President Trump will consider a proposal for divesting TikTok’s US operations from Chinese parent company ByteDance, just days ahead of a deadline for its sale, according to people familiar with the matter. https://bloom.bg/3YeBfUF
Bloomberg.com
Trump to Weigh Plans for TikTok Sale at Meeting on Wednesday
President Donald Trump will meet on Wednesday to consider a proposal for divesting TikTok’s US operations from Chinese parent company ByteDance Ltd., just days ahead of a deadline for a sale of the popular social media app, according to people familiar with…
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Peter Dutton is making his first bid for Australia’s top job in an election on May 3 as the world shifts rightward. The 54-year-old politician is promising to boost the economy, end "woke" cultural initiatives, and take a hard line on immigration. https://bloom.bg/3QZh8WE
Bloomberg.com
Ex-Cop Rises as Australia Opposition Seeks to Defeat PM Albanese
In 1998, then 27-year-old detective Peter Dutton was pursuing an escaped prisoner in a high-speed chase through the streets of Brisbane when his car flipped and slid into a building.
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🎙 India’s historic stock market rally has sparked a retail-investing frenzy.
It's also become a breeding ground for financial fraud, scamming victims out of their life savings.
Find out more on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
It's also become a breeding ground for financial fraud, scamming victims out of their life savings.
Find out more on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
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Val Kilmer, the brooding, versatile actor who played fan favorite Iceman in “Top Gun,” donned a voluminous cape as Batman in “Batman Forever” and portrayed Jim Morrison in “The Doors,” has died. He was 65. More: https://bloom.bg/42t7DFC
📷: EuropaNewswire/Gado/Archive Photos
📷: EuropaNewswire/Gado/Archive Photos
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The Trump administration calculated its raft of new tariffs primarily based on existing trade balances.
But the actual formula used isn’t how the White House initially signaled the calculations would be done. Here's the breakdown: https://bloom.bg/3R0eXlK
📷: Office of the United States Trade Representative
But the actual formula used isn’t how the White House initially signaled the calculations would be done. Here's the breakdown: https://bloom.bg/3R0eXlK
📷: Office of the United States Trade Representative
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President Trump has slapped a 26% tariff on US imports from India, higher than the levies applied to goods from the European Union, Japan and South Korea.
Here's why, and what it means: https://bloom.bg/4iVvIed
Here's why, and what it means: https://bloom.bg/4iVvIed
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Vietnam left reeling as “cruel” 46% Trump tariff crushes economic hopes https://bloom.bg/4cBoidP
Bloomberg.com
Vietnamese View ‘Cruel’ Trump Tariff Crushing Economic Dreams
Hoang Cuong started buying shares five years ago in the hope that he could one day afford to buy an apartment in Hanoi.
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🚨 LIVE NOW: President Donald Trump’s new reciprocal tariffs are set to hit some of world’s poorest countries the hardest. Can the emerging nations rival China's supply chain? Bloomberg's Nasreen Seria, Philip Heijmans, Shruti Srivastava, James Mayger answer your questions in a Live Q&A. https://bloom.bg/4lhUQxg
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Trump's tariff "chart of death" has Wall Street investors grappling with a new reality: They're trade-war collateral damage. More here: https://bloom.bg/4i3GRIo
📷: Michael Nagle/Bloomberg
📷: Michael Nagle/Bloomberg
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Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets. More here: https://bloom.bg/3RCWXOp
Bloomberg.com
Crypto’s Trump Rally Evaporates as Tariffs Savage Riskier Assets
Cryptocurrencies recovered from an earlier plunge in a whipsaw day of trading triggered by President Donald Trump’s onslaught of tariffs on US trading partners.
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What's next for global markets as Trump's tariff fallout spreads?
Bloomberg reporters answer your questions in a Live Q&A on April 7 at 11 a.m. HKT/ April 6 at 11 p.m. EDT. Join the discussion here: https://bloom.bg/4jfgXm4
Bloomberg reporters answer your questions in a Live Q&A on April 7 at 11 a.m. HKT/ April 6 at 11 p.m. EDT. Join the discussion here: https://bloom.bg/4jfgXm4
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The carnage unleashed by Trump’s tariffs continued unabated, with Asian markets pummeled and US futures showing last week’s $5 trillion wipeout isn’t over. More here: https://bloom.bg/3RETaA8
📷: Yik Yeung-man/Bloomberg
📷: Yik Yeung-man/Bloomberg
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Despite a barrage of comments, Trump offered little clarity about what he is seeking from trading partners in exchange for lowering tariffs — or whether he’s willing to offer relief at all. More here: https://bloom.bg/3RaUbQp
Bloomberg.com
Trump Keeps Investors on Edge With Clashing Tariff Comments
President Donald Trump threatened to slap China with an additional 50% import tax, while Washington and Wall Street remained engulfed in confusion about how to gain exemptions from his sweeping global tariffs.
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China vowed to “fight until the end” if the US insists on imposing new tariffs, after Donald Trump threatened another 50% hike on goods from the Asian nation. More here: https://bloom.bg/43FK3Xn
Bloomberg.com
China Vows ‘Fight to the End’ on Tariffs as It Props Up Markets
China pledged to retaliate against Donald Trump’s latest tariff threat and mobilized state organs to send a message of resilience, raising the risk of a prolonged trade war between the world’s two largest economies.
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Department of Homeland Security Secretary Kristi Noem offered employees three choices under a new “voluntary workforce transition program” intended to slash the department’s staff, according to an email seen by Bloomberg. Read more here: https://bloom.bg/4ic1xOB
📷: Ivan Valencia/Bloomberg
📷: Ivan Valencia/Bloomberg
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The Trump administration’s threat of massive new tariffs has sent Apple’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones. More here: https://bloom.bg/3XR8Fsq
Bloomberg.com
Apple Customers Dash to Stores to Buy iPhones Ahead of Tariffs
The Trump administration’s threat of massive new tariffs has sent Apple Inc.’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones.
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The $115 trillion global economy must contend with twin shocks from Trump's tariffs and China. Few will escape unscathed. Read here: https://bloom.bg/4jihEeh
📷: Andres Martinez Casares - Pool/Getty Images, Bonnie Cash/UPI/Bloomberg
📷: Andres Martinez Casares - Pool/Getty Images, Bonnie Cash/UPI/Bloomberg
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Trump is eager to to keep the enormously popular social media platform online in the US and avoid the political consequences of the ban taking effect. Here's what to know: https://bloom.bg/4cnO98D
Bloomberg.com
Trump Is Delaying the US TikTok Ban Again. What’s Next?
One of the first actions President Donald Trump took at the outset of his second presidency was granting a stay of execution for TikTok. Two and a half months later, he granted a second, and on June 18, he promised a third.
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EXCLUSIVE: China is discouraging Shein from moving some production overseas as Trump's tariff war escalates. https://bloom.bg/4i358yk
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EXCLUSIVE: China is discouraging Shein from moving some production overseas as Trump's tariff war escalates. https://bloom.bg/4i358yk
📷: Noriko Hayashi/Bloomberg
📷: Noriko Hayashi/Bloomberg
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Singapore will set up a taskforce to address economic uncertainties amid quickly escalating global trade tensions that are likely to undermine this year’s growth prospects, Prime Minister Lawrence Wong says. Read here: https://bloom.bg/3XRKvy1
Bloomberg.com
Singapore Sets Up Task Force as Trade Tensions Seen Hitting GDP
Singapore will set up a taskforce to address economic uncertainties amid quickly escalating global trade tensions that are likely to undermine this year’s growth prospects, Prime Minister Lawrence Wong said, one day before new US tariffs go into effect.
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