Page 72 - Bloomberg

SpaceX eyes share sale deals, valuation likely to hit around $400 billion

This would mark the largest-ever valuation for a privately held US company, surpassing SpaceX's previous record of $350 billion from its share buyback in December

Meta invests $3.5 bn in world's largest eye-wear maker in AI glasses push

Facebook parent Meta acquired just under 3 per cent of Ray-Ban maker EssilorLuxottica. Menlo Park, California-based Meta is considering further investment

US slaps sanctions on firms linked to North Korea's fake-tech-worker scheme

Thousands of North Korean workers have been posing as nationals from other countries to infiltrate companies in the US and around the world, said the US government

OpenAI CEO Altman looks to Zuckerberg reunion amid employee poaching spat

OpenAI's Altman hasn't yet spoken to Zuckerberg since the Meta's chief executive officer poached some of OpenAI's top engineers, but he's anticipating a meeting this week

Trump puts pressure on Asian ally South Korea to pay more for its defence

The pressure from Trump comes as North Korea appears to be more emboldened through its growing partnership with Russia

China's blistering heat leaves workers exposed as gig economy booms

According to The Lancet, yearly heat wave-related deaths in China have now nearly doubled compared with 1986 to 2005, with more than 37,000 deaths in 2023 alone

Virgin Atlantic signs deal to use Musk's Starlink for fleet Wi-Fi

The British long-haul carrier will start installing Starlink on its aircraft next year and expects to finish the full retrofit by the end of 2027

Donald Trump's tariff 'blank check' must be curbed: Businesses to US court

A group of small businesses that won an order finding President Donald Trump's sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies

Brics isn't anti-American, but Donald Trump's threats could make it so

At the Brics meeting this week in Brazil, leaders jointly condemned the 'indiscriminate rising of tariffs,' in a swipe at President Donald Trump's trade policy

Apple supplier Lens Technology to debut in Hong Kong after $607 mn float

Headed by China's second-richest woman, Lens Technology is the latest China-traded company to set its sights on Hong Kong

Trump says Powell should 'resign immediately if Congress misled'

Trump reiterated his criticism of the Fed chair in a Cabinet meeting Tuesday, calling Powell "terrible," and telling reporters that deceiving Congress would be grounds for a swift exit

US Immigration curbs to hit economy hard in 2025, finds Fed study

Immigration at the US-Mexico border dropped sharply last year and continued to decline after President Donald Trump's election

Jane Street shows dangers of treating finance as 'shampoo sachet'

Sebi's trading ban on Jane Street and freezing ₹4,840 crore ($570M) profits sends shockwaves through global finance and algorithmic trading markets

Asia remains in Trump's tariff sights as deadline moves to August 1

The extension leaves Asia's economies squarely in the US administration's tariff sights while giving officials a little over three additional weeks to negotiate lower rates

Samsung's profit halves, falls 1st time since 2023 on chip business crisis

The disappointing results underscore how South Korea's largest company has ceded leadership in the AI market to SK Hynix Inc. in the post-ChatGPT infrastructure boom

NSE GIFT City exchange plans first equity listing in foreign currency

The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut

US airport security may soon drop shoe removal rule for all travellers

TSA's reversal would end a policy that has been for nearly two decades one of the most visible - and criticized - features of the post-9/11 heightened US airport security system

Apple's top AI models executive leaves to join Meta's AI expansion drive

Apple's overall AI strategy is now run primarily by Craig Federighi, Apple's head of software engineering, and Mike Rockwell, who helped create Apple Vision Pro headset, now leads engineering for Siri

Iran's Prez Pezeshkian says he's open to talks with US despite strikes

Pezeshkian claimed the Trump administration authorised Israeli attacks on Iran that began on June 13

Xiaomi succeeds where Apple failed as its new EV surpasses 289K orders

Xiaomi has set a delivery target of 350,000 units in 2025, up from its previous goal of 300,000, buoyed by demand for the newly launched YU7 and a ramp up in production