Page 5 - Bloomberg

West Asia crisis threatens Saudi Arabia's $38 billion video game push

Recent attacks on Saudi Arabia by Iran are impacting business leaders' faith in the country's goal to grow into a cultural centre for video games, sports and entertainment

Two tankers attacked in Iraqi waters; oil terminals suspend operations

Iraq's State Organization for Marketing of Oil, or SOMO, named the tankers as Marshall Islands-flagged Safesea Vishnu and Malta-flagged Zefyros

UN Security Council condemns Iran strikes on neighbouring Gulf countries

The Council voted in favour of a resolution that condemned the strikes carried out by Iran using missiles and attack drones against Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the UAE and Jordan

Brent tops $100 as Iran attacks tankers in Iraq, Oman clears oil terminal

The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96

Iran lists 3 demands to end war: Reparations, rights, security guarantees

It's unclear if the US is willing to give Iran such a pledge and if it would be able to insist on Israel doing the same

IEA to release record 400 million barrels of oil from stockpiles

The IEA, which co-ordinates stockpile releases for OECD countries, has said its 32 members hold more than 1.2 billion barrels in public emergency stockpiles

Shell declares force majeure on Asia LNG deals after Qatar plant shutdown

Shell has an equity partnership with QatarEnergy in the massive Ras Laffan LNG plant, the largest single plant in the world, which shut down last week following a drone attack on the facility

India, Bangladesh urea firms shut operations as war disrupts LNG flow

LNG is the primary feedstock for urea production, serving as an energy source and a key input in making the world's most widely used fertilizer

Adani Energy raises $500 mn bilateral debt from Apollo Global Management

The financing underscores the financing shift for Adani, historically one of the largest Indian issuers, as it borrows to fund ambitious capital spending plans while facing elevated borrowing costs

Global banks push back on RBI's plan for offshore rupee trade reporting

Banks told the RBI the proposal could breach client confidentiality and conflict with data and reporting rules in other jurisdictions

Sachin Katti: The former academic behind OpenAI's trn-dollar AI buildout

Katti, previously Intel's chief technology and AI officer, joined the ChatGPT maker in November to serve as its head of industrial compute

Anthropic tells judge billions of dollars at stake if US shuns AI tool

The startup made a case for urgency to US District Judge Rita F. Lin at a hearing in San Francisco a day after Anthropic sued the Defense Department over the supply-risk designation

The dark side of India's digital gold rush: How consumers are misled

A fundamental disregard for an individual's choice and data sovereignty is the dark side of India's digital gold rush

Former PM Churchill to be removed from UK banknotes as cash gets new look

The Bank of England held a public consultation on refreshing its money last year and found nature emerged as the 44,000 responses' most popular theme

Snabbit founder seeks fresh funding in India's $60 bn housework market

Less than 1 per cent of paid household help is currently ordered through online platforms, Redseer estimates, leaving them with ample room to gain market share

Global hunt for LNG intensifies as West Asia conflict cuts supply

The conflict has shut down Ras Laffan, the world's largest LNG export facility in Qatar, and halted traffic through the Strait of Hormuz

Gita Gopinath warns fiscal space 'depleted' for long-lasting Iran war

Gita Gopinath said the world economy is already facing a slowdown in growth in 2026 due to higher oil prices in the wake of the conflict that erupted less than two weeks ago

Aramco CEO warns of catastrophic oil market impact from prolonged Iran war

Saudi Arabia is reducing output by as much as 2.5 million barrels a day, joining United Arab Emirates, Iraq and Kuwait in deepening cuts, Bloomberg reported on Tuesday

Ackman seeks $10 billion in New York IPO of Pershing Square and Fund

Ackman is eyeing a dual public offering for Pershing Square and a US-listed closed-end fund called Pershing Square USA, which he had previously sought to take public in 2024

SBI shuns payments for Russian oil despite US waiver amid uncertainty

The state-owned bank believes that engaging in such business could expose it to risks as it has a sizable loan portfolio in global markets, and also hurt its reputation