Page 523 - Bloomberg

Office rents in Dubai rebounding, rising faster than in New York, London

Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.

Google 'pro-competitive', says Sundar Pichai, sees vibrant tech market

Pichai made the remarks late Tuesday at the Code Conference in Los Angeles. He said the company is "pro-competitive" and named companies including Apple Inc. and Microsoft Corp. as competitors.

Whistleblower never flagged spam, Twitter tells judge in buyout case

None of former security head Peiter Zatko's questions "had anything to do with spam" until he filed his whistler-blower complaint, Twitter said

Elon Musk urged bankers to slow Twitter deal on war risk, lawyer says

Twitter lawyers are using Elon Musk's text messages to try to convince a Delaware judge that the billionaire wants to abandon his $44 billion deal to acquire the company because of buyer's remorse

Gautam Adani's rise to 3rd richest came as stock jump topped 1,000%

During a year in which many fortunes around the world have crumbled, his net worth has nearly doubled, increasing $64.8 billion to $141.4 billion and making him the third-richest person on the planet

Dubai office rents are rising faster than in New York and London: Report

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 800 feet over the financial district

Aluminium stocks jump as traders eye shift from shortage to glut

Warehouse stockpiles tracked by the LME jumped by 11% on Tuesday, the biggest increase since February, and rebounding from a three-decade low struck in August

Bitcoin is seen poised to escape from tightest trading range in two years

Bitcoin, which accounts for about 40 per cent of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020

Adani Power to start exporting electricity from India to Bangladesh

Adani Power Ltd. will commission a 1.6 gigawatt facility in Jharkhand state and a dedicated transmission line for the exports by Dec. 16, Adani said in a Twitter post late on Monday

Windfall profit taxes are pure economic populism and thus bad policy

Germany's government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies

Crypto traders in bullish mode despite hawkish Fed comments on inflation

Bitcoin, which accounts for about 40% of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020

With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making

CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems - both in high demand

Volkswagen AG seeks to defy market gloom going ahead with Porsche IPO

Volkswagen AG is planning the initial public offering at the end of September or beginning of October, subject to further developments in capital markets

Fitch warns of high risk Sri Lanka may default on local currency bonds

Fitch Ratings's 'CCC' rating on long-term local currency debt that was affirmed in May "reflects a high risk that local-currency debt will be included in debt restructuring

California calls grid emergency with power use at 5-yr high amid heat wave

California declared a power grid emergency as a blistering and sustained heat wave threatens to push the state's electricity system to its limit

Gautam Adani is searching for new group M&A chief, says report

Vinod Bahety, who's been helming Adani Enterprises Ltd.'s M&A activity, will move to a new business vertical and a formal announcement could come as soon as this month

OPEC-plus agrees to make token supply cut for Oct to steady oil market

The group will reduce production by 100,000 barrels a day next month, taking supplies back to August levels, it said in a statement

Adani Group cites reduced debt load to rebut overleveraged view

Using figures that differed from those cited by CreditSights in the report last month, the conglomerate said the leverage ratios of its companies 'continue to be healthy'

China cuts forex reserve requirement ratio in bid to support tumbling yuan

Financial institutions will need to hold 6% of their foreign-currency deposits in reserves starting from Sept. 15, the PBOC said in a statement on Monday-- lower than the current level of 8%

World's deadliest roads in focus after Cyrus Mistry's fatal crash

Prior to the pandemic, there was one deadly road crash in India every four minutes, equal to 11% of all crash-related deaths globally