Page 4 - Bloomberg/reuters

RBI set for first rate hike in almost four years as rupee, inflation weigh

A hike would put the Reserve Bank of India alongside Asian peers that have already begun tightening and mark the first such move under Governor Sanjay Malhotra

Banks chase risky chip loans as Asia's $8.2 trn AI buildout gathers pace

Companies building hundreds of data centers across the region are also seeking funds to buy the advanced computer chips that will power them

World Bank raises India growth forecast to 7.1% for FY27 on strong demand

The region's governments have responded more aggressively than peers elsewhere as the US-Iran war drove global prices up, and they've relied more heavily on subsidies

Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump

The fortune of the world's richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index

Trump eases restrictions on use of dyed diesel in bid to cut fuel costs

Trump signed an order allowing wider use of tax-exempt red diesel on roads through year-end, seeking to ease fuel costs for farmers, truckers and workers ahead of the midterm elections

Iran oil minister resigns as exports dry up amid mounting US pressure

Mohsen Paknejad's exit comes as a US naval blockade brings Iran's oil exports to a halt, forcing production cuts and worsening domestic energy shortages

Denmark data breach exposes personal details of 8.8 million people

The breach occurred after unidentified individuals misused a private Danish company's legitimate access to search the Central Person Register, known as CPR

FlyDubai co-pilot failed to complete university studies in Australia

Hamam al-Hammami, the 29-year-old Omani co-pilot who allegedly attacked his captain mid-flight, had been enrolled at RMIT University in Melbourne but failed to finish an engineering qualification

Wall Street's $10 billion India hospital bet sparks a fight over bills

Blackstone, KKR, TPG, General Atlantic and other global investors have spent about $10 billion buying stakes in Indian hospital chains over the past five years

Former Anthropic researcher Jacob Coxon to testify at NYC hearing on AI

Coxon will appear at request of Council Speaker Julie Menin, who has urged AI whistleblowers to testify as city lawmakers weigh a package of bills aimed at establishing safeguards around technology

India's bond yield curve poised to flatten as RBI drains surplus cash

The 5-10 year yield gap is expected to narrow as the RBI drains surplus cash, pressuring shorter maturities

Flavio Bolsonaro pushes Lula to brink of defeat ahead of Brazil runoff

With conservative allies dominating across Brazil in Sunday's voting, Bolsonaro capped the day by taking about 47% of the vote to the leftist Lula's roughly 45% with counting nearly complete

Asian economies on front line of economic risk if AI boom turns to bust

The region is 'particularly exposed' because it's at the center of global AI supply chains and 'increasingly integrated into AI-related financial markets', the report said

AI deal frenzy powers Hong Kong fundraising to a record in Jul-Sep

IPO, placement and block-trade fundraising hits a quarterly record despite stock sell-off and rising bond yields

Russia vows to intensify strikes, warns diplomats against Kyiv travel

Moscow threatens attacks on Ukrainian military and industrial infrastructure as tensions escalate and Germany backs Kyiv

SoftBank's Masayoshi Son flags need for AI safety amid rapid growth

An exponential surge in AI capabilities makes it imperative for countries to build trust so that they can harness the technology together, Son said

Britain's reliance on US cloud giants sparks concern among politicians

Some of the UK's most critical public services such as health, defence and tax administration are migrating to US clouds, raising concern among Members of Parliament

Fed, ECB minutes to show inflation fears as near-term rate hike bets fade

Both central banks in the coming days will release minutes of the meetings last month at which they raised benchmark rates, bowing to concerns about mounting inflationary pressures

OpenAI safety employee quits, urges nuclear-level safeguards for AI risks

Former OpenAI safety employee David Robinson has warned that AI companies need stronger safeguards as artificial intelligence capabilities advance

Russia strikes key Kyiv bridge, logistics hub in latest attacks on Ukraine

Traffic on Kyiv's Northern Bridge was halted after the strike damaged its surface and trolleybus power lines, while Moscow said it also hit a logistics centre and a cargo vessel