Page 2 - Bloomberg

Donald Trump says he will announce new Fed chair 'early next year'

The president on Sunday told reporters he knew who he would nominate, without offering further details

Bosses tap bonus pools, cash awards to attract workers wary of AI

French drugmaker Sanofi, fintech Brex Inc. & International Business Machines Corp. are among firms that are paying cash, awarding points or doling out merch to expand adoption of AI across their biz

Swiggy plans $10,000 cr share sale next week, three banks shortlisted

Swiggy's board approved plans on Nov. 7 to raise up to ₹10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval

Flying in America now costlier! Flyers without REAL ID must pay $45

US travellers who turn up at airports without a REAL ID will soon have the option to pay a $45 fee for a quicker digital identity check under TSA's new Confirm ID process starting February

US to deepen minerals supply chain with 8 nations in AI race with China

The initiative, which builds on efforts dating back to the first Trump administration, unfolds as the US looks to cut dependence on China

Apple's AI head John Giannandrea to leave in spring after chaotic stint

Under Giannandrea, Apple's AI team struggled to catch up with Silicon Valley peers. The company arrived late to generative AI - two years after OpenAI's ChatGPT became synonymous with the technology

Samsung debuts its first trifold smartphone months ahead of folding iPhone

The handset, called the Galaxy Z TriFold, is part of a small subset of folding phones that have two hinges, allowing them to transform into larger, tablet-sized devices

SoftBank's Masayoshi Son 'cried' about Nvidia stake sale to fund AI bets

SoftBank has doubled down on its bets on AI through a flurry of projects that include a Stargate data center with Hon Hai Precision Industry Co

Severe storms kill nearly 1,000 in Southeast Asia, Sri Lanka: Report

Three tropical cyclones, coinciding with the northeast monsoon that typically brings heavy downpours to Southeast Asia this time of year, have caused widespread destruction in the region

India's quiet rollback of trade barriers eases worry for global partners

The government argued that, since it was facing a flood of imports from China, it needed to ensure that these were of sufficient quality to meet Indian standards

Australia begins global drive to restrict social media access for children

While figures on the number of under-16s on social media globally are scarce, research firm EMarketer says about one in ten US users are under 18

Bytedance's TikTok playbook is winning China's consumer AI market

ByteDance's Doubao app - an all-in-one chatbot, photo and video tool - is now China's most popular mobile AI platform

Trump downplays Venezuelan airspace warning as US mulls new steps

The US is enacting a widening campaign in the Caribbean, one that began with fatal strikes on boats in international waters and continued when the US deployed additional Navy ships

I know who I am going to pick, says Trump on his choice of next Fed chair

Trump has frequently excoriated current Fed chief Jerome Powell for failing to lower rates swiftly and signalled he wants a chair who will more forcefully pursue cuts

China's factory activity slumps for longest stretch on record in Nov

The official manufacturing purchasing managers' index was 49.2, remaining below the 50 mark that separates growth and contraction for an eighth month

Eurozone inflation near 2% likely to keep ECB rates steady in December

Officials find themselves in a holding pattern at present, with no clear consensus on what the next move for rates should be

Wall Street sees Indian markets rebounding after year of underperformance

Morgan Stanley, Citigroup Inc and Goldman Sachs Group Inc. are among those who expect the country's markets to claw back lost ground next year as earnings stabilise and policy support kicks in

Sergey Brin gifts $1.1 bn in Alphabet stock to charities after AI rally

The donation was disclosed Friday in a regulatory filing, which didn't specify who had received the more than 3.5 million shares

Northwestern reaches $75 mn deal with Trump admin to restore funding

Northwestern, which has campuses in Evanston, Illinois, and Chicago, had been crippled financially by the federal freeze and was self-financing its research, paying millions of dollars each month

Cyclone Ditwah kills 123 in Sri Lanka's worst flooding crisis in 20 years

Sri Lanka's scheduled budget debate was cancelled for Friday and Saturday, and the Colombo Stock Exchange shortened trading hours on Friday due to the adverse weather