Page 265 - Bloomberg

Number of ultra rich grows, more worth over $100 bn than ever before

Leading the pack is LVMH founder and Chief Executive Officer Bernard Arnault, 75, with a net worth of $222 billion

US Fed's NY prez Williams sees no current reason to change policy stance

Fed officials have pushed out expectations for the first interest-rate cut, emphasizing a need to keep borrowing costs elevated for longer amid disappointing inflation prints in the first quarter

JPMorgan CEO Jamie Dimon sees 'lot of inflationary forces in front of us'

'If you have higher rates and - God forbid - stagflation, you will see stress in real estate and leveraged companies, and private credit,' Dimon said

Netflix nears deal for 2 NFL games on Christmas, extending push into sports

The three-season pact will also see Netflix host at least one Christmas game in both 2025 and 2026, the league and the company announced on Wednesday

India sees forex reserves as main tool to manage bond index inflows

The Reserve Bank of India plans to absorb the inflows and match the outflows using its near-record high $642 billion reserves

Warren Buffett's Berkshire Hathaway reveals $6.7 bn stake in insurer Chubb

The conglomerate has also invested in other businesses in the insurance industry. Berkshire owns a stake in Aon Plc, a major broker, and has previously bet on rivals including Marsh & McLennan Cos

Tesla must face claims it misled buyers about autopilot and self-driving

Musk declared in April that Tesla is going balls to the wall for autonomy while committing the car maker to a next-generation, self-driving vehicle concept called the robotaxi

Boeing has a month to stop possible prosecution over 737 Max crashes

The US industrial giant faces significant scrutiny by the Justice Department after a string of safety failures

Rare blood clots from J&J and AstraZeneca Covid shots linked to genetics

Out of more than 18 million people who received the single-dose J&J vaccine, 60 cases of the clotting disorder were reported and nine people died, according to the Yale School of Medicine

Paramount holds talks with Amazon to expand partnership in media businesses

Paramount has also had discussions with Comcast Corp. about a streaming joint venture

Biden's efforts to reshape global supply chains gather pace in Asia

Taiwan's booming exports to the US are just one example of the way great-power tensions have already reshaped supply chains - and how China is getting left out of some of them

Climate change could lead to spread, worsening of mental conditions: Study

"In order to work properly, the brain has to be maintained within a relatively narrow temperature range," said Sanjay Sisodiya, a professor at the UCL Queen Square Institute of Neurology

Class-action suits come to the rescue of investors in Indian mkts, finally

It's only now that the tool is finally being put to use. Two separate challenges are being heard by India's company law tribunal

Fatal heat waves are testing India's ability to protect 1.4 billion people

Attempts in Kolkata and across India to improve resilience to extreme heat have often been equally ill-conceived, despite a death toll estimated at more than 24,000 since 1992

LS polls 2024: Foreign investors most short on India stocks since 2012

Modi is still widely expected to secure a third successive five-year term with the leader having predicted that his Bharatiya Janata Party and its allies will win more than 400 of the 543 seats

Google's new project Astra represents future of AI-powered assistants

According to Google, some features of Project Astra could come to Gemini, the company's powerful AI model, toward the later half of this year

Microsoft's AI push imperils climate goal as its carbon emissions jump 30%

The Seattle-based company's total planet-warming impact is about 30% higher today than it was in 2020, according to the latest sustainability report published Wednesday

Too many unsold homes? China considering govt purchases to ease glut

Local state-owned enterprises would be asked to help purchase unsold homes from distressed developers at steep discounts using loans provided by state banks, according to two of the people

$700 mn buyout deal shows new way of moving assets, holding equity in India

A relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer

Global funds eye India's maturity bonds betting on RBI's policy shift

The proportion of foreign money allocated to local bonds due in 10 years or more climbed to 17 per cent last week, up from just 11 per cent in September