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ANTHROPIC Co-Founder Says AI Could Replace Human Labor On Very Large Scale; Aid For Displaced 'Moral Necessity'

2026-05-25

ANTHROPIC Co-Founder Says AI Could Replace Human Labor On Very Large Scale; Aid For Displaced 'Moral Necessity'

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2026-05-25

China’s latest crackdown on cross-border stock trading could impact as much as HK$250 billion ($32 billion) in Hong Kong assets, according to Citi Securities. The firm estimates Futu Holdings Ltd. accounts for HK$150 billion to HK$180 billion of affe

China’s latest crackdown on cross-border stock trading could impact as much as HK$250 billion ($32 billion) in Hong Kong assets, according to Citi Securities. The firm estimates Futu Holdings Ltd. accounts for HK$150 billion to HK$180 billion of affected assets, while Tiger Brokers represents HK$45 billion to HK$50 billion. Regulators have targeted brokerages operating on the mainland without licenses, including Futu, Tiger Brokers and Long Bridge Securities, and plan to confiscate alleged illegal gains. Citi and Morgan Stanley both said the overall market impact is likely manageable, with trading disruptions expected to be gradual rather than abrupt.
2026-05-25

Australia To Require LNG Producers To Retain 20% Of Exports For Domestic Supply; Rule Covers All Projects And Existing Contracts (Contracts ≤ Dec 22, 2025 Respected Only If Compliance Would Breach Them); Firms May Comply Via Third-Party Purchases, Re

Australia To Require LNG Producers To Retain 20% Of Exports For Domestic Supply; Rule Covers All Projects And Existing Contracts (Contracts ≤ Dec 22, 2025 Respected Only If Compliance Would Breach Them); Firms May Comply Via Third-Party Purchases, Regional Swaps, Reduced Exports Or Global Asset Purchases; Proposal Aims To Create Modest Domestic Oversupply For Regulator To Allow Re-Exports; Industry Says Move Will Deter Investment; Context: East Coast Gas Shortage Risk, Iran Conflict Sidelines ~20% Of Global LNG
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