JUST IN: BlackRock CEO says Russia-Ukraine war to trigger new world order

Russia’s war on Ukraine will trigger a new “world order” taking globalisation into a different phase, BlackRock CEO Larry Fink told an investment conference on Monday.

Fink, who heads the world’s largest asset management company, said faltering supply chains would force firms to seek suppliers closer to home, up-ending the current model.

Speaking at the Investopia conference in Dubai, Fink denied predicting the end of globalisation, as was widely interpreted from his comments in a letter to shareholders last week.



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