Bloomberg
Bloomberg
Page 411 - Bloomberg/reuters
Samsung reports worst decline in quarterly revenue in over a decade
The stock slid 2.4% in Seoul, the most in three months, after Samsung reported a larger-than-anticipated 22% decline in sales to 60 trillion won ($46 billion)
 "Samsung reports worst decline in quarterly revenue in over a decade")
UBS Wealth boss Iqbal Khan pushes 'net new money' mantra in Asia tour
In at least his third visit to Asia in four months, Khan this week hosted evening receptions for hundreds of Credit Suisse and UBS wealth staff at the Hong Kong Convention and Exhibition Centre
 "UBS Wealth boss Iqbal Khan pushes 'net new money' mantra in Asia tour")
Byju's crisis prompts top India VC firm Blume Ventures to shift strategy
Perceived corporate governance lapses are sending shockwaves through the South Asian nation's fledgling startup economy
 "Byju's crisis prompts top India VC firm Blume Ventures to shift strategy")
A 445% price jump makes tomatoes more pricey than gasoline in India
Heavy rains in some growing areas and hotter-than normal temperatures last month hit output of the crop, causing a fivefold increase in prices this year
 "A 445% price jump makes tomatoes more pricey than gasoline in India")
How Chinese scientists are trying to shield melting glaciers from the Sun
As they trekked upwards, oxygen canisters tucked into their fleece jackets, porters walked alongside carrying thick rolls of white fabric
 "How Chinese scientists are trying to shield melting glaciers from the Sun")
Eisai Alzheimer's drug gets full US approval, widening access to therapy
The broader clearance from the Food and Drug Administration marks a milestone for treatment of the dementia that afflicts some 6 million Americans
 "Eisai Alzheimer's drug gets full US approval, widening access to therapy")
AI seen fueling Microsoft to $3 trillion value in Morgan Stanley model
The analysts, led by Keith Weiss, named Microsoft their top pick among large cap software companies, and said that it is the best placed in the sector to benefit from the growth of AI
 "AI seen fueling Microsoft to $3 trillion value in Morgan Stanley model")
Can Nadella sell Cricket in US as Indian diaspora reaches critical mass?
And it's not just Indians. There are cricket-loving diasporas, too, from Pakistan, Bangladesh, the UK, Australia and Caribbean nations
 "Can Nadella sell Cricket in US as Indian diaspora reaches critical mass?")
India's campaign to internationalise rupee gets off to a slow start
The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters to accept the Indian currency
 "India's campaign to internationalise rupee gets off to a slow start")
Goldman Sachs sees markets consolidating in third quarter of 2023
Goldman retains its market weight stance and sees Nifty50 at 20,700 by June, implying 6.7 per cent gain since Thursday's close at a record high of 19,497 points
 "Goldman Sachs sees markets consolidating in third quarter of 2023")
June this year warmest in past three decades globally, says report
Ocean temperatures also rose to their highest levels since at least 1991, making June the third consecutive month a new record has been created
 "June this year warmest in past three decades globally, says report")
UK PM Rishi Sunak taps Scholz to help delay EU's looming EV tariff
The UK has raised the issue directly with Berlin, one of the people said
 "UK PM Rishi Sunak taps Scholz to help delay EU's looming EV tariff")
'Socialist values' vow: Tesla, China rivals to end brutal EV price war
As early as March, some models made at Tesla's Shanghai plant were 14 per cent cheaper than in 2022
 "'Socialist values' vow: Tesla, China rivals to end brutal EV price war")
State Bank of India rejigs senior leadership roles to boost dominance
State Bank of India, the country's largest lender, is re-jigging its senior leadership positions with at least four key executives getting new roles, according to people familiar with the matter
 "State Bank of India rejigs senior leadership roles to boost dominance")
Tata Group weighs buying Temasek Holdings' stake in Pay TV platform
Tata Group is contemplating whether to delay the planned Tata Play listing because of market conditions, the people said
 "Tata Group weighs buying Temasek Holdings' stake in Pay TV platform")
Adani Green Energy weighs raising $1.5 bn to fund expansion, say reports
Adani Green Energy Ltd.'s board will discuss plans to raise funds from institutional investors on Thursday
 "Adani Green Energy weighs raising $1.5 bn to fund expansion, say reports")
Threads: Meta's "Twitter killer" app puts Elon Musk under pressure
Users, on the whole, may care little about that. What they will care about, though, is a lack of control over what they see in their Threads feed
 "Threads: Meta's \"Twitter killer\" app puts Elon Musk under pressure")
Mark Zuckerberg posts first tweet in 11 years in Threads jibe at Musk
Meta's Instagram officially unveiled Threads, considered most potent threat yet to struggling social media service Musk owns. Hours later, Zuckerberg tweeted photo of identical Spider-Men facing off
 "Mark Zuckerberg posts first tweet in 11 years in Threads jibe at Musk")
Nine British banks sign up to Mastercard's new AI tool for tackling scams
Nine of the UK's biggest banks, including Lloyds Banking Group Plc, Natwest Group Plc and Bank of Scotland Plc, have signed up to use the Consumer Fraud Risk system, Mastercard
 "Nine British banks sign up to Mastercard's new AI tool for tackling scams")
Xi Jinping's metal curbs risk backfiring as G-7 seeks alternative to China
The new export licensing system highlighted China's dominant position in global production of gallium and germanium, which are used to make chips, electric cars and telecommunications equipment
 "Xi Jinping's metal curbs risk backfiring as G-7 seeks alternative to China")