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Hedge funds bring in record profits betting on 'catastrophe' bonds

Behind those record returns were bold bets on catastrophe bonds and other insurance-linked securities

US Q4 GDP shows annualised 2% rise, expected to crown vigorous second half

While the Fed wants to guard against a re-acceleration of inflation, a further softening of price pressures risks making policy even more restrictive

Switzerland and India reach deal on FTA after 16 years of negotiations

The agreement "will create jobs for the young population of India, and secure employment in Switzerland," Parmelin said in an interview with the Swiss newspaper Sonntagszeitung

Europe moves into new world after crippling energy crisis of past

Still, having scraped through the crisis, Europe has emerged into a new reality that has its own list of challenges

UAE urges US to support immediate ceasefire of Israel's attacks in Gaza

President Joe Biden's administration has refrained from demanding a halt to the Israeli military campaign and vetoed a UN Security Council demand for a ceasefire put forward by the UAE in December

Oil mkt braces for a weeks-long disruption to shipping in southern Red Sea

Suezmax ships - so-called for their ability to sail full through the canal that links Asia and Europe - are up about 50% to almost $70,000 a day

Donald Trump suggests Nikki Haley out of running for VP pick as insults fly

Haley served as UN ambassador under Trump and the two fell out after she announced that she would run for the Republican nomination

Musk's AI startup secures $500 million toward $1 billion funding goal

Elon Musk's artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, according to people with knowledge of the talks

Russia-linked group attacked corporate systems, hacked emails: Microsoft

The group that Microsoft deemed responsible, also known as "Nobelium," is a sophisticated nation-state hacking group that the US government has tied to Russia

Apple pay tech opened up to rivals in bid to settle European Union probe

The European Commi­ssion announced Friday that it's seeking feedback from Apple's payment rivals

Joe Biden hits out at Trump, says former US prez wants stock market crash

"He wants to see the stock market crash" because he does not want to acknowledge the economy is now performing well, Biden said

Rising interest rates threaten India's credit growth, pressure margins

While Samsung Electronics Co. disappointed last week, the country's chip output and shipments grew the most in years in November, reviving optimism about the outlook

PepsiCo veteran of 32 years defects to Wendy's as chief executive officer

North America beverages made up more than 30 per cent of PepsiCo's revenue in the most recent quarter, making it the biggest division by that measure

Suspicions arise on accuracy of China's official GDP growth data: Report

One divergence centers around Beijing's investment data, which shows surging manufacturing and infrastructure spending outweighed the drag from property

Red Sea unrest disrupting world's fragile food supply, inflation

If disruptions worsen, they could stall the slump in food-commodity costs that had started to filter through to cheaper grocery bills

BlackRock's Bitcoin ETF first to cross $1 billion threshold in inflows

Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show

OpenAI coup less stressful than superintelligent AI, says CEO Altman

Altman's ouster by the board in November was "a microcosm of it, but probably not the most stressful experience we ever face," he said

Ads running on Meta saw return on spending increase by 32% with help of AI

Ads using AI also reduced the cost of acquisition by about 17%, Mendelsohn said in an interview with Bloomberg Television from the World Economic Forum in Davos on Thursday

Alaska Air passengers sue airline over 737 Max 9 door blowout incident

"Alaska Airlines breached its duty to its passengers by failing to ground" the plane before the flight, lawyers for the passengers said in the new complaint

Boeing wins order for 150 Max jets from Akasa amid recent mid-air blowout

Akasa Air, which began flying commercially less than two years ago, made a firm purchase for the 737 Max 10 and Max 8-200 planes to be delivered through 2032, the carrier announced