Page 32 - Bloomberg

AI startup sues US over export curbs on Anthropic's advanced models

The suit, filed Tuesday in federal court in Washington, comes less than two weeks after Anthropic disabled access to its most advanced AI models, Fable 5 and Mythos 5

Meta's Cox sought Kunal Shah's advice on WhatsApp, then made him leader

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp

Clive Davis, architect of Columbia and Arista's success, dies at 94

The influential record executive helped build Columbia into a music powerhouse, launched Whitney Houston's career and revived the fortunes of several legendary artists

Intensifying heat wave threatens record-breaking temperatures across Europe

The heat wave is spreading north from mainland Europe, where it's plagued France for nearly a week

Renault reminds Nissan of its clout with ouster of key director Motoo Nagai

The French carmaker, which holds 15% of voting rights, abstained from voting for Nagai, and he failed to garner enough shareholder support for reappointment at Nissan's annual meeting Tuesday

South Korean stocks tumble 10% from record, triggering trading halt

The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange

Iran rushes to woo Asia's largest oil importers after US sanctions waiver

Sellers including middlemen and representatives from the National Iranian Oil Co. made contact with refiners in India, Japan, South Korea and elsewhere even before the license was officially granted

SpaceX shares slip for third day, shedding $600 billion in market value

The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its 3-day loss to 23% and erasing over $600 billion in value over that period

Trump signs orders to speed up US quantum adoption, boost cyber defences

The orders would boost the US 'as the world leader in this very important emerging field,' Trump said at the White House

Govt to share rocket technology to hasten development of local space firms

The move is designed to bolster production of Indian rockets as the country seeks to become a hub for small satellite launches

Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes

The company's global headcount shrank to 141,000 full-time employees as of the May 31 end of the fiscal year, compared with 162,000 a year earlier

Jio, NSE IPOs to test cautious retail investors amid market uncertainty

While global capital chased the AI semiconductor booms in Taipei and Seoul, tripling Korean stocks and doubling Taiwanese equities, the benchmark Indian index hasn't gone anywhere in the past 2 years

India's biggest equity fund makes contrarian bet on IT stocks amid AI fears

PPFAS Mutual Fund's $14.9 billion Flexi Cap Fund has added exposure to IT services companies over the past three months to May as valuations cooled sharply

Alan Greenspan, who led Fed during boom before 2008 bust, dies at 100

Greenspan, who led the US Federal Reserve from 1987 to 2006, was celebrated for steering economic expansion but later faced criticism over the financial crisis that followed

Europe braces for prolonged heatwave as France, UK issue red alerts

A powerful heatwave sweeping western Europe has triggered red alerts, school closures and energy concerns, with forecasters warning of further extreme temperatures through July

Meta taps Kunal Shah to head WhatsApp as part of $900 mn Cred investment

The investment gives Meta a roughly 20 per cent stake in Cred, which operates an app that rewards customers for paying their credit card bills on time

Iranian crude prices slashed as more shipments exit Strait of Hormuz

At least 11 tankers carrying a combined 20 million barrels were detected leaving the Iranian port of Chabahar in recent days, Bloomberg shipping data show

Trump rebuilds US tariff wall, reshaping global trade winners and losers

US Trade Representative Jamieson Greer's trip to India this week may provide a preview of what countries with deals should expect

Global banks drive record surge in India's asset-backed securities market

Foreign banks' share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years

Qatar brings more LNG tankers through Strait of Hormuz as exports rise

Qatar halted output early in the conflict between the US and Iran after attacks on its vast liquefaction facilities and the closure of the strait, which blocked its route to international markets