(Bloomberg) — A rough start for shares of Trump Media & Technology Group Corp. has wiped out $4.5 billion in market value in just a few weeks. But it will have to lose a lot more to risk the huge special bonus the former president and his corporate insiders get. Most read from Bloomberg As… Read More »
(Bloomberg) — The European Union is poised to launch an investigation into China’s purchases of medical equipment, risking new tensions with Beijing, months after it opened an investigation into the country’s electric vehicle subsidies. Most read from Bloomberg The EU investigation, which aims to address concerns that Beijing’s policies unfairly favor domestic suppliers, could be… Read More »
(Bloomberg) — Global markets showed signs of stability as traders awaited further developments in the Middle East following Iran’s unprecedented attack on Israel this weekend. Most read from Bloomberg The dollar was little changed against its Group of 10 peers, while government bonds headed lower after yields fell in the previous session. Oil prices fell… Read More »
(Bloomberg) – Premier Justin Trudeau came to power in 2015 with the help of younger Canadians, captivated by his positive message and socially progressive views. That same group of voters could ultimately be his downfall. Most read from Bloomberg Trudeau’s main rival, Conservative Leader Pierre Poilievre, has made huge gains among younger voters since he… Read More »
(Bloomberg) — Improved ties between Beijing and Canberra are improving the outlook for Australian shares that have been hit by trading restrictions, with winemakers and some agricultural sectors seen as the main beneficiaries. Most read from Bloomberg Treasury Wine Estates Ltd. rose 15% last quarter as expectations grew that China will lift punitive tariffs on… Read More »
(Bloomberg) — David Ellison, film producer, tennis fanatic and heir to a technology fortune, is about to add another title: media mogul. Most read from Bloomberg Ellison is in negotiations to take control of Paramount Global, the media giant that owns CBS, MTV and Nickelodeon. He and his supporters have agreed to pay just over… Read More »
(Bloomberg) — Britain’s local elections next month represent a moment of maximum danger Rishi Sunak. How the Conservative Party fares is being closely watched by the increasing number of Tory lawmakers considering what Plan B might look like. Most read from Bloomberg With a major national YouGov poll this week showing several of the Conservative… Read More »
(Bloomberg) — A labor dispute at Brazil’s environmental regulator is putting pressure on Latin America’s largest economy, with major oil and mining projects delayed and imported cars piling up at ports. Most read from Bloomberg Protests by government workers over staff shortages and low wages also threaten to undermine President Luiz Inacio Lula da Silva’s… Read More »
(Bloomberg) — Intel Corp. revealed new details about its manufacturing operations, saying losses in the chipmaker’s factory network have increased and the company may not reach a breakeven point for several years. Most read from Bloomberg Intel Foundry, a new division of the company responsible for manufacturing, had revenue of $18.9 billion in 2023, up… Read More »
(Bloomberg) — Provisions allowing Britain to sell products containing European Union components to Canada tariff-free are set to expire on Monday after the two countries failed to agree on extensions. Most read from Bloomberg While British government officials try to play down the impact on British industry, especially carmakers, one critic calls it “embarrassing” for… Read More »