Page 534 - Bloomberg

Was joking about buying football club Manchester United, says Elon Musk

Musk has a track record of using Twitter to make jokes and troll the media, which follows his tweets closely

UK inflation hits double digits in July for the first time in 40 years

The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before

Norsk Hydro shuts aluminum plant in Slovakia as Europe's power woes deepen

Aluminum is one of the most energy-intensive metals to produce, and closure of the Slovalco facility adds to growing signs of stress in Europe's industrial economy as power prices surge to record high

Goldman Sachs sees India bonds getting added to JP Morgan index in 2023

The development is expected to trigger passive inflows of about $30 bn that will help the country finance its current account and fiscal deficits

Here is why China may not impose stronger trade restrictions on Taiwan

The value of trade targeted by China's sanctions contributes a tiny amount of less than 1% to Taiwan's gross domestic product, according to economists

Donad Trump asks appeals court to scrap New York probe of his assets

Trump's lawyer asked a federal appeals court to block New York's investigation into potentially fraudulent asset valuations at his sprawling real-estate company

Musk tweets about buying Manchester United while joking on US politics

Elon Musk made the claim in a tweet thread where he stated he supported the left half of the Republican Party and the right half of the Democrats

Yale, Columbia, MIT lose bid to end suit alleging collusion in admissions

The suit accuses the varsity 'cartel' of a scheme to set financial aid according to a common formula rather than offering the most generous package

Twitter has to give Elon Musk only ex-product head's data on bots: Court

Twitter needn't "collect, review, or produce documents" from any of the other 21 additional custodians Elon Musk asked for: Court

Apple lays off recruiters in a push to rein in hiring and spending

About 100 contract workers were let go in a rare move for Apple, the world's most valuable company

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Rakesh Jhunjhunwala's near $4-bn stock holdings in focus after death

Jhunjhunwala was among the most influential market voices in Asia's third-biggest economy, with an intense following among the nation's growing horde of retail investors.

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia's export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes

'Too little, too late': China interest rate cut spurs call for more moves

Unlike many advanced economies right now, China's core inflation -- which excludes volatile energy and food prices -- is pretty tame, slowing to merely 0.8% in July

Full-scale nuclear war could kill 5 billion people, shows new study

Five billion people would die in a modern nuclear war with the impact of a global famine, likely to far exceed the casualties caused by lethal blasts, a new study showed

Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam

Matt Maley, chief market strategist at Miller Tabak & Co, said that the pullback was natural, as investors took 'some chips off the table'

Alibaba, ByteDance share 'prized algorithms' with Beijing for first time

The algorithms that decide which TikTok videos, WeChat posts and Instagram photos users see are considered the secret sauce of many online services

WeWork founder Neumann's new startup gets backing from Andreessen Horowitz

The investment in Flow, a residential real estate company led by Neumann, is roughly $350 million, according to the New York Times

Driven by pouring tourists, Thailand's baht achieves year-end targets

The currency jumped 2.3 per cent to about 35.45 per dollar this month, leading gains in Asia by a wide margin

Need to fix the concept of food subsidies to tackle world hunger crisis

Subsidizing food is largely not an activity that involves the world's poorest people who are most at risk of hunger, but its richest and most amply-fed