Author: Journalist

Michael Douglas has accused Silicon Valley of “dumbing down” the movie business. The 80-year-old actor has enjoyed a hugely successful career in Hollywood, winning a host of accolades over the years — but Michael believes streaming services have had a negative impact on the film industry in recent times. He said at the Red Sea Film Festival in Jeddah, Saudi Arabia: “The biggest change in my lifetime and career has been digital.” Michael noted that in the 1970s, filmmakers had much more control over the production process. The actor — who is married to movie star Catherine Zeta-Jones — reflected: “It’s…

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 December 2024 – Artificial intelligence is transforming trading, delivering unprecedented power in data analysis, pattern recognition, and decision-making. However, around 40% of traders hesitate to fully trust AI-driven decisions as they fear losing control over critical trading outcomes. Kar Yong Ang, financial markets analyst at Octa Broker, explores how traders can harness the power of AI while maintaining control and avoiding excessive intervention. Real Advantages of AI in Trading AI enables traders to process massive datasets quickly and efficiently. For example, machine learning algorithms analyse historical price data, market sentiment, and…

Private banks expand offerings to meet changing client demands.   For 10 consecutive years, Global Finance has recognized the leaders and visionaries in the private banking industry through our World’s Best Private Banks awards. While private banking’s core mission of managing the world’s fortunes with a focus on the long-term, intergenerational aspect of wealth planning has remained unchanged throughout this journey, the same cannot be said about the industry’s offerings, which have grown immensely more sophisticated and individualized. Catering to the needs of the affluent today presents an entirely different challenge than 10 years ago. Supporting this transformation is a…

South-east Asia: Between the devil and the deep blue sea South-east Asia is in a tricky position when it comes to receiving climate finance as stipulated by COP29. On the one hand, Myanmar, the Philippines, Thailand, Vietnam and Cambodia were, until 2019, among the 20 countries most exposed to climate risks, according to the Global Climate Risk Index, which is published by non-profit organisation Germanwatch. But South-east Asia is expected to continue its fast economic growth, accompanied by more greenhouse gas emissions, noted Dr Kim Jeong Won, a senior research fellow at ESI. This growth has reclassified many Asean nations…

ENVIRONMENTAL, social and governance (ESG) investing continues to gain traction in Malaysia, with corporates striving to align with global sustainability trends. This is not surprising as a recent study by Maybank Investment Bank Group (MIBG) Sustainability Research finds a positive correlation between ESG performance and equity returns.The financial group’s analysis of ESG performance among 114 Malaysian companies, representing about 70% of the nation’s market capitalisation, finds both progress and challenges in corporate sustainability efforts, with implications for investors seeking opportunities in a rapidly evolving market. Source link

A sudden infusion of $30 million into Donald Trump’s nascent cryptocurrency venture from a Chinese billionaire sued by the Securities and Exchange Commission for allegedly defrauding investors could potentially deliver an eight-figure payday to a company associated with the president-elect.The investment has sparked new concerns about Trump’s ability to potentially profit from foreign investors, and his positions on cryptocurrency following a presidential campaign in which he vowed to make the United States “the crypto capital of the planet.”Justin Sun — a cryptocurrency billionaire famous in part for his purchase of a $6 million banana art piece last month — announced…

The Dow Jones Industrial Average dropped slightly while the Nasdaq showed respectable gains to close out the trading week Friday. Some bitcoin stocks rebounded with the rise in the cryptocurrency while a voice technology stock backed by Nvidia (NVDA) soared yet again on the stock market today. The Nasdaq finished near session highs with a 0.9% gain and set a new record close in the process. The tech-heavy index is closing in on the 20,000 mark. Also in the black was the small-cap Russell 2000, which trimmed its gains to 0.4% as the index tried to reclaim Thursday’s losses. The…

Particularly for legacy businesses grappling with succession issues, Entrepreneurship Through Acquisition (ETA) helps ensure continuity, not just in operations but also ethosSINGAPORE stands at a crossroads. Built on the entrepreneurial grit of first and second-generation business owners, many iconic brands and family-run businesses now face a looming challenge: succession. A growing number of business owners – once the architects of Singapore’s economic miracle – are reaching retirement age. Yet, for many, finding someone to “take over” their legacy is proving elusive.This issue isn’t new, but the urgency underscores the importance of Entrepreneurship Through Acquisition (ETA) – a practical pathway enabling aspiring…

As someone involved in cryptocurrencies early in the game, you would speculate that I’m now a billionaire. Yes, I did invest in bitcoin in 2013 when it was just $60. Now, it’s hovering around the $100,000 per bitcoin mark (and ETH just broke $4,000). Congrats if you made the investment ten years ago. Nevertheless, during that ride – and it has been a ride – cryptocurrencies have rapidly risen and just as rapidly crashed. Add on to this the number of scammers and gamers in this sphere, and it is not the most comfortable space. It is why I have…

A wallet linked to the Polygon founder has been moving a huge amount of POL tokens to Binance, and people are starting to think there might be a potential price drop soon since the crypto has been rising fast in value for a while now. According to an X post shared by Onchain Lens today, a wallet address with tag “0x883…654332” moved 10 million POL tokens (worth nearly $7 million) to Binance.  This wallet seems to have been active for a while. Three weeks ago, it received 20 million POL tokens worth over $8 million from Polygon and moved them…