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Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter. Today, we look at Trump profiting from candidates his endorsement and a jet-setting Australian businessman who’s trying to get politicians to back his latest venture. Trump-Endorsed Candidates Have Funneled At Least $1.4 Million Into His Businesses D onald Trump, a man known for torching norms, has developed a novel business model. From his perch at Mar-a-Lago or summer residence at one of his New Jersey golf courses, the former president doles out endorsements to longtime elected officials and wannabe Republican nominees, influencing primaries across the country. Meanwhile, those candidates, who come from all over to visit him, pour money from campaign donors into Trump’s properties, paying for food, lodging and conference space. So far, he has collected at least $1.4 million from the candidates he’s endorsed in 2022, according to a Forbes analysis of campaign … [Read more...] about Checks & Imbalances: Trump’s Revenue Stream, Australia’s Jet-Setting Billionaire

Share to Twitter Share to Linkedin Bosideng, China’s top home-grown down jacket brand, said on Wednesday it overcame Covid and other global headwinds and reported gains in sales and profit for the 12 months ending March 31. Sales increased by 20% to 16.2 billion yuan, or $2.4 billion, helping to lift profit by 21% to approximately 2.06 billion yuan. Bosideng was upbeat about the outlook this year. “Currently, global consumption demand for apparel is recovering steadily,” it said. “Although we confronted numerous challenges from the epidemic and other various aspects in 2021, we still believe that from a long-term perspective, China’s economy will recover in an orderly manner in the post-epidemic era.” Bosideng is led by its colorful 70-year-old CEO Gao Dekang, who has a fortune worth $4.8 billion on the Forbes Real-Time Billionaires List. Itochu of Japan is an investor; rivals include Canada Goose. Bosideng’s Hong Kong-traded shares have fallen 16% in … [Read more...] about Canada Goose Rival Bosideng Reports Profit Gain, Sees Apparel Recovery

CLOSE cooperation between departments, institutions of higher learning and the private sector can drive the development of a sustainable agricultural ecosystem which can maximise the economic sustainability value of the country’s agro-food sector. Agricultural Department director-general Datuk Zahimi Hassan said this when officiating the launch of LKE Group Sdn Bhd’s first shariah-compliant durian partnership legacy programme on May 14. As part of the programme, LKE has partnered with Tunku Abdul Rahman University College (TAR UC) to conduct research on the most effective science-based methods to grow and care for durian plants in the long-term, in an effort to uplift the industry and make Malaysia the ideal destination for durian exports globally. Zahimi, who also witnessed the signing of a memorandum of agreement (MoA) between LKE and TAR UC, said the rising popularity of the “king of fruits” is a new source of wealth for the nation. “Malaysia produced 390,635 metric tonnes … [Read more...] about Research to make Malaysia top durian destination