Page 20 - Bloomberg

UK PM Burnham names Kanishka Narayan as first AI minister to attend cabinet

Narayan, a Labour politician from Wales, was appointed minister for AI and online safety in September 2025 under Burnham's predecessor Keir Starmer

Brent could top $120 if Hormuz disruptions persist: Goldman Sachs

At present, Goldman sees Brent at $80 a barrel in the fourth quarter, and $75 next year, predicated on a de-escalation of tensions in the West Asia

Nolan's 'The Odyssey' powers Hollywood toward strongest year since 2019

The Odyssey, the first film to be shot entirely on Imax Corp. cameras, brought in $264.1 million globally in its opening weekend, surpassing expectations in North America and around the world

Mexico sees tourism boost as 3 mn foreign visitors attend Fifa World Cup

Foreign tourists accounted for about 40% of the 7.5 million total trips to Mexico City, Guadalajara and Monterrey between June 8 and July 12, with the rest made up of domestic travelers

Fifa World Cup final wasn't 'what we dreamed,' says Nike Football chief

For a sportswear and sneaker company like Nike, having its teams fall short of the final means missing out on the windfall generated by fans splurging on merchandise

SBI Funds Management poised for strong India debut after $1 billion IPO

Shares of the nation's largest funds manager by assets were quoted about 18% above the IPO price of ₹574 in the gray market on Monday

Kimi K3's huge size keeps demand strong for AI memory and processors

Kimi K3 contains 2.8 trillion parameters, China's largest model yet, pushing the sparsity ratio - a measure of computing efficiency - to a record

Bezos backs this AI startup to discover new materials for chipmaking

CuspAI initially started out with a focus on finding new materials for carbon capture and water purification

Samsung Biologics to acquire PolyPeptide in $1.8 billion deal

Shares of Samsung Biologics declined as much as 3.3% in Seoul on Monday. PolyPeptide shares jumped as much as 5.6%

FIFA's biggest World Cup yet ends with politics and profit in spotlight

More than 15 million people filled stadiums and fan festival areas combined during the length of the tournament, the biggest World Cup by attendance

Shapoorji Pallonji Group closes one of India's biggest private credit deals

Shapoorji Pallonji Group raised about ₹15,100 crore in one of India's largest private credit deals to refinance debt, backed by domestic and global investors

SBI Funds Management pays razor-thin banker fees on top India IPO of 2026

SBI Funds, India's largest asset manager, is jointly owned by State Bank of India Ltd. and France's Amundi SA

Strait of Hormuz traffic near standstill as US-Iran hostilities escalate

Commercial vessel traffic through the vital route slowed sharply after Iran targeted ships in the waterway, heightening concerns over energy supplies as US strikes on the Islamic Republic continued

RBI intervenes to support rupee as it nears record low on oil price surge

The Reserve Bank of India sold dollars in both offshore and onshore markets, traders familiar with the matter said

GLP-1 opportunity to lift domestic business at Indian pharmaceutical firms

The expanding domestic market for semaglutide-based weight-loss drugs is expected to help cushion weaker US sales for Cipla and Dr Reddy's after the loss of Revlimid exclusivity

What Wall Street never understood about Gulf investors and their priorities

Wall Street must move beyond treating the Gulf as one market as Saudi Arabia, the UAE and Qatar chart increasingly divergent investment paths

El Nino-driven monsoon swings threaten crops, power grid in India

This year's monsoon opened with India's fifth-driest June on record and rainfall almost 40% below normal levels, followed by a sudden deluge early this month

Tata's fashion brand Westside plans biggest push yet with 100 annual stores

The brand which sells apparel, beauty products, home decor, footwear and other accessories such as lab-grown diamonds, operated 300 stores at the end of its most recent fiscal year

Burnham set to scrap digital ID to focus on cost of living policies

The move is the latest in a series of measures Burnham is eyeing in his early days of office, as he plans a series of public statements to signal a change from the previous government under Starmer

Pension funds try to come to grips with scariest global warming scenario

Pension funds are assessing climate tipping points as a major investment risk, warning irreversible global warming could trigger rapid asset repricing