Page 21 - Bloomberg

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

Singapore authorities eye tax cuts for fund managers to stay competitive

The Monetary Authority of Singapore is reviewing tax incentives for fund managers after industry feedback that Hong Kong's proposed tax breaks could trigger relocations

Private banks see corporate loan demand rising as bond funding gets costly

Leading private lenders expect lending momentum to continue after strong June-quarter growth, with companies increasingly opting for bank loans over costlier bond market borrowings

South Korea's AI-heavy market now sets the tone for global stocks

Fund managers worldwide are increasingly tracking South Korean equities as swings in Samsung Electronics and SK Hynix shape sentiment across global AI and semiconductor stocks

Chinese tech firms join global race to reinvent smartphones for AI era

China's ZTE unveiled NaviX Ultra, which it calls the world's first agentic AI smartphone, highlighting an intensifying race among Chinese tech firms to redefine smartphones with built-in AI sevices

Sheinbaum, Carney to attend Fifa World Cup final on Trump's invitation

Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney will attend Sunday's World Cup final in New Jersey with US President Donald Trump, amid strained regional ties

Fifa expects World Cup final to proceed despite wildfire smoke from Canada

Fifa will not shift Sunday's World Cup final between Spain and Argentina despite wildfire smoke affecting the New York area, with officials expecting air quality to improve before kick-off

US considers creating Finra-like watchdog to vet advanced AI models

The proposed regulator, modelled on the Financial Industry Regulatory Authority, would review AI safety with industry participation as the Trump admin considers a more structured oversight framework

Venezuela quake death toll tops 5K, many missing as relief efforts continue

More than three weeks after twin earthquakes devastated parts of Venezuela, the death toll has climbed to 5,069 as rescue efforts give way to humanitarian relief and reconstruction

China tops US in global favourability, shows Pew Research survey

An area the US continues to get better ratings than China is its respect for personal freedom. However, that gap is also narrowing

NSE stock draws rare 'sell' rating ahead of long-awaited IPO debut

Dolat Capital initiated coverage of the National Stock Exchange with a 'sell' recommendation, citing regulatory headwinds and high valuations ahead of the bourse's planned IPO

Manipal Hospitals cuts IPO valuation to ₹80,000 cr amid market volatility

The Temasek-backed hospital chain is expected to launch its ₹11,000 crore share sale later this month amid cautious investor sentiment

West Asia tensions, weak monsoon key risks for Indian economy: RBI Governor

RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate

Bigger electric cars leave China with damaged roads, funding crunch

China's growing fleet of large electric vehicles is increasing road maintenance costs while reducing fuel tax revenues, intensifying calls for new road funding mechanisms

India should rethink China investment policy, says PMEAC member

Rakesh Mohan, a member of the Prime Minister's Economic Advisory Council, said India should attract greater Chinese investment and strengthen trade ties to create jobs and boost exports

Trump accuses China of interfering in 2020 US elections, threatening truce

President Donald Trump accused China of interfering in the 2020 US election and stealing voter data, reviving claims that US intelligence agencies have previously debunked

NYC Mayor Mamdani rejects pay hike to $305,800 approved by lawmakers

The New York City Council approved its first salary increase for elected officials in a decade, but the mayor said he would keep his current pay

Tata Electronics to launch India's first chip fab using older technology

Tata Electronics is preparing to manufacture India's first large-scale semiconductor wafers using 90nm process technology at its Dholera plant, marking a shift from its earlier 28nm plans

Over 100 multinationals eyeing treasury operations in GIFT City: JPMorgan

More than 100 companies have approached JPMorgan to explore banking and payment solutions for treasury operations in GIFT City, reflecting rising multinational interest in India's financial hub