Page 12 - Bloomberg/workspace/business Standard Web/undefined

Marjorie Taylor Greene to resign from Congress after fallout with Trump

Greene was among the Republicans who led the legislative effort to compel the Justice Department to release the files of sex trafficker Jeffrey Epstein

TPG, Warburg in talks to buy over $500 million stake in Sirion Labs

The transaction highlights investor interest in artificial intelligence-based digital businesses that automate processes and reduce employee time spent on procedural tasks

Loss of US intelligence may harm Ukraine more than a halt in weapons

If the Trump administration makes good on its threat, the effects on Ukraine might not be immediate but could eventually be disastrous

Italy wins Moody's upgrade for 1st time since 2002 on political stability

In August 2022, Moody's even skewed its assessment of the euro zone's third-biggest economy toward a dramatic move to junk by shifting its outlook to negative

Big Tech's debt binge raises risk in race to create an AI world

Listen to the Here's Why podcast on Apple, Spotify or anywhere you listen

Cambridge Analytica case: Zuckerberg's Meta settles claims for $190 million

Representatives of Menlo Park, California-based Meta and Zuckerberg didn't immediately return emails seeking comment on the settlement

China can't afford to ignore its army of gig workers amid job crunch

A bestselling memoir exposes the harsh reality of China's delivery workforce and why policymakers must prioritise protections as the economy pivots to high tech

US sanctions risk leaving 48 million barrels of Russian oil stranded at sea

Washington's move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration

Trump's 28-point Ukraine peace plan would grant key Russian demands

Under the terms of the plan, the Ukrainian regions of Crimea, Luhansk and Donetsk would be "recognised as de facto Russian, including by the United States

Lula stares down Donald Trump and scores tariff victory for Brazil

In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair

Netflix, Comcast, and Paramount submit bids for Warner Bros Discovery

The submissions meet a Nov. 20 deadline for a first round of bids set by the board of Warner Bros. Discovery, the parent of HBO, CNN and the Warner Bros. movie and TV studios

OpenAI partners with Foxconn to design hardware for AI data centres

Hon Hai, also known as Foxconn, will co-design and develop data centre server racks with OpenAI, and work to ensure such racks can be manufactured across the US

White House urges Congress to block bill curbing Nvidia's China chip sales

Nvidia, which has lobbied relentlessly for greater access to the world's biggest market for semiconductors, is not out of the woods yet

OpenAI's rise pushes banks to expand equity research into private markets

The banks are aiming to capture the potential impact of unlisted competitors of the stocks they follow, as well as to sate a relentless investor appetite for insights into their performance

US adds 119,000 jobs in September as unemployment rate climbs to 4.4%

Nonfarm payrolls increased 119,000 after the prior month was revised to a decline, according to Bureau of Labor Statistics data out Thursday

India's chipmaking to be at par with major producers by 2032: Vaishnaw

The world's most populous nation has used a $10 billion fund to fuel its chip programme, helping to bring about several assembly, packaging and testing ventures

Here's why Pakistan may regret letting army back at the centre of power

The 'establishment', Pakistanis' euphemism for their powerful military and the industries and organisations it controls has held a large share of power since its first decade as an independent nation

Muthoot Finance turns India's gold obsession into soaring family fortune

Their family-run gold-loan business is surging as consumers tap rising bullion prices for quick cash, driving the firm's stock to a record and lifting the Muthoot family's wealth to new heights

Turkey wins bid to host COP31 in Antalya following agreement with Australia

Although a formal sign-off is still needed, Flasberth said there was no opposition within a group of countries needed to back the decision

Paramount, Comcast and Netflix weigh bids as deadline nears for Warner Bros

Warner Bros. said it would evaluate strategic options last month after receiving interest in all or part of the business from multiple suitors. The first round of bids are expected today