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Excessive AI spending risks global financial consequences, BIS warns
The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind,” one analyst said in response to the report.
Cointelegraph


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Kennedy Town walkway plan needs rethink to match local vibe: harbourfront body
The head of Hong Kong’s Harbourfront Commission has called for improvements to the proposal to reclaim land for a popular tourist selfie spot in Kennedy Town, saying the current design failed to fit the neighbourhood’s ambience. Ivan Ho Man-yiu, the advisory body’s chairman, said
South China Morning Post Economy