Page 320 - Bloomberg

Italy exits Moody's junk danger zone in big win for PM Giorgia Meloni

Her budget then sent the spread between bonds of Italy and Germany - a key measure of risk in the region - to 210 basis points for the first time since January

China's Xi calls for Asia-Pacific regional peace as he wraps up US trip

"The fundamental goal of China's development is to improve the well-being of the Chinese people, not to replace anyone," the state-run Xinhua News Agency cited him

OpenAI President Brockman says he's quitting after Sam Altman ouster

"I'm super proud of what we've all built together since starting in my apartment 8 years ago," Brockman wrote in a post on the social media site X

OpenAI interim CEO Murati urges focus, stresses Microsoft support

Murati also urged employees still reeling Friday from the sudden departure of Altman, one of the most prominent figures in the artificial intelligence industry, to focus on their work

Weddings blitz opens up a $51 billion business opportunity for India

Despite inflation hitting the less well off particularly hard this year, the season's first weeks are expected to see good business

Altman ousted from OpenAI, board says it lost confidence in him as leader

Mira Murati, an Albanian-born Dartmouth-educated engineer who helped develop some of OpenAI's best-known products as its chief technology officer, will serve as OpenAI's interim chief executive office

Rich nations 'likely' met $100 billion climate finance goal in 2022

While that figure pales in comparison to the trillions of dollars that are needed to help developing nations decarbonize their economies and adapt to a warming world, it is still a symbolic milestone

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

Crude oil sinks into a bear market, all eyes on Opec+ leaders meet

The International Energy Agency said earlier this week that production growth means the global market won't be as tight as had been expected this quarter

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