Hong Kong is taking center stage on the global conspicuous-consumption circuit this week as billionaires descend on the city to choose from Angelina Jolie’s diamonds, Andy Warhol’s paintings and bottles of Romanee-Conti.
In 2011, Russian billionaire Leonid Mikhelson helped pay for a giant stainless-steel slide during a retrospective by Belgian artist Carsten Holler at the New Museum of Contemporary Art in New York. It was the most popular exhibition in the museum’s 35-year history.
China is waging a campaign of cyber espionage against U.S. companies that is threatening to derail President Barack Obama’s second-term effort to improve ties, National Security Adviser Thomas Donilon said.
Charles Armstrong of the Asia Society talks with Bloomberg's David Wilson, Jon Erlichman and Bloomberg TV contributing editor William Cohan about North Korea's attack on a civilian-populated South Korean island near their disputed border.
Xi Jinping, the man in line to be China’s next president, warned officials on a 2004 anti-graft conference call: “Rein in your spouses, children, relatives, friends and staff, and vow not to use power for personal gain.”