Page 8 - Bloomberg

Meta ran hundreds of ads showing AI child sexual abuse, NGO says

The ads collectively reached more than 29,000 people and typically used artificial intelligence to depict young children being molested, TTP said

India eyes AI for next finance leap after digital payments revolution

AI could take India's financial system beyond simply processing transactions, helping assess borrowers, detect fraud, tailor financial products and eventually make payments on behalf of consumers

Novartis faces third clinical-trial setback in a week as muscle drug fails

The medicine, called del-desiran, was the centerpiece of Novartis's $12 billion takeover of Avidity Biosciences and touted as a potential blockbuster

High-speed trader AlphaGrep raises ₹200 crore via bonds after RBI curb

The Mumbai-based firm is raising ₹200 crore ($21 million) through bonds with a maturity of about one year and a 10.5% coupon, payable quarterly

Fight over Tata Group's soda-ash mine divides impoverished Kenya region

Residents of the villages around Lake Magadi, Africa's biggest for the trona mineral that's converted into soda ash, are split on whether Tata should stay on or leave

Copper hits record high as tight supply, US tariff fears boost prices

The industrial metal rose for a fourth day on the London Metal Exchange, touching an all-time peak of $14,617 a ton

Bitcoin hack drains $320 mn from crypto network in latest security breach

Roughly 4,000 of the 4,200 Bitcoin held in a wallet used by Liquid Network were taken, the platform operator said

Samsung buyback highlights South Korea's 45% preferred stock discount

More than 100 South Korean companies, including Hyundai Motor Co. and LG Chem Ltd., have issued preferred shares, raising capital without diluting founding families' voting power

ByteDance joins AI elite in race to build next generation of world models

Founder Zhang Yiming is personally overseeing the development of a new model slated for launch as soon as next month

Jio Platforms plans to kick off investor outreach for its IPO next week

Jio Platforms filed draft documents for the offering on June 19 and received approval from the Securities and Exchange Board of India on Aug. 28

Novo Nordisk's Wegovy helped 40% of young children beat obesity: Study

The drug helped older kids lose weight in earlier studies but this marks the first trial looking at its effect on young children.

Blackstone among firms in fray to buy Fairfax stake in IIFL Finance

Blackstone is in talks with Fairfax and other shareholders to acquire the stake in IIFL Finance

Huawei's $3,000 device leads China's answer to Apple's foldable iPhone

The new foldable is significant for ushering in Huawei's LogicFolding chip design philosophy, with its Kirin 9050 Pro processor the first silicon to be developed under that program

Huawei, Xiaomi unveil top phones ahead of Apple's first foldable iPhone

Huawei on Monday will unveil the latest edition of its ultra-premium trifold device, the Mate XT 2, which has two folding mechanisms

Russian ambassador slams 'pressure tactics' over oil sales to India

The envoy's comments come after President Vladimir Putin and Prime Minister Narendra Modi met last week at the Shanghai Cooperation Organisation in Bishkek

UK government rules out Jaguar Land Rover bailout over 4,000 job cuts

JLR is set to cut 4,000 positions or roughly 10% of its global workforce over the next two years as the UK's largest carmaker confronts soaring costs, plummeting sales and US tariffs

Nepal's request for flood payout tests UN's new climate-aid system

Nepal is seeking compensation for climate change-related damages from a United Nations fund set up to help developing nations deal with the worst impacts of global warming

ECB doubles down as G7's hawk with second rate hike likely this week

In a move set to reaffirm the ECB as the most hawkish central bank among the Group of Seven, a quarter-point increase on Thursday has been widely signaled

Traders turn to bullish Chinese stock bets as AI trades crowd Korea, Japan

Trading desks from Barclays Plc to UBS Group AG are seeing rising client demand for bullish options and swap contracts tied to China's CSI indexes in recent weeks

JLR plans 4,000 job cuts over two years amid sales slump, US tariffs

Jaguar Land Rover plans a voluntary redundancy programme as it targets 1.7 billion euros in savings over two years and seeks to lower its break-even point