global finance

External Affairs Minister S. Jaishankar has warned that India and the world face an approaching crisis spanning energy, food, fertiliser and finance. He cautioned that major grain exporters may be unable to ship supplies out of the Black Sea, raising the risk of a global food shortage. The remarks, highlighted by Congress leader Supriya Shrinate, drew wide attention, with critics framing the warning as a panic signal from the government.

Saudi Arabia has withdrawn from mBridge, the cross-border digital currency project backed by the Bank for International Settlements that aimed to enable central banks to settle payments without the dollar. Commentators argue the move shows the limits of efforts to build alternatives to dollar-based finance, with Riyadh prioritising its currency peg and close financial ties to the United States over BRICS-style de-dollarisation ambitions.

A Nepali activist addressed a rally outside the United Nations, calling for climate justice in the wake of glacier floods in Nepal that reportedly killed thousands. The speaker argued that countries like Nepal, which contribute little to global emissions, suffer disproportionately from climate-driven disasters, and urged wealthy nations to take responsibility. The remarks come amid mounting pressure at the U.N. for stronger climate financing and loss-and-damage commitments to vulnerable mountain nations.

Sportico has released the programme for its Invest London event, featuring a line-up of global sports leaders. The agenda brings together executives and investors from across the sports industry to discuss business, finance and growth in the sector. Details of specific speakers and sessions were not included in the announcement.

Global Finance examines who is financing Asia's rise, asking which institutions, governments and investors are behind the capital flows shaping the so-called Asian Century. The piece spotlights the role of development banks, sovereign funds and regional lenders in bankkeeping infrastructure and growth across the continent, a question gaining urgency as global capital patterns shift.

The Wall Street Journal reports that a 94-year-old restaurant supply magnate is assembling one of the largest family offices in the world, managing his fortune and investments. The profile highlights how the billionaire's wealth, built over decades in food service supply, is being organized into a formal investment vehicle, drawing attention to the growing scale and influence of family offices in global finance.

Hedge funds now hold a record 7% of the $30 trillion US Treasury market, according to a new report. The figure highlights how heavily leveraged funds have become major players in government debt trading, often through basis trades that exploit small price differences between Treasuries and futures. Analysts are watching the growing share closely, since rapid unwinding of such positions could add volatility to a market that underpins global finance.

Yahoo Finance Singapore continues to serve as a major destination for live stock market data, quotes, and business and finance news covering Asian and global markets. Investors and market watchers rely on the platform for real-time updates on equities, currencies, and economic developments affecting the Singapore and broader Asia-Pacific region.

Japanese advertising giant Dentsu is expanding into Hollywood, backing the upcoming animated film 'Angry Birds 3' as part of a broader push into entertainment production and film financing. The move signals the agency's ambition to move beyond advertising into global content, with more projects expected beyond the Angry Birds franchise.

Gulf investors are increasingly looking toward Libya and Algeria as potential destinations for capital, according to Global Finance. The shift suggests interest in North African markets as Gulf funds and companies seek new opportunities beyond their traditional focus areas, with both countries offering untapped sectors for investment.

The Bank of Korea plans to purchase one ton of gold in December, according to reports circulating in global financial media. The move would add to the central bank's gold reserves at a time when many monetary authorities worldwide have been steadily increasing their bullion holdings. Details on the price, financing, or the bank's broader reserve strategy have not been disclosed.

Kakao is moving beyond piloting a won-pegged stablecoin and is building a consortium with KB Kookmin Bank aimed at making it South Korea's de facto digital payment standard. The tech giant is reportedly inviting global banks into a collaborative roundtable, leveraging its large user base to push the project forward.

Uzbekistan is developing a financial hub as it competes to position itself as Central Asia's leading destination for foreign investment. The move puts the country in direct competition with neighbours such as Kazakhstan, long the region's financial centre, as global investors show growing interest in Central Asian markets.

Sibos 2026, the global financial services industry conference, opened with artificial intelligence dominating the conversation. Global Finance's conference journal reports that AI is the real star of day one, with the technology overshadowing traditional topics like payments and compliance on the agenda. Attendees and industry commentators are focused on how banks are deploying AI in operations, risk and customer service.