Philippines Accuses China of Conducting Illegal Marine Research
The Philippine Coast Guard said four Chinese vessels were conducting illegal marine scientific research in its waters and threatened to deploy aircraft and boats to repel them.
South African Wine Estates Become Focus for Global Buyers
Global investors are pouring money into commercial wineries in and around Cape Town, even as wine sales slow worldwide. French, German, and Norwegian consortiums are buying into one of the few wine-producing regions where vineyard prices are still climbing. Bloomberg’s Jennifer Zabasajja reports. (Source: Bloomberg)
Vietnam Inflation Quickens as Iran War Raises Energy Costs
Vietnam’s inflation picked up more than expected in April, as a surge in global energy prices driven by the Iran war began feeding through to transport and input costs.
Philippines Says Thousands Evacuated as Mayon Volcano Erupts
The Philippines said on Sunday that thousands of people have evacuated the area south of Manila after Mayon Volcano erupted, and authorities advised the public to stay out of the six-kilometer radius danger zone.
Japan’s Katayama Declines to Comment on FX Intervention For Now
Japanese Finance Minister Satsuki Katayama declined to comment if authorities intervened to support the yen last week, after reports said they had entered the market for the first time since 2024.
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‘We’re all worried the honey pot will run dry’: Does the U.S. government borrow from my Social Security to fund federal programs?
There are many suggestions floating around Washington D.C. on how to fix the program’s imminent funding issues.
Finland Must Continue to Consolidate Public Finances, Rehn Says
Finland can no longer avoid or delay dealing with its growing public debt, Bank of Finland Governor Olli Rehn said.
India’s Woes Bigger Than Any One Political Figure, Amitav Ghosh Says
“The problem for India goes beyond any one political figure.” Amitav Ghosh tells Mishal Husain that India is struggling to find its role in the world amid continental competition from China, Russia and Iran. (Source: Bloomberg)
Inside the Booming Market for Dinosaur Fossils
Why fossils are selling for millions to wealthy collectors.
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Odd Lots: Inside a Booming Market for Dinosaur Fossils (Podcast)
Two years ago, Citadel’s Ken Griffin paid almost $45 million or a stegosaurus skeleton, making it the most expensive fossil ever sold at auction. So why are dinosaur bones joining the collections of millionaires instead of museums? How does the private market for fossils actually work? And how similar is it to the market for art and other antiquities? In this episode, we speak with Salomon Aaron, a director at London-based gallery David Aaron, where he is the gallery’s in-house broker for dinosa