Bloomberg Nachrichten

 

The island nation of Mauritius has become an increasingly popular refueling stop for commercial cargo vessels avoiding the Middle East due to the Iran war....

The Bank of England plans to discuss the impact of Anthropic PBC's new AI model with financial institutions, as UK regulators join their peers in the US and elsewhere in raising alarms over the risks posed by the tool....

Moving toward a data economy means money for technology firms, not consumers....

Two Chinese supertankers loaded with crude appeared to be transiting the Strait of Hormuz hours after a Greek vessel moved through the waterway, in what would mark a significant uptick in oil shipping traffic days after a fragile ceasefire between the US and Iran was announced....

Barry speaks with Mike Pyle, Senior Managing Director, is the Deputy Head of BlackRock's Portfolio Management Group (PMG). They discuss the durable economic shocks that could result from the war with Iran including energy security. They also discuss his time in the Biden administration as Deputy National Security Advisor for International Economics. (Source: Bloomberg)...

Surging fuel costs stemming from the Iran war are sparking a rapid run-up in inflation and sinking consumer confidence....

European gas and power markets, once a niche corner of global energy trading, are in for a major change next week: Hours will more than double to 21 from 10, ending the narrow daytime window that has been the norm for years....

Stocks have gone up over the years because corporate earnings continue to grow. That part is straightforward. But in addition to rising stock prices, we've also seen rising stock market valuations. For years, investors have talked about stocks being unreasonably priced, and yet they haven't reverted to historical norms. But perhaps there's a good explanation for this, beyond just animal spirits. Jonathan Heathcote is an economist at the Minneapolis Federal Reserve Bank, who recently co-authored...

How inequality has helped keep the stock market boom alive....

Reliance Industries Ltd. has sought Indian government approval to import Iranian crude on four vessels, according to a person familiar with the matter, as a key US sanctions waiver nears its April 19 expiry....

Mexico's central bank has tapped Aldo Heffner Rodriguez as its new chief economist, filling a role that has been vacant for half a year....

OpenAI says Elon Musk has suddenly changed direction on what he's seeking in his lawsuit against the startup in a “legal ambush” just weeks before trial....

Keir Starmer has resolved to hike Britain's defense spending faster than current plans propose, hoping that a focus on security at a time of escalating conflict can fend off the prospect of a leadership challenge next month....

The African Development Bank says water investments on the continent have increased over the past decade — from upstream preparation of projects to desalination efforts, service delivery and wastewater treatment plants. But Mtchera Chirwa, the AfDB's water and sanitation department director, says gaps within the sector won't just be resolved with more capital injection. (Source: Bloomberg)...

Japan approved ¥631.5 billion ($4 billion) in additional subsidies to quicken Rapidus Corp. into the intensely competitive AI chipmaking arena, ramping up financial support for a signature project widely regarded as a long shot....

IOI Properties Group Bhd. plans to establish a real estate investment trust holding its retail, hotel, and office assets, followed by a listing that could raise about 1.98 billion ringgit ($500 million) for the Malaysian developer....

Global funds are dumping Indian equities at a record clip as an energy shock from the US-Iran war threatens to derail the outlook of the world's fastest-growing major economy....

Apple Inc. has hired Uber Technologies Inc.'s head of public policy and government relations for Asia-Pacific as it looks to revamp its supply chains in the region....

Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator....

NASA's Artemis crew of four astronauts returned to Earth and splashed down in the Pacific Ocean, capping humanity's first return to the moon in more than 50 years. (Source: Bloomberg)...