AI Boom Keeps Key Power Costs at Record on Largest US Grid

Business and households supplied by the largest US grid will pay $16.1 billion to ensure there is enough electricity supply to meet soaring power demand, including that from a massive buildout in AI data centers. The payouts to generators for the year starting June 2026 topped last year’s record $14.7 billion, according to PJM Interconnection … Read more

Head of Asia’s Largest REIT Plans to Retire After 16 Years at Firm

(Bloomberg) — George Hongchoy plans to retire as head of Link Asset Management Ltd., the manager of Asia’s largest real estate investment trust. Hongchoy, 63, will remain with the property firm as it searches for a successor, Hong Kong-based Link said in a statement Tuesday. A former investment banker, Hongchoy joined Link in 2009 as … Read more