Bloomberg
Bloomberg
Page 367 - Bloomberg/workspace/business Standard Web/undefined
AI researcher who helped in writing landmark paper is leaving Google
Llion Jones, who helped write the pioneering AI paper "Attention Is All You Need," confirmed to Bloomberg that he will depart Google Japan later this month
 "AI researcher who helped in writing landmark paper is leaving Google")
India likely to sign €3 bn fighter jet deal with France in Modi's arms push
Nearly three dozen Rafale-Marine fighters will be sold to Indian Navy for use on its locally manufactured aircraft carrier, INS Vikrant, according to senior officials familiar with developments
 "India likely to sign €3 bn fighter jet deal with France in Modi's arms push")
As business bankruptcies surge around the world, next wave could be bigger
Large defaults add to the risk of a vicious cycle of suppliers not being paid, workers losing their jobs, banks further tightening lending criteria and then more companies going bust
 "As business bankruptcies surge around the world, next wave could be bigger")
Sri Lanka default: A bad bank would help the nation fix its finances
Before injecting fresh funds, the govt needs to take non-performing debt related to tourism, real estate and other troubled industries off banks' books
 "Sri Lanka default: A bad bank would help the nation fix its finances")
US big tech's dominance in stock market hits breakpoint for Nasdaq 100
The seemingly unstoppable growth of megacaps like Apple Inc. and Microsoft Corp. mean they have breached an upper limit imposed on stocks in the Nasdaq 100
 "US big tech's dominance in stock market hits breakpoint for Nasdaq 100")
Buffett's Berkshire Hathaway takes control of LNG plant with $3.3 bn deal
Berkshire Hathaway Inc. first took a stake in the one-train export plant with an annual export capacity of 5.25 million tons in 2020.
 "Buffett's Berkshire Hathaway takes control of LNG plant with $3.3 bn deal")
Chinese embrace summer holiday flying, passenger traffic reaches 9 mn
Free from grueling Covid restrictions at last, Chinese travelers are seizing the moment. July 1-5 passenger traffic at airports was 14% higher than in the same period in 2019
 "Chinese embrace summer holiday flying, passenger traffic reaches 9 mn")
Poisoned cough syrup traced to India reveals lapses in regulation
From cough syrup to eyedrops to life-saving medications, quality lapses in one country can now endanger lives elsewhere as never before
 "Poisoned cough syrup traced to India reveals lapses in regulation")
China's consumer inflation rate slows to zero, slides to brink of deflation
Core inflation, which excludes volatile food and energy costs, slowed to 0.4 per cent from 0.6 per cent
 "China's consumer inflation rate slows to zero, slides to brink of deflation")
Carl Icahn gets breathing room from lenders after Hindenburg attack
A principal repayment of $500 million is now due on or before September 1, according to a filing
 "Carl Icahn gets breathing room from lenders after Hindenburg attack")
Trump is unelectable, says $3.6 mn ad campaign tied to influential group
The 60-second ad features a former Trump supporter named John sitting on his front porch steps and describing Trump as a losing bet for Republicans
 "Trump is unelectable, says $3.6 mn ad campaign tied to influential group")
Bitcoin bulls take heart from smaller token Litecoin's market, beating jump
Litecoin was created in 2011 and aims for faster transactions than Bitcoin
 "Bitcoin bulls take heart from smaller token Litecoin's market, beating jump")
Threads to add $8 bn to Meta annual revenue by 2025, says analyst
Instagram's new app, designed as a direct rival to Elon Musk's Twitter, signed up 100 million users in the days since Meta launched the service last Wednesday
 "Threads to add $8 bn to Meta annual revenue by 2025, says analyst")
Reliance Industries rallies on finance unit listing, retail buyback plans
The buyback of the small number of non-promoter shares is effectively a clean-up of the shareholding before any eventual IPO of the retail venture, JPMorgan Chase & Co. said in a note
 "Reliance Industries rallies on finance unit listing, retail buyback plans")
$7.5 bn SGX-traded futures has tepid start after shifting to India
The average number of open contracts for NSE International Exchange's key product GIFT Nifty was 32,934 in the week to July 7, according to data compiled by Bloomberg
 "$7.5 bn SGX-traded futures has tepid start after shifting to India")
Why Europe can't give weapons to Ukraine quickly even after 1.5 yrs of war
The calculation matters beyond the corporate offices of Europe's defence industry, which collectively generates about €120 billion a year in revenues
 "Why Europe can't give weapons to Ukraine quickly even after 1.5 yrs of war")
Azerbaijan's Covid curbs turn into moneyspinner despite it being over
The self-isolation from its neighbors that include Russia and Iran is the last remaining safety measure imposed by Azerbaijan during the pandemic
 "Azerbaijan's Covid curbs turn into moneyspinner despite it being over")
Millions of Chinese curb Southeast Asian growth as they decide to stay home
The visitor statistics suggest that Southeast Asia's economic recovery this year will be muted, amid a dimming global growth outlook from tighter monetary policies
 "Millions of Chinese curb Southeast Asian growth as they decide to stay home")
Banks, consumer cos to brighten earnings in India amid IT uncertainties
India's banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets
 "Banks, consumer cos to brighten earnings in India amid IT uncertainties")
China slides to brink of deflation, adds urgency for economic stimulus
The consumer price index was unchanged last month from a year earlier - the weakest rate since prices fell in February 2021, according to data released by the National Bureau of Statistics on Monday
 "China slides to brink of deflation, adds urgency for economic stimulus")
