of economic strife.

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US to Sell F-35s to Saudi Arabia in $24.3 Billion Deal<\/a><\/h4>
Sep 17 2026<\/h6>The State Department notified Congress that it plans to sell Saudi Arabia up to 48 F-35 warplanes in a first-time sale that could be worth as much as $24.3 billion. The sale of the\u00a0Lockheed Martin Corp.\u00a0fighter jet to Saudi Arabia has been in the works for a number of years.\u00a0President\u00a0Donald Trump\u00a0signaled in November the US would sell F-35s to the Kingdom, offering Crown Prince\u00a0Mohammed bin Salman\u00a0a prize he\u2019s long cherished, ahead of a visit to the White House that month. Meantime, the Pentagon and\u00a0Lockheed Martin Corp.\u00a0are moving to speed up the production of a new classified air-to-air missile for US Air Force and Navy jets that\u2019s seen as vital to deterring China.\n\nFor more, we speak with Wayne Sanders, Senior Defense Research Analyst for Bloomberg Intelligence. (Source: Bloomberg)

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Jeni\u2019s Splendid Ice Creams Founder on New Fiber Company<\/a><\/h4>
Sep 17 2026<\/h6>Jeni Britton, founder of Jeni\u2019s Splendid Ice Creams and now Founder and CEO of Floura, discussed her shift from ice cream to fiber-based snacks made from produce trim like apple cores, watermelon rinds, mango and pineapple rinds. Britton highlighted Starbucks as an important validation point for the young company, saying the placement gives Floura higher visibility and credibility as it expands beyond its direct-to-consumer roots. She speaks with Romaine Bostick on \"The Close.\" (Source: Bloomberg)

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Carry Trade Explained: Why the Japanese Yen Is Losing Its Appeal (JPY\/USD)<\/a><\/h4>
Sep 17 2026<\/h6>For decades, the Japanese yen has been one of the world\u2019s favored currencies for investors looking to borrow cheaply and put that money into assets offering higher returns.

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Bloomberg Technology<\/a><\/h2>

LuxExperience CEO on Luxury Retail Customer Resiliency<\/a><\/h4>
Sep 17 2026<\/h6>Michael Kliger, CEO of LuxExperience, said the luxury market is becoming increasingly polarized, with affluent customers continuing to spend heavily while middle-class shoppers pull back under inflationary pressure. He said the company is less concerned about total active customers, which are around 900,000, than about growing the small group of top customers that generate a disproportionate share of sales. He speaks with Romaine Bostick on \"The Close.\" (Source: Bloomberg)

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Anthropic Says Claude Drives 26% of Its Research and Development<\/a><\/h4>
Sep 17 2026<\/h6>More than a quarter of Anthropic PBC\u2019s research and development work for artificial intelligence is driven by its Claude chatbot, according to the company, providing the clearest indication yet that AI can help speed up development of future models.

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Amazon Says AI Models Should Be Released When \u2018Ready and Safe\u2019<\/a><\/h4>
Sep 17 2026<\/h6>Amazon.com Inc. said artificial intelligence models should be released only after rigorous testing, weighing in on the debate about the pace of AI development after top labs called for a slowdown following safety lapses.

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UN Must Unlock Its Doors to AI Industry: UNGA President<\/a><\/h4>
Sep 17 2026<\/h6>United Nations General Assembly president Khalilur Rahman speaks with Bloomberg's Romaine Bostick. This week United Nations Secretary General said nations must coordinate global efforts to regulate AI, echoing calls for closer monitoring of the technology after warnings from leaders of the world\u2019s top firms. The comments come days before world leaders descend on New York for the UNGA\u2019s annual high-level week. (Source: Bloomberg)

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will.i.am on Personal AI Agents, Fundraising Efforts<\/a><\/h4>
Sep 17 2026<\/h6>Grammy-Award winning artist will.i.am sits down with Bloomberg's Romaine Bostick from Dreamforce to discuss his efforts to develop personal AI agents for college students, and the fundraising efforts around his company, FYI.AI (Source: Bloomberg)

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Palantir CEO Says AI Firms Responsible for Their Own Actions<\/a><\/h4>
Sep 17 2026<\/h6>Palantir Technologies Inc. Chief Executive Officer Alex Karp said developers of artificial-intelligence systems need to be held liable for their own work as opposed to depending on government regulation.

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SpaceX May Buy Data From Failed Startups for AI Models<\/a><\/h4>
Sep 17 2026<\/h6>Elon Musk\u2019s SpaceX has held internal discussions about buying customer and operational information from troubled or defunct\u00a0startups, according to people familiar with the matter. That data could help improve its artificial intelligence models. Ed Ludlow reports. (Source: Bloomberg)

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Four Big Deals That Reveal the State of Podcasting<\/a><\/h4>
Sep 17 2026<\/h6>New ventures involving \u2018Giggly Squad,\u2019 NPR, Steven Bartlett and Serial Productions have set the podcasting world atwitter

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