Business

Flow of foreigners arriving in Hainan increases by third over six months

Hainan reportedly takes a leading position in terms of cross-border passenger traffic growth rates compared to other regions of China

SpaceX, Tesla to initially spend $16.8 billion on Terafab chip plant in Texas

SpaceX says Terafab to be built in Texas with initial investment of $16.8 billion

'AI Kill Switch' bill needs to be passed this year amid ongoing rogue agent hacks, Rep. Lieu says

Anthropic, Meta and OpenAI have all had incidents of AI models hacking other companies during cybersecurity testing.

EasyJet agrees to £5.7bn takeover by US firm

The no-frills carrier agrees to be bought by US firm Apollo after a rival suitor drops out.

Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws

EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.

The Deal: Alex Rodriguez On the MLB’s CBA Negotiations

The MLB trade deadline is in the rear-view mirror, so Jason Kelly and Alex Rodriguez look forward to the rest of the season and break down the league's recent contract negotiations with the players. Listen to their full discussion on this…

Situational Awareness Comes Roaring Back With Big Bet

Leopold Aschenbrenner has made a $400 million investment in a privately held company, according to people familiar with the matter. Bloomberg's Nishant Kumar has more on apparent comeback of the Situational Awareness hedge fund on…

Colombia Peso Defies Central Bank Bid to Halt Carry-Fueled Rally

The Colombian peso continues to be the best performing currency in emerging markets as investors shrug off the central bank’s efforts to slow the currency’s rally and instead focus on its carry appeal.

Bradesco Q2 Profit Hits US$1.4 Billion as Bad Loans Rise

Bradesco Q2 profit reached R$7.05 billion (US$1.38 billion), up 16.2% and a tenth straight quarterly rise, but the expanded cost of credit grew faster still and arrears crept up to 4.3%. The post Bradesco Q2 Profit Hits US$1.4 Billion as…

Daly Says Fed Needs to Guard Against Inflation 'Drift'

Federal Reserve Bank of San Francisco President Mary Daly says "alarm bell" isn't sounding off yet on longer-run inflation expectations during an event in Tokyo. (Source: Bloomberg)

Misplaced spending priorities behind Bayelsa’s woes — PDP chairman

Bayelsa’s economic hardship stems from misplaced spending priorities, not lack of revenue, says PDP chairman. He urges Gov. Diri to launch social intervent Read More…