Page 188 - Bloomberg/undefined

Mpox surge in Sydney offers cautionary tale as world braces for new strain

In a dramatic turn, the country saw 179 cases in August alone, more than in the two previous years combined. Nearly 400 have been reported so far in 2024

Lenders' deposit shortage could put speed limit on credit-fueled investment

The govt is making the deposit crunch worse by taxing savers aggressively, but keeping the proceeds away from the financial system. Bankers are compounding the problem by not paying enough to savers

Donald Trump wrong in saying island took US chip industry: Taiwan

Trump rattled Taiwan officials and the island's markets with comments published July 16 that criticized the island over its chip sector and pushed Taiwan to pay the US for protection

Blackstone close to $13.5 billion deal to acquire Australia's AirTrunk

A deal hasn't been finalized and terms could change as talks continue, the people said. Representatives for Blackstone, Macquarie and PSP declined to comment

China warns Japan of economic retaliation for possible new chip curbs

One fear in Tokyo is that Beijing could react to new semiconductor controls by cutting Japan's access to critical minerals that are essential for automotive production

Murdoch's REA considering bid for UK housing property portal Rightmove

Shares of REA dropped 5.3 per cent in Sydney, the most since December 2022, on Monday amid concerns that it may have to issue stock to fund a deal

Israelis go on day-long protests nationwide as anger over hostages builds

The strike was called by the Histadrut labor federation, though a court order ruled Monday that it should end at 2.30 p.m.

German far-left leader Wagenknecht turns power broker after state votes

The BSW, which wants to curb immigration and stop arming Ukraine, was founded only in January after splitting from the Left party

Pakistan inflation ceases further in Aug providing room for more rate cuts

Pakistan's central bank has slashed rates by a cumulative 250 basis points in the last two meetings and is scheduled to hold the next review on Sept 12

TikTok parent ByteDance eyes $9.5 bn in record Asia dollar corporate loan

ByteDance's facility is larger than the earlier-anticipated size - an indication that the borrower is eager to take advantage of Asia's loan market, which is flush with liquidity amid dismal deal flow

Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

Facing an unprecedented attack on its credibility, the last thing that the SEBI would want is to give the impression that while all M&A is equal, some transactions are more equal than others

X ban will make Brazil an 'uninvestable market': Hedge fund billionaire

Supreme Court Justice Alexandre de Moraes ordered internet service providers in Brazil to block its users from accessing X

Seven & I shareholder urges company for negotiations with Couche-Tard

he Canadian operator of Circle K hasn't disclosed terms or a price for its proposed buyout of Seven & i, which currently has a market value of 5.47 trillion yen ($37 billion)

China home sales slump continues despite government's rescue efforts

The sector continues to be a drag on China's economy, which needs more stimulus to meet the government's 5 per cent growth target this year, according to reports

OpenAI latest funding tempts 3 most valuable technology companies

Investment round will value the ChatGPT maker at more than $100 bn

Australia leads world market in crypto ATM growth as kiosks pour in

Crypto kiosks dominate the cash-to-crypto industry, which has processed at least $160 million in illicit volumes globally since 2019, according to TRM

Trump prepares fresh round of attacks on 2020 election indictment

In a court filing Friday night with dueling proposals, Special Counsel Jack Smith's office disagreed with Trump's approach and said it was prepared to move forward as quickly as possible

Ukrainian President Zelenskyy proposes India summit to end war with Russia

The proposal was put to Narendra Modi during the Indian prime minister's visit to Ukraine last week, the people said, asking not to be identified discussing private talks

How to minimise microplastic exposure from food, water, air, and clothes

Plastic's ubiquity means that avoiding it entirely is impossible. However, there are steps you can take to minimize its presence

Charting the global economy: Inflation pressure cools in US, Europe

Meantime, inflation in Tokyo - a leading indicator of the national data due in September - picked up speed in August, supporting the case for the Bank of Japan to continue raising rates