Page 8 - Bloomberg

Israeli Arabs seek record turnout to oust Netanyahu in tightly fought vote

Arab parties could hold the balance of power in Israel's October 27 election as voters seek action on violent crime and discrimination under Netanyahu's far-right government

Cockroach protests pose fresh challenge for Modi govt amid voter roll row

Opposition demands for Gyanesh Kumar's resignation over voter-roll revisions have put the government under pressure, as arrests and security restrictions risk fuelling wider protests

Crypto devices built to foil hackers may have come with spies inside

Malaysian retailer CryptoBilis, a reseller of hardware crypto wallets, has become a focal point of an investigation into thefts from devices meant to secure digital assets offline

ECB officials see December rate hike as uncertainty clouds 2027 outlook

Policymakers see December as the likeliest time for a rate increase, while rising bond yields, high energy costs, AI investment and uncertainty over US policy complicate the outlook for next year

Apple appoints Meta veteran Scott Tucker to lead global litigation

Tucker will oversee commercial and patent litigation worldwide and legal matters involving Apple's financial services as the company faces mounting lawsuits under General Counsel Jennifer Newstead

OpenAI poaches another SpaceX sales lead for cybersecurity business

Graham Seamans, who led xAI's sales team since August 2025, joins OpenAI's cyber team as the ChatGPT maker expands enterprise sales and explores new revenue streams ahead of a potential public listing

Trump waives Russia energy tariffs and sanctions under Graham law

Waiving the law avoids a potential clash with the top purchasers of Russian energy products, India, China and Turkey

Ambani taps Reliance's 420,000 employees to boost Jio IPO participation

The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing

Renewable energy demand could rise as data centres surge in India

CleanMax founder Kuldeep Jain estimated that 5 GW of data centre capacity could require 30-40 GW of renewable power, as US backlash and West Asia conflict risks boost India's appeal

Fund managers halt inflows after Supreme Court ruling on Yes Bank bonds

Kotak Mahindra Asset Management and Nippon Life India Asset Management have paused fresh investments as they review how SC's decision to overturn the 2020 AT1 bond write-off could affect valuations

Indian software stocks set to outperform AI peers by most margin in decades

India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector

Bank deposits surge on FCNR inflows, but margin pressure looms for lenders

HDFC Bank, ICICI Bank and Axis Bank raised over $127 bn through the FCNR(B) deposit scheme, with analysts expecting margins to improve from October to December

RBI's rupee defence comes at a cost as liquidity dries up, yields rise

The RBI's measures have curbed speculative dollar demand but tightened forex liquidity and raised hedging costs, while high oil prices and capital outflows continue to weigh on the rupee

US says Trump didn't order curbs on Ukraine's access to SpaceX's Starshield

The statement pushes back against Ukrainian President Zelenskyy's claim that Trump and Elon Musk restricted access to the satellite technology, affecting Ukraine's ability to intercept Russian drones

China's trade barriers remain a hurdle to closer bilateral ties: Sitharaman

Finance Minister said that Chinese non-tariff barriers are restricting Indian exports of generic drugs, beef, and vegetables, complicating efforts to strengthen trade and improve bilateral relations

India's family offices bet on homegrown AI firms to catch up with US, China

Azim Premji's family office, QED Innovation Labs and Ranjan Pai's family office are backing homegrown AI firms, even as India's AI investment of over $15 bn between 2013 and 2025 trails US and China

Musk gives $158 mn to GOP super PAC for Texas Senate race, filings show

Musk has donated more than $330 mn in the current US election cycle, leading political donors from both parties, with the latest contributions appearing to target the very expensive Texas Senate race

Anthropic's Q3 revenue jumps to $16.8 billion ahead of planned IPO

Anthropic's third-quarter revenue reached $16.8 billion, up nearly 12-fold from a year earlier, as the Claude maker prepares for an IPO amid slowing growth and concerns over AI valuations.

EU-GCC summit in Saudi Arabia postponed amid Houthi missile attacks

The EU and Gulf Cooperation Council have postponed their October 24 summit in Riyadh amid Houthi attacks on Saudi Arabia, with a new date yet to be announced.

Marco Rubio to meet Mukesh Ambani in Jamnagar, says US envoy Sergio Gor

The visit is Rubio's second to India this year after a trip to New Delhi in May