Bloomberg
Bloomberg
Page 447 - Bloomberg/reuters
Fox Corp expects no operational impact from defamation lawsuit settlement
Fox declined to say whether insurance would help offset the payment
 "Fox Corp expects no operational impact from defamation lawsuit settlement")
Temperature surge across India raises risk of blackouts, even deaths
India's bracing for what might be a hotter summer than usual
 "Temperature surge across India raises risk of blackouts, even deaths")
Food prices in UK rise at fastest rate in 45 years; March figure above 10%
March figure sticks above 10%, lifting prospect of interest rate hike
 "Food prices in UK rise at fastest rate in 45 years; March figure above 10%")
Morgan Stanley's profits decline in Q1 amid investment-banking slowdown
Net income slid 20% from a year earlier to $2.84 billion amid a slowdown in the trading and banking businesses. The firm's investment bank was able to stave off a steeper drop
 "Morgan Stanley's profits decline in Q1 amid investment-banking slowdown")
Tesla goes for price cut in US for sixth time this year to spur demand
The cuts came ahead of the electric-vehicle maker's first-quarter earnings due on Wednesday and sent the stock down nearly 3 per cent in early trading
 "Tesla goes for price cut in US for sixth time this year to spur demand")
Snap attracts 3 million paying users to AI-enhanced subscription service
The growth has exceeded the company's expectations and includes the addition of about a million paying users in the past 11 weeks, Snap said Wednesday
 "Snap attracts 3 million paying users to AI-enhanced subscription service")
Credit Suisse files long-awaited $440 million lawsuit against Softbank
The Swiss lender sued SoftBank in London earlier this month, saying it planned to focus on maximizing recovery for investors in its supply chain finance funds
 "Credit Suisse files long-awaited $440 million lawsuit against Softbank")
Google hit leadership diversity goal 3 yrs ahead of schedule before layoffs
The company met its commitment of boosting leadership representation for underrepresented minorities by 30% in 2022, according to its annual diversity report
 "Google hit leadership diversity goal 3 yrs ahead of schedule before layoffs")
Bed Bath & Beyond renews bankruptcy talks as efforts to raise cash fails
The filing could come before an April 26 deadline by which the company sought to raise another $300 million from equity investors, the people said
 "Bed Bath & Beyond renews bankruptcy talks as efforts to raise cash fails")
KKR sees India, South Korea as sweet spots amid realty crisis: Report
Real estate investment vehicles overseen by KKR and its rivals like Blackstone Inc. have come under pressure, with many investors requesting their money back
 "KKR sees India, South Korea as sweet spots amid realty crisis: Report")
Carbon offset market unfortunately keeps growing, more efforts needed
Forest-based offsets have come under particular scrutiny lately, with report after report suggesting they don't mop up nearly as much carbon as they claim
 "Carbon offset market unfortunately keeps growing, more efforts needed")
Can India cope? What being the world's most-populous nation means
Not only does India have more people, it also has one of the youngest populations, UN data shows. More than half its population is under the age of 30, with a median age of 28
 "Can India cope? What being the world's most-populous nation means")
Bitcoin drops again below $30,000 on account of interest rate fears
The largest token fell as much as 4.5% before paring some of the slide to trade at about $29,175 as of 11:50 a.m. in London on Wednesday
 "Bitcoin drops again below $30,000 on account of interest rate fears")
Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi
The risk rally has been fuelled by the injection of over $1 trn of central bank liquidity, and high-frequency liquidity indicators suggest this is already stalling
 "Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi")
Beijing hospital fire death toll rises to 29 as public anger grows
Initial media reports about the fire were scant. Footage of the fire was also censored on social media at first
 "Beijing hospital fire death toll rises to 29 as public anger grows")
Netflix sees stronger second half on password-sharing crackdown in US
The company, which reported a lower-than-expected subscriber gain for the first quarter, has been testing ways to reduce account sharing in Latin America, and rolled out a plan to charge such users
 "Netflix sees stronger second half on password-sharing crackdown in US")
Meta prepares more layoffs across its platforms for 'greater efficiency'
Meta already cut about 13% of its workforce, or about 11,000 jobs, in November. It also extended a hiring freeze through the first quarter
 "Meta prepares more layoffs across its platforms for 'greater efficiency'")
Ending deforestation likely to cost more than $130 billion a year: Report
It would likely cost more than $130 billion a year to end deforestation by the end of this decade, according to a report from a group of financiers, energy industry executives and academics
 "Ending deforestation likely to cost more than $130 billion a year: Report")
Disney poised to eliminate thousands of jobs next week to cut annual costs
As part of that effort, the company is paring its commitment to general entertainment, focusing more on franchise properties and well-recognized brands
 "Disney poised to eliminate thousands of jobs next week to cut annual costs")
Apple readies arsenal of apps for new headset; aims to win over wary users
The offerings will include gaming, fitness, collaboration tools, new versions of Apple's existing iPad features, and services for watching sports
 "Apple readies arsenal of apps for new headset; aims to win over wary users")