In a bland north Austin neighborhood dominated by anonymous corporate office towers, Amazon engineers are toiling away on one of the tech industry’s most ambitious moonshots: loosening Nvidia’s grip on the $100-billion-plus market for artificial intelligence chips.
Take a first look inside the tech giant’s massive chip-making effort: https://bloom.bg/4i59AOj
📷: Chona Kasinger/Bloomberg
Take a first look inside the tech giant’s massive chip-making effort: https://bloom.bg/4i59AOj
📷: Chona Kasinger/Bloomberg
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Japan's hottest stock is a 139-year-old company that's up 430% this year. More here: https://bloom.bg/4fKzDsK
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Sony is in the early stages of developing a portable console that would play its PlayStation 5 games on the move. The product is aimed at expanding Sony’s reach and competing with Nintendo in the portable gaming market, according to people familiar with its development. Read more: https://bloom.bg/3VaYe1p
📷: Kiyoshi Ota/Bloomberg
📷: Kiyoshi Ota/Bloomberg
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🚨 LIVE NOW: US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme. Nearly $30 billion was wiped off the Adani Group’s market value.
Join Bloomberg reporters Menaka Doshi, Sanjai P R, Patricia Hurtado, Chiranjivi Chakraborty for a Live Q&A on the far-reaching impact. Ask your questions here: https://bloom.bg/3Z7b2Y1
Join Bloomberg reporters Menaka Doshi, Sanjai P R, Patricia Hurtado, Chiranjivi Chakraborty for a Live Q&A on the far-reaching impact. Ask your questions here: https://bloom.bg/3Z7b2Y1
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Economic growth: Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. https://bloom.bg/3V71uen
Deep pockets: South African property group Attacq has earmarked $1.1 billion to further develop its flagship Waterfall City hub on the outskirts of Johannesburg. https://bloom.bg/4g3LKRq
Corruption unit: South Africa should set up a single agency to fight graft, according to the OECD, which led a review of the nation’s procurement practices. https://bloom.bg/40ZmjMx
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Deep pockets: South African property group Attacq has earmarked $1.1 billion to further develop its flagship Waterfall City hub on the outskirts of Johannesburg. https://bloom.bg/4g3LKRq
Corruption unit: South Africa should set up a single agency to fight graft, according to the OECD, which led a review of the nation’s procurement practices. https://bloom.bg/40ZmjMx
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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BREAKING: Donald Trump says the US will impose an additional 10% tariff on Chinese goods on top of all existing levies. More here: https://bloom.bg/3AWmlKu
📷: Brandon Bell/Getty Images
📷: Brandon Bell/Getty Images
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Walmart, the world's biggest retailer, is scrapping some diversity, equity and inclusion initiatives after being targeted by a conservative activist. More here: https://bloom.bg/4g6TbHx
📷: Dustin Chambers/Bloomberg
📷: Dustin Chambers/Bloomberg
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Qualcomm’s takeover interest in Intel has cooled, upending what would have been one of the largest technology deals of all time, according to people familiar with the matter. https://bloom.bg/4fHdX0l
📷: Ariana Drehsler/Bloomberg
📷: Ariana Drehsler/Bloomberg
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European Union proposes to sanction several Chinese firms that it claims helped Russian companies develop attack drones. More here: https://bloom.bg/493Hxed
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Kim Dotcom, the internet entrepreneur facing extradition from New Zealand to the US, said he is recovering from a “serious stroke.” More here: https://bloom.bg/4eLPxld
📷: Brendon O'Hagan/Bloomberg
📷: Brendon O'Hagan/Bloomberg
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Bitcoin posted its longest losing streak since Donald Trump’s US election victory, following a failed run at $100,000 and as fervor over his embrace of crypto cools. Read more: https://bloom.bg/413v7kw
📷: Paul Yeung/Bloomberg
📷: Paul Yeung/Bloomberg
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Three young men walk on stage in a ballroom in Singapore for a 10-minute pitch, riffing through 12 slides of pure quantitative-trading nerdery: Hierarchical tree. Co-kurtosis. Vector neutral.
The finance esoterica would be lost on most audiences but it’s catnip for this crowd at the International Quant Championship hosted by WorldQuant. Read more on the SharkTank-style showdown to crowdsource excess returns from finance whiz kids: https://bloom.bg/3CGsuem
📷: WorldQuant
The finance esoterica would be lost on most audiences but it’s catnip for this crowd at the International Quant Championship hosted by WorldQuant. Read more on the SharkTank-style showdown to crowdsource excess returns from finance whiz kids: https://bloom.bg/3CGsuem
📷: WorldQuant
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British Airways plans to introduce a new first class on its A380 double-decker jets in mid 2026.
From a 32-inch TV to a personal luggage storage space, take a sneak peek inside: https://bloom.bg/40YhIKu
📷: British Airways
From a 32-inch TV to a personal luggage storage space, take a sneak peek inside: https://bloom.bg/40YhIKu
📷: British Airways
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Hong Kong has become a center for financial crime as Beijing tightened its grip on the city, US lawmakers said, highlighting the worsening ties between the former British colony and Washington. Read more: https://bloom.bg/3ZkO0y2
📷: Paul Yeung/Bloomberg
📷: Paul Yeung/Bloomberg
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Rates hike: Nigeria's central bank raises interest rates again, intensifying its bid to curb inflation and support the battered naira. https://bloom.bg/3B0SqAU
Historic vote: Namibia is about to vote in its most hotly contested election since gaining independence in 1990 and Netumbo Nandi-Ndaitwah is expected to become the country's first female leader. https://bloom.bg/3ZdXTMS
Inflation cools: Zimbabwe’s monthly inflation rate fell for the first time in four months with the ZiG helping to keep prices under control. https://bloom.bg/3Ov3IAc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Historic vote: Namibia is about to vote in its most hotly contested election since gaining independence in 1990 and Netumbo Nandi-Ndaitwah is expected to become the country's first female leader. https://bloom.bg/3ZdXTMS
Inflation cools: Zimbabwe’s monthly inflation rate fell for the first time in four months with the ZiG helping to keep prices under control. https://bloom.bg/3Ov3IAc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated $11 billion if she wants to avoid execution by lethal injection. More here: https://bloom.bg/3COe8Zq
📷: AFP/Getty Images
📷: AFP/Getty Images
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Chinese cars are rapidly replacing Japanese brands in key markets. Here's how once-dominant brands like Honda and Nissan are losing share at a worrying rate: https://bloom.bg/3Z5rJCV
Photography for illustration: iStock/Getty Images Plus
Photography for illustration: iStock/Getty Images Plus
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NEW: Wall Street billionaire Howard Lutnick must address the future of his sprawling business empire before he prepares for his first boss in decades as Trump’s Commerce secretary pick.
Read The Big Take https://bloom.bg/4ePagEw
Read The Big Take https://bloom.bg/4ePagEw
Bloomberg.com
Howard Lutnick, King of Cantor, Gets a Boss of His Own in Donald Trump
He’s run his brokerage like a personal fiefdom. Now, Wall Street is watching how Lutnick will untangle his personal interests and navigate conflicts at the Commerce Department.
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Election unrest: Mozambique is facing renewed unrest after the main opposition leader called for more protests. https://bloom.bg/3CJrJBh
Disqualified candidates: Tanzanians voted in local government elections on Wednesday that the main opposition said was rigged after thousands of its candidates were disqualified from running. https://bloom.bg/415ePHE
Big deal: A South African minister is appealing an order by the nation’s Competition Tribunal that blocked Vodacom's $730 million deal to buy a stake in Remgro’s fiber businesses. https://bloom.bg/3ZfApaa
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Disqualified candidates: Tanzanians voted in local government elections on Wednesday that the main opposition said was rigged after thousands of its candidates were disqualified from running. https://bloom.bg/415ePHE
Big deal: A South African minister is appealing an order by the nation’s Competition Tribunal that blocked Vodacom's $730 million deal to buy a stake in Remgro’s fiber businesses. https://bloom.bg/3ZfApaa
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Why global hedge funds and private equity firms are piling into Japan’s $165 billion hidden property trade.
The potential for unrealized gains stems from an accounting quirk: https://bloom.bg/49d0vig
The potential for unrealized gains stems from an accounting quirk: https://bloom.bg/49d0vig
Bloomberg.com
Hedge Funds Pile Into Japan’s $165 Billion Hidden Property Trade
Global hedge funds and private equity firms are gravitating toward Japanese companies in a bid to unlock as much as ¥25 trillion ($165 billion) in undervalued real estate.
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Xi wants to transform China's military into a modern force by 2027.
But a major concern appears to be graft that has eroded the quality of the weapons and capabilities of special units, leading to sweeping purges of senior leaders.
Here's what to know: https://bloom.bg/418clZd
But a major concern appears to be graft that has eroded the quality of the weapons and capabilities of special units, leading to sweeping purges of senior leaders.
Here's what to know: https://bloom.bg/418clZd
Bloomberg.com
Why Is China Purging Some of Its Most Senior Military Leaders?
Chinese President Xi Jinping has devoted billions of dollars to transforming the military into a modern force by 2027. His government has also launched sweeping purges in the upper echelons of the People’s Liberation Army (PLA) in response to what US intelligence…
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