OpenAI raises $6.6 billion in funds at $157-billion valuation
OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157-billion valuation and bolstering its efforts to…
Bloomberg: Russia is wearing down Ukraine’s defenses while Zelenskiy fights with his top general
Ukraine is running short of weapons to protect its cities, with vital assistance from Europe and the US held up by political disputes, while President…
Bloomberg: What if Putin wins? US allies fear defeat in Ukraine
With critical aid for Kyiv snarled up by political infighting on both sides of the Atlantic, European officials are starting to think through the consequences…
Bloomberg: Russia’s key economic sectors shrug off sanctions
Russia’s third quarter growth hits 5.5%, outpacing estimates. Recovery shows limits of sanctions to punish Moscow over war. Key sectors of Russia’s economy are adapting…
Bloomberg: Allies fear US is overextended as Global conflicts spread
Allies fear US power may be overtaxed as Mideast war spreads. US says it can handle Ukraine, Mideast wars, China tensions, Bloomberg notes. Joe Biden…
Bloomberg: The US economy is now breaking in plain sight
You wouldn’t know it by the headlines. But the US economy is breaking in plain sight. Only the savings cushion of the richest 20% are…
Bloomberg: Russian budget swings to surplus in spite of sanctions
India being the host country, the triumphalist tom-toming that G20 summit on September 9-10 was a “success” is both understandable and probably justifiable. Certainly, Indian…
Bloomberg: Why the US and Europe still buy Russian nuclear fuel
Changing from one energy supplier to another might seem like a mission, but it’s quite easy when you are well-informed. If this is something you…
Bloomberg: Foreign investors believe they’ll never be able to access the cash from Russian assets
Ever since abruptly abandoning its “zero-COVID” pandemic containment strategy last year, China has been at pains to tell the world that it’s back open for…
Bloomberg: “Don’t expect Ukraine to save democracy”
As one of Europe’s largest military operations since World War Two gets underway, we should also fear, and brace ourselves for, what a Ukrainian victory…
Bloomberg: Backlash against weaponized dollar is growing across the World
All around the world, a backlash is brewing against the hegemony of the US dollar, Bloomberg comments. Brazil and China recently struck a deal to…
Bloomberg: Germany, Europe’s economic engine, is breaking down
Germany has been Europe’s economic engine for decades, pulling the region through one crisis after another. But that resilience is breaking down, and it spells…
Japan, Netherlands to join US in China chip controls: Bloomberg | Business and Economy
Agreement on tighter export controls on China would be seen as a big diplomatic win for US President Joe Biden. Japan and the Netherlands will…
Spotify to announce layoffs as soon as this week: Bloomberg | Labour Rights
Swedish audio streaming giant reportedly planning job cuts after recent layoffs at Apple, Google, Microsoft and Amazon. Spotify Technology, the Swedish audio streaming giant, is…
Tesla nearing deal to build plant in Indonesia: Bloomberg | Automotive Industry
CEO Elon Musk tells followers on Twitter to be ‘cautious’ about articles using unnamed sources after report. Tesla is nearing a preliminary deal to build production…
These are the billionaires hoping to influence elections that will determine control of Congress
One is the world’s richest person, another has been described as a “chain-smoker who often dresses without socks,” and yet another has changed political parties…
China may ease ‘three red lines’ property rules: Bloomberg | Property
Strict lending rules were introduced in 2020 to tackle property developers’ unbridled borrowing. China is planning to relax restrictions on borrowing for property developers to…
Media mogul Mike Bloomberg looks to buy WSJ or WaPo: Report | Media News
A merger would create a financial data and news giant, further firming up the world’s 12th-richest man’s stronghold. Billionaire Michael Bloomberg, the owner of Bloomberg…