Page 319 - Bloomberg

How billionaire Lakshmi Mittal's brother got a $500 mn bailout in Nigeria

Pramod Mittal, whose career in the steel industry has been less glittering than his better-known sibling has a string of abandoned factories and a trail of unpaid debts to his name

Indian lenders' tech challenges frustrate efforts to grab market share

Bajaj Finance was directed on Wednesday to stop offering credit via two products that failed to comply with digital lending rules

In rare move, US revokes sanctions on China lab after Xi's fentanyl deal

The US has taken China's Institute of Forensic Science off the Commerce Department's entity list, paving for the fentanyl deal with Xi in a bid to deal with drug overdose crisis in the US.

India, Australia at risk of becoming dumping grounds for polluting cars

The financial burden of imports on developing nations will also get worse without clear goals to end sales of gasoline vehicles, Scott said

Mark Mobius joins hedge fund elite planning Dubai investing venture

The 87-year-old money manager said he's busier than ever as he looks to set up a new venture in Dubai

Xi Jinping's warm words jar with reality for foreign companies in China

"Just as some leaders of the business community have said, China has become a synonym of the best investment destination, and that the 'next China' is still China," he told the economic forum

Fallout from Musk's antisemitic post spreads, Tesla investors worried

Facebook co-founder Dustin Moskovitz, also chief executive officer of project-management software maker Asana Inc., called on the billionaire to resign

Joe Biden, Xi Jinping have far to go if they want to lift cold war clouds

After four hours of talks on Wednesday, the US and Chinese presidents offered a glimpse of just how hard it's going to be to manage their relationship away from that course.

Aston Martin owner Lawrence Stroll sells F1 team stake at £1 bn valuation

The deal comes on the eve of the much-hyped Las Vegas Grand Prix this weekend and shows the growing appeal of F1 in the US, the Aston Martin team said in a statement on Thursday

China will be at the forefront of AI, says Alphabet's Sundar Pichai

The scale of AI work in China "is just astounding to see," Pichai said at the Asia-Pacific Economic Cooperation conference in San Francisco, in an on-stage interview by Bloomberg's Emily Chang

IBM suspends X advertisements after report of placement near Nazi posts

Elon Musk, the billionaire owner of X, on Wednesday endorsed an antisemitic post on the service

Microsoft chief executive officer Nadella touts promise of 'age of AI'

The US is the 2023 rotating host for events tied to the 21-member APEC group, which originated in a vision laid out by Australia in the late 1980

Here's how Amazon is going after Microsoft's cloud computing ambitions

Since 2016, Microsoft's customers and rivals, as well as regulators, have complained that the company makes it more expensive and cumbersome to run its programs and services on rival cloud providers

World needs $172 billion more to face climate impacts than estimates show

There is not one assessment of the investment required for adaptation; in fact, there are two, and they have significantly different dollar figures

US Prez Biden backs Israel's hospital raid, hopeful on hostage release

The president said he is "mildly hopeful" Israel and Hamas can reach an agreement to release hostages held by the militant group, adding he is "doing everything in my power" to free them

China housing gloom worsens as prices decline further, most in eight years

New-home prices in 70 cities, excluding state-subsidized housing, declined 0.38% last month from September, when they dropped 0.3%, National Bureau of Statistics figures showed

Pakistan gets initial nod from IMF on $700 mn loan tranche of $3 bn scheme

The Washington-based lender announced that it reached a staff-level agreement to give the nation access to a payout of roughly $700 million - subject to approval from the IMF's executive board

Indian pharma firm recalls 27 types of eyedrops in US made for CVS, Walmart

The Food and Drug Administration warned consumers last month not to purchase or use store-brand eyedrops from Walmart Inc., CVS Health Corp., Target Corp. and other companies

Why India's cricket league should turn down Saudi's $5 bn proposal

With its active support for expanding fossil fuel use, the Saudi government is wrong partner for the IPL and global cricket to achieve these goals

India set for as much as $1.5 billion inflows with MSCI changes: Report

Nine stocks, including private lender IndusInd Bank Ltd. and wind-turbine maker Suzlon Energy Ltd., will be added to MSCI's global standard gauge on Nov. 30