YouTube's CEO was promised the platform would be exempt from Australia's youth social media ban, according to documents obtained under freedom-of-information laws. Read more here: https://bloom.bg/3EiUANT
π·: Lam Yik/Bloomberg
π·: Lam Yik/Bloomberg
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π For decades, the Kwek family in Singapore looked like a model of a successful family-run business β until an explosive lawsuit shattered that image.
Find out whatβs behind the feud that rocked the city-stateβs richest clan on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
Find out whatβs behind the feud that rocked the city-stateβs richest clan on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
Weβre taking The Big Take to Asia. Each week, Bloombergβs 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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Hong Kong has been struggling with a property downturn for years. Now, a clutch of new mansions is about to test whether one of the worldβs most expensive neighborhoods can still command peak prices. https://bloom.bg/3G9fuzq
π·: Lam Yik/Bloomberg
π·: Lam Yik/Bloomberg
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BREAKING: Pope Francis, who encouraged Catholics to embrace a more compassionate view on many issues but found it difficult to close the book on past abuses by clergy, has died at 88. https://bloom.bg/4jhHwY6
π·: Tiziana Fabi/Getty Images
π·: Tiziana Fabi/Getty Images
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Gold rose to a record as concern that President Donald Trump could fire Federal Reserve Chair Jerome Powell triggered a flight from US stocks, bonds and the dollar. Read more: https://bloom.bg/4iqMzEo
Bloomberg.com
Gold Hits $3,500 as Trumpβs Fed Broadside Sparks Flight to Haven
Gold retreated after topping $3,500 an ounce for the first time as traders booked profit following a nearly 10% rally this month.
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Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of Vedanta, his metals-to-energy conglomerate. The move is aimed at trimming the groupβs $11 billion debt pile. Read more from our exclusive interview: https://bloom.bg/42AYQQU
π·: Aaron M. Sprecher/Bloomberg
π·: Aaron M. Sprecher/Bloomberg
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Intel is set to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter. Read more: https://bloom.bg/3Yd31ky
π·: David Paul Morris/Bloomberg
π·: David Paul Morris/Bloomberg
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ποΈ China's Pop Mart is one of the hottest stocks this year, thanks to its viral Labubu dolls and other blind box toys.
Listen to the Big Take Asia Podcast to find out how itβs thriving despite an escalating trade war with the US: https://link.podtrac.com/jxfy2rhy
Listen to the Big Take Asia Podcast to find out how itβs thriving despite an escalating trade war with the US: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
Weβre taking The Big Take to Asia. Each week, Bloombergβs 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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A trade war between the US and China, the worldβs two largest economies, has caught this Southeast Asian nation in the crossfire. https://bloom.bg/4jI1meZ
π·: Thong Vu/Bloomberg
π·: Thong Vu/Bloomberg
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India looks open to lowering its up to 110% tariffs on automobiles for the first time in decades as the world rewires its supply chains and trade alliances amid Trumpβs latest brinkmanship. https://bloom.bg/42UYypb
π·: PTI/AP Photo
π·: PTI/AP Photo
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Criminals are manipulating Japan's market to drive up penny stocks around the world, with losses reaching $710 million since it started in February, and shows no signs of cresting. https://bloom.bg/4lJQjDP
π·: Kiyoshi Ota/Bloomberg
π·: Kiyoshi Ota/Bloomberg
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π¨ LIVE NOW: India is pulling ahead of other Asian countries in Trump's trade war, both politically and economically. Is the nation having its moment and getting prioritized by the US? Bloombergβs Dan Strumpf, Sudhi Ranjan Sen, Shruti Srivastava, Ruchi Bhatia answer your questions in a Live Q&A. https://bloom.bg/42t6Oge
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Singapore faces a delicate balancing act as it tries to narrow its wealth gap by raising taxes on the uber-rich, without driving them away. Some local tycoons are unnerved by the moves. https://bloom.bg/4cQU06X
π·: Catherine He/Getty Images
π·: Catherine He/Getty Images
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EXCLUSIVE: China is considering suspending its 125% tariff on US imports for some goods as the trade war drives up costs. https://bloom.bg/4cM5rNb
Bloomberg.com
China May Exempt Some US Goods From Tariffs as Costs Rise
Chinaβs government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.
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Australia's economy is at the forefront of many voters' concerns as they prepare to head to the polls.
A housing crisis, high interest rates and cost of living pressures have all contributed to a perfect storm.
Read more in the Australia Briefing: https://bloom.bg/4juzPhj
A housing crisis, high interest rates and cost of living pressures have all contributed to a perfect storm.
Read more in the Australia Briefing: https://bloom.bg/4juzPhj
Bloomberg.com
Can Australia's Next Government Fix Its Stumbling Economy?
Happy hump day! Keira here in Sydney. Hereβs everything you need to know to start your morning...Todayβs must-reads:β’ Economy live Q&Aβ’ Woodside US investmentβ’ Housing affordability
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π LIVE NOW: Can Australia's next government fix its economy?
Ahead of the country's federal election on Saturday, Bloomberg reporters are taking your questions on the main parties' plans in a Live Q&A - listen here: https://bloom.bg/3Yownwq
Ahead of the country's federal election on Saturday, Bloomberg reporters are taking your questions on the main parties' plans in a Live Q&A - listen here: https://bloom.bg/3Yownwq
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Singaporeβs ruling party has won elections for six decades.
For Prime Minister Lawrence Wong, what may matter more is the margin of victory as he fronts his first poll as leader: https://bloom.bg/43gMePp
π·: Lauryn Ishak/Bloomberg
For Prime Minister Lawrence Wong, what may matter more is the margin of victory as he fronts his first poll as leader: https://bloom.bg/43gMePp
π·: Lauryn Ishak/Bloomberg
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China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides. Read more here: https://bloom.bg/43a1238
Bloomberg.com
China Hints at Possible Thaw With US in Evaluating Trade Talks
China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides.
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Vice President JD Vance said the US was working to ensure tensions between India and Pakistan donβt escalate into a broader regional conflict in the wake of an attack last week that killed dozens of people in Indian-controlled Kashmir. Read more here: https://bloom.bg/4jBPlIv
Bloomberg.com
US Seeks to Stop India-Pakistan Tensions Sparking Wider Conflict
Vice President JD Vance said the US was working to ensure tensions between India and Pakistan donβt escalate into a broader regional conflict in the wake of an attack last week that killed dozens of people in Indian-controlled Kashmir.
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The Central Intelligence Agency released two videos aimed at recruiting Chinese officials who might be disillusioned by their prospects in government in a bid to get them to share top secrets about China with the US. Read more here: https://bloom.bg/4k54UIB
π·: Andrew HarrerBloomberg
π·: Andrew HarrerBloomberg
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With its shipping lanes, deep-sea ports and undersea cables, the South Pacific has long been a focal point of strategic competition as the US and its allies try to prevent China from gaining a foothold.
But as President Donald Trump alienates local leaders with massive tariffs and foreign aid cuts, Australia has been left to hold the line against Beijing's growing influence: https://bloom.bg/4cUYNE6
π·: Tara Anand for Bloomberg
But as President Donald Trump alienates local leaders with massive tariffs and foreign aid cuts, Australia has been left to hold the line against Beijing's growing influence: https://bloom.bg/4cUYNE6
π·: Tara Anand for Bloomberg
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