Bloomberg
Bloomberg
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Nvidia CEO Jensen Huang unveils successor to its all-conquering AI chip
Huang, Nvidia's co-founder, said AI is the driving force in a fundamental change in the economy and that Blackwell chips are "the engine to power this new industrial revolution"
 "Nvidia CEO Jensen Huang unveils successor to its all-conquering AI chip")
US elections: Trump rules out Ramaswamy as running mate as he eyes new team
Trump personally told Ramaswamy he won't be his vice presidential pick, according to people briefed on the discussion,
 "US elections: Trump rules out Ramaswamy as running mate as he eyes new team")
UK tech tycoon Mike Lynch called 'massive fraud' mastermind by US
Lynch's lawyer, Reid Weingarten, countered in his opening that the government's narrative paints a black-and-white picture and "that ain't the way the world works"
 "UK tech tycoon Mike Lynch called 'massive fraud' mastermind by US")
Two tankers with Russia's Urals oil idle for weeks off West Coast of India
It remains unclear why they have been idling but there are growing signs that western sanctions are disrupting the fleet of tankers moving Russian oil
 "Two tankers with Russia's Urals oil idle for weeks off West Coast of India")
Nvidia backs little-known Yotta Data Services in India's biggest AI bet yet
The company's products are so coveted because they're essential for the development of artificial intelligence, the technology that's set off a frenzy in industries around the world
 "Nvidia backs little-known Yotta Data Services in India's biggest AI bet yet")
Didn't get notice from US officials regarding bribery probe: Adani Group
The company "states that it has not received any notice from the Department of Justice of US in respect of the allegation referred to in the said article
 "Didn't get notice from US officials regarding bribery probe: Adani Group")
Vedanta's Sterlite to transfer three power projects to GIC venture
The projects are still under development and the transfer into the Sterlite Grid 32 Ltd. joint venture has been agreed, the people said, asking not to be identified because the matter isn't public
 "Vedanta's Sterlite to transfer three power projects to GIC venture")
Xiaomi shakes up Chinese EV sector, keeping rival XPeng on its toes
Plans for the US to advance a bill that may ban Chinese biotech firms from accessing federal contracts may impact the long-term outlook for firms including WuXi AppTec Co
 "Xiaomi shakes up Chinese EV sector, keeping rival XPeng on its toes")
BAT starts $2 billion buyback after selling part of its stake in ITC
The London-listed company said it will purchase £700 million of its shares in 2024 and £900 million by the end of 2025
 "BAT starts $2 billion buyback after selling part of its stake in ITC")
India unlikely to match China's past 8-10% growth: Morgan Stanley
Even so, Morgan Stanley remains upbeat about India's prospects, and said in a recent report that the current expansion resembles that of the mid-2000s boom, fueled by rising investment
 "India unlikely to match China's past 8-10% growth: Morgan Stanley")
ANZ CEO aims to expand presence in India, China as customer focus shifts
In its home market of Australia, Elliott struck a more hawkish tone than that of the bank's economists on the outlook for interest rates
 "ANZ CEO aims to expand presence in India, China as customer focus shifts")
Several of Adani's dollar bonds fell most in over six months on US probe
US investigators are digging into whether an Adani entity, or people linked to company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project
 "Several of Adani's dollar bonds fell most in over six months on US probe")
Offshore wind's next big problem: Not enough ships, says report
As governments green their economies and utilities retire fossil-fuel power stations, wind installations are emerging as one of the most popular forms of alternative energy
 "Offshore wind's next big problem: Not enough ships, says report")
Saudi Arabia's sovereign wealth fund in talks to buy national airline
The PIF would be taking over ownership of the airline from the government with a view to improving efficiency and profitability
 "Saudi Arabia's sovereign wealth fund in talks to buy national airline")
Boeing's pain spreads to travelers as airlines cut back on plans
Airbus, Boeing's main competitor, is largely sold out through the end of this decade, so there isn't an obvious place for airlines to turn
 "Boeing's pain spreads to travelers as airlines cut back on plans")
Tech hub Bengaluru faces severe water shortages as summer approaches
About 7,000 borewells have dried but authorities are making other arrangements, Karnataka Deputy Chief Minister D.K. Shivakumar said last week, adding there is no crisis
 "Tech hub Bengaluru faces severe water shortages as summer approaches")
US polls: Trump threatens 100% tariffs on Mexican-made cars by China firms
Trump addressed Chinese President Xi Jinping directly during a rally speech in Dayton, Ohio on Saturday when threatening the tariffs
 "US polls: Trump threatens 100% tariffs on Mexican-made cars by China firms")
Meltdown in India's smaller stocks seen luring dip buyers to market
Bulls say the blowout returns in smaller companies stem from robust corporate profit growth in recent years
 "Meltdown in India's smaller stocks seen luring dip buyers to market")
China's bank loans expanded at the slowest pace on record in February
The stock of aggregate financing - a broad measure of credit - expanded just 9%, also near a record low
 "China's bank loans expanded at the slowest pace on record in February")
US prosecutors probing Gautam Adani and his group over potential bribery
The DOJ probe hasn't stopped Washington from working with Adani Group entities
 "US prosecutors probing Gautam Adani and his group over potential bribery")
