Bloomberg
Bloomberg
Page 194 - Bloomberg/workspace/business Standard Web/undefined
Byju's hedge fund ally Morton seeks to keep lawyers as cash runs out
After the hearing, Morton said his Miami-based Camshaft Fund has run out of cash and owes money to creditors
 "Byju's hedge fund ally Morton seeks to keep lawyers as cash runs out")
OpenAI to allow corporates to customise its most powerful AI model
The move comes as startups face rising competition for their AI products for business, and businesses face growing pressure to demonstrate the gains from investment in AI
 "OpenAI to allow corporates to customise its most powerful AI model")
AI boom driving earnings growth for Europe's biggest industrial companies
Data center revenues for the six biggest electrical firms reached €20 billion ($22.2 billion) last year, double what they were five years earlier, according to Redburn Atlantic analyst James Moore
 "AI boom driving earnings growth for Europe's biggest industrial companies")
Gold pares gains after hitting records as focus turns to Jackson Hole
Bullion climbed to as high as $2,531.75 an ounce, taking this year's gain to more than 22 per cent, before giving up some of the advance
 "Gold pares gains after hitting records as focus turns to Jackson Hole")
Wealthy Indians' plan to invest abroad via GIFT city hits roadblock
The regulator for Gujarat International Finance Tec-City is halting approvals for family investment funds after feedback from the central bank
 "Wealthy Indians' plan to invest abroad via GIFT city hits roadblock")
Zelenskyy urges US, European allies to remove limits on weapons use
Operation to seize Russian territory in the Kursk region would have been viewed as crossing the strictest of all red lines
 "Zelenskyy urges US, European allies to remove limits on weapons use")
China approves 11 nuclear reactors worth $31 billion across five sites
China has more nuclear reactors under construction than any other nation in the world
 "China approves 11 nuclear reactors worth $31 billion across five sites")
Mpox outbreak spreads in Africa with Burundi reporting 100 cases: WHO
The cases, 28 per cent of which were in children under five, have been reported since July in multiple districts
 "Mpox outbreak spreads in Africa with Burundi reporting 100 cases: WHO")
Ambani takes Shein's help to battle Tata in race to sell affordable fashion
Reliance Industries Ltd. has poured more than $2 billion into its retailing unit over the past year
 "Ambani takes Shein's help to battle Tata in race to sell affordable fashion")
Huge profits made by investors on catastrophe bonds raising eyebrows
Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster coverage, have been handing investors double-digit returns
 "Huge profits made by investors on catastrophe bonds raising eyebrows")
Summer deals heat up as 7-Eleven, Pop Tarts drive M&A wave: Report
7-Eleven parent Seven & i Holdings Co. soared Monday after saying it's received a takeover proposal from the owner of Circle K
 "Summer deals heat up as 7-Eleven, Pop Tarts drive M&A wave: Report")
General Motors to lay off more than 1,000 software engineers, mostly in US
The moves come two months after former Apple Inc. executives David Richardson and Baris Cetinok were promoted to senior vice president roles in the group
 "General Motors to lay off more than 1,000 software engineers, mostly in US")
Sebi to expand scope of ESG finance framework to more products: Report
The Securities and Exchange Board of India will consult on introducing social bonds, along with sustainable and sustainability-linked bonds
 "Sebi to expand scope of ESG finance framework to more products: Report")
How lack of coordination, funding issues turned mpox into a global crisis
The chain of delayed reactions to the crisis began during the last mpox emergency that ended in 2023
 "How lack of coordination, funding issues turned mpox into a global crisis")
Waning demand expected to hit breakneck rally in India's auto stocks
India's NSE Nifty Auto Index is down 4.1 per cent in August, more than double the decline in the Nifty 50 Index
 "Waning demand expected to hit breakneck rally in India's auto stocks")
Israel, Hamas accuse each other for impeding cease-fire & hostage deal
Mediators say the current round of negotiations have brought the two sides closest to an official pause in fighting in months
 "Israel, Hamas accuse each other for impeding cease-fire & hostage deal")
Will be tough for Alibaba, Tencent, JD.com to grow without Beijing's help
Chinese tech firms may look to invest heavily in artificial intelligence, despite unique challenges
 "Will be tough for Alibaba, Tencent, JD.com to grow without Beijing's help")
Why it makes sense for food prices to be cut out of RBI's inflation target
Officials are depressingly hesitant to touch anything to do with food production and prices, since these are particularly sensitive politically
 "Why it makes sense for food prices to be cut out of RBI's inflation target")
Chinese stock exchanges to stop releasing data on overseas fund flows
That's because the country's stock exchanges will stop releasing daily data on overseas fund flows starting Monday, depriving investors of a key sentiment indicator to track the $8.3 trillion market
 "Chinese stock exchanges to stop releasing data on overseas fund flows")
Harris-Walz campaign to spend $370 mn on digital, TV ads in push to Nov. 5
For August, Trump and his allied super-PACs have booked about 60 per cent of the ad time
 "Harris-Walz campaign to spend $370 mn on digital, TV ads in push to Nov. 5")
