Bloomberg
Bloomberg
Page 274 - Bloomberg
Pak poll results delayed, Imran Khan's party claims win in first results
This will be "probably the biggest election upset in Pakistan's political history in the last 50 years," said Mushahid Hussain Sayed, a senator with Pakistan Muslim League-Nawaz
 "Pak poll results delayed, Imran Khan's party claims win in first results")
Artificial intelligence driving more layoffs than companies want to admit
Experts struggle to get an accurate picture of just how many jobs are being eliminated as AI rapidly advances
 "Artificial intelligence driving more layoffs than companies want to admit")
Walt Disney's stock soars on strong results ahead of face-off with Peltz
The entertainment giant issued an upbeat profit outlook for the year, giving Chief Executive Officer Bob Iger ammunition to deflect proxy challenges at its shareholder meeting this spring
 "Walt Disney's stock soars on strong results ahead of face-off with Peltz")
China's central bank projects 'modest' rebound for consumer prices
In its policy report, the PBOC vowed to step up policy coordination and support consumption as well as investment, so prices stay within a reasonable range
 "China's central bank projects 'modest' rebound for consumer prices")
Bitcoin approaches $45,000 with US spot ETFs showing steady inflows
The largest cryptocurrency rose as much as 1.6% to $44,872 on Thursday. Bitcoin last traded above $45,000 on Jan. 12, the day after the ETFs began trading
 "Bitcoin approaches $45,000 with US spot ETFs showing steady inflows")
60% of scam cases in UK came from Facebook, Instagram, says Revolut
The London-based fintech found 60% of UK scam cases came from Facebook, Instagram and WhatsApp, dwarfing other platforms and frauds conducted by telephone
 "60% of scam cases in UK came from Facebook, Instagram, says Revolut")
TikTok, Meta attack at European Union's content moderation laws in court
ByteDance Ltd.'s TikTok took the European Commission to court on Feb. 6 and Meta filed its challenge a day earlier, filings show
 "TikTok, Meta attack at European Union's content moderation laws in court")
Govt will seek an end to WTO's 1998 tariff freeze on trade of digital goods
The WTO has had a moratorium on customs duties on electronic transmissions since 1998, and members have extended the rule every two years
 "Govt will seek an end to WTO's 1998 tariff freeze on trade of digital goods")
Layoffs: Is AI coming for white-collar jobs? Coders, analysts should worry
Shareholders don't seem too bothered, as seen by Meta Platforms Inc.'s recent whopping $197 billion one-day market-cap gain, and neither do politicians eager to catch up in the tech race
 "Layoffs: Is AI coming for white-collar jobs? Coders, analysts should worry")
Surge in immigration to boost US GDP by $7 trn over decade, says CBO
The agency's estimates come amid a fierce political debate in Washington over the surge of migration at the US-Mexico border and what should be done to control it
 "Surge in immigration to boost US GDP by $7 trn over decade, says CBO")
The Singapore banker who tried to be Gandalf is now running out of time
Trouble is, after more than 14 years leading DBS, the wizard of Asian banking is running out of time: Succession is on the horizon
 "The Singapore banker who tried to be Gandalf is now running out of time")
India is scorning the energy bounty that helped to transform China
However, India is desperately short of domestic oilfields. Just 2.6 billion metric tonnes of its estimated 359 billion tonnes of carbon storage capacity is in petroleum reservoirs
 "India is scorning the energy bounty that helped to transform China")
A year after Hindenburg report, Adani's fortune hits $100 billion again
The Indian mogul has regained much of his wealth after a short-seller attack sent it plunging in early 2023. On Wednesday, Adani's net worth climbed $2.7 billion to $100.7 billion
 "A year after Hindenburg report, Adani's fortune hits $100 billion again")
India must realise that its true manufacturing rival is Vietnam, not China
If you tax inputs, you are taxing your outputs, Garcetti noted. "You are not taxing us, you are not protecting the market. What you are doing is limiting a market."
 "India must realise that its true manufacturing rival is Vietnam, not China")
China replaces top securities regulator as Xi Jinping tries to end rout
The shift comes after Chinese authorities struggled to halt a selloff in the world's second-largest stock market with piecemeal support measures over the past few months
 "China replaces top securities regulator as Xi Jinping tries to end rout")
Microsoft, Amazon-backed trade body CISPE in talks over EU dispute
A representative for Microsoft said the company continues 'to work constructively with CISPE to resolve concerns raised by European cloud providers'
 "Microsoft, Amazon-backed trade body CISPE in talks over EU dispute")
No Israeli ties unless Gaza 'aggression' halted, says Saudi Arabia
Saudi Arabia has resumed talks with the US about forging closer defense ties after a pause following the start of the Israel-Hamas war, people familiar with the discussions said in late January
 "No Israeli ties unless Gaza 'aggression' halted, says Saudi Arabia")
Uber bookings beat on robust demand for rides, delivery during holidays
Revenue increased 15% to $9.94 billion, ahead of estimates for $9.78 billion
 "Uber bookings beat on robust demand for rides, delivery during holidays")
Nikki Haley loses Nevada primary to 'none of these candidates' option
No delegates were at stake and Haley didn't campaign in Nevada, contending the dynamics gave former President Donald Trump an advantage
 "Nikki Haley loses Nevada primary to 'none of these candidates' option")
Govt eyes deal with EU countries that could draw $100 billion investment
If finalised, it would mark the first time an investment commitment of this nature is secured by India as part of a free trade agreement
 "Govt eyes deal with EU countries that could draw $100 billion investment")
