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☆ The security pact between the US, UK, and Australia could be expanding, and it's got China worried
▼ + stars: | 2024-04-09 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

China said it is "gravely concerned" over reports that Japan could join the AUKUS security pact. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementChina's foreign ministry said it is "gravely concerned" over reports that Japan could join AUKUS, a security and defense pact between Australia, the UK, and the US. Japan needs to earnestly draw lessons from history and stay prudent on military and security issues," she added. Speaking at a news conference on Tuesday, Australia Prime Minister Anthony Albanese clarified that working with Japan wouldn't signal recruitment.

Persons: —, wasn't, Pilar, Aukus, Biden, Fumio Kishida, Mao Ning, Anthony Albanese, " Albanese, nothing's, There's Organizations: Service, US, Japan, White, China Morning Post, US Naval, Forbes, Australia, Reuters Locations: China, Japan, Australia

☆ Trump turns to his 'old cast' to raise millions for 2024 and the PAC paying his legal bills
▼ + stars: | 2024-03-25 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The hedge fund founder is hosting a splashy fundraising dinner for Trump April 6 at his house in Palm Beach, Florida. But Paulson is not the only GOP kingmaker who is privately gearing up to help Trump. "It's the old cast coming back together to take it across the finish line," said an advisor to one of Trump's bundlers. Many of these "old cast" members are business leaders who have been close to Trump for years. As for the money going to pay Trump's legal bills, at least some of the people attending the Paulson event don't seem to care.

Persons: Donald Trump, John Paulson, Mike Segar, Trump, Paulson, Republican megadonor Rebekah Mercer, Robert Mercer, Rebekah, Oliver Contreras, Rebekah Mercer, Todd Ricketts, Wilbur Ross, Small Business Administration Linda McMahon, Woody Johnson, Meredith O'Rourke, Susan Necheles, Brendan Mcdermid Organizations: Economic, of New, Reuters Veteran, CNBC, Trump, GOP, Republican, New York, The Heartland Institute, Washington Post, Chicago Cubs, Trump Commerce, Small Business Administration, Trump's, New York Jets, NBC News, Save America PAC, Republican National Committee, America, Former U.S, Reuters Trump Locations: of New York, Manhattan , New York, U.S, Palm Beach , Florida, Palm Beach, Trump, Washington ,, Trump's U.S, United Kingdom, Former, New York City

44% Share of fully remote and hybrid workers 29% 17% 9% High school or less Some college Bachelor’s degree Graduate degree 44% Share of fully remote and hybrid workers 29% 17% 9% High school or less Some college Bachelor’s degree Graduate degreeWho Still Works From Home? A graphic shows a grid of squares representing 143 million workers between 18 and 64. Roughly 80 percent of those work fully in person. Remote work also breaks down along gender lines — though it does not lend itself to a simple narrative. But those gains come primarily from fully remote work, not the hybrid model that has come to dominate some industries.

Persons: ’, it’s, “, ” Organizations: Gallup, College, Workers, Economic, Group, Employers Locations: United States, American

Hospitals in recent years have shifted their use of online technology to support everything from telehealth to medical devices to patient records. Brett Callow, an analyst for the cybersecurity firm Emsisoft, counted 46 cyberattacks on hospitals last year, compared with 25 in 2022. The dramatic increase in these online raids has prompted the nation’s top health agency to develop new rules for hospitals to protect themselves from cyber threats. The attacks can put hospitals’ networks offline for weeks or months, forcing hospitals to turn away patients. In Chicago, Lurie hospital’s network has been offline for two weeks.

Persons: —, John Riggi, Association’s, “, ” Riggi, Ann, Robert H, Lurie, Brett Callow, Emsisoft, ” Callow, Callow, ”, Andrea Palm, Palm, Jason Castillo’s, Castillo, ” Castillo, it’s, Kathleen Foody Organizations: WASHINGTON, Midwestern children's, American, Lurie Children’s Hospital of Chicago, FBI, of Health, Human Services, Health, HHS, Associated Press Locations: Midwestern, Russia, North Korea, Iran, Chicago

☆ To Save Museums, Fund Them Like Highways - The New York Times
▼ + stars: | 2024-02-10 | by ( Laura Raicovich | Laura Hanna | ) www.nytimes.com time to read: +1 min

Ask any workers in the nonprofit arts sector — maybe after they have had a few drinks — and they will tell you that arts funding in this country is a mess. But there’s a large chunk of the budget — usually about 40 percent — that involves infrastructure costs like keeping the lights on and paying the staff salaries. Yet it’s this gap in funding, this 40 percent, that’s too often threatening small and midsize cultural institutions across the country right now. There is a better way to fund the arts in America. It requires a leap of faith and creative cultural and political organizing to achieve a change in mind-set.

Organizations: Toledo Museum of Art, Oakland Museum of California, Queens Museum Locations: America

☆ As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: full repayment
▼ + stars: | 2024-02-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Lawyers representing the bankruptcy estate of FTX told a judge in Delaware last week that they expect to fully repay customers and creditors with legitimate claims. After the dust settled from FTX's bankruptcy, Solana saw a huge run-up in its price, and it continued to rally after the September report. The bankruptcy estate of FTX has been looking to sell its Anthropic stake, according to a court filing this month. For FTX customers, being made whole, according to a judge's ruling, means getting the cash equivalent of what their crypto was worth in November 2022.

Persons: Sam Bankman, Fried, FTX, Andrew Dietderich, —, Joseph Bankman, Barbara Fried, Brendan Mcdermid, John Ray III, Michael Kives, Braden Perry, FTX's, Ray, we're, It's, Solana, Lewis Kaplan, Elizabeth Williams, Michael Lewis, Lewis, IOUs, Perry, SBF, Renato Mariotti, Mariotti Organizations: Bankman, Federal Court, Reuters, K5 Global, SpaceX, Commodity Futures Trading Commission, CNBC, Alameda Research, U.S . Justice Department's Securities, Commodities, SEC Chari Locations: FTX, Delaware, Plenty, Palo Alto , California, New York City, U.S, Bankman, Solana, Alameda, FTX's, Anthropic, New York, Brooklyn

☆ Ukraine's experimental 'FrankenSAM' weapons reveal a huge gap in the US arsenal, military expert says
▼ + stars: | 2024-02-01 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

The US making experimental weapons reveals its lack of ground-based defenses, an expert told BI. AdvertisementUkraine's use of experimental "FrankenSAM" defense systems has highlighted gaps in NATO's own arsenals, according to a military expert. "The FrankenSAMs fill a critical gap" for Ukraine as its allies don't have enough ground-based air defenses to give it, Cancian told Business Insider. He said Ukraine desperately needs ground-based air defenses, with Russia launching major drone and missile strikes on cities and towns across the country. The Pentagon changed its strategy and embraced ground-based defenses again, Cancian said, but he described that realization as taking place "probably belatedly."

Persons: —, cobbling, Mark Cancian, Cancian, NASAMS, it's Organizations: US, Service, NATO, US Marine Corps, Center for Strategic, International Studies, Business, Russia, AP, Pentagon, US Navy, AIM, Getty Locations: Ukraine, Russian, Kyiv, Russia, North Korea, Iraq, Ukrainian, Crimea, China

☆ Ukraine and the US are mixing weapon systems that weren't built to play together to up Kyiv's defenses, and apparently they work
▼ + stars: | 2023-11-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

They've seen success in using US missiles with Buk-M1 systems and HARM missiles on Soviet fighter jets. AdvertisementWith its air defenses working overtime to defend against constant Russian strikes, Ukraine is working with the US to create new capabilities by cobbling together Western and Soviet systems that weren't built to play together. Reporting earlier this year indicated Ukraine had found ways to modify the Soviet Buk air defenses to fire the RIM-7. The US and its Western allies have offered Ukraine air defenses like Patriot batteries, IRIS-T, NASAMs, and Gepard anti-aircraft guns, but Ukrainian forces continue to operate a number of Soviet air defenses, the Buk and the S-300 being among the most prominent. AdvertisementThe new capability was promising for Ukraine and indicated future modifications to its Soviet systems could be made, like firing US missiles from Soviet Buk vehicles, which are self-propelled, mid-range surface-to-air missile systems.

Persons: They've, —, Yurii Ihnat, Ihnat, SAMs, Richard, Diana Quinlan, James Hecker, Theodore Roosevelt, Seaman Anthony N, Olaf Scholz, Germany Organizations: Soviet, Service, Ukrainian Air Force, Kyiv Independent, RIM, American AIM, New York Times, IRIS, Amphibious, NATO, Valiant, U.S . Navy, Pentagon, US Air Forces, US, Politico, Marines, Thunderbolts, Marine Fighter Attack, Radiation, Nimitz, Communication, AIM Locations: Ukraine, Soviet, United States, American, Russia, Europe, Taiwan, Russian, Crimea

Andy Beshear won reelection to Kentucky’s highest office Tuesday by improving upon the path to victory he carved in his successful 2019 bid. Political Cartoons View All 1237 ImagesAlso key to Beshear’s victory were the seven swing counties Trump won in 2020 with less than 60% of the vote. He won 10 of the 21 counties Trump won with 60% to 70% of the vote, up from 6 counties in 2019. He also prevailed in 11 of the 89 counties Trump won with more than 70% of the vote, up from nine counties in 2019. Twenty-one of the counties Beshear carried Tuesday were ones that he not only carried in 2019 but that his father also carried twice.

Persons: Andy Beshear, Beshear, Matt Bevin, cobbling, Donald Trump, Daniel Cameron, Cameron, Jefferson, Joe Biden, Biden, Franklin, Bevin, Steven Beshear, Ernie Fletcher, Andy Beshear’s Organizations: WASHINGTON, — Democratic, Republican, Democratic, Trump, Oldham, Kentucky Democrats, Beshear Locations: Fayette, Jefferson, Lexington, Louisville, Franklin County, Frankfort, Kenton, Warren, Kentucky

☆ Sam Bankman-Fried testifies he regrets not hiring a risk management team at FTX before it collapsed and led to criminal charges against him
▼ + stars: | 2023-10-27 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was asked on the witness stand if he hired a risk management team for FTX. He lamented the lack of a risk management team at FTX, a common refrain of his as he works to deflect blame from himself in the company's catastrophic collapse. "Did you have a risk management team at FTX?" But no, we didn't," Bankman-Fried replied. Bankman-Fried testified he worked between 12 and 22 hours per day and took off one day per month to keep up with managing the growth.

Persons: Sam Bankman, Fried, —, Jane Street, Mark Cohen, FTX, Lewis Kaplan, who's, Kaplan Organizations: FTX, Prosecutors, Service, Alameda Research, US Locations: Alameda

☆ Student loan payments are back. Here’s where some Americans are trimming their budgets
▼ + stars: | 2023-10-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +14 min

Student debt relief activists participate in a rally at the US Supreme Court on June 30, 2023 in Washington, DC. “Of course, the lowest-earning households still collectively owe around $7 billion a year in student loan repayments. After the Supreme Court dashed any hopes of loan forgiveness, more Americans started making loan payments before the official repayment period, as well as interest, kicked in. “It’s just all the supplemental spending, a lot of that will disappear so that we can make room for the [student loan] payments,” he said. Jonnisha McCleod was able to wipe out $12,000 of her student loan debt.

Persons: Minneapolis CNN —, they’re, ”, Justine Lyons, “, pesky, Lyons, — Lyons, Robin Nathan “ It’s, you’ve, it’s, Kevin Dietsch, Emerson Sprick, Biden, Sprick, Shannon Seery, Wells, ” Seery, Nancy Vanden Houten, Brian Snyder, Snyder, “ It’s, Megan Lopez, ” Lopez, you’re, Logan Ricketts, Jamie, they’ve, ” Logan, Jonnisha, ” McCleod, ’, McCleod, Jonnisha McCleod, I’m, “ I’m, Katrice Williams, Williams couldn’t, Edna Monroy “, Williams Organizations: Minneapolis CNN, National Student, Federal Reserve Bank of New, US, Biden, New York Fed, Coalition, Department of Education, Education Department, CNN, Oxford, Oxford Economics, SAVE, Cleveland State University College of Law, Trump Locations: Minneapolis, Decatur , Georgia, States, Federal Reserve Bank of New York, Washington , DC, Wells Fargo, Baltimore , Maryland, Las Vegas, Cedar Park , Texas, Omaha , Nebraska, undergrad, Cleveland , Ohio

☆ The EU is stuck with its one-trick refugee policy
▼ + stars: | 2023-10-09 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Barring an influx of younger people from Africa and Asia, the EU will become increasingly old, weak and irrelevant. Instead, the EU is focussing on stopping irregular migrants crossing the Mediterranean. To be fair, each EU country has procedures for dealing with migrants who arrive through legal routes. That’s a long way short of the height of the Syrian crisis in 2015, when about 1.8 million refugees crossed EU borders. The hope is that the Mediterranean countries will then process asylum seekers when they arrive - and the EU’s internal borders will stay open.

Persons: Giorgia Meloni, Marine Le, Italy don’t, Martinez, Peter Thal Larsen, Katrina Hamlin, Thomas Shum Organizations: Reuters, Eurostat, EU, Reuters Graphics, Italian, Centre, European, Bank, Thomson Locations: Africa, Asia, EU, Spain, Europe, Turkey, Libya, Tunisia, Egypt, Lampedusa, Tunis, West Balkan, United Kingdom, That’s, Germany, Austria, Poland, Italy, Hungary, Saharan Africa, Latin America

☆ Andrew Bialecki built Klaviyo into an email titan by breaking all the norms. Now he's taking it public as its largest shareholder.
▼ + stars: | 2023-09-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

Andrew Bialecki is preparing to take Boston startup Klaviyo public eleven years after founding it. Bialecki, who cofounded the marketing tech company in 2012, owns more than a third of Klaviyo, according to the company's recent S-1 filing. In the last eleven years, the 37-year-old has quietly built the hottest Boston startup you've never heard of. For comparison, HubSpot's Brian Halligan and Toast's Chris Comparato reported salaries of roughly $240,000 before taking their Boston startups public. Bialecki has also sold few shares of Klaviyo in inside rounds, according to two people familiar with the company's financials.

Persons: Andrew Bialecki, Jason Lemkin, Peter Walker, Klaviyo, Yankee frugality, Barry Chin, Ed Hallen, Hallen, Bialecki, Alexa von, TJ Mahony, he's, Elias Torres, Bootstrapping, Jon Karlen, Karlen, Mahony, Alex Clayton, frugality, HubSpot's Brian Halligan, Toast's Chris Comparato Organizations: Boston Globe, Getty, MIT's Sloan School of Management, Capital, Harvard University, Predictive Technologies, Fortune, Red Sox, Meritech Capital, Boston, Black, Patriots Locations: Boston, Coast, Bialecki, Washington, DC, Klaviyo, Braze, Miami

☆ The 16 Best Items to Add to Your Registry—and Where to Register
▼ + stars: | 2023-08-17 | by ( Erika Veurink | ) www.wsj.com time to read: +17 min

By Erika VeurinkA wedding registry is a couple’s chance to creatively express the kind of life you hope to create together. If you’re a bride or groom to be, you can easily add a link to these eye-catching utensils to your Zola registry. Add the link to the multipurpose pressure cookware to your registry on Zola, or shop it at Amazon or Walmart. Add this link to your Zola registry (and browse other local gift options) and your guests can send a wedding-week-pick-me-up or gift an ongoing subscription. And if you don’t know where to start, Bloomingdale’s wedding registry checklist will help you narrow down what you need.

Persons: Erika Veurink, Zola, ”, Maria Del Russo, servingware, Simone Silverman, Silverman, Del Russo, “, Margaux, Alexandra Daniel, Daniel, Dyson, Holly Liss Jammet, Jammet, Jones, Great Jones, Tricia Lowenfield, Sarah Swann, napkins Swann, Gregory Blake Sams, You’ll, you’d, Sams, Christolfe, Coffee, Anbouba, Neiman Marcus, Delaney Lundquist, she’s, Lundquist, Lily Sullivan, ” Sullivan, Hawkins, Food52, Sullivan Organizations: New, Margot Magazine, Designs, Zola, Elle, Walmart, ” Investment, ”, Farmers, tote, Courtland, Co, Target Locations: Zola, New York City, Florida, Italy, Flamingo, Los Angeles, Great, York, City, Charleston, S.C, Sur, Charlotte, N.C, Brooklyn, N.Y

☆ I Put On Lipstick for This?
▼ + stars: | 2023-08-05 | by ( Rebecca Anne Nguyen | ) www.nytimes.com time to read: +1 min

I don’t usually wear lipstick. With tears in her eyes, she said there’d been no one serious in her life since her marriage ended, and she was resigned to dying alone. There I was, telling a friend half my age that sometimes, no matter how much you want it, love may never show up. My life was half over, and I was on the express train to Lonelyville: a singles room in the nursing home. I had to change course, but it wasn’t as simple as just “getting back out there.”

Persons: ., I’ve, I’m, there’d, Coke, ” Organizations: intuit

Jerusalem CNN —Israeli Prime Minister Benjamin Netanyahu is in hospital for medical evaluation but is in a “good condition,” his office said. Netanyahu was admitted Saturday to the Sheba Medical Center in Ramat Gan, a suburb of Tel Aviv, according to his office. Israel currently does not have an acting or deputy prime minister, meaning that if Benjamin Netanyahu is incapacitated, the cabinet would have to meet to elect an acting prime minister. Eighteen months later, he was once again sworn in as prime minister in a dramatic return, cobbling together a coalition. He was admitted to hospital where he stayed overnight before being released.

Persons: Benjamin Netanyahu, Netanyahu, Israel’s, Naftali Bennett Organizations: Jerusalem CNN, Israeli, Sheba Medical, Likud Party Locations: Jerusalem, Ramat Gan, Tel Aviv, Israel, Yom Kippur

David Torres-Fuentes was 4 years old when he decided to become a clown. David Torres-Fuentes, 23, works as a professional clown and entertainer in Nashville. David Torres-Fuentes decided he wanted to become a professional clown when he was 4 years old. David Torres-Fuentes was born in Mexico and moved with his family to Nashville when he was 6. David Torres-Fuentes hopes to continue performing as a professional clown into retirement.

Persons: David Torres, Fuentes, David, Lucas Mullikin, Jacquelyn, they're, Torres, Roth, they've Organizations: CNBC, Nashville Public Library, Tennessee Performing Arts Center, Nashville Locations: Nashville, Mexico, U.S, Scotland

So how can the estimated 4% to 5% of the population in the US who identify as being polyamorous approach their finances and money management in their relationships? There are many different poly relationship arrangementsAs Waymire explains, there are infinite poly relationship configurations. These are just a few examples of poly relationship configurations. Challenges in the transfer of generational wealthWaymire has seen clients disowned by parents for their polyamorous relationship structures, which can affect transfer of generational wealth. Have money conversations oftenSchedule money check-ins as often as needed.

Persons: —, Jackson Kendall, Michelle Waymire, Kendall, Waymire, aren't, Jackson, Polycules, Chaneé Jackson, Chaneé Jackson Kendall, polycule, it's, we've Organizations: Service, Young, Jackson Locations: Atlanta , Georgia, Jackson

☆ Opinion: The biggest lesson from the debt ceiling fight
▼ + stars: | 2023-05-31 | by ( John | Opinion John Avlon | ) edition.cnn.com time to read: +6 min

In 2011, many Republicans were enthralled with the Tea Party, and they seemed dead set against any raising of the debt ceiling. He cobbled together a majority by relying on Democratic House votes to pass a clean lift of the debt ceiling. The final tally was 193 Democratic House votes and 28 Republican House votes – including Boehner and one of his top lieutenants, a representative from Bakersfield named Kevin McCarthy. These debt ceiling hostage debates only seem to happen in recent decades when a Democrat is president. Remember, the debt increased by $7 trillion under President Donald Trump – and the debt ceiling was raised three times during his tenure without a major fight.

Persons: John Avlon, “, Joe Biden, Kevin McCarthy, Biden, doesn’t Biden, Pramila, Barack Obama, Republican Sen, Ted Cruz, John Boehner, Boehner, Paul Ryan, Donald Trump –, Fareed Zakaria, Trump, –, Ryan Organizations: CNN, America, Senate, Republican, Progressive Democrats, Congressional, Office, Tea Party, Democrats, Affordable, Democratic House, Republican Party, Democratic Party, Republicans, White, Democratic, Democrat, Twitter, GOP Locations: “ Lincoln, Washington, cobbling, Ted Cruz of Texas, Bakersfield, American

So I quickly found a W-2 job and qualified, then quit the job months later and went back to freelancing. Why mortgage lenders get skittish around 1099 contractorsIf W-2 employees fit neatly inside the box occupied by typical, salaried employees, 1099 contractors present a bit like wild cards. While the former have signed a contract and work regular hours according to their employer's needs and schedule, the latter function as independent contractors (often called gig workers) who work job to job. The boxy conventions don't stop there: W-2 employees are paid via their employer's payroll, participate in employee benefit programs, and have payroll taxes withheld throughout the year. Rather than strike out, I balked and applied for and took a W-2 job just to qualify to buy my ex out of his half of equity in our family home.

☆ 'iCarly' writers join the WGA strike as showrunner Ali Schouten calls out Hollywood studios' 'corporate greed'
▼ + stars: | 2023-05-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

Insider spoke to Ali Schouten, the showrunner behind Paramount+ series "iCarly," about what's at stake. The "iCarly" writers will link up with the picket line outside the lot where the show is filmed, according to Ali Schouten, the series' showrunner and executive producer. Ahead of the "iCarly" writers' picketing on Thursday, I spoke with Schouten to understand what she and her colleagues are fighting for. Lisa Rose/Paramount+The last writers' strike resulted in $2 billion worth of losses for the California economy, and some experts predict the impact of this work stoppage could be even greater. How is the writers' strike impacting you, your business, or your family?

☆ Joe Biden to attend $25,000 per person fundraiser during NYC campaign cash blitz
▼ + stars: | 2023-05-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about the creation of new manufacturing jobs at the Washington Hilton in Washington, DC, April 25, 2023. A Biden campaign spokesman declined to comment. An NBC News poll shows 46% of the Republican primary voters support Trump over other declared and potential rivals, including former Florida Gov. The majority of those surveyed said they would prefer that neither Biden nor Trump run for president. Trump and Biden combined to raise almost $2 billion during the 2020 election cycle, according to data from OpenSecrets.

☆ Only the big will crack the $1 trln LBO code
▼ + stars: | 2023-04-12 | by ( Jonathan Guilford | ) www.reuters.com time to read: +9 min

Lenders will only tiptoe back, meaning deals need the big checks and extra elbow grease in credit markets that favor the largest private equity firms. Private equity firms depend on borrowed money to reduce how much of their own they use in any single deal and to magnify returns as a percentage of their initial investment. Imagine a private equity firm acquires a company for $1 billion, then flips it five years later for $1.5 billion. Though the private equity industry is awash in so-called dry powder, fundraising is increasingly tilting to the largest fund managers. Buyout firms are apt to keep their plans more conservative to garner higher ratings – meaning, again, less leverage and more upfront cash.

☆ Why so many Americans hate their work hours
▼ + stars: | 2023-04-05 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +8 min

Lower-income workers want to work more, and higher-income workers want to work less. In fact, nearly a quarter of low-income workers making less than $47,000 a year want to work more hours. On the flipside, almost a third of middle- and high-income workers say they work too many hours, according to a Pew Research Center report released Thursday. Workers are left either wanting to work more but can't get the hours, or they want to work less but feel they shouldn't. When surveyed, lower-income workers would likely jump at the opportunity to work more hours to earn more.

HONG KONG, March 22 (Reuters Breakingviews) - Time may be on Richard Li’s side. By cobbling together acquisitions, Li has built a brand to sell life insurance across Hong Kong, Japan and Southeast Asia. The value of new business – a measure of the present value of future earnings from policies signed - rose around 30%. Follow @KatrinaHamlin on TwitterCONTEXT NEWSAsian insurer FWD has made a fresh application for a Hong Kong listing, according to stock exchange filings published on March 13. A first attempt to go public in Hong Kong in 2021 was refused owing to concern over its dual-class shares.

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