Over the wall 📶
Learning form others: Hedge funds in Asia are imitating global giants like Citadel and Millennium Management by charging clients additional fees to cover costs.
Bad report: The US Pentagon got a poor scoring audit for a sixth straight year.
Expanding out: Announced in November 2023, Nasdaq might be expanding into fintech after a recent $10.5 billion acquisition of Adenza.
Need more support: According to the UNEP, $366 billion is projected of what’s needed for adaptation projects every year.
Buying candy: Mars (US candy company) agreed to buy Britain’s Hotel Chocolat for £534 million.
Looking ahead: Consumers may find pricey groceries in 2024.
Plastic reminder: The United Nations estimates 430 million tons of plastic are produced each year.
Population forecast: The Gulf Cooperation Council’s population is expected to grow from 59 million today to an estimated 84 million by year 2100.
War time: In November 2023, Gaza health officials reported that Israel has killed more than 11,000 Palestinians (1/200 residents of Gaza).
Metal standards: Indonesia plans to introduce nickel tracing and push local producers to reach global mining standards to help secure a deal with the likes of the US.
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