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Google CEO Sundar Pichai nears billionaire status powered by AI boom

Pichai's net worth includes $424 million in current share holdings as well as roughly $600 million from share sales since he became CEO

Columbia University students occupy building as campus protests continue

The New York Police Department is on standby near Columbia's campus, with officers ready to respond if called upon by university officials

Samsung Electronics' profit surges after AI boom reverses its chip losses

The results underscore how demand for the memory chips that power modern electronics and artificial intelligence is starting to rebound after a severe downturn

With ETF demand cooling, Bitcoin faces worst month since FTX crash

The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March

China's factory activity expands for 2nd month, shows sign of recovery

The factory gauge offers encouragement to Chinese policymakers who are relying on the country's industrial producers to offset weak domestic demand

Paramount Global CEO Bakish is out, replaced by trio of executives

Paramount reported first-quarter earnings that beat Wall Street estimates, buoyed by its broadcast of the Super Bowl in February and narrower losses from streaming

IMF boosts Asia's growth forecast to 4.5% this year on China, India

The latest data has taken into account the higher forecast for India published earlier this month and China's pace, on the back of expectations that government stimulus will boost growth

WeWork strikes new restructuring deal that spurns co-founder Adam Neumann

WeWork would be majority owned by Yardi, a provider of software for commercial and residential property owners, according to lawyers and a company statement issued after Monday's hearing

Tesla chief Elon Musk's fortune soars by most since before Twitter purchase

In the past five days, the world's third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index

TikTok and Tesla show that US-China battle over data is just beginning

The US now appears to be moving away from an open internet with unrestricted data flows and towards selected fragmentation based on national security concerns

Tesla wins data security clearance after Musk's surprise visit to China

The data security tests included how a vehicle collects "sensitive personal information" and whether a driver can easily stop a car from collecting data

Amid Houthi attacks, Red Sea diversions spew emissions equal to 9 mn cars

The additional fuel burned has led to approximately an extra 13.6 million tons of CO2 emissions over the past four months - equivalent to the pollution of about 9 million cars

Motilal Oswal AMC's CIO bets on telecom stocks in tariff hike optimism

The likely tariff increase will help inject new life into a sector that has grappled with cut-throat competition and aggressive policy actions in recent years, said Niket Shah

Will Fed cut rates? What 60,000 headlines say about its next moves

Bloomberg Economics' Fed sentiment index - powered by a natural language processing algorithm based on more than 60,000 Fed headlines - shows that in December, Powell delivered a major pivot.

Azim Premji's family office to invest more money in AI to prop $10 bn fund

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into AI companies while fine-tuning its AI investment tools

RBI's tight grip on Rupee boosts its allure for carry trades: Fidelity

The rupee rewards investors with a high yield than regional peers, and together with low volatility, makes it arguably one of the most attractive currencies on the planet, Paul Greer said in interview

Capital cover drive: India's $100 billion knock evens score with China

Its capitalisation leapfrog surpasses South Korea and Taiwan, establishing dominance in EM pitch

Jerome Powell likely to keep borrowing rates higher-for-longer time

In the euro zone, data may show that the slowdown in inflation stalled in April for the first time this year

Russia, Ukraine exchange fire, strike each others' refinery and gas targets

Russia reported a Ukrainian drone attack on the Slavyansk oil refinery in the Krasnodar region, the first such strike since early this month

Hamas looking into latest ceasefire counterproposal from Israel army

Earlier this week, the US and 17 other nations pressed Hamas to release their citizens who are missing or held hostage in Gaza, in a bid to revive cease-fire talks