Bloomberg
Bloomberg
Page 130 - Bloomberg/undefined
Saudi leader offers $600 bn investment pledge in call with Donald Trump
The crown prince, known as MBS, spoke to the American president in a congratulatory phone call on Wednesday
 "Saudi leader offers $600 bn investment pledge in call with Donald Trump")
SoftBank, OpenAI commit $19 bn each to $100 bn US AI venture 'Stargate'
The two companies would then both own 40% of Stargate, the tech outlet said, citing comments by Chief Executive Officer Sam Altman to colleagues
 "SoftBank, OpenAI commit $19 bn each to $100 bn US AI venture 'Stargate'")
Donald Trump will again designate Houthis as terrorists, reversing Biden
The assaults disrupted maritime commerce in the West Asia and continued despite repeated strikes on Houthi targets by the US and UK
 "Donald Trump will again designate Houthis as terrorists, reversing Biden")
Musk questions proposed $100 bn investment on AI venture, Altman fires back
Altman took to X to dispute Musk's characterisation on Wednesday, calling it wrong and suggesting Musk was upset because the pact could rival the billionaire's own AI efforts
 "Musk questions proposed $100 bn investment on AI venture, Altman fires back")
Ukrainian govt seeks up to $20 billion to boost weapons production
The minister said that country's defense industry has developed significantly and currently around 40 per cent of weapons used by Kyiv's troops are Ukrainian-made
 "Ukrainian govt seeks up to $20 billion to boost weapons production")
Google wins UK ruling blocking Russian fine worth more than world GDP
Russian firms' $125 nonillion penalty blocked as Google challenges enforcement
 "Google wins UK ruling blocking Russian fine worth more than world GDP")
Open to Musk or Ellison purchasing TikTok as part of JV with US govt: Trump
ByteDance Ltd. has publicly refused to sell TikTok, though prospective buyers hope the Supreme Court's ruling and the brief TikTok shutdown could push it to reconsider
 "Open to Musk or Ellison purchasing TikTok as part of JV with US govt: Trump")
Saudi Aramco taps Alphabet spinoff SandboxAQ for AI collaboration
State-backed Aramco has already been investing in AI through units such as Aramco Digital, with a focus on its main energy business
 "Saudi Aramco taps Alphabet spinoff SandboxAQ for AI collaboration")
Anthropic CEO sceptical of OpenAI's $500 billion 'Stargate' venture funding
Elon Musk questions OpenAI's 'Stargate' funding claims, calls deal uncertain
Govt widens approvals for Russian insurers after US oil sanctions
As Soglasie isn't blacklisted by any western nation, the new permit provides a safe option for tanker operators that haul Russian barrels to India
 "Govt widens approvals for Russian insurers after US oil sanctions")
Indian Oil to rebalance crude buying after US sanctions on Russia
Before Russia's war in Ukraine, India used to buy less than 2 per cent of its total oil imports from Moscow. However, the volume surged to almost 45 per cent in the middle of last year
 "Indian Oil to rebalance crude buying after US sanctions on Russia")
Lakshmi Mittal discusses mill closure plans with South African officials
AMSA plans to close three plants - including two steel mills that the auto-making, mining and construction industries depend on - at the end of the month
 "Lakshmi Mittal discusses mill closure plans with South African officials")
RBI's massive dollar sales may net govt bumper dividend once again
IDFC FIRST Bank estimates Rs 2 trillion of payout by the RBI while QuantEco Research pegs the dividend around Rs 1.5 trillion for the fiscal year that ends March
 "RBI's massive dollar sales may net govt bumper dividend once again")
Centre mulls lower duties, more imports to counter Trump's tariff threats
It could also reduce some import tariffs, with officials drawing up a list of likely products, such as bourbon whiskey and farm goods like pecan nuts, they said
 "Centre mulls lower duties, more imports to counter Trump's tariff threats")
Foreign investors sell $5 billion of Indian stocks as profit view dims
Global funds pulled out $5.4 billion from Indian equities on a net basis in January after a respite last month, set for the worst start to the year
 "Foreign investors sell $5 billion of Indian stocks as profit view dims")
Here's why China's EV makers have a good reason to delay paying bills
The biggest producer of electric cars last year was a high accounting risk because of the unprecedented scale of financing from its supply chain, analyst Nigel Stevenson wrote
 "Here's why China's EV makers have a good reason to delay paying bills")
Beauty Industry in flux after TikTok braces for an uncertain future in US
On Jan 18, TikTok went dark for users across the US just days after the Supreme Court ruled that it would uphold a law forcing ByteDance to either sell its American platform by Jan 19 or be banned
 "Beauty Industry in flux after TikTok braces for an uncertain future in US")
We have complaints about the border, too: Canada tells US President Trump
Data from the Canada Border Services Agency show that some 2,000 of 7,700 prohibited weapons and firearms - seized at ports of entry between January and October last year - came from the US
 "We have complaints about the border, too: Canada tells US President Trump")
FTC concern over Microsoft investment in OpenAI backs my claims, says Musk
Musk has been waging a months-long legal attack on OpenAI Chief Executive Officer Sam Altman, almost a decade after the two men worked together to launch OpenAI
 "FTC concern over Microsoft investment in OpenAI backs my claims, says Musk")
Donald Trump pushes to make US an AI superpower with fewer guardrails
In his first 24 hours back in Washington, Donald Trump sent a different message to the AI community: Just build
 "Donald Trump pushes to make US an AI superpower with fewer guardrails")
