Page 9 - Bloomberg

Closer trade ties with India remain top priority: US envoy Sergio Gor

US Ambassador Sergio Gor said that US views sanctions as a means to end the Ukraine war, not to punish countries buying Russian oil, ahead of Marco Rubio's India visit next week

India may need rate hikes, tax relief to ease pressure on rupee: Analysts

The rupee's rebound after the RBI's latest measures may prove short-lived as energy import dependence and weak capital inflows weigh on the currency; further rate hikes could help address the pressure

Germany slams US move to bring Russia back to global stage, backs Ukraine

German Vice Chancellor Lars Klingbeil said talks with Moscow must not come at Ukraine's expense or bypass President Volodymyr Zelenskyy, amid Donald Trump's efforts to ease sanctions on Russia

Would halt chip supply to buyers who develop unsafe AI, says Nvidia CEO

Jensen Huang said Nvidia would first discuss concerns with an AI developer before considering a supply halt, as the chipmaker pledges $250 million over 5 years to support AI safety research in the UK

Apple prepares to debut first AI features in China in December after delay

Apple Intelligence is expected to arrive in China in December, but the rollout will exclude new Siri AI assistant and other recently announced features as the company awaits final regulatory clearance

North Korea tests submarine-launched missiles amid Trump-Kim meeting plans

The test comes as Donald Trump signals interest in meeting Kim Jong Un during his upcoming Asia trip, while Pyongyang steps up missile launches and seeks to strengthen its military capabilities

IDBI Bank's $6 billion Fairfax deal signals zest for Indian assets

Fairfax's acquisition of a 60.7% stake in IDBI Bank for nearly $6 billion comes as Blackstone explores IIFL Finance and Japan's MUFG studies options to gain majority control of Shriram Finance

Houthis hit Saudi Aramco headquarters with missiles as conflict escalates

The strike on an office complex in Dhahran caused a limited fire and no injuries, according to Saudi Arabia's energy ministry

Nine large banks engaged in so-called debanking, says US regulator

A representative for Wells Fargo declined to comment. Spokespeople for the other firms didn't immediately respond to requests for comment

Netflix to cut 1,000 jobs in biggest layoff round since 2022: Report

The company employed about 16,000 people at the end of last year, more than half of whom work in the US

Fairfax Financial buys IDBI for $5.6 billion in India's biggest bank deal

Fairfax joins a wave of foreign firms expanding in India, drawn by the burgeoning wealth class and the world's fastest-growing major economy

Family office to billionaire Narayana Murthy to double exposure in India

It is targeting annual returns of 16% to 18%, Deepak Padaki, president of Catamaran Ventures LLP said on the sidelines of Bloomberg's New Economy Forum

Open-source AI models carry more cybersecurity risks: Anthropic executive

Ahead of its expected public listing, Anthropic is facing increasing competition in countries that are growing more concerned about a reliance on American AI technology

AI demand for chipmaking tools may outpace supply in next 2 years: ASML

ASML said its current supply plans mean it won't be able to fully meet demand in 2027 and 2028

India found itself 'let down miserably' during Covid, says Piyush Goyal

Goyal said India was left without essential equipment during the pandemic, prompting the push for self-sufficiency

Jaishankar outlines key foreign policy objectives on US, China, Russia ties

From advancing trade ties with the US and Europe to managing the China border dispute and preserving Russia ties, Jaishankar outlined India's priorities on major global relationships

Orbital data centres risk military attacks as AI drives computing demand

Tech companies are pursuing orbital data centres to power AI, but experts warn that military attacks could create debris that renders crucial areas of space unusable

Alibaba unveils $450 Qwen AI glasses in expanding push into gadgets

Alibaba's new Qwen Glasses N1 series starts at $450 and features improved cameras, AI integration and eye-tracking capabilities as the company expands its consumer hardware portfolio

Apple needs new iPhones and smart-home push to revive pricey stock

The iPhone maker is holding a smart-home products event on Tuesday featuring an Apple doorbell and Apple thermostat

Piramal Pharma cuts exposure to Chinese raw materials to reduce supply risk

Piramal is among global drugmakers increasingly seeking to reduce their reliance on China for pharmaceutical ingredients and manufacturing, amid rising geopolitical tensions