Bloomberg

Israel election masks economic fault lines as war spending surges

Soaring defence spending, rising debt, talent outflows and ultra-Orthodox exemptions pose long-term economic challenges despite strong headline growth

Britain's migration clampdown puts fear into $20 billion care sector

Roughly one-third of workers in the UK's wider adult care sector are migrants, according to the Work Rights Centre

Barack Obama targets 'spineless Congress' in push for Democrat El-Sayed

Obama blamed inflation on Trump's war in Iran and his signature tariffs, which have driven up the prices of fuel and other goods, and the nation's deficit

Sinking profits turn China's $3.5 trillion stock rout into a deeper trap

The world's second-largest equities market has lost $3.5 trillion in value from a peak in May, data compiled by Bloomberg show

Ukraine says Starlink speed limits lifted after disruptions to military ops

Kyiv said Starshield connections were stable in overnight tests, with speed limits raised to above 400 kmph from 161 kmph in recent days, after disruptions to drone missions and military logistics

Kim Jong Un visits China again in over a year ahead of Trump's Asia visit

The North Korean leader's visit comes as Pyongyang and Beijing strengthen ties; US President Donald Trump is due in the region next month for the APEC summit in Shenzhen

France deploys 70,000 security personnel as new protests raise riot fears

Paris has boarded up shops and shut 3 major museums ahead of Saturday's protests, while a football match has been postponed; President Macron acknowledged planning failures after last weekend's unrest

OpenAI resumes training AI, blocks internet access over security risks

The company said it would keep its most advanced models offline during training until safeguards are adequate, following incidents in which AI systems accessed the web and breached external systems

UK vows 100 mn euros for biosecurity lab with OpenAI, Anthropic, and Google

The lab will use AI to detect and monitor biological threats, with OpenAI and Anthropic providing up to 200 million euros in AI model credits

OpenAI shifts valuation to $1.25 trillion as funding talks near final stage

The ChatGPT maker shifted the value discussed in the talks by $150 billion, from $1.4 trillion

France steps up security, deploys military to contain fresh protests

There will be 20% more police on the ground than last Saturday, according to the Interior Ministry

Odds of 2026 becoming the hottest year surge higher with strong El Niño

Another scientific body, the US National Oceanic and Atmospheric Administration, forecasts that 2026 is still unlikely to supplant the 2024 heat record but will come a close second

AI data centre backlash threatens Australia's $70 billion investment boom

Of the 40-plus large centers planned or under construction in Sydney and Melbourne, just 23% have confirmed publicly that they have secured electricity supply or grid connections

Europe's summer heat kills 50,000 people, shaves $18.9 billion off GDP

Those findings, from two separate studies, reveal the extent of Europe's vulnerability to rising temperatures in what's likely to be one of the hottest years in modern history

Musk's donations top $445 million in push for Republicans in US midterms

The world's richest person put $77 million into America PAC, Federal Election Commission filings show, in an effort to elect Republicans in November midterm contests

Apple's iPhone Duo hits stores in face of short supply, high demand

The new device goes on sale Friday, with the first shipments reaching Apple retail stores around the world

Tesla cuts capex plan to $20 billion, raising doubts over AI ambitions

Tesla cut its annual capital expenditure plan to around $20 billion from over $25 billion, raising concerns about delays in Elon Musk's AI, robotaxi and humanoid robotics ambitions.

Silver inflows likely to rebound as import curbs eased for Diwali

Fresh import permits are set to ease India's silver supply constraints and premiums ahead of Diwali, though demand is expected to trail last year's levels

SoftBank Group's market value halves from its peak as AI fears grow

Rising borrowing costs, debt-funding risks and intensifying AI competition weigh on investor confidence in SoftBank's investment strategy

Saudi Arabia seeks access to foreign strategic oil reserves for Aramco

Aramco CEO Amin Nasser said Saudi Arabia's Energy Ministry is discussing access to government-held oil storage abroad as Houthi attacks on key infrastructure raise concerns over supply disruptions