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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

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The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

1

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

2

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

Asia

Asia

Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates

Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates

Mokha is one of the main ports under Yemen’s internationally recognized government, renovated in recent years to handle shipping that avoids the Houthi-held ports in Hodeida.

By The Associated PressAugust 9, 2026

China’s export engine is cooling—but high-tech demand isn’t.

China’s export engine is cooling—but high-tech demand isn’t.

By Elaine Kurtenbach and The Associated PressAugust 7, 2026

A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman

Iran says agreement on Hormuz shipping reached with Oman

By Bloomberg and Eltaf NajafizadaAugust 7, 2026

Photo of Trump and Takaichi shaking hands

Yen jumps after U.S. data as traders watch for intervention clues

By Bloomberg, Mia Glass and Naomi TajitsuAugust 7, 2026

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

By Guy WolfAugust 6, 2026

Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%

Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%

By Angelica AngAugust 6, 2026

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Senate candidate Abdul El-Sayed says he got advice from Barack Obama and had a ‘really warm and inspiring’ conversation

Senate candidate Abdul El-Sayed says he got advice from Barack Obama and had a ‘really warm and inspiring’ conversation

By Will Weissert and The Associated PressAugust 9, 2026

Mysterious drone flights continue plaguing Europe after an explosive-laden drone was found at a German airport used to support Ukraine

Mysterious drone flights continue plaguing Europe after an explosive-laden drone was found at a German airport used to support Ukraine

By Stefanie Dazio and The Associated PressAugust 9, 2026

Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says

Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says

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Pentagon tells defense execs to submit plans in 3 weeks to boost weapons production dramatically. ‘Years-long development cycles are not acceptable’

Pentagon tells defense execs to submit plans in 3 weeks to boost weapons production dramatically. ‘Years-long development cycles are not acceptable’

By The Associated PressAugust 9, 2026

Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises

Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises

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Andrew Feldman, Co-Founder and CEO, Cerebras Systems

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ireland

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More AsiaPage 51 of 71

Tim Rosenfield, co-founder and co-CEO of Sustainable Metal Cloud Moderator (center) and Seth Dobrin, a venture capitalist and former global head of AI at IBM (right).

IBM’s former head of AI says Big Tech needs to end arms race in LLMs to ditch its carbon backpack

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Nobel-winning microcredit pioneer Muhammad Yunus should lead caretaker Bangladesh government, student leaders say

Nobel-winning microcredit pioneer Muhammad Yunus should lead caretaker Bangladesh government, student leaders say

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Evergrande’s liquidators want to claw back $6 billion from 7 defendants, including founder Hui Ka Yan and his ex-wife

Evergrande’s liquidators want to claw back $6 billion from 7 defendants, including founder Hui Ka Yan and his ex-wife

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Meta apologizes for taking down Malaysia Prime Minister Anwar Ibrahim’s post offering condolences to an assassinated Hamas leader

Meta apologizes for taking down Malaysia Prime Minister Anwar Ibrahim’s post offering condolences to an assassinated Hamas leader

By Lionel LimAugust 6, 2024

The Nikkei 225 index jumps almost 11% on Tuesday, one day after Japan’s worst stock plunge since 1987

The Nikkei 225 index jumps almost 11% on Tuesday, one day after Japan’s worst stock plunge since 1987

By Elaine Kurtenbach and The Associated PressAugust 6, 2024

How India’s fast-growing middle class propelled HDFC Bank into the Global 500

How India’s fast-growing middle class propelled HDFC Bank into the Global 500

By Nicholas GordonAugust 5, 2024

Asian markets are in meltdown as Japan erases all the gains from this year’s record-breaking stock rally

Asian markets are in meltdown as Japan erases all the gains from this year’s record-breaking stock rally

By Lionel LimAugust 5, 2024

Companies will need to close three gaps—value, confidence, and expertise—if they want to make AI useful

Companies will need to close three gaps—value, confidence, and expertise—if they want to make AI useful

By Lionel LimAugust 5, 2024

Samsung chips boss warns that firm risks getting caught in ‘vicious cycle’ because it’s ‘hiding or avoiding problems’

Samsung chips boss warns that firm risks getting caught in ‘vicious cycle’ because it’s ‘hiding or avoiding problems’

By Yoolim Lee and BloombergAugust 1, 2024

Investors have a ‘tough time’ with AI because it’s hard to tell ‘what’s a thin layer on top of what IBM is doing … and what’s truly valuable’

Investors have a ‘tough time’ with AI because it’s hard to tell ‘what’s a thin layer on top of what IBM is doing … and what’s truly valuable’

By Lionel LimAugust 1, 2024

China’s gig workers stress over their incomes as Baidu’s robotaxi fleet hits the streets

China’s gig workers stress over their incomes as Baidu’s robotaxi fleet hits the streets

By BloombergAugust 1, 2024

Cities no longer need to be rich to be smart as AI ‘levels out the playing field,’ urban experts say

Cities no longer need to be rich to be smart as AI ‘levels out the playing field,’ urban experts say

By David AustinAugust 1, 2024

China is banning the export of drones that can be used for military purposes or terrorism

China is banning the export of drones that can be used for military purposes or terrorism

By Huizhong Wu and The Associated PressAugust 1, 2024

AI will transform even the humble PC, tech leaders say, as the hardware story moves beyond just data centers

AI will transform even the humble PC, tech leaders say, as the hardware story moves beyond just data centers

By Lionel LimAugust 1, 2024

Educators are leveraging AI to make the job of teaching easier—and make it more than a way to cheat on homework

Educators are leveraging AI to make the job of teaching easier—and make it more than a way to cheat on homework

By David AustinAugust 1, 2024

Only an AI breakthrough can help humans live longer, argues drug developer: ‘We need a ChatGPT moment in longevity’

Only an AI breakthrough can help humans live longer, argues drug developer: ‘We need a ChatGPT moment in longevity’

By Christiaan HetznerJuly 31, 2024

Surviving the ‘AI winter’: Startups need to know ‘when to go into hibernation’ if they want to thrive

Surviving the ‘AI winter’: Startups need to know ‘when to go into hibernation’ if they want to thrive

By David AustinJuly 31, 2024

Singapore’s minister says AI is not the new oil—it’s way better

Singapore’s minister says AI is not the new oil—it’s way better

By Nicholas GordonJuly 30, 2024

Navigating cultural differences and digital-savvy customers will be key to scaling AI adoption in Asia, tech executives say

Navigating cultural differences and digital-savvy customers will be key to scaling AI adoption in Asia, tech executives say

By Lionel LimJuly 30, 2024

Can the rest of the world catch up to the U.S. and China on AI? ‘Make a virtue of your small size,’ experts say

Can the rest of the world catch up to the U.S. and China on AI? ‘Make a virtue of your small size,’ experts say

By Lionel LimJuly 30, 2024

AI can help bridge Southeast Asia’s 1,000 languages—but the work ‘has to be done by Southeast Asians’

AI can help bridge Southeast Asia’s 1,000 languages—but the work ‘has to be done by Southeast Asians’

By David AustinJuly 30, 2024

U.S. to give Philippines $500 million in military funding amid worries about China’s aggression

U.S. to give Philippines $500 million in military funding amid worries about China’s aggression

By Jim Gomez, Matthew Lee and The Associated PressJuly 30, 2024

Prada is building a huge Hong Kong store 4 years after shuttering its flagship there as luxury brands creep back

Prada is building a huge Hong Kong store 4 years after shuttering its flagship there as luxury brands creep back

By Shirley Zhao, Shawna Kwan and BloombergJuly 29, 2024

Asia’s rich flip the script on charitable giving: Instead of mega-foundations, they’re using their family companies

Asia’s rich flip the script on charitable giving: Instead of mega-foundations, they’re using their family companies

By Nicholas GordonJuly 28, 2024

How Singapore drives almost a third of U.S. chipmaker Micron’s revenue

How Singapore drives almost a third of U.S. chipmaker Micron’s revenue

By Lionel LimJuly 27, 2024

North Korean military spy indicted in conspiracy to hack American hospitals, NASA and U.S. military bases

North Korean military spy indicted in conspiracy to hack American hospitals, NASA and U.S. military bases

By Nick Ingram, Michael Goldberg, Heather Hollingsworth and The Associated PressJuly 26, 2024

Apple slips from the top 5 in China, as domestic brands take all the top slots for the first quarter in history

Apple slips from the top 5 in China, as domestic brands take all the top slots for the first quarter in history

By Lionel LimJuly 26, 2024

Japan is planning the biggest minimum wage hike since it set a pay floor in 1978

Japan is planning the biggest minimum wage hike since it set a pay floor in 1978

By Erica Yokoyama and BloombergJuly 25, 2024

AirAsia’s Tony Fernandes wants Microsoft compensation for the CrowdStrike outage: ‘If I delay my flight, you would come after me for a refund’

AirAsia’s Tony Fernandes wants Microsoft compensation for the CrowdStrike outage: ‘If I delay my flight, you would come after me for a refund’

By Lionel LimJuly 25, 2024

U.S. states are ordering their pension funds to sell their China investments: ‘They won’t get money from us. Not one penny’

U.S. states are ordering their pension funds to sell their China investments: ‘They won’t get money from us. Not one penny’

By David A. Lieb and The Associated PressJuly 25, 2024

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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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By Eva RoytburgAugust 8, 2026

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

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By Nick LichtenbergAugust 8, 2026

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

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By Sydney LakeAugust 8, 2026

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