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Retirees fear running out of money. Many are spending too little instead

When people think of how much to save for retirement — and, subsequently, how to spend that money wisely in older age — many worry about the risk of running out of money early. They fear the possibility of overspending. But there's another less-appreciated danger, too, according to financial experts: The risk of underspending one's nest egg.

CNBC 2d ago

UK-China ‘ice age’ thaws: Why the West needs Beijing

UK-China ‘ice age’ thaws: Why the West needs Beijing British Foreign Secretary Yvette Cooper hails ‘candour and respect’ in new ties with Beijing, despite differences. Eight years after a British prime minister and foreign secretary made back-to-back visits to China, the Keir Starmer government is once again trying to reset relations with Beijing after a long period of what Starmer had in January described as an “ice age” in relations. Prime Minister Starmer went to Beijing in January, and...

Al Jazeera 7d ago

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives? A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise.

Channel News Asia 2d ago

SoftBank’s OpenAI bet and rising debt are raising liquidity crunch concerns

SoftBank's ascent to becoming Japan's most valuable company has put the spotlight on the conglomerate, raising questions whether it is taking on too much risk through its highly leveraged bet on artificial intelligence. Shares of the Japanese technology investment giant, led by founder Masayoshi Son, have surged about 70% this year on investor enthusiasm over AI, buoyed by the soaring valuation of chip designer Arm Holdings and expectations that OpenAI could see a blockbuster initial public...

CNBC 6d ago

Trump’s $10 billion BBC lawsuit hits a wall over missing financial records

Trump’s $10 billion BBC lawsuit hits a wall over missing financial records Trump initiated the lawsuit, alleging the publicly funded BBC defamed him by selectively splicing together parts of a January 6, 2021, speech to make it appear that he directed supporters to storm the U.S. Capitol - Bookmark - CommentsGo to comments Donald Trump's legal team has reportedly declined to provide crucial financial information sought by BBC lawyers in his $10 billion defamation lawsuit against the British...

The Independent World 5d ago

GDP rose 7.7% in FY26, 7.8% in Q4; RBI trims this year's projection to 6.6%

The Indian economy grew 7.8% in the Jan-March quarter as strong investment, sustained farm production and expansion of the construction and tertiary sector led to a robust demand, offsetting the anticipated adverse impact of the conflict in West Asia. Data released by the National Statistics Office (NSO) Friday with the revised 2022-23 base year estimated 2025-26 growth at 7.7%, compared with 7.6% in the second advance estimates released in Feb. This is comparably higher than the 7.1% growth...

Times of India 4d ago

Beyond the bull run: Why affluent Indians are investing in premium homes

After years of relying on equities to build wealth, many of India's affluent investors are now putting more money into premium residential real estate as they look for stability and long-term value amid volatile markets. Industry experts say that wealthy investors are increasingly treating premium housing as an important part of their investment portfolios, alongside equities, gold, fixed-income products and other assets. The shift reflects a broader change in how real estate is being...

Times of India 3d ago

Donald Trump faces major financial probe as war with BBC steps up

Donald Trump faces major financial probe as war with BBC steps up Trump and his lawyers are fighting a major move from the BBC after seeking billions in damages from the broadcasters, which lawyers have accused of deceptively editing a Panorama episode Donald Trump's ongoing war with the BBC could see the US President subject to a major financial probe, which his legal team is trying to fight. Trump has launched a $10 billion (£7.49 billion) lawsuit against the UK national broadcaster over...

Daily Mirror 4d ago

India's GDP stays robust in January-March as domestic demand offsets external weakness

India's GDP stays robust in January-March as domestic demand offsets external weakness NEW DELHI, June 5 : India's economy grew an unexpectedly strong 7.8 per cent year-on-year in the January-March quarter, the government said on Friday, as robust private investment, farm output and construction activity offset the early impact of the Middle East conflict. The print, the second in an updated data series with a revised base year and wider coverage, was well above a forecast of 7.2 per cent...

Channel News Asia 5d ago

Student loans crisis ‘comparable to PPI scandal’, education tsar suggests

Student loans crisis ‘comparable to PPI scandal’, education tsar suggests This year has seen rising criticism of the student loans system after the chancellor announced at the autumn 2025 budget the repayment threshold would be frozen for three years - Bookmark - CommentsGo to comments The situation facing graduates with student loans is comparable to the Payment Protection Insurance (PPI) scandal, the previous chair of a government review into Post-18 education has suggested. Giving...

The Independent UK 8d ago