Bloomberg

Cost of proposed White House ballroom may now reach $400 mn, says Trump

The White House has said it's being financed by private donations, but has not publicly specified them - raising questions about which people or companies might fund it to curry favour with Trump

Mizuho Financial to buy KKR-backed Avendus Capital for expansion in India

Japan's third-largest bank got agreement from a major shareholder to purchase 61.6 per cent of the Mumbai-based firm

Rupee slide puts spotlight on limits to India's currency defence

A key reason is the Reserve Bank of India's $64 billion short-dollar position - a pledge to supply large amounts of dollars in the future through derivatives contracts with lenders

Sydney's Bondi beach shooter awakens from coma as first funeral held

New South Wales police were expected to start questioning 24 year-old Naveed Akram on Wednesday, Commissioner Mal Lanyon said

Maruti Suzuki expects new EV lifting green-car share of India sales to 45%

The unit of Japan's Suzuki Motor Corp., which is looking to roll out its new e VITARA subcompact crossover in India from early next year, expects greener vehicles to make up about 45 per cent of its o

Tesla may face 30-day sales halt in California over misleading claims

Lawyers for Tesla sought to fend off the DMV's disciplinary action by arguing that its advertising is protected free speech under the First Amendment of the US Constitution

Trump orders total blockade of all sanctioned oil tankers in Venezuela

Trump said he was also designating the regime of Venezuelan President Nicolas Maduro as a "foreign terrorist organisation

Trump declares fentanyl as weapon of mass destruction to tackle drug crisis

The move comes as Trump has cited fentanyl deaths to justify a series of attacks against boats in international waters that the Pentagon says were being used to smuggle drugs

Global shadow banking assets cross $250 trn as watchdog warns on data

Within non banks, the fastest growth was in trust companies, hedge funds, money market funds and other investment funds, which all posted double digit rates of growth

Global smartphone output set to fall in 2026 amid chip crunch: Researcher

With smartphones, Chinese brands like Honor Device Co. and Oppo are seen as more vulnerable because of their lower margins

Bondi Beach attack spurs worldwide mourning and calls for tougher gun laws

Hanukkah events and vigils took place in central Melbourne on Monday evening, with landmarks lit up to commemorate the Bondi victims

Ford to take $19.5 bn in charges as it overhauls electric vehicle business

In taking the charges, Ford is acknowledging it built far too much battery production capacity and was going down a dead-end with large EVs that were destined to lose more money

US plans to reduce number of G-20 finance meetings during its chairmanship

Next year the US intends to hold only one host nation session with the finance ministers and central bankers in August

Brown University sends students home after deadly shooting leaves 2 dead

NBC reported earlier that the person of interest had a unique characteristic to his firearm and that firearm was found when he was taken into custody

Xi Jinping warns officials against chasing 'reckless' GDP expansion

The Chinese leader also warned that 'inefficient' investment, which results in projects being abandoned as soon as they are completed, must be prevented

Australian PM Albanese grapples with fallout after Jewish massacre

Last December, offenders broke into the Adass Israel Synagogue in Ripponlea, Victoria, and spread accelerant in what police described as a probable terrorist attack

MUFG nears $3.2 bn deal to acquire minority stake in Shriram Finance

Shriram's shares have risen almost 50 per cent this year, giving the Mumbai-based financial services firm a market value of roughly $18 billion

Warner Bros deal caps blockbuster year as global M&A hits $4.5 trillion

Paramount Skydance Corp.'s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions

AI chatbots are becoming dangerously effective at political persuasion

When language models like GPT-4o were told to try persuading someone about healthcare funding or immigration policy, they'd generate around 25 claims during a 10-minute interaction

Fifth La Niña in 6 yrs to disrupt crops, supply chains; raise disaster risk

La Niña can intensify both droughts and downpours, fuel more active storms across the tropical Pacific and strengthen Atlantic hurricanes