Scale AI, the startup that Meta is in talks to invest billions of dollars in, has rapidly gained influence in both tech and policy circles. Here's what the company does and where it came from: https://bloom.bg/3ZiFsHB
📷: David Paul Morris/Bloomberg
📷: David Paul Morris/Bloomberg
Israel intercepted a humanitarian aid ship trying to reach Gaza that was carrying activists including Swedish climate advocate Greta Thunberg, the group operating the vessel says. Read more here: https://bloom.bg/4ku5vE7
📷: Fabrizio Villa/Getty Images Europe
📷: Fabrizio Villa/Getty Images Europe
Shares of Chinese defense companies rallied, after Pakistan said it intends to buy one of the Asian power’s most-advanced fighter jets as a part of major arms purchase. See the list of everything Pakistan said it would acquire from China: https://bloom.bg/4ky1aA1
📷: Qilai Shen/Bloomberg
📷: Qilai Shen/Bloomberg
Mark Zuckerberg, frustrated with Meta’s shortfalls in AI, is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who’ve met with him in recent weeks at his homes in Lake Tahoe and Palo Alto. Read more here: https://bloom.bg/4451obT
📷: David Paul Morris/Bloomberg
📷: David Paul Morris/Bloomberg
The US and China deescalated trade tensions, agreeing to a preliminary deal on how to implement the consensus the two sides reached in Geneva, negotiators for both sides said. Read more here: https://bloom.bg/4kU29do
📷: Chris J. Ratcliffe/Bloomberg
📷: Chris J. Ratcliffe/Bloomberg
BREAKING: Donald Trump's global tariffs can continue for now, a US federal appeals court says. Read more here: https://bloom.bg/4mNocEm
Bloomberg.com
Trump Tariffs Can Stay in Place Longer, US Appeals Court Says
Donald Trump can continue to enforce his global tariffs for now, a federal appeals court held in a win for the president on one of his signature economic policies.
Chinese banks have scaled back travel perks since last year, barring staff from flying business class and booking pricey hotels.
That’s giving domestic chains a boost: https://bloom.bg/3FYgGpw
That’s giving domestic chains a boost: https://bloom.bg/3FYgGpw
Bloomberg.com
China’s Bankers Ditch Global Hotel Chains as Travel Budgets Bite
These days, Shanghai-based banker Jason Zhang can no longer stay at the Westin hotel in downtown Beijing’s financial district after his company cut its travel budget. Instead, he had to settle for a cheaper domestic hotel chain.
Singapore-based Jetstar Asia will close next month, freeing up as much as $327 million to fund owner Qantas’s fleet renewal program. Read more here: https://bloom.bg/3HAMm52
📷: Brent Lewin/Bloomberg
📷: Brent Lewin/Bloomberg
For months, Trump pushed tariffs and trade restrictions on China to unprecedented levels to force Xi into talks. Now, Beijing has shown it can fire back, using its control over rare earth exports. Read here: https://bloom.bg/3FR8ese
📷: SeongJoon Cho/Bloomberg
📷: SeongJoon Cho/Bloomberg
The US ordered some staff to depart the embassy in Baghdad and allowed military service members’ families to leave the Middle East, officials said. Read here: https://bloom.bg/3FLviss
Bloomberg.com
US Orders Partial Evacuation of Iraq Embassy as Tensions Rise
The US ordered some staff to depart the embassy in Baghdad and authorized military service members’ families to leave the Middle East, officials said, after Iran threatened to attack US bases if talks over its nuclear program fall through.
Trump's tariffs threaten the world's biggest carmakers with Toyota, Honda, Subaru and others bracing for a profit hit of more than $19 billion. Read more here: https://bloom.bg/4e33soc
Bloomberg.com
Trump’s Auto Tariffs Strike at the Heart of Japan’s Economy
Toyota, Honda, Subaru and other Japanese carmakers brace for a profit hit of more than $19 billion as economists flag the risk of a recession and a setback for key wage cycle
🎙 Japan is experiencing an intense talent war as recruiters for Wall Street banks court new hires with increased salaries, fancy dinners and other perks.
Find out more on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
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.
Israel launched airstrikes on Iran, in a major escalation in the standoff over Tehran’s atomic program that risks sparking a new war in the Middle East. Read more here: https://bloom.bg/4kXwYOm
📷: BEHROUZ MEHRI/AFP
📷: BEHROUZ MEHRI/AFP
🚨 LIVE BLOG: Israel has launched airstrikes on Iran and is bracing for retaliatory action.
Follow the latest news and analysis: https://bloom.bg/4e0KnmH
Follow the latest news and analysis: https://bloom.bg/4e0KnmH
Bloomberg.com
Israel Launches Strikes at Iran, Braces for Retaliation
Israel-Iran Live News: Israel Launches Strikes on Iran, Braces for Retaliation
🚨 Here's the latest:
• Israel attacks Iran’s nuclear, ballistic missile programs
• Iran vows blow against Israel, US; Says no damage to refineries
• Israeli airstrikes killed commander of Revolutionary Guard
• US says not involved, warned Iran against targeting US assets
• Crude oil, gold surge as stocks drop on concern at attack
Follow our blog for the latest: https://bloom.bg/4n4uFuY
• Israel attacks Iran’s nuclear, ballistic missile programs
• Iran vows blow against Israel, US; Says no damage to refineries
• Israeli airstrikes killed commander of Revolutionary Guard
• US says not involved, warned Iran against targeting US assets
• Crude oil, gold surge as stocks drop on concern at attack
Follow our blog for the latest: https://bloom.bg/4n4uFuY
Iran fired hundreds of ballistic missiles at Israel in response to an unprecedented attack on its nuclear facilities on Thursday, which killed top Iranian generals and badly damaged key military infrastructure. Three people were killed in the Tel Aviv area and at least 40 were injured in multiple strikes, according to police and emergency services: https://bloom.bg/4lbdSod
📷: Tomer Neuberg/AP Photo
📷: Tomer Neuberg/AP Photo
President Donald Trump said he believed it’s possible Israel and Iran could reach an agreement to end their conflict, though the two sides may need to continue fighting before they’re ready to broker a peace deal. Read more here: https://bloom.bg/4kIahOo
Bloomberg.com
Trump Says Israel, Iran May Need to ‘Fight It Out’ Before Deal
President Donald Trump said he believed it’s possible Israel and Iran could reach an agreement to end their conflict, though the two sides may need to continue fighting before they’re ready to broker a peace deal.
Relatives of people feared dead or missing after last week’s Air India Boeing 787 jet crash have become frustrated by a lack of information about the cause of the disaster and slow-moving recovery operations. Read more here: https://bloom.bg/4enT0bf
📷: Siddharaj Solanki/Bloomberg
📷: Siddharaj Solanki/Bloomberg
The suspect in the shooting of two Minnesota lawmakers has been taken into custody after a manhunt, the Ramsey County Sheriff’s Office said: https://bloom.bg/43LuYmL
Breaking: Donald Trump is cutting short his visit to the G-7 leaders’ summit and returning to Washington. Read more here: https://bloom.bg/45Vg6DG
Bloomberg.com
Trump to Leave G-7 Summit and Return to Washington on Monday
President Donald Trump is cutting short his visit to the Group of Seven leaders’ summit, according to the White House, and returning to Washington.