Page 11 - Bloomberg

Trump admin likely to back Kevin Warsh for next Federal Reserve chair

Trump has openly sought to shape Fed's rate policy through his appointments in an effort to find someone broadly acceptable to markets who'll also share his inclination to cut rates further and faster

Trump admin plans to dial back ICE agents in Minnesota after protests

Tom Homan, Trump's 'border czar,' said that officials from Customs and Border Protection and ICE are working on a 'draw down plan' that hinges on cooperation from local, state and federal officials

Microsoft signs $750 million Azure cloud deal with AI firm Perplexity

For Microsoft, the Perplexity deal boosts its efforts to position Azure as the place to build AI applications and deploy models from a variety of vendors

Zuckerberg, Musk step up AI arms race with $155 billion spending blitz

Big Tech is unleashing a massive AI spending spree, with Meta and Tesla doubling down on capital expenditure even as chip shortages and bubble fears grow

Microsoft falls after Azure growth misses momentum amid AI splurge

Microsoft shares slumped after record AI-driven capital spending and a slowdown in Azure growth reignited investor concerns over returns on massive cloud investments

Air India to order 30 Boeing 737 Max jets as travel demand surges

Of those, 220 were from Boeing, including 190 Max jets largely deployed by Air India Express, the carrier's low-cost subsidiary for domestic and short-haul international routes

US, Denmark begin discussions over Greenland deal to assuage Trump

The negotiations follow Trump's announcement last week of a "framework of a future deal," in which he pledged to refrain from imposing tariffs on European nations

Tesla needs to build its own factory to manufacture semiconductors: Musk

Musk said that existing suppliers, naming TSMC, Samsung and Micron Technology Inc., are not able to supply Tesla at the levels the company needs

Tesla plans $20 billion spending spree to build Elon Musk's AI future

The capital expenditure plans laid out Wednesday - roughly twice as much as Wall Street was expecting - will support production expansion at multiple factories

Fed leaves rates unchanged, signals cautious outlook as US economy improves

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%

EU's Antonio Costa meets Vietnam leaders to unveil strategic partnership

Vietnam has signed 17 trade pacts as it seeks double-digit expansion of its trade-reliant economy

Govt could order more indigenous reactors to boost nuclear capacity

The government is considering seeking bids to build as many as 10 pressurised heavy water reactors with a capacity of 700 megawatts each - a third such bulk order

US ready to use force to ensure Venezuela's cooperation, says Marco Rubio

The hearing marks Rubio's first appearance before Congress since the US raid on Caracas that led to Nicolás Maduro's capture on January 3

Starbucks removes limits for CEO's private jet use amid security concerns

The Starbucks board of directors took decision to enhance security measures for CEO Brian Niccol following a security review of risks

India must do more to wind down Russian oil buys: US trade representative

While New Delhi has 'made a lot of progress' on curbing buys of Russian crude, "it's hard for them" to completely wean off the supplies, said US Trade Representative Jamieson Greer

US sees sharp slowdown in population growth due to less immigration

The US population increased just 1.8 million, or 0.5 per cent, in the year through July 1, 2025 to nearly 342 million people, slowest pace of growth since 2021

Budget 2026 to lift govt borrowing to record, testing bond yields

The rise, driven by large debt maturities of about ₹5.5 trillion, comes as heavy state government issuance pushes up yields

BYD weighs India expansion amid rising demand for automaker's electric cars

The company is evaluating some form of local assembly in India and working on obtaining local safety and regulatory certifications for more models because of import quotas

Gold extends gains above $5,000 as debasement trade gathers pace

Gold stays above $5,000 an ounce as investors flee bonds and currencies amid geopolitical risk, while silver surges on strong investment demand

India offers EU automakers 6 times larger quota than UK, cuts car tariffs

Beyond the quota, the trade pact has negotiated a rate cut to 35 per cent over 10 years for fossil-fuel powered cars, officials added