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Latest news from trusted sources around the world

Economy Bloomberg
Investors Slash Zepto’s Valuation, Delaying India IPO Plans

Zepto Ltd. faced a 68% cut to its valuation during its initial public offering roadshow last month, prompting the Indian rapid-commerce firm to delay its …

Economy Bloomberg
EchoStar Unit Hughes Satellite Files for Bankruptcy as Debt Falls Due

Hughes Satellite Systems Corp. filed for Chapter 11 bankruptcy protection on Sunday, saying intensifying competition was undermining its core broadband business.

Economy Bloomberg
Emerging-Market Currencies Trade Mixed as US-Iran Tensions Ease

Emerging-market currencies were mixed on Monday as investors weighed signs of easing tensions between the US and Iran against the fading appeal for carry trades …

Economy Bloomberg
US-China AI Rivalry Grows With Alibaba's Anthropic Rival

New Chinese AI models including Alibaba's flagship system that claims performance similar to Anthropic’s Fable is intensifying the rivalry between China and the US over …

Economy Bloomberg
Benchmark Firm: China AI Models Still Lag US Rivals

Micah Hill-Smith, CEO of AI model benchmarking platform Artificial Analysis, says his firm's analysis shows that leading Chinese AI models continue to lag their US …

Economy Bloomberg
Hang Lung's Chan on Hong Kong's Property Recovery

Adriel Chan, Chairman of Hang Lung Properties, says the recovery in Hong Kong's commercial real estate sector feels "very real." He discusses the industry and …

Economy Bloomberg
US Uses Euros to Buy Yen to Avoid Weaker Dollar, Strategists Say

The US Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on …

Economy Bloomberg
China Factory Slump Reinforces Signs of Economic Slowdown

China’s manufacturing activity for export-oriented firms unexpectedly slowed in July, according to a private survey, adding to signs of economic weakness.

Economy Bloomberg
Chinese Government Bond Futures Kick Off Trading in Hong Kong

A new set of Chinese government bond futures completed their debut in Hong Kong, in a relatively steady start to authorities’ third attempt to use …

Economy Bloomberg
Latest Oil Market News and Analysis for Aug. 3

Oil fell after US President Donald Trump called off a planned attack on Iran and said new talks with the Islamic Republic would begin on …

Economy Bloomberg
Trump Says US Intervention in Yen Was ‘A Signal of Friendship’

“It was a signal of friendship,” President Donald Trump says after being asked why the US intervened to support the Japanese yen.

Economy Bloomberg
AstraZeneca Is Said to Have Explored Bristol Myers Merger

AstraZeneca Plc has explored an acquisition of Bristol Myers Squibb Co., a megadeal that would create one of the world’s largest drugmakers, according to people …

Economy Bloomberg
Prysmian Is Said Near Takeover of US Electrical Maker Atkore

Italy’s Prysmian is in advanced talks to acquire electrical manufacturing company Atkore Inc., people familiar with the matter said.

Economy Bloomberg
Governors Push State Solutions on Costs

Governors from Oklahoma, Maryland and Delaware say states remain the nation's laboratories of democracy, sharing policy ideas on housing, education, child care and energy while …

Economy Bloomberg
Jackson Warns US Policy Risks Caribbean Stability

Rep. Jonathan Jackson says the Trump administration's policies toward Haiti, Venezuela and Cuba risk worsening instability across the Caribbean, arguing that ending Temporary Protected Status …

Economy Bloomberg
Luxury Spending Drives Running Culture

Bloomberg Retail Reporter Lily Meier says running has evolved from a fitness activity into a lifestyle and status symbol, with run clubs fueling demand for …

Economy Bloomberg
AI Adoption Sparks Cultural Divide

Bloomberg's Josie Cox says artificial intelligence is creating new social divisions as disagreements over its use increasingly shape workplaces, relationships and personal identity, with skepticism …

Economy Bloomberg
Why Think Tanks are a Billion Dollar Business

Think tanks bring together experts and shape debates in Washington, but how do you measure the value of an idea? From the Aspen Institute to …

Economy Bloomberg
Bond Traders Flying Blind on Fed See Risk Yields Spiral Higher

Bond investors including Brandywine Global Investment Management and Wellington Management say the risk of a deeper Treasury rout is rising as Federal Reserve Chairman Kevin …

Economy Bloomberg
Yen Holds Steady in US Hours After Speculation of Intervention

The yen held steady through the New York trading session on Monday, after a sharp advance earlier in the day that sparked speculation authorities may …

Economy Bloomberg
ANZ, NAB Among Banks Funding Blackstone HSBC Book Buy, AFR Says

ANZ Group Holdings Ltd. and National Australia Bank Ltd. are among lenders bankrolling Blackstone Inc.’s A$36 billion ($25.3 billion) purchase of HSBC Holdings Plc’s Australian …

Economy Bloomberg
Bomb Kills Three, Injures 21 at Restaurant on Moscow’s Kudrinskaya Square

Three people were killed and 21 injured after a bomb was detonated in an upscale restaurant in central Moscow on Saturday night, according to Russia’s …

Economy Bloomberg
Trump Says US to Hold Off Iran Attack If Rapid Deal Agreed

President Donald Trump said the US will hold off new strikes against Iran after the Islamic Republic and other Middle Eastern nations told him they’re …

Economy Bloomberg
Saudi Prince Concerned Over Trump’s Iran Strike Plan: Axios

Saudi Crown Prince Mohammed bin Salman told President Donald Trump in a call that he was concerned over the US’s plans for new strikes against …

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