Page 4 - Bloomberg

Global food prices hit 3-year high as Iran war disrupts supply chains

United Nations' index of food-commodity prices gained 1.6 per cent in April, led by higher vegetable oil, meat and cereal prices

Airtel Africa delays IPO of mobile money unit to second half of 2026

Airtel delayed the proposed IPO to the second half of the year from the first because of the war in Iran

Piramal Finance planning to raise $1 billion via foreign currency loans

Piramal Finance Ltd will mainly tap foreign banks and multilateral agencies for the loan, with tenors ranging from three to five years, Chief Executive Officer Jairam Sridharan said

Asia's heat waves spell double trouble for economies hit by oil price shock

Inflation accelerated to multiyear highs across much of Asia, latest figures showed, led by higher transport, logistics and utility costs

Trump-Xi summit stays on track despite China's hesitation over Iran crisis

Trump and Xi Jinping are slated to meet May 14-15 after their summit was rescheduled once due to the war, which has triggered an energy crisis and restricted supplies to importers of West Asia crude

Judge denies Google bid to pause search data-sharing order in monopoly case

US District Judge Amit Mehta denied Google's request for now, saying that any data sharing is at least months away and therefore the company is not at risk of any immediate harm

Berkshire Hathaway's retirement gift for CFO: 30 NetJets hours per year

Hamburg will be granted as many as 30 hours of flights a year on mid-sized jets operated by Berkshire-owned NetJets Inc. through May 2037, the company said

US strikes Iran after attack on destroyers; Trump pressures Tehran for deal

Trump told reporters the ceasefire was still in effect despite the back-and-forth, downplaying Iran's actions while warning of consequences if a deal wasn't struck

US court finds Trump's latest 10% tariffs unlawful, blocks enforcement

Trump had imposed the 10% duties in February under Section 122 of the Trade Act of 1974, which had never previously been invoked

AI bots auditioning for Wall Street trading are mostly losing money

Public AI trading contests show leading models still struggle to beat markets consistently, highlighting limits of generative AI in fund management

Marco Rubio discusses West Asia with Pope after Trump dispute

US Secretary of State Marco Rubio met Pope Leo XIV at the Vatican amid tensions sparked by Donald Trump's criticism of the pontiff over the Iran conflict

US waits on Iran's peace deal response as Israel strikes Lebanon

The US awaits Iran's response to a proposed peace deal as tensions persist in the West Asia, with Israel resuming strikes near Beirut despite a Lebanon ceasefire

Tata, JSW Group to invest nearly $1 billion in EV, battery technologies

Tata Group and JSW Group are separately funding research and development centers aimed at building in-house expertise in next-generation battery technologies and advanced EV systems

Noel Tata's opposition to Tata Sons' listing creates rift within Group

Trustees at Tata Trusts are set to push for listing Tata Sons under RBI norms, exposing internal differences as Noel Tata seeks to keep the holding company closely held

Mauritius targets 100 millionaires a year with $1 mn Golden Visa Programme

From AI to Beachfront Villas: Mauritius Courts Global Wealth with New Visa Program

AirAsia signs major deal, orders 150 Canada-made Airbus A220 jets

The deal is potentially worth about $6.8 billion, based on Ishka data that values new A220-300s jets at $45 million apiece

Elon Musk weighed offering Sam Altman a Tesla board seat, jury told

Musk and his fellow OpenAI co-founders were then in the midst of negotiations about the future of the AI nonprofit and how they could secure enough funds to meet their computing needs

Trump tariff refund payouts start hitting US importers' bank accounts

The refund payments mark a milestone in the fierce legal fight over one of the president's signature economic policies. Hundreds of thousands of importers paid the contested tariffs

Eli Lilly's Mounjaro overtakes Merck's Keytruda as world's top-selling drug

Mounjaro generated $8.7 billion for Lilly in the first quarter of 2026, outperforming Merck's Keytruda, which posted sales of $7.9 billion

Prada faces a devil of dilemma, but India too has deeper issues to address

India's GI-tagged crafts like Kolhapuri chappals lack the strong global legal safeguards enjoyed by Western products such as Champagne, leaving traditional artisans vulnerable to misuse