Latest news with #economicforum
Yahoo
2 days ago
- Business
- Yahoo
‘It Is Going to Happen': JPMorgan CEO Jamie Dimon Warns of Crack in the Bond Market
JPMorgan Chase CEO Jamie Dimon warned of a crack in the bond market and said the U.S. should be stockpiling military equipment instead of Bitcoin at an economic forum on Friday. Dimon, who was interviewed on stage at the Reagan National Economic Forum in Simi Valley, Calif., prompted some market jitters during Friday's sideways trading session. Asked if he thought so-called 'bond vigilantes' that sell U.S. Treasuries due to worries about growing deficits have returned, Dimon replied 'Yeah.'
Arab News
3 days ago
- Business
- Arab News
Meeting challenges, creating opportunities, sharing prosperity
Participants at the first Association of Southeast Asian Nations-China-GCC economic forum in Kuala Lumpur last week recognized the importance of strengthening cooperation to promote development goals and safeguard regional peace and prosperity. The forum was an important step forward in deepening practical cooperation. There was consensus on strengthening the partnership, advancing high-quality Belt and Road cooperation, and enhancing collaboration in areas such as connectivity, trade and economy, industrial and supply chains, agriculture, energy, and finance. The meeting also emphasized the importance of mutual learning among civilizations, closer coordination in multilateral frameworks, and joint efforts to promote integrated development. In his speech to the forum, Chinese Premier Li Qiang noted that if we drew a line on the world map connecting China, ASEAN and the GCC, we would create a large triangle — the most stable of structures. The forum marked not only a new milestone for emerging Asian economies in advancing regional integration, but also a significant endeavor by Global South countries to inject more positive energy into world peace and development. Geopolitical conflicts and confrontations are intensifying around the world. Protectionism and unilateralism are on the rise, decoupling practices, supply-chain disruptions and trade barriers are becoming more frequent. As a result, economic globalization is undergoing unprecedented shocks. In the face of these challenges, the three forum participants remain committed to deepening mutual trust and enhancing solidarity, expanding openness and removing barriers, sharing resources and empowering one another. By doing so, they can jointly create long-term strategic opportunities, vast market opportunities, and opportunities for transformation and upgrading. Such cooperation based on equality and mutual benefit, openness and inclusiveness, pragmatism and efficiency, will contribute to the international community's common efforts to uphold multilateralism and free trade. China will work with ASEAN and GCC countries to step up communication and coordination in mechanisms including the UN, vigorously defend the common interests of developing countries, categorically oppose hegemonism and power politics, and make global governance more just and equitable. China, ASEAN and the GCC account for roughly a quarter of the world's population and economic output. Our markets, if fully connected, will generate even greater space for development and more substantial economies of scale. China and ASEAN are each other's largest trading partners, while economic and trade cooperation between China and GCC countries continues to deepen, with expanding collaboration in areas such as energy, infrastructure, and high-tech industries. Looking ahead, as cooperation continues to deepen, China will actively advance the alignment of the Belt and Road Initiative with the development strategies of ASEAN and GCC countries. The resulting continuous growth in trade and investment will strongly support national development and enterprise growth across all sides. The smooth flow of production factors and enhanced industrial coordination will significantly boost the competitiveness and resilience of their economies, as well as their strength and standing in the global innovation landscape. The China–ASEAN–GCC framework is poised to become one of the most dynamic poles of global economic growth. More than 2,000 years ago, the earliest camel caravan from China reached the Middle East, and the first Chinese fleet landed in Nanyang: from the ancient Silk Road to the Belt and Road Initiative, China, ASEAN and GCC countries have a long history of friendly interactions, and more importantly, answered the call of the times. They are home to diverse and vibrant civilizations, and share the Asian values of peace, cooperation, openness, and inclusiveness. It is essential to promote deeper people-to-people exchanges to further strengthen the foundation of mutual trust, effectively manage differences through mutual understanding, and foster mutually beneficial cooperation through the exchange of ideas and wisdom. We in China are ready to work with ASEAN and the GCC to implement the Global Civilization Initiative, promote mutual learning among civilizations, create more consensus and pool our strengths for peace and development. Premier Li Qiang said at the summit that China would extend unilateral visa-free access to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain for a one-year trial, which will effectively give visa-free status to all GCC countries. It reflects China's confidence, inclusiveness, and openness, and demonstrates the country's broad-minded commitment to promoting people-to-people connectivity and mutual learning among civilizations. From June 9, 2025 until June 8, 2026, ordinary passport holders from Saudi Arabia will be eligible to enter China visa-free for business, tourism, family visits, cultural exchanges, or transit, for stays of up to 30 days. As the Chinese saying goes: 'Is it not a joy to have friends coming from afar?' We warmly welcome more Saudi friends to seize the opportunity brought by the visa-free policy and embark on a spontaneous journey to China — to explore the vast and diverse landscapes, to savor the rich variety of regional cuisines, to make friends with the warm and hospitable Chinese people, and to experience the prosperity and dynamism of modern China. • Chang Hua is China's Ambassador to Saudi Arabia. X: @AmbChangHua
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Jamie Dimon on How to Keep Spirit of DOGE Going
By Joseph Pisani JPMorgan Chase CEO Jamie Dimon said there's a way to keep the spirit of DOGE, the group headed by billionaire Elon Musk to slash spending, going after Musk leaves. Dimon says every government department that takes tax dollars from Americans should release an easy-to-read annual report on where the money went. "If government doesn't demonstrate its competency, the underpinning of being a civil citizen doesn't work," said Dimon at an economic forum broadcast on CNBC Friday. "They think we're stealing their money."
Malay Mail
6 days ago
- Business
- Malay Mail
Anwar urges business leaders to seize Asean-GCC-China Summit momentum
KUALA LUMPUR, May 28 — Business communities, corporate leaders and industry captains across Asean, the Gulf Cooperation Council (GCC) countries, and China should seize the momentum created by the successful conclusion of high-level deliberations at the Asean-GCC-China Summit, Prime Minister Datuk Seri Anwar Ibrahim said today. Speaking at the inauguration of Asean-GCC-China Economic Forum here last night, Anwar said that political leaders of the trio had done their part by ensuring policy clarity and regional stability, and it was now up to the private sector to act decisively. 'Because we have given our support, policies, there is clarity of policies. Now, you need to ensure that we benefit from this clear sounding position of the political leadership and clarity of economic policies. 'So, I look forward to this Fortune Asean-GCC-China Summit. Because we want to see results and it is your duty now to act and ensure that our countries benefit from one another. 'So much synergy, so much collaboration required and so much hope to fulfil the aspirations of our countries,' Anwar said. Also present to officiate the opening ceremony was China's Premier Li Qiang. Others in attendance were Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi, Foreign Minister Datuk Seri Mohamad Hasan, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Transport Minister Anthony Loke, Home Minister Datuk Seri Saifuddin Nasution Ismail, Health Minister Datuk Seri Dr Dzulkefly Ahmad and Perak Menteri Besar Datuk Seri Saarani Mohamad. Among others present here were Minister of State for Foreign Trade of the United Arab Emirates Dr Thani Ahmed Al Zeyoudi; Saudi Minister of Investment, Khalid Abdulaziz Al-Falih; Vietnam Prime Minister Pham Minh Chinh and Timor-Leste's Minister of Commerce and Industry, Filipus Nino Pereira. Meanwhile, Anwar, who is also the Finance Minister described the Asean-GCC-China Summit outcomes as a 'testimony' to Malaysia's and Asean's position of centrality, effective engagement and strong commitment to economic fundamentals. He noted that Asean leaders had shown vision and resolve in addressing and overcoming even the most sensitive issues during the summit, reaffirming Asean's independence, unity and strategic relevance. The Prime Minister highlighted Asean's growing partnership with the GCC, which he described as a 'dynamo' of the Middle East, citing its resilience, energy strengths, and leadership in digitalisation and artificial intelligence (AI). Anwar also thanked those from GCC who have decided to join in this venture and work together as a new formidable team. 'Plus the fact that China has proved without doubt the capacity to effect change in the economy, in technology, in its attempt to showcase to the world that united we stand and we focus on what is important to humanity at large. That is justice, fairness to one and to all,' he added. The Asean-GCC-China Economic Forum 2025 was held in conjunction with the 46th Asean Summit, the 2nd Asean-GCC Summit, and the inaugural Asean-GCC-China Summit. Themed 'Inclusivity and Sustainability', the meetings mark Malaysia's fifth time as Asean Chair.
Bloomberg
22-05-2025
- Business
- Bloomberg
Startups on the Rise: Africa's Bold New Voices
Owusu Akoto, CEO, FreezeLink; Chilufya Mutale-Mwila, Co-Founder & Chief Visionary Officer, eShandi; and Dennis Mwangi, Managing Partner, Thalia Psychotherapy spotlight African startups worth watching and how innovation across the continent is addressing critical needs and creating new opportunities with Bloomberg's Jennifer Zabasajja at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
