Page 390 - Bloomberg

Death rate gap between Black, White Americans hits a 20-year high

Black people in the US saw more than 1.6 million excess deaths when compared to the country's White population over the last two decades

Warren Buffett's Berkshire reworks banking bets amid turmoil, exits TSMC

The conglomerate was a net seller of equities in the quarter, pocketing $10.4 billion from stock sales after deducting purchases

Twitter Inc, Saudi Arabia sued for allegedly helping to silence critics

The suit claims the Saudis have targeted numerous dissidents since the murder of Jamal Khashoggi

Wells Fargo accused of misleading statement, to pay $1 billion in lawsuit

The investors sued the bank in 2020 claiming that its former chief executive officer, Tim Sloan, and other executives made misleading statements in testimony

OpenAI's CEO Altman casts global gaze in urging AI regulation in US

Congress is debating the potential and pitfalls of artificial intelligence as products like ChatGPT raise questions about the future of creative industries and the ability to tell fact from fiction

Big money rushes into carbon capture and storage. Can it deliver this time?

But after decades of failing to reach the scale needed to make a real difference, the people responsible for approving generous subsidies and directing billions in investment want proof

Singapore Airlines reports record annual profit in 76-year history

The airline said it could ramp up operations at short notice when demand for air travel surged after Singapore fully reopened its borders in April 2022

Credit Suisse deal set to face historic parliamentary probe in its collapse

The oversight committees of both houses voted in favor of installing a parliamentary inquiry commission, or PUK, on the sale of Credit Suisse announced in March

UK doesn't work for other global regulators, says Antitrust head Cardell

Sarah Cardell, the Competition and Markets Authority's chief executive officer, was asked by UK lawmakers how often the agency had been in discussions with the US Federal Trade Commission

Alphabet Inc adds $115 billion in value after defying AI doubters

With excitement around AI building, Alphabet had largely missed out on the stellar gains seen by many of its tech peers

Home Depot cuts outlook as softening demand hits first quarter sales

The company now expects comparable sales to decline as much as 5% this fiscal year - the first annual fall in 14 years - following a bad start to the year affected by lumber deflation and poor weather

Senior Tesla executives to visit India this week in pivot beyond China

The executives are scheduled to meet govt representatives including those from the office of Prime Minister Narendra Modi to discuss local sourcing of components for Tesla's models

Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan

Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments

Shapoorji Pallonji Group taps private credit market to raise $1.6 bn

The group has been seeking ways to free up cash as rising interest rates bite

Morgan Stanley weighs 7% cut in Asia-Pacific investment banking workforce

The New York-based firm already axed about 50 investment-banking jobs in Asia by the end of last year after a plunge in deals, and a significant number of those were China-focused roles

RBI board expected to consider dividend payout to government on Friday

The government has budgeted to receive a total Rs 48,000 cr ($5.8 bn) from the RBI and other financial institutions it holds stakes in

Pak army refuses to exercise restraint on mobs attacking military property

The military's sharp reaction marks another escalation in an ongoing showdown between Pakistan's most powerful institution and Imran Khan, who was arrested by an anti-graft agency

US to buy 3 mn barrels of crude oil to replenish reserve in August

The announcement sent US oil futures 0.5% higher to trade above $71 a barrel.

It may not help: WHO on use of artificial sweeteners for weight loss

Artificial sweeteners were also linked with higher risk of developing type 2 diabetes and cardiovascular disease, as well as of dying, according to the WHO

Energy revolution: Hitting the brakes on growth isn't fair to poor nations

In India and nearly everywhere else, utilities are the main customers of solar and wind power. But electricity is only one part of our carbon footprint