Bloomberg
Bloomberg
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Climate leaders need better data amid sweltering heat across the world
It's clear that global warming is already having a malign effect on human health and livelihoods. We just need more clarity on how much
 "Climate leaders need better data amid sweltering heat across the world")
Why the rise of China's EV makers holds lessons for other countries
The policies employed by China's leaders are now being emulated by Western governments, which are trying to make their own EV makers more competitive
 "Why the rise of China's EV makers holds lessons for other countries")
Troubles mount for Boeing amid whistleblower claims of lapses on 787 jets
The FAA has received more than 11 times as many Boeing whistleblower reports in the first five months of this year compared to all of 2023
 "Troubles mount for Boeing amid whistleblower claims of lapses on 787 jets")
OpenAI's move to block China will reshape AI scene as big players pounce
The ChatGPT creator this week sent memos to Chinese users warning it will cut off access to its widely used AI development software and tools from July
 "OpenAI's move to block China will reshape AI scene as big players pounce")
Demand for longer-duration bonds likely to rise: ICICI Prudential Life
Upon inclusion, Indian bonds will have the highest duration among the index members at 7.03 years, with yield-to-maturity at 7.09%, according to a recent JPMorgan note
 "Demand for longer-duration bonds likely to rise: ICICI Prudential Life")
AI will advance green tech, offsetting its emissions, says Bill Gates
Gates countered the additional demand from electric cars, heat pumps, and green steel manufacturing will all "dwarf even this amazing demand for data centers now."
 "AI will advance green tech, offsetting its emissions, says Bill Gates")
SpaceX Falcon Heavy launches new satellite to monitor solar storms
Once it arrives to its intended orbit, a fixed position high above the Earth, the GOES-U satellite will use a compact coronagraph that will help weather forecasters monitor solar storms
 "SpaceX Falcon Heavy launches new satellite to monitor solar storms")
A $100 bn bet on China's economy sours as warehouses, industrial hubs empty
Logistics hubs that were built in anticipation of a long-lasting boom in e-commerce, manufacturing and food storage are losing tenants, forcing building owners to slash rents
 "A $100 bn bet on China's economy sours as warehouses, industrial hubs empty")
China Premier Li Qiang warns decoupling will lead to 'destructive spiral'
"Exploration should not be seen as zero-sum game," he added.
 "China Premier Li Qiang warns decoupling will lead to 'destructive spiral'")
Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas
The project will involve a 'state-of-the-art advanced materials site' on 35 acres in Beaumont, Texas
 "Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas")
OpenAI to block tools access to developers in China from July: Report
The Microsoft Corp-backed startup sent memos about the impending move to developers in several locales, according to screenshots posted on social media
 "OpenAI to block tools access to developers in China from July: Report")
India expects surge in solar cell output, says will curb imports from China
In a bid to wean itself off Chinese imports, India has levied taxes on some solar components and introduced a so-called approved list of models and manufacturers
 "India expects surge in solar cell output, says will curb imports from China")
Saudi Arabia to become world's biggest construction mkt with large inflows
Aimed at overhauling and diversifying the economy, the kingdom is making large investments in infrastructure
 "Saudi Arabia to become world's biggest construction mkt with large inflows")
World's worst traffic congestion is in New York and it costs $9 billion
The busiest corridor in the US last year was Interstate 4 in Orlando, Florida, between Beachline Expressway and the Western Beltway, jumping from 10th place in 2022
 "World's worst traffic congestion is in New York and it costs $9 billion")
Policymakers at Reserve Bank remain divided over rate-growth debate
The split in the views show a widening gap between the external and internal members on how to balance economic growth and inflation
 "Policymakers at Reserve Bank remain divided over rate-growth debate")
Rich Chinese spend millions on Shanghai's luxury property, defying crisis
Shanghai's luxury real estate market is a bright spot in China's bleak property sector
 "Rich Chinese spend millions on Shanghai's luxury property, defying crisis")
Gujarat's new financial hub aims for real-time dollar settlement by 2025
The service which will cut down on times and delays, and it would be available for financial firms in Gujarat International Finance Tec-City
 "Gujarat's new financial hub aims for real-time dollar settlement by 2025")
Self-confident Asia charts its own course, diversifies ties beyond West
Desire to make an Asia for Asians, without the overbearing influence of the West, is not new
 "Self-confident Asia charts its own course, diversifies ties beyond West")
Singapore costliest city for luxury spending, Hong Kong, London follow
Singapore has continued to attract the ultra-wealthy by maintaining its reputation for political and economic stability
 "Singapore costliest city for luxury spending, Hong Kong, London follow")
Nvidia hits correction territory as slump wipes out $430 bn in market value
The stock fell 6.7 per cent, its third straight negative session and biggest one-day percentage drop since April
 "Nvidia hits correction territory as slump wipes out $430 bn in market value")
