Bloomberg
Bloomberg
Page 197 - Bloomberg
China's two richest people lose billions in record-breaking stock selloffs
China's wealthiest person, Nongfu Spring Co. founder Zhong Shanshan, lost some $3 billion as the beverage giant's shares fell by a record 10 per cent
 "China's two richest people lose billions in record-breaking stock selloffs")
Pavel Durov's arrest highlights Russia's love-hate bond with Telegram
France's arrest last weekend of Telegram's billionaire founder Pavel Durov, who fled Russia for Dubai a decade ago, has been almost universally condemned in his native country
 "Pavel Durov's arrest highlights Russia's love-hate bond with Telegram")
Warren Buffett's Berkshire Hathaway tops $1 trillion in market value
The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting
 "Warren Buffett's Berkshire Hathaway tops $1 trillion in market value")
Content moderator sues TikTok in UK alleging toxic work environment
"I felt offended, harassed and degraded in a toxic work environment," Altamirano alleged. The stress allegedly lead to anxiety, depression and complications in her pregnancy
 "Content moderator sues TikTok in UK alleging toxic work environment")
Saudi Arabia's sovereign wealth fund refinances $15 bn loan with banks
The PIF, as the fund is known, has spent much of the year hunting for new sources of cash as it looks to push ahead with a massive investment plan intended to help diversify the Saudi economy
 "Saudi Arabia's sovereign wealth fund refinances $15 bn loan with banks")
Warren Buffett shrinks stake, sells more BofA shares worth $982 mn
Buffett has held silent about his reasoning while whittling the highly profitable bet - an investment that began when the stock was trading near $5 in 2011
 "Warren Buffett shrinks stake, sells more BofA shares worth $982 mn")
Musk's legal fights likely to boost longshot Texas bid to become court hub
Speculation is mounting that litigious newcomers like Musk could help Texas pull off what has so far been the impossible and dethrone Delaware as a court hub
 "Musk's legal fights likely to boost longshot Texas bid to become court hub")
BYD eyes 50% overseas sales after it posts strong first half results
Rising overseas shipments contributed to a record June quarter for deliveries for BYD, with the company posting a 40 per cent year-on-year increase in electric and plug-in hybrid sales
 "BYD eyes 50% overseas sales after it posts strong first half results")
Telegram CEO Durov to face off with Judge when four-day detention ends
Under local laws, Durov's detention can't last beyond 8 p.m. Paris time - a total of 96 hours of police questioning
Indian banks spending less on cybersecurity than global peers, says BCG
Digital payment frauds saw a more than fivefold jump to Rs 1,460 crore ($175 million) in the year ended March 2024 from the previous year
 "Indian banks spending less on cybersecurity than global peers, says BCG")
Seven & I seeking govt protection tests Japan's appetite for reform
The Japanese operator of 7-Eleven stores is seeking designation as a core company under the Foreign Exchange and Foreign Trade Act
 "Seven & I seeking govt protection tests Japan's appetite for reform")
Musk's SpaceX again delays launch of first-ever private spacewalk mission
After Tuesday's initial launch was scrubbed because of a helium leak, SpaceX said it was standing down from lift-off opportunities on Wednesday and Thursday because of unfavourable weather forecast
 "Musk's SpaceX again delays launch of first-ever private spacewalk mission")
Apple cuts 100 jobs in digital services group as priorities shift
The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore
 "Apple cuts 100 jobs in digital services group as priorities shift")
Pilot shortage in Japan threatens its goal for 60 million tourists by 2030
Japan currently has about 7,100 pilots and the government projects another 1,000 will be needed by 2030 to help meet its target of attracting some 60 million tourists that same year.
 "Pilot shortage in Japan threatens its goal for 60 million tourists by 2030")
Chief adviser Yunus can't delay B'desh election for too long, says BNP
The BNP wants to avoid a repeat of the past, where an army-controlled caretaker government in 2006 stayed beyond its mandated three months and delayed the voting by about two years
 "Chief adviser Yunus can't delay B'desh election for too long, says BNP")
Booming primary market in India lures funds away from pricey stocks
The divergence comes as Indian secondary-market stocks are among the priciest in the world, at about 24 times 12-month forward earnings
 "Booming primary market in India lures funds away from pricey stocks")
Chinese hackers breach Indian, US internet firms via startup, says Lumen
'Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product'
 "Chinese hackers breach Indian, US internet firms via startup, says Lumen")
Investors on edge before Nvidia Corp's earnings, US economic data
The stakes are high ahead of Nvidia, especially after an earnings season that showed disappointing results for other "Magnificent Seven" megacaps
 "Investors on edge before Nvidia Corp's earnings, US economic data")
Rothschild to boost its ECM, debt businesses in India as deals heat up
The expansion plans at Rothschild follow a surge of initial public offerings in the Indian stock market
 "Rothschild to boost its ECM, debt businesses in India as deals heat up")
SpaceX delays launch of world's first-ever private spacewalk mission
The launch, initially scheduled for early Tuesday morning, was scrubbed to check a ground-side helium leak
 "SpaceX delays launch of world's first-ever private spacewalk mission")