Here's what you need to know as TikTok's CEO Shou Chew gets ready to testify on Capitol Hill. https://trib.al/WJ35HyH
Bill Gates says the language generation artificial intelligence from OpenAI is the most revolutionary technological advancement he's seen since the modern computer era. https://trib.al/KSmn9uF
Here are the key takeaways from the Federal Reserve’s interest-rate decision and Chairman Jerome Powell’s news conference. https://trib.al/y2ZygdA
Bill Gates says the language generation artificial intelligence from OpenAI is the most revolutionary technological advancement he's seen since the modern computer era. https://trib.al/KSmn9uF
Here are the key takeaways from the Federal Reserve’s interest-rate decision and Chairman Jerome Powell’s news conference. https://trib.al/y2ZygdA
New target: Short seller Hindenburg Research, which gained prominence after its scathing report on the Adani Group triggered a $150 billion wipeout, said it is releasing a new report soon. https://trib.al/PLbntNQ
Green ambitions: India's green dream is at risk as the Adani crisis and higher cost of capital put a dent on clean-energy investments in the third-largest emitter. https://trib.al/Q55i6JK
Manhunt continues: Police in India's state of Punjab have been in pursuit of a fugitive Sikh separatist leader for several days — even cutting off mobile internet for more than 27 million people. https://trib.al/ovBCCvG
Green ambitions: India's green dream is at risk as the Adani crisis and higher cost of capital put a dent on clean-energy investments in the third-largest emitter. https://trib.al/Q55i6JK
Manhunt continues: Police in India's state of Punjab have been in pursuit of a fugitive Sikh separatist leader for several days — even cutting off mobile internet for more than 27 million people. https://trib.al/ovBCCvG
TikTok CEO Shou Chew faced questions from hostile US lawmakers. Here were the memorable moments. https://trib.al/VWNu9jV
Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was arrested in Montenegro and charged with fraud by US prosecutors. https://trib.al/b5EbX86
India’s government-backed open commerce network begins offering ride hailing at zero commission, a move that could shake up dominant ride-sharing companies, Uber and its homegrown rival, Ola. https://trib.al/KND4BSj
Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was arrested in Montenegro and charged with fraud by US prosecutors. https://trib.al/b5EbX86
India’s government-backed open commerce network begins offering ride hailing at zero commission, a move that could shake up dominant ride-sharing companies, Uber and its homegrown rival, Ola. https://trib.al/KND4BSj
New oil center: A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth. https://trib.al/cKddVwv
Mounting debt: Indian billionaire Anil Agarwal is studying options including selling a minority stake in Vedanta as he looks to shrink his empire’s massive debt load. https://trib.al/GHKsDnf
Retaining talent: UBS wealth boss Iqbal Khan told Credit Suisse staff in Asia that retention packages could come as soon as next week. https://trib.al/49tqwiY
Mounting debt: Indian billionaire Anil Agarwal is studying options including selling a minority stake in Vedanta as he looks to shrink his empire’s massive debt load. https://trib.al/GHKsDnf
Retaining talent: UBS wealth boss Iqbal Khan told Credit Suisse staff in Asia that retention packages could come as soon as next week. https://trib.al/49tqwiY
Space race: India launched the final batch of satellites for OneWeb, setting the UK-based company up to rival Starlink and offer global broadband coverage this year. http://bloom.bg/3K9ZKvH
Gaining time: Bangladesh's quick execution of IMF loans has stood out in South Asia, and Prime Minister Sheikh Hasina, who is seeking a fourth term, has made no apologies for the move. http://bloom.bg/40exfm6
Murky outlook: Global financial markets are poised for another week of volatility with all eyes on currency markets for an early read on risk appetite. http://bloom.bg/3FViDA5
Gaining time: Bangladesh's quick execution of IMF loans has stood out in South Asia, and Prime Minister Sheikh Hasina, who is seeking a fourth term, has made no apologies for the move. http://bloom.bg/40exfm6
Murky outlook: Global financial markets are poised for another week of volatility with all eyes on currency markets for an early read on risk appetite. http://bloom.bg/3FViDA5
Malicious code: Days after Google suspended Chinese shopping app Pinduoduo from its Android app store, security researchers have identified potential malware in other versions. https://trib.al/msFDGWQ
Deep mistrust: Beijing wants to show it's backing private businesses, but Jack Ma's decision to spend months overseas suggests otherwise. https://trib.al/74tpJcn
Fatal heat: India could become one of the first places in the world where heat events exceed the limit of survivability, climate experts warn. https://trib.al/0vVsjNU
Deep mistrust: Beijing wants to show it's backing private businesses, but Jack Ma's decision to spend months overseas suggests otherwise. https://trib.al/74tpJcn
Fatal heat: India could become one of the first places in the world where heat events exceed the limit of survivability, climate experts warn. https://trib.al/0vVsjNU
Insurers get big: The growing wealth of India’s public is leading to a crucial shift in its $1 trillion sovereign bond market with the country poised to become the sixth-largest insurance market by 2032. https://trib.al/rVUyUAy
Fair chance: India's top court has ruled that banks must hear a borrower's defense before declaring an account fraudulent. https://trib.al/nOEzc6S
Wealth boom: The return to normal life after Covid has thrown up some big winners, like the world’s most popular energy drink, Red Bull — and the family that brought it into being. https://trib.al/vjJV1aJ
Fair chance: India's top court has ruled that banks must hear a borrower's defense before declaring an account fraudulent. https://trib.al/nOEzc6S
Wealth boom: The return to normal life after Covid has thrown up some big winners, like the world’s most popular energy drink, Red Bull — and the family that brought it into being. https://trib.al/vjJV1aJ
India’s fractured opposition parties are coming together to demand that Rahul Gandhi be reinstated as a lawmaker after he was convicted of defaming Prime Minister Narendra Modi.
Lawmaker Manish Tewari, who is also a member of Gandhi’s Congress party, said there’s an “unprecedented closure of ranks” among the opposition on the politician’s ouster and they see it as an attempt to silence criticism of Modi. Listen to his views here: https://trib.al/N3vuAOb
Lawmaker Manish Tewari, who is also a member of Gandhi’s Congress party, said there’s an “unprecedented closure of ranks” among the opposition on the politician’s ouster and they see it as an attempt to silence criticism of Modi. Listen to his views here: https://trib.al/N3vuAOb
South Korea needs to adopt an “emergency mindset” to reverse its fertility rate that ranks as the lowest in the world, its president says. https://trib.al/FNRUmV2
The head of the US NSA's cybersecurity arm said TikTok is China’s “Trojan horse” and poses a long-term, strategic cybersecurity concern. https://trib.al/k7WUHLM
Alibaba plans to split its $220 billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or initial public offerings when the time is right. https://trib.al/SfwW3eR
The head of the US NSA's cybersecurity arm said TikTok is China’s “Trojan horse” and poses a long-term, strategic cybersecurity concern. https://trib.al/k7WUHLM
Alibaba plans to split its $220 billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or initial public offerings when the time is right. https://trib.al/SfwW3eR
Banking fallout ripples: India has asked state-owned banks to focus on their stress testing methods after they were found to have fallen behind in developing models that are meant to ward off risks of failure. https://trib.al/PSqRKBB
Solar push: Reliance and First Solar are among the winners of India’s $2.4 billion incentives plan to encourage manufacturing of solar modules, as the country aims to more than quadruple its solar generation capacity by 2030. https://trib.al/k9DdCOP
Grand comeback: The yen is making a comeback as a preferred foreign-exchange haven, after banking crises in the US and Switzerland hurt the dollar and franc’s standing as go-to assets for turbulent times. https://trib.al/AC3Ml3M
Solar push: Reliance and First Solar are among the winners of India’s $2.4 billion incentives plan to encourage manufacturing of solar modules, as the country aims to more than quadruple its solar generation capacity by 2030. https://trib.al/k9DdCOP
Grand comeback: The yen is making a comeback as a preferred foreign-exchange haven, after banking crises in the US and Switzerland hurt the dollar and franc’s standing as go-to assets for turbulent times. https://trib.al/AC3Ml3M
Difficult path: Joe Biden wants to bring the world’s most sophisticated chipmakers to the US. Taiwan says he should offer them a better tax deal — one that could infuriate China. https://trib.al/jq08gSA
Elite education: The cost of an Ivy League education, pushing almost $90,000 a year, with some economists warning about sticker shock. https://trib.al/5F6OIUp
Fugitive extradition: The US and South Korea are both seeking the extradition of crypto fugitive Do Kwon. Who actually gets him first will likely depend on legal and political considerations. https://trib.al/iKDdi6j
Elite education: The cost of an Ivy League education, pushing almost $90,000 a year, with some economists warning about sticker shock. https://trib.al/5F6OIUp
Fugitive extradition: The US and South Korea are both seeking the extradition of crypto fugitive Do Kwon. Who actually gets him first will likely depend on legal and political considerations. https://trib.al/iKDdi6j
Soaring Production: India plans to substantially reduce its thermal coal imports in three years as local production gathers momentum. http://bloom.bg/3KteC8N
Dialing back: Two months on, Hindenburg's short seller attack has left tycoon Gautam Adani reevaluating his ambitions. http://bloom.bg/3lNCb2z
Break up: India’s “Big 5” conglomerates are contributing to elevated inflation and should be dismantled to increase competition and reduce pricing power, a former central banker recommends. http://bloom.bg/3LYmGzm
Dialing back: Two months on, Hindenburg's short seller attack has left tycoon Gautam Adani reevaluating his ambitions. http://bloom.bg/3lNCb2z
Break up: India’s “Big 5” conglomerates are contributing to elevated inflation and should be dismantled to increase competition and reduce pricing power, a former central banker recommends. http://bloom.bg/3LYmGzm
Donald Trump was indicted in New York for directing hush money payments to a porn star during his 2016 campaign, a historic event in American law and politics that is certain to divide an already polarized society and electorate.
Trump, the first former US president to be indicted, has been under investigation for his role in concealing the payoff to Stormy Daniels. bloom.bg/40vLgMv
Trump, the first former US president to be indicted, has been under investigation for his role in concealing the payoff to Stormy Daniels. bloom.bg/40vLgMv
Gearing up: Cainiao Network Technology, the logistics arm of Alibaba, starts preparations with banks for its Hong Kong IPO, paving way to be the first of the Chinese tech firm’s six business units to go public. https://trib.al/AW5IqYn
Baltic on the bloc: Turkey’s parliament voted to approve Finland’s membership in NATO, removing the final obstacle to the accession of Russia’s Nordic neighbor into the defense alliance as its 31st member. https://trib.al/qViB6Av
AI whisperers: Everybody is talking about AI and ChatGPT. Perhaps that's why jobs related to the technology are paying up to $335,000 a year. https://trib.al/1xwAAhp
Baltic on the bloc: Turkey’s parliament voted to approve Finland’s membership in NATO, removing the final obstacle to the accession of Russia’s Nordic neighbor into the defense alliance as its 31st member. https://trib.al/qViB6Av
AI whisperers: Everybody is talking about AI and ChatGPT. Perhaps that's why jobs related to the technology are paying up to $335,000 a year. https://trib.al/1xwAAhp
India's losing streak: With a key Indian stock benchmark about to notch its longest stretch of monthly losses in more than two decades, some analysts see the $3 trillion market positioning to bounce back. https://bloom.bg/435A4Ia
Sweet tooth: Prices of refined sugar surged to the highest in more than a decade this week, keeping up pressure on global food inflation, as decline in Indian exports tighten global supplies. https://bloom.bg/3M6jAJM
New chip curbs: Japan said it will expand restrictions on exports of 23 types of leading-edge chipmaking technology, as the US ratchets up efforts to limit China’s access to key semiconductor knowhow. https://bloom.bg/3no71ir
Sweet tooth: Prices of refined sugar surged to the highest in more than a decade this week, keeping up pressure on global food inflation, as decline in Indian exports tighten global supplies. https://bloom.bg/3M6jAJM
New chip curbs: Japan said it will expand restrictions on exports of 23 types of leading-edge chipmaking technology, as the US ratchets up efforts to limit China’s access to key semiconductor knowhow. https://bloom.bg/3no71ir
Property tussle: A land dispute over a $120 million Mumbai mansion — that once housed the US consulate — has left Billionaire Cyrus Poonawalla too frustrated to stay silent with the tycoon blasting "socialist" India. https://bloom.bg/3ZCRAk2
Contrarian bet: One of India’s biggest debt fund managers, ICICI Prudential, is taking a contrarian bet on short-duration bonds, arguing that the RBI won’t roll back its rate hikes anytime soon. https://bloom.bg/3lZ6XWf
New inflation risk: Here's what analysts are saying about the shock OPEC+ production cut, from $100 oil to tighter markets. https://bloom.bg/3KrWKe5
Contrarian bet: One of India’s biggest debt fund managers, ICICI Prudential, is taking a contrarian bet on short-duration bonds, arguing that the RBI won’t roll back its rate hikes anytime soon. https://bloom.bg/3lZ6XWf
New inflation risk: Here's what analysts are saying about the shock OPEC+ production cut, from $100 oil to tighter markets. https://bloom.bg/3KrWKe5
Moscow's most traded: China’s yuan has replaced the US dollar as the most traded currency in Russia, a year after the invasion of Ukraine led to a slew of Western sanctions against Moscow. https://trib.al/KAkqvKn
Double-digits: ByteDance’s revenue surged more than 30% to surpass $80 billion in 2022, matching the tally at archrival Tencent, a source says, citing a recent memo. https://trib.al/c2JKe1Q
Potential ruptures: Oil prices are straining ties between the US and Saudi Arabia at a time when the moorings of their alliance have weakened. Here's everything you need to know. https://trib.al/BN1gzvl
Double-digits: ByteDance’s revenue surged more than 30% to surpass $80 billion in 2022, matching the tally at archrival Tencent, a source says, citing a recent memo. https://trib.al/c2JKe1Q
Potential ruptures: Oil prices are straining ties between the US and Saudi Arabia at a time when the moorings of their alliance have weakened. Here's everything you need to know. https://trib.al/BN1gzvl
Oil shock: OPEC+'s supply cut sets the stage for other fuel producers to compete for deals with China, India and other Asian markets. About 70% of the cartel's oil was sold to the region last year. https://bloom.bg/3U8HmXf
Money move: A joint venture company under billionaire Gautam Adani's conglomerate is in talks for a $220 million loan, the group's first offshore borrowing since it was targeted by Hindenburg Research. https://bloom.bg/3m7VpA4
House hunt: The cost of renting homes in Bangalore, often referred to as India's Silicon Valley, has nearly doubled since last year, making it the nation's hottest residential market. https://bloom.bg/436IChZ
Money move: A joint venture company under billionaire Gautam Adani's conglomerate is in talks for a $220 million loan, the group's first offshore borrowing since it was targeted by Hindenburg Research. https://bloom.bg/3m7VpA4
House hunt: The cost of renting homes in Bangalore, often referred to as India's Silicon Valley, has nearly doubled since last year, making it the nation's hottest residential market. https://bloom.bg/436IChZ
Betting big: The Saudi Arabian government is betting $38 billion on the country’s potential to become the next hub for the video-game industry. https://trib.al/02mfUFI
AI chatbot dangers: Google’s Bard readily churns out content that supports well-known conspiracy theories, despite the company’s efforts on user safety. https://trib.al/IUQS7ut
Trump's arraignment: The former US president appeared in Manhattan criminal court where he pleaded not guilty to 34 felony counts related to an alleged hush-money scheme. Here are five takeaways. https://trib.al/YzUj4qd
AI chatbot dangers: Google’s Bard readily churns out content that supports well-known conspiracy theories, despite the company’s efforts on user safety. https://trib.al/IUQS7ut
Trump's arraignment: The former US president appeared in Manhattan criminal court where he pleaded not guilty to 34 felony counts related to an alleged hush-money scheme. Here are five takeaways. https://trib.al/YzUj4qd
Taking on China: India is muscling in on the increasingly lucrative business of space, taking advantage of the geopolitical isolation of China and Russia to pitch itself as a SpaceX alternative. https://bloom.bg/3ztSZih
Adani multibagger: GQG Partners Chief Investment Officer Rajiv Jain sees his $2 billion bet on Adani Group last month delivering a return in excess of 100%. https://bloom.bg/434IAXN
Dangerous drugs: India is the largest provider of generic medicines, producing 20% of the world’s supply but remains scandalously short on regulatory oversight. Bloomberg Opinion discusses the red flags in India's pharmaceutical ambitions. https://bloom.bg/3GjIKRc
Adani multibagger: GQG Partners Chief Investment Officer Rajiv Jain sees his $2 billion bet on Adani Group last month delivering a return in excess of 100%. https://bloom.bg/434IAXN
Dangerous drugs: India is the largest provider of generic medicines, producing 20% of the world’s supply but remains scandalously short on regulatory oversight. Bloomberg Opinion discusses the red flags in India's pharmaceutical ambitions. https://bloom.bg/3GjIKRc