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China property market braces for slow recovery through 2027
Business

China property market braces for slow recovery through 2027

China's housing market is poised for a gradual transition toward stability, with home prices expected to decline by 3.5% this year before posting a modest 0.3% gain in 2027. While the sector remains under significant pressure, analysts anticipate that policy intervention will temper the pace of the ongoing contraction.

Goldman Sachs Sees M&A Activity Nearing 2021 Record Levels
Business

Goldman Sachs Sees M&A Activity Nearing 2021 Record Levels

With corporate dealmaking surging despite geopolitical volatility, Goldman Sachs president John Waldron signaled Thursday that industry-wide merger and acquisition volumes are poised to challenge the historic $5.8 trillion record set in 2021. Backlogs at the firm remain robust, driven primarily by strategic corporate consolidation rather than purely financial maneuvering.

ECB Warns of Double-Scar Effect on Euro Zone Consumers
Business

ECB Warns of Double-Scar Effect on Euro Zone Consumers

The conflict in Iran is triggering a faster, more aggressive shift in consumer behavior than the war in Ukraine, according to new European Central Bank research. Economists warn that this heightened sensitivity to price shocks could deepen economic instability, creating a 'double scar' that threatens to dampen spending and exacerbate stagflation.

Money Talk·May 29
OpenAI Grants Japanese Banks Early Access to Next-Gen AI Models
Business

OpenAI Grants Japanese Banks Early Access to Next-Gen AI Models

Japanese Finance Minister Satsuki Katayama confirmed that local financial institutions have secured early access to OpenAI’s advanced GPT-5.5 model. The partnership aims to bolster national cybersecurity defenses against sophisticated AI-driven hacking attempts, following similar strategic agreements previously established between the technology firm and various European corporate entities.

Business

Apollo President Expects Further Retail Exits from Private Credit

Wealthy investors are likely to continue pulling capital from private credit funds, according to Apollo Global Management President Jim Zelter. Speaking at the Bernstein Strategic Decisions Conference, Zelter signaled that the recent wave of redemptions from retail-focused lending vehicles is far from a temporary phenomenon.

Money Talk·May 29
Bank of Italy initiates talks with global AI developers
Business

Bank of Italy initiates talks with global AI developers

Governor Fabio Panetta has opened direct lines with international artificial intelligence developers, seeking to secure Italy’s financial infrastructure before the next generation of generative models hits the market. The move signals a shift toward proactive oversight as the central bank prepares for the widespread integration of third-party AI tools.

Money Talk·May 29