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Biden Brings Silicon Valley and Wall Street Infrastructure Giants to G7 Summit
The 2024 G7 Summit was held in Borgo Egnazia, Fasano, Puglia, 13 – 15 June 2024. The CEOs of Microsoft (MSFT), BlackRock (BLK), and Brookfield (BAM) were invited to join the inter-governmental event for the first time, and committed to invest $ billions in “net new money” in Asia and Africa alongside the Partnership for…
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AI in Finance: Innovation, Entrepreneurship vs. Over Regulation … Why the EU’s Artificial Intelligence Act Won’t Work as Intended
In this exclusive interview with European Pensions magazine, Nicolas Firzli, founder, World Pensions Council, looks at the notion of “AI in finance” from the overlapping perspectives of institutional investors, pension savers and policy makers … The European Parliament seems particularly proud of having passed the ‘first-ever legal framework on AI’, as if over-regulation on the…
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Manama Summit Shows Self Assertive Arabian Gulf: Saudi and Emirates focus. on Geo Economics & “Tech Leapfrog”
The recent Bahrain Summit of the Arab League came at a critical juncture, when the Israel/Gaza, Russia/Ukraine, China/US hot and cold war(s) seem to be “intensifying simultaneously” (Firzli) The Arabian Gulf’s newfound self-assertiveness was on full display in Manama, with Saudi and Emirates policy makers insisting on the need for “Pan Arab economic and industrial…
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Biden Steps-Up “Cold War 2” focus. on AI & Chips $ While Xi Expands EU Beachhead
Biden steps-up “Cold War 2”, focusing on new AI and advanced semiconductor foundries, while Xi Jinping expands New Silk Road industrial beachheads in the Balkans (Belgrade) and Budapest Maher-Nicolas Firzli, co-chair, City of London Investment Summit, discusses these key issues with Alaa Joudi, Asharq News with Bloomberg, focusing on the US Department of Commerce abrupt…
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Xi Visits EU, France, Hungary & Serbia as US–China Race Accelerates Across Markets, Geographies and Industries
Chairman Xi Jinping’s week-long visit to France, Hungary and Serbia happens on the “triple backdrop” of the Ukraine-Russia and Gaza-Israel wars and the intensifying geoeconomic rivalry with the United States . . . The Chinese leader is likely to make important announcements in Belgrade and Budapest later this week, focusing on tech, AI and transportation…
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Biden’s Infrastructure Bill and Pension Funds: An Ambitious $3 Trillion Action Plan on the Presidential Campaign Trail
Earlier today, the White House announced that President Biden would spend the next four days in his native Pennsylvania, thus leaving Washington DC conspicuously at the start of the IMF — World Bank Spring Meetings, which coincide with the start of Donald Trump’s televised “hush-money” trial in New York The “double symbolics” couldn’t be clearer.…
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World on Edge As “Global Proxy” War Threatens to Disrupt Shipping and Energy
Greenwich Forum founder Maher Nicolas Firzli joined Asharq News with Bloomberg for an exclusive interview focusing on the economic and financial fallout from the latest round of Israeli Iranian tit-for-tat (“choreographed crisis”) As much as the Iranian regime’s response to the the April 1st consulate attack seems staged and “telegraphed” in the eyes of Biden’s…
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China Inc.’s Investment in Saudi Arabia Rise +900% YoY Reshaping ME Tech, Tourism and Sustainable Finance
As forecast by World Pensions founder Maher-Nicolas Firzli (Asharq News w/ Bloomberg, Euromoney ECR), “China Inc.” has become the leading provider of foreign direct investment (FDI) in the Kingdom of Saudi Arabia, raising its stake by a whopping +900% year-over-year. Chinese companies added approx. $ 17. bn of new investments in the kingdom in 2023,…
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Gold Hits New Highs, as Asian, GCC, US, EU Pension Investors Raise Allocation
A year ago (Jan. & Feb. 2023), in a series of interviews with Asharq News with Bloomberg and BBC News (Asia), World Pensions and Singapore Forum founder Nicolas Firzli predicted that “large public pension funds and sovereign wealth institutions would step-up their allocation to gold in the next 12 to 15 months, as the dual…
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Oil Price Heading to $ 100 as Biden Campaign Puts Emphasis on “Green Growth” and Containment of “Eurasia” and the Middle East …
in this exclusive interview with Asharq News with Bloomberg (28 March 2024), Royal Greenwich Forum founder Maher Nicolas Firzli looks at the geo-economic dynamics behind JP Morgan (and Morgan Stanley’s) recent upgrade to their “target price” for oil (Brent) and oil stocks for the second semester of 2024 Russia’s planned productions cuts (500,000 bpd announced…