Reported 1 day ago
BlackRock Chairman Laurence Fink emphasized the critical role of ports in the future economy, likening their significance to data centers and power grids. This statement came after China blocked BlackRock's proposed $23 billion acquisition of Hong Kong's CK Hutchison port terminals, which was expected to play a key role in the global shipping landscape. Fink noted that rising infrastructure needs, estimated at $68 trillion by 2040, will drive private investment as government funding wanes.
Source: YAHOO