Page 14 - Bloomberg

Big Tech's debt binge raises risk in race to create an AI world

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Cambridge Analytica case: Zuckerberg's Meta settles claims for $190 million

Representatives of Menlo Park, California-based Meta and Zuckerberg didn't immediately return emails seeking comment on the settlement

China can't afford to ignore its army of gig workers amid job crunch

A bestselling memoir exposes the harsh reality of China's delivery workforce and why policymakers must prioritise protections as the economy pivots to high tech

US sanctions risk leaving 48 million barrels of Russian oil stranded at sea

Washington's move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration

Trump's 28-point Ukraine peace plan would grant key Russian demands

Under the terms of the plan, the Ukrainian regions of Crimea, Luhansk and Donetsk would be "recognised as de facto Russian, including by the United States

Lula stares down Donald Trump and scores tariff victory for Brazil

In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair

Netflix, Comcast, and Paramount submit bids for Warner Bros Discovery

The submissions meet a Nov. 20 deadline for a first round of bids set by the board of Warner Bros. Discovery, the parent of HBO, CNN and the Warner Bros. movie and TV studios

OpenAI partners with Foxconn to design hardware for AI data centres

Hon Hai, also known as Foxconn, will co-design and develop data centre server racks with OpenAI, and work to ensure such racks can be manufactured across the US

White House urges Congress to block bill curbing Nvidia's China chip sales

Nvidia, which has lobbied relentlessly for greater access to the world's biggest market for semiconductors, is not out of the woods yet

OpenAI's rise pushes banks to expand equity research into private markets

The banks are aiming to capture the potential impact of unlisted competitors of the stocks they follow, as well as to sate a relentless investor appetite for insights into their performance

US adds 119,000 jobs in September as unemployment rate climbs to 4.4%

Nonfarm payrolls increased 119,000 after the prior month was revised to a decline, according to Bureau of Labor Statistics data out Thursday

India's chipmaking to be at par with major producers by 2032: Vaishnaw

The world's most populous nation has used a $10 billion fund to fuel its chip programme, helping to bring about several assembly, packaging and testing ventures

Here's why Pakistan may regret letting army back at the centre of power

The 'establishment', Pakistanis' euphemism for their powerful military and the industries and organisations it controls has held a large share of power since its first decade as an independent nation

Muthoot Finance turns India's gold obsession into soaring family fortune

Their family-run gold-loan business is surging as consumers tap rising bullion prices for quick cash, driving the firm's stock to a record and lifting the Muthoot family's wealth to new heights

Turkey wins bid to host COP31 in Antalya following agreement with Australia

Although a formal sign-off is still needed, Flasberth said there was no opposition within a group of countries needed to back the decision

Paramount, Comcast and Netflix weigh bids as deadline nears for Warner Bros

Warner Bros. said it would evaluate strategic options last month after receiving interest in all or part of the business from multiple suitors. The first round of bids are expected today

Asia's currency-defence war chest soars to $8 trn boosting stability

The major central banks in the region have added more than $400 billion to their reserves this year, with 11 of the largest monetary authorities now having a stockpile of close to $8 trillion

Trump to unveil 'Genesis Mission' to boost US AI efforts, says official

On Tuesday, Trump called on lawmakers to pass a federal standard governing artificial intelligence either in an upcoming defence spending bill or as standalone legislation

Harvard launches new probe into Epstein links after Summers email uproar

Through a spokesperson, Summers declined to comment on Harvard's new investigation, which was reported earlier by the Harvard Crimson

Nvidia earnings test a market jittery over soaring AI investment bets

The risk is that these numbers could become unreliable if the big AI spenders, in particular closely held OpenAI, have to pull back on their commitments