Bloomberg

Trump's $38 billion plan to overhaul US immigration detention: Explained

Trump's $38 billion plan will add 92,600 ICE beds through new mega detention centres, aiming to speed deportations and consolidate facilities nationwide

Hyatt Executive Chairman Pritzker announces retirement over Epstein ties

Pritzker is the latest in a string of high-profile business leaders, politicians and other public figures forced to reckon with public attention on their ties with Epstein

Decision on sale of weapons to Taiwan to be made soon, says Trump

The US's military support for Taiwan has become one of the key points of contention between Washington and Beijing before the countries' leaders are slated to meet in April in China

US unveils $38 billion plan to overhaul detention system to jail migrants

As part of its broader detention overhaul, the administration has begun purchasing warehouse buildings across the country with plans to convert them into immigration detention centers

Warner Bros. weighs reopening sale talks with Paramount amid Netflix bid

Paramount has revised its offer, agreeing to cover the $2.8 bn Netflix breakup fee and backstop Warner Bros' debt refinancing to ease board concerns

No govt links to man guilty of US citizen Pannun's murder plot, says India

In 2024, India's investigation into the US claims found that rogue operatives not authorized by the government had been involved in the murder plot

Iran foreign minister to meet UN nuclear chief ahead of talks with US

Trump's son-in-law, Jared Kushner, and special envoy Steve Witkoff are expected to head the US delegation

AirAsia closing in on Nasdaq backdoor listing at $1.5 bn valuation: CEO

The deal, which will involve the merger of the branding unit with the US-listed company, will probably be announced within the next two months, AirAsia CEO Fernandes said

Rampant AI demand for memory fuels deepening supply crunch for chips

Skyrocketing memory costs mean DRAM could soon account for as much as 30 per cent of low-end smartphones' bill of materials - tripling from 10 per cent in early 2025

Epstein donated to Harvard-linked student group for years after conviction

From 2013 until his death, Epstein donated at least $375,000 to the organisation, the Justice Department documents show

Insurers face rising losses as civil unrest grows in wealthy nations

Claims tied to SRCC, strikes, riots and civil commotion, are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies

Gold edges lower as traders lock in gains after rally above $5,000 an ounce

Bullion fell as much as 0.8 per cent on Monday, after climbing 2.4 per cent in the previous session

Elon Musk's SpaceX outpaces China's 203K 'paper satellite' ambitions

China has several firms chasing reusable rockets, but SpaceX keeps widening the lead; and without a Falcon 9 rival, Beijing's 203,000-satellite plan remains largely on paper

India seeks role in shaping AI with summit of world leaders, tech chiefs

World leaders, tech moguls, AI founders and investors are expected to arrive in New Delhi for the India AI Impact Summit, potentially the largest gathering of AI luminaries to date

Merger involving $61 billion of debt seen aiding India's credit market

The government will merge state-run PFC and REC, a move fund managers say could channel more capital into major corporates and large power projects

Trump admin's top sanctions official set to leave after Bessent tension

Hurley's expected departure as Treasury's undersecretary for terrorism and financial intelligence follows months of internal tension over the tactics and targets of US sanctions policy

Govt plans to revive private investment in highways with ₹1 trn project

The renewed push for private capital is intended to modernise infrastructure and reduce logistics costs, as well as strengthen India's competitiveness against China

AI disruption is dominating conference calls as investors dump stocks

Mentions of AI disruption on management calls almost doubled compared to the previous quarter, a Bloomberg News analysis of transcripts shows

Growing civil unrest in Western democracies comes with an insurance sting

Civil unrest is on the rise globally, a development that has coincided with a measurable increase in levels of inequality and polarization in some of the world's richest countries

China's Xi Jinping emphasises stability at start of new policy cycle

The nation will also seek to maintain social harmony and stability, Xi said in his speech in Beijing on Saturday, state broadcaster China Central Television reported