US weighs sanctioning Huawei’s Chinese chip network, Bloomberg News reports
(Reuters) – The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co, Bloomberg News reported on Wednesday citing people familiar with the matter. The companies…
Czech central bank’s Holub says bigger rate cut possible in Feb -Bloomberg News
(Reuters) – Czech policymakers could consider accelerating the pace of interest rate cuts as inflation ebbs to “relatively standard” levels, Czech National Bank (CNB) board member Tomas Holub said in an interview…
MacKenzie Scott trims Amazon Stake by $10 billion- Bloomberg News
(Reuters) – MacKenzie Scott, ex-wife of Amazon.com billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News reported on Friday. The share sale forms about…
Shein investors selling stock at 30% discount- Bloomberg News
(Reuters) – Shein’s investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as $45 billion, or a discount of around 30%…
David Ellison makes offer for Paramount-owner National Amusements – Bloomberg News
(Reuters) -Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg…
US aims to impose tighter curbs on civilian gun exports: Bloomberg
(Reuters) – The Biden administration is seeking to reduce the use of U.S.-made guns in foreign crimes and human rights violations by tightening oversight and rules governing commercial exports of semiautomatic weapons,…
China says EU’s ‘unfair’ EV subsidies probe risks damaging ties- Bloomberg News
(Reuters) – China’s ambassador to the European Union called the EU’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair”, Fu Cong told Bloomberg News in an interview. Fu told Bloomberg…
US seeks to stop citizens’ data exploitation for blackmail, espionage – Bloomberg News
(Reuters) – The United States plans to announce a new executive order to seek to prevent foreign adversaries from accessing troves of highly sensitive personal data about Americans and people connected to…
DeSantis discussing ending 2024 presidential campaign -Bloomberg reports, citing sources
WASHINGTON (Reuters) – Republican Florida Governor Ron DeSantis and aides are discussing options for ending his 2024 presidential campaign, perhaps before Tuesday’s New Hampshire primary, Bloomberg News reported on Sunday, citing people…
Societe Generale plans job cuts in France to trim costs- Bloomberg News
(Reuters) – Societe Generale is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa’s effort to rein in costs, Bloomberg News reported on…
Liquidity risks worry IMF amid high debt, Gopinath tells Bloomberg News
(Reuters) – The International Monetary Fund is watching for potential market liquidity risks as countries refinance debt issued during the pandemic, its first Deputy Managing Director Gita Gopinath told Bloomberg News on…
Amazon’s Twitch to lay off 35% of workforce- Bloomberg News
(Reuters) – Amazon.com’s streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported on Tuesday, citing people familiar with the plans. The move could…
Microsoft executive Dee Templeton joins OpenAI board – Bloomberg News
(Reuters) – Microsoft executive Dee Templeton has joined OpenAI’s board as a non-voting observer as part of a broader boardroom revamp, Bloomberg News reported on Friday, citing a person familiar with the…
Apple’s iPhone design head to work with Jony Ive at LoveFrom – Bloomberg News
(Reuters) – Apple executive Tang Tan, who led design for the iPhone and Apple Watch, is set to join LoveFrom, Bloomberg News reported on Tuesday citing people familiar with the matter. Tan…
High-speed transportation firm Hyperloop One to shut down – Bloomberg News
(Reuters) – High-speed freight transportation company Hyperloop One will shut down, having failed to win any contract to build a working hyperloop, Bloomberg News reported on Thursday citing people familiar with the…
Apple cannot repair older out-of-warranty watches during ban – Bloomberg News
(Reuters) -Apple customer service teams were informed in a company memo this week that it will no longer replace out-of-warranty models going back to Apple Watch Series 6, Bloomberg News reported on…
S.Korea seeks fines on HSBC, BNP for naked short selling – Bloomberg News
(Reuters) -South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on HSBC Holdings and BNP Paribas for naked short selling, Bloomberg News reported…
Apple ramps up Vision Pro production, plans February launch – Bloomberg News
(Reuters) -Apple is ramping up production of the Vision Pro mixed-reality headset, setting the stage for a launch by February, Bloomberg News reported on Wednesday citing people with knowledge of the matter.…
Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported on Wednesday,…
HCSC, Elevance compete for Cigna Medicare Advantage unit – Bloomberg News
(Reuters) – Health Care Service Corp and Elevance Health are competing to acquire Cigna Group’s business providing medical coverage to those aged 65 and over, Bloomberg reported on Friday, citing people with…
UBS steps up efforts to recover cash from Credit Suisse defectors – Bloomberg News
(Reuters) – Swiss lender UBS Group AG has stepped up efforts to recoup hundreds of millions in cash bonuses that Credit Suisse paid to retain dealmakers before the lender’s collapse, Bloomberg News…
X’s 2023 ad sales to slump to $2.5 billion – Bloomberg News
(Reuters) -Elon Musk’s social media platform X’s 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday. Several companies including Comcast and Walt Disney paused their…
China’s Country Garden may avoid yuan bond default after deal – Bloomberg News
(Reuters) – China’s Country Garden Holdings is likely to avoid its first default on yuan bonds after most holders of a local note agreed not to demand repayment this week, Bloomberg News…
US FTC examining Microsoft investment in OpenAI – Bloomberg News
(Reuters) – The U.S. Federal Trade Commission is examining the nature of Microsoft’s investment in ChatGPT maker OpenAI, and whether it may violate antitrust laws, Bloomberg News reported on Friday, citing a…
EU considers restarting WTO case against US over steel tariffs – Bloomberg News
(Reuters) – The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute that saw the allies hit each other…
Tesla’s Dojo supercomputer head leaves, former Apple exec to lead – Bloomberg News
(Reuters) -Tesla’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, Bloomberg News reported on Thursday citing people familiar with the matter. Peter Bannon, a former Apple executive and director at…
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