Page 500 - Bloomberg/workspace/business Standard Web/video

Govt's China-style internet laws may expose citizens to more surveillance

It seeks to bend the industry to the government's will by imposing a license requirement on everything from Gmail to FaceTime and Skype

Tesla's AI day set to offer a glimpse of its sentient robots: Report

On Friday, Musk will host Tesla's second AI Day in Palo Alto, California, formerly the home to its global headquarters.

UK PM Liz Truss says tax cut was a right thing, will not change course

"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.

Digital gold firm SafeGold plans metal leasing for India's jewellers

Small, often family-run businesses account for about 65% of the world's second biggest jewellery market, the WGC said in a report Wednesday

India eyes $550 million incentives to woo companies like Apple, Dell

The technology ministry has floated the revamped program to electronics industry executives for consultation, including payments that could exceed a half a billion dollars per company

SoftBank cuts about 150 staff globally, including at Vision Fund: Report

The Tokyo-based company informed some staff Thursday and at least 100 workers will likely be affected, said the people, asking not to be named as the information is not public

Hurricane Ian one of strongest storms to make landfall in Florida, US

After rapidly intensifying over warm waters in the Gulf of Mexico, Hurricane Ian slammed into southwestern Florida yesterday as a massive Category 4 storm

King Charles III may not replace Queen Elizabeth on Australia's $5 notes

Just weeks after Queen Elizabeth II's death, Australia is already hinting it might not replace her with King Charles III on its five-dollar banknotes when they're eventually reprinted

Total CEO pushes spending on renewable energy amid global energy crisis

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year

Hurricane Ian has potential for 'catastrophic' chemical leak in Florida

As Floridians board up their homes and businesses brace for Hurricane Ian's impact, environmental groups worry there's one big hazard that's been left exposed to storm damage

RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps

The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

10-year yield on US Treasury notes breaches 4% mark after 12 yrs

The benchmark US 10-year yield was little changed at 3.945 per cent after earlier climbing to 4.015 per cent.

Plunging global markets trigger new intervention warnings in Asia

South Korea joined a growing list of interventions on Wednesday, with the central bank saying it will buy as much as $2.1 billion worth of sovereign debt.

Apple abandons plans to increase iPhone production after demand falters

Apple had upgraded its sales projections in the weeks leading up to the iPhone 14 release and some of its suppliers had started making preparations for a 7% boost in orders

World's biggest air-conditioner maker Daikin doubles down on India

Daikin Industries Ltd is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth

India's potash facing demand destruction as world reels from high prices

Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier

Asian central banks need broader foreign exchange defence as reserves slide

India is already estimated to have spent $75.1 bn this year supporting the rupee in the spot and forward markets, while China has probably spent $39.6 bn

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels

Alzheimer's progression slows by 27% in large-scale drug trial

Lecanemab reduced the pace of cognitive decline in people with early disease by 27% over 18 months when compared with a placebo, meeting the main goal of the trial