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Elon Musk's wealth slumps $20 billion after Tesla Inc's shares tumble
The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault
 "Elon Musk's wealth slumps $20 billion after Tesla Inc's shares tumble")
China eyes next pandemic in push for new medical emergency facilities
The facilities will be used for tourism, recreation and healthcare in normal times. During emergencies, they will serve as medical treatment and quarantine centers
 "China eyes next pandemic in push for new medical emergency facilities")
It's time to get real about rupee's role in international financial system
New Delhi's own experiment with Russian oil should be a sobering reminder of how little sanctions have done to dethrone the US currency. Internationalizing the rupee will neither be swift, nor easy
 "It's time to get real about rupee's role in international financial system")
Twenty two nations apply for BRICS membership, says South Africa
Sooklal has previously said that countries including Saudi Arabia and Iran have formally asked to become BRICS members
 "Twenty two nations apply for BRICS membership, says South Africa")
2 killed in Auckland shooting, gunman dead, hours before FIFA Women's WC
The man contained himself in an elevator shaft in the upper levels of the building and engaged with police before being found dead later
 "2 killed in Auckland shooting, gunman dead, hours before FIFA Women's WC")
Microsoft's AI bet pays off, Nadella's windfall passes $1 bn on stock surge
Tech giant faces German rival's EU antitrust complaint on its Teams, Office
 "Microsoft's AI bet pays off, Nadella's windfall passes $1 bn on stock surge")
Amazon to bring BBC shows to India as battle with Ambani heats up
From Thursday, Amazon's India-based Prime Video members will be able to watch popular British mainstays including The Great British Bakeoff and Strictly Come Dancing on BBC Player
 "Amazon to bring BBC shows to India as battle with Ambani heats up")
Indian truckmakers eye electric as one of the ways to tackle pollution
15 companies including Amazon.com Inc., Nestle SA and India's Aditya Birla Group joined forces to advance the electrification of the nation's truck fleet
 "Indian truckmakers eye electric as one of the ways to tackle pollution")
How Tata's EV battery plant will help Britain in saving its car industry
It has also faced an existential challenge as rival governments pledge vast amounts of public funds to the development of electric vehicles
 "How Tata's EV battery plant will help Britain in saving its car industry")
Tata's $5.2 bn EV battery project in Britain shouldn't be underestimated
The significance of the £4 billion ($5.2 billion) project shouldn't be underestimated, though it is more of a lifeline for domestic carmakers rather than their crowning glory
 "Tata's $5.2 bn EV battery project in Britain shouldn't be underestimated")
$46 bn rally shows optimism is returning for India's IT companies
The NSE Nifty IT Index has climbed 18% from an April low, adding about $46 billion in market value. The 10-member gauge has turned the rally up a notch in July
 "$46 bn rally shows optimism is returning for India's IT companies")
Our civilisation was built for a climate that's vanishing quickly
You can learn a lot about the climates we live in by the buildings we construct
 "Our civilisation was built for a climate that's vanishing quickly")
Sequoia Capital shakes up venture capital team, sheds two crypto investors
Longtime partner Michael Moritz is leaving the venture firm to focus on Sequoia Heritage, a wealth management business he helped start, Sequoia said Wednesday
 "Sequoia Capital shakes up venture capital team, sheds two crypto investors")
Stanford University prez quits after problems discovered in his research
Tessier-Lavigne, a neuroscientist who joined Stanford as president in 2016 from Rockefeller University in New York, has been a leader in the field of brain and spinal cord research
 "Stanford University prez quits after problems discovered in his research")
Blackstone on brink of $1 trn milestone in first for private equity
Private equity firms have risen to power major tracts of the US economy
 "Blackstone on brink of $1 trn milestone in first for private equity")
Apple tests 'Apple GPT,' develops generative AI tools to catch OpenAI
The company was caught flat-footed in the past year with the introduction of OpenAI's ChatGPT, Google Bard and Microsoft's Bing AI
 "Apple tests 'Apple GPT,' develops generative AI tools to catch OpenAI")
Goldman profit tumbles on real estate hits, dealmaking slump: Report
The firm had been actively tamping down expectations heading into the report, prompting analysts to slash their estimates for quarterly profit by almost half since mid-June
 "Goldman profit tumbles on real estate hits, dealmaking slump: Report")
Merger regulations get tougher in crackdown by antitrust enforcers
The changes come on the heels of several bruising defeats for the government in blocking vertical mergers
 "Merger regulations get tougher in crackdown by antitrust enforcers")
Morgan Stanley moves 200 technologists out of mainland: China data law
The employees, accounting for more than a third of Morgan Stanley's technologists on the mainland, are primarily moving to Hong Kong and Singapore, one of the people said
 "Morgan Stanley moves 200 technologists out of mainland: China data law")
Microsoft offers free security feature after alleged China cyber hack
Microsoft said its decision was "in response to increasing frequency and evolution of nation-state cyberthreats
 "Microsoft offers free security feature after alleged China cyber hack")