Page 16 - Bloomberg

Samsung hits $1 trillion market valuation, joins TSMC in elite club

The milestone came as the South Korean company's shares rallied as much as 12 per cent early on Wednesday, making it only the second Asian firm after Taiwan Semiconductor Manufacturing Co. to hit mark

Standstill in Indian gold, silver imports drags on, threatens supply

Shipments have been stuck at customs since the start of the financial year on April 1, ensnared by administrative bottlenecks and a lack of clarity over taxes

Trump pauses Project Freedom in Hormuz in push for deal with Iran

Trump cited 'Great Progress' toward 'a Complete and Final Agreement with Representatives of Iran', however, he added that a US blockade would 'remain in full force and effect'

Embrace AI or get left behind: Job cuts sweep through crypto firms

The debate started in February after Block Inc., the owner of Square and Cash App, announced it would cut a whopping 50 per cent of staff, citing a secular change in how AI affects its operations

Sun Pharma weighs multiple funding options for $12 billion Organon deal

The Indian drugmaker is considering seeking consent from Organon bondholders to swap their holdings into Sun Pharma debt

US-Iran ceasefire holds after Hormuz clashes, UAE missile strikes

Violence had erupted after US President Donald Trump announced "Project Freedom," which he described as a humanitarian effort to guide neutral ships stranded in the Gulf through Hormuz

OpenAI finalises $10 billion joint venture with PE firms to deploy AI

OpenAI has raised more than $4 billion from investors, including TPG Inc., Brookfield Asset Management, Advent and Bain Capital, for a firm focused on helping businesses leverage its AI software

Washington Post wins Pulitzer prize for public service; NYT bags three

The New York Times led the awards haul with wins in the Investigative Reporting, Opinion Writing and Breaking News Photography categories

Apple explores using Intel and Samsung to build chips in US beyond TSMC

iPhone and iPad maker has had early-stage talks with Intel about enlisting the company's chipmaking services, and Apple executives have also made visits to a Samsung plant under development in Texas

Trump's immigration crackdown hurts some American workers, study finds

Study questions whether stricter immigration enforcement boosts jobs for Americans, noting foreign-born and native-born workers often complement each other rather than compete for the same roles

India's AC boom could trip the power grid, but policy is the real problem

India's cooling demand is surging with rising heat and incomes, but outdated rules are slowing adoption of cheaper, cleaner refrigerants that could ease pressure on the power grid

Elon Musk agrees to pay $1.5 million to settle SEC case over Twitter stake

An SEC spokesperson said the deal, if finalised, would be the largest penalty the agency has levied against an entity or individual for allegedly failing to file a beneficial ownership report on time

Secret Service officers shoot gunman near White House after he opens fire

The suspect ran, drew a weapon and shot at the officers, who returned fire, striking him

Microplastics found to trap heat, play role in global climate change

New research finds airborne microplastics trap heat and may amplify global warming, challenging earlier assumptions about their climate impact

United Airlines flight hits pole on highway before landing at Newark

United Flight 169 from Venice, Italy, hit a pole on the New Jersey Turnpike around 2 pm local time Sunday before touching down

Bitcoin tops $80,000 for first time in three months as Asian stocks rise

The original cryptocurrency climbed as much as 1.9 per cent Monday morning in Singapore to $80,393, its highest level since Jan. 31

Latest RBI rules for shadow lenders may put Tata Sons IPO on radar

The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds

Nvidia's push into physical AI sparks rally in Asian tech partners

Nvidia has expanded its roster of Asian partners in recent years, primarily through deeper chip-focused ties with suppliers such as SK Hynix Inc. and Samsung Electronics Co

Berkshire cash pile hits record $397 bn in Greg Abel's first quarter as CEO

After a slight decrease late last year, the firm's cash hoard jumped in the first quarter as it offloaded a net $8.1 billion of equity holdings in the period

Trump prefers not to strike Iran even as frustration over talks mounts

Speaking in Florida, Trump said, 'Maybe we're better off not making a deal at all,' without elaborating, he added, 'we can't let this thing go on'