Page 13 - Bloomberg

Why London's housing crisis is driving away its most valuable residents

High housing costs, limited construction and uninspiring homes are pushing working-age Londoners to smaller towns

Google's AI faces pushback over use of web content for AI answers

Google's web crawler sees 3.2 times more of the web than OpenAI's version and 4.8 times more than Microsoft Corp.'s, according to Cloudflare CEO

NPCI targets Indian diaspora to drive UPI growth across overseas markets

NPCI plans to use the country's vast diaspora to drive global expansion, while also exploring AI-enabled payments through platforms like ChatGPT and Gemini

AI data centres' volatile power demand strains equipment, threatens grids

As the AI boom accelerates, these technical problems suggest added costs and unforeseen reliability problems, with even a few minutes of lost uptime hitting data-center developers' revenue

Paramount to sign contract with theatre chains guaranteeing 30 films/year

Paramount Skydance has offered AMC and Regal three-year deals to guarantee 30 theatrical releases a year if its $110 billion Warner Bros deal goes through

Currency defence gets makeover as central banks in Asia guard reserves

Asian central banks are seeking new ways to support weak currencies and preserve forex reserves as West Asia tensions, oil risks and high US rates weigh on markets

US CPI to show inflationary pressures easing after recent war-driven rise

The closely watched consumer price index is seen rising 0.1% in July following a 0.4% decline in the prior month

Pentagon asks defence firms to boost production of key weapon systems

There have been growing warnings about the state of US weapons stockpiles as the US military attacks Iran and repels its drone and missile strikes on American bases in the region

US Treasury pressures Harry Sargeant to divest from Venezuela oil venture

Sargeant served as a vital back channel between Washington and Caracas during years of deep hostility, accumulating outsized influence on both sides

SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally

Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending

OpenAI pauses work on new Astra model to boost safeguards over cyber risks

The ChatGPT maker said the unreleased model may cross its 'critical cybersecurity threshold' and develop zero-day exploits autonomously

Canada's PSP Investments explores $1.5 billion sale of roads in India

The pension fund is working with an adviser on a potential divestment of assets held through its global roads platform Roadis

US employers unexpectedly shed 23k jobs in July; Unemployment rate falls

US employers unexpectedly cut 23,000 jobs in July as hiring in prior months was revised lower, raising concerns over labour-market weakness and the Fed's rate outlook

IndiGo in early talks with Embraer SA for large regional jet order

IndiGo is considering purchasing dozens of Embraer E2 aircraft to replace its fleet of turboprop-powered ATRs as well as to bolster capacity

Lok Sabha clears tax breaks for foreign buyers of government debt

The bill replaces an ordinance issued on June 5 that exempted FII from tax on interest from government securities as well as capital gains from their sale, exchange or transfer

Bullion exchange CEO Ashok Gautam resigns as platform struggles to grow

Ashok Kumar Gautam, the first chief executive officer of India International Bullion Exchange IFSC Ltd., has resigned citing personal reasons

How digital lending apps are pushing Indian consumers deeper into debt

India's household debt has climbed to a record level, with app-based lenders driving much of the growth through high-cost, short-term loans

India's biggest stock market reform endures a rocky first week of trading

Amid growing calls to roll back the mechanism, Sebi signalled that the closing auction would remain in place

Iran wants to bar US, Israeli ships from Strait of Hormuz in peace accord

In any event, Trump would be unlikely to agree to such a concession after months of insisting that American armed forces had essentially defeated Iran

New OpenAI device to be hockey puck sized with unique look, cost over $300

The product, essentially a smart speaker without a display, will be shaped like a doughnut that's roughly the size of a hockey puck