Bloomberg

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

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

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

Global funds view Indian stocks as top hedge against AI risks in 2025

Aberdeen Group Plc sees Indian stocks staging a rebound next year, while Principal Asset Management Co. and Eastspring Investments view the market's low correlation with AI trade

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

Vietnam weathers US tariffs, remains closely tied to global economy

Hanoi negotiated US tariffs down from 46% to 20%, matching most of Southeast Asia, alongside a deal to curb transshipments of Chinese-made goods routed through Vietnam to the US

China confronts cost of dismantling the world's biggest coal sector

Coal has been closely tied to the Communist Party's history and to its efforts to transform China's economy over the past decades

China's EV makers spark price war in Thailand with discounts up to 38%

The savings are eye-catching: BYD Co. slashed as much as 38 per cent from the sticker price for its Seal electric sedan in October, and is offering compensation if there are more price cuts

Hong Kong Democratic Party votes to dissolve after 31 years of operation

The resolution was passed during a meeting on Sunday for discussion of the dissolution and winding-up process, according to a Facebook post by Emily Lau, former chair of the Democratic Party

OpenAI scraps six-month equity vesting requirement for employees: Report

The move comes after the company shortened the vesting period for new hires to six months from the industry standard of 12 months in April, the report said

Hong Kong, India drive Asia's blockbuster year for equity fundraising

The upswing has been broad-based across Asia. Four of the world's five largest share-sale venues are in the continent, with India, mainland China and Japan trailing Hong Kong