Page 335 - Bloomberg/undefined

Extreme weather turns up the heat on long-term investment in agriculture

Rising global temperatures threaten to damage crops that rely on predictable weather, which will likely lead to higher food prices

Elon Musk's denial of Ukraine's Starlink request prompts senate probe

Chairman Jack Reed said in a statement Thursday the reports on the use of Starlink exposed "serious national-security liability issues and the committee is engaged on this issue"

Tech leaders discuss artificial intelligence policy in senate meeting

The meeting, which was organised by Senate Majority Leader Chuck Schumer included personalities with diverging views on how to write the rules for AI

Twitter's mass layoff severance fight now heads to settlement talks

The private negotiations with a mediator are set for Dec. 1 and Dec. 2, according to the memo

Cipla founding family's stake sale in jeopardy over $13 bn valuation target

Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward

China's Apple iPhone ban appears to be retaliation, says US White House

The situation grew more muddled Wednesday, when Beijing contradicted reports about iPhone restrictions while also raising concerns about security problems with the device

Google anti-trust trial spotlights internal dispute over algorithm vs data

And now it's a key feature in a landmark antitrust trial, where the US Justice Department claims Google spends billions of dollars to stifle competition and preserve its monopoly over online search

SoftBank-backed Arm raises $4.87 billion in biggest IPO of the year

At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations. Underwriters have the option of buying as many as 7 million additional shares

Citigroup prepares for job cuts as it revamps top management structure

The moves will result in a number of job cuts, though the company doesn't yet have firm targets for how many employees will be affected

BP CEO quits over failure to disclose past relationships with colleagues

Looney, 53, will be replaced on a interim basis by Chief Financial Officer Murray Auchincloss

AI 'ghost' staff: US lawmakers probe Amazon, Alphabet, Microsoft, Meta

Along with the established tech giants, the letter's recipients include the newer AI-focused firms OpenAI, Inflection AI, Scale AI and Anthropic

US CPI gauge accelerates 1st time in 6 months, making room for fed hike

The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, the first acceleration in six months, Bureau of Labor Statistics data showed Wednesday

China flags security problems with iPhones while not barring purchases

China plans to expand a ban on the use of iPhones to a plethora of state-backed companies and agencies

US SEC sues Virtu Financial for policy lapses on trade information access

The SEC claimed on Tuesday that for a 15-month period "virtually all employees" at subsidiary Virtu Americas LLC could access confidential trade information

India's gold imports surges 40%, threatens to blow out trade deficit

The value of inbound gold shipments grew to $4.9 billion in August from $3.5 billion a year earlier, according to a person familiar with the matter

Adani Group in talks to refinance $3.5 bn debt taken for Ambuja takeover

The Indian conglomerate backed by billionaire Gautam Adani has been in talks with lenders for several months as it seeks to refinance as much as $3.8 billion worth of debt taken for Ambuja acquisition

Rupee bond curve steepens as RBI changes rules for bank investing

The revised rules require the Reserve Bank of India's approval for any change in classification of bond holdings out of the held-to-maturity book

Country Garden wins creditors' support to extend repayment of 7 yuan bonds

The firm has left much smaller payments go right up until final deadlines recently, including a combined $22.5 million in interest it paid in the final hours of grace periods ending Sept 5-6

From weddings to fancy distilleries, Asia taking over world's whisky market

Asia is where the longer-term growth will be, especially as you convert people from whatever the local whiskies are or the cheaper blends to more expensive whiskies over time

Byju's hid $533 mn in hedge fund once run from Miami IHOP, allege lenders

"Byju's has gone to great lengths to conceal the whereabouts of borrower's $533 million for the admitted purpose of hindering and delaying" creditors, they argued in Miami-Dade County court filings