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Bloomberg

Bloomberg

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Dutch firm builds world's strongest crane to handle massive energy infra

The crane, built by heavy lifting firm Mammoet for tens of millions of dollars, is among the latest bets that rising energy consumption will require huge new equipment for years to come

Dutch firm builds world's strongest crane to handle massive energy infra
Updated On : 31 Aug 2024 | 12:29 PM IST

Intel mulls options including split between design, foundary to stem losses

Gelsinger, an Intel veteran who left the company for more than a decade, took the helm in 2021 and promised to restore the company's technological edge

Intel mulls options including split between design, foundary to stem losses
Updated On : 30 Aug 2024 | 11:02 PM IST

Trump endorses free IVF; campaign stumbles over Florida abortion measure

IVF treatments became an additional flashpoint after the Alabama Supreme Court ruled in February that frozen embryos could be considered children under state law

Trump endorses free IVF; campaign stumbles over Florida abortion measure
Updated On : 30 Aug 2024 | 10:59 PM IST

China's central bank starts trading govt bonds to influence yield curve

After starting with just verbal warnings earlier this year, the PBOC's pushback against the bond rally has evolved into action since early August

China's central bank starts trading govt bonds to influence yield curve
Updated On : 30 Aug 2024 | 4:49 PM IST

Elon Musk, Tesla beat suit over promoting Dogecoin 'pyramid scheme'

A New York federal judge dismissed the claims on Thursday, finding that Musk's statements were 'aspirational' rather than 'factual and susceptible to being falsified'

Elon Musk, Tesla beat suit over promoting Dogecoin 'pyramid scheme'
Updated On : 30 Aug 2024 | 9:30 AM IST

Here's why Bangladesh's new govt can't afford to let chaos, extremism reign

Any expression of concern about Bangladesh's path causes some, particularly in the country's active and vocal diaspora, to fume

Here's why Bangladesh's new govt can't afford to let chaos, extremism reign
Updated On : 30 Aug 2024 | 7:49 AM IST

Musk's clash with Brazil deepens, risking shut down of X and Starlink

Supreme Court Justice Alexandre de Moraes is spearheading efforts to combat fake news and hate speech in Brazil

Musk's clash with Brazil deepens, risking shut down of X and Starlink
Updated On : 30 Aug 2024 | 7:33 AM IST

Kamala Harris edges Trump in key states, with Sun Belt now up for grabs

Harris now leads by 2 percentage points among registered voters across the seven states

Kamala Harris edges Trump in key states, with Sun Belt now up for grabs
Updated On : 30 Aug 2024 | 7:27 AM IST

Bank of China announces first interim dividend even as profits fall

The state-owned lender will distribute 1.208 yuan ($0.17) per 10 shares in interim payouts, according to a Thursday exchange filing

Bank of China announces first interim dividend even as profits fall
Updated On : 29 Aug 2024 | 11:02 PM IST

Hong Kong court convicts editors over articles on democracy activists

The city's District Court on Thursday announced the conviction of Chung Pui-kuen and Patrick Lam, top editors at the shuttered pro-democracy publisher Stand News

Hong Kong court convicts editors over articles on democracy activists
Updated On : 29 Aug 2024 | 10:58 PM IST

Nokia mobile networks assets said to draw Samsung's preliminary interest

The Finnish company has been having discussions with advisers about potential options for its mobile networks business, which has struggled for years to compete with larger rivals like Huawei

Nokia mobile networks assets said to draw Samsung's preliminary interest
Updated On : 29 Aug 2024 | 10:53 PM IST

Tourist haven destination Maldives under markets pressure as debt slumps

The security due 2026 dropped to 70.24 cents on the dollar Thursday, a record low. The sukuk has posted double-digit losses in August

Tourist haven destination Maldives under markets pressure as debt slumps
Updated On : 29 Aug 2024 | 10:45 PM IST

OpenAI, Anthropic agree to work with US institute on upcoming safety test

Under the agreements, announced on Thursday, the US AI Safety Institute will receive early access to major new AI models from the companies to evaluate capabilities and risks

OpenAI, Anthropic agree to work with US institute on upcoming safety test
Updated On : 29 Aug 2024 | 10:41 PM IST

IndiGo cofounder Gangwal sells $1.3 bn worth stake near record high

Gangwal has a fortune of $6.9 billion after adding $1.8 billion this year, according to the Bloomberg Billionaires Index, with one-third of that move coming in the past 10 days alone

IndiGo cofounder Gangwal sells $1.3 bn worth stake near record high
Updated On : 29 Aug 2024 | 10:40 PM IST

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

Tata shelves plans for IPO of media unit after buying out Temasek
Updated On : 29 Aug 2024 | 10:35 PM IST

President Xi urges top US official to adopt 'rational' China policy

Sullivan reaffirmed President Joe Biden's commitment to prevent competition "from veering into conflict or confrontation," adding that the two nations should aim to work together

President Xi urges top US official to adopt 'rational' China policy
Updated On : 29 Aug 2024 | 3:53 PM IST

Threat of war with Israel redefines 'normal' life in Lebanon's Beirut

Beirut is used to living with the threat of war, and this was a couple of weeks ago. That threat is now getting more acute

Threat of war with Israel redefines 'normal' life in Lebanon's Beirut
Updated On : 29 Aug 2024 | 12:01 PM IST

Telegram 'Black Swan event' shows risk in crypto deals as Durov detained

Pantera Capital Management, Animoca Brands and Mirana Ventures are among more than a dozen firms that invested in Toncoin, whose blockchain is being used on Telegram

Telegram 'Black Swan event' shows risk in crypto deals as Durov detained
Updated On : 29 Aug 2024 | 11:12 AM IST

BYD's relentless growth taking its toll on smaller Chinese EV rivals

BYD's rise to become the dominant force in China's auto market, overtaking established western automakers

BYD's relentless growth taking its toll on smaller Chinese EV rivals
Updated On : 29 Aug 2024 | 10:14 AM IST

Terrorist attack at Taylor Swift's concert was averted with US intel aid

The Central Intelligence Agency and other spy groups provided Austrian authorities with information that helped lead to arrests of suspects who were believed connected to Islamic State

Terrorist attack at Taylor Swift's concert was averted with US intel aid
Updated On : 29 Aug 2024 | 9:10 AM IST