WORLD
Damaged subsea cable in Red sea highlights telecom vulnerability
Seacom Ltd., the South African company that controls the cable, detected a fault on Saturday, Chief Digital Officer Prenesh Padayachee said in an interview with Bloomberg on Monday.
WORLD
LNG demand will surge 50% in next decade, Woodside Energy CEO says
The outlook is one of the most bullish in the industry, as energy companies and environmentalists debate the role of gas in the world’s transition to cleaner fuels.
BUSINESS
Mizuho courting India elite shows Japan banks’ global ambition
Mizuho’s celebration with its biggest clients also underscores inroads made by Japan megabanks in the world’s most populous country as global banks look for alternatives to China.
WORLD
US says it destroys two Houthi missiles, four drones in Yemen
The strikes on Monday marked the latest effort to avert further assaults on commercial shipping in the vital waterway by the Houthis, an Iran-backed militant group that controls much of the northwest of Yemen.
WORLD
Apple and Tesla veterans aim to help Japan design AI chips
The Japanese government is funding a range of projects from research to advanced chip manufacturing, making an ambitious $67 billion bid to reclaim a central role in the semiconductor industry.
INDIA
India closes in on Oman trade deal as Mideast ties strengthen
The two sides have reached consensus on a majority of the issues in the comprehensive economic partnership agreement and the talks are likely to conclude soon, the people said, asking not to be identified because the discussions are private. A deal could be finalized as early as March, one of the people said.
WORLD
Janet Yellen says global economy remains resilient, lauds US as growth driver
In excerpts of her remarks released by Treasury, Yellen said the International Monetary Fund and other forecasters had projected a broad-based slowdown in the global economy in 2023 that did not happen.
WORLD
Bitcoin breaks from recent range to set more than two-year high
The original digital currency increased as much as 5.2% to $54,438 after trading in a narrow range for more than a week. It last traded at this level in December 2021, and reached an all-time high of almost $69,000 the prior month.
WORLD
Shein considers London IPO amid US resistance to listing
Shein is still working on its application to list in the US as its preferred location, the people said.
WORLD
Berkshire march toward $1 trillion value stalls on results
The Omaha, Nebraska-based firm posted higher operating earnings, which briefly boosted a stock that’s been been crawling toward the trillion-dollar club since it notched an all-time high last year.
BUSINESS
Wireless-Charging Road Trial Sets Out to Transform Trucking
Similar trials already have delivered promising results in other countries. Following a successful 2019 trial of a wirelessly charging road, Sweden is hoping to build the world’s first permanent electric motorway by 2025.
BUSINESS
WTO Chief Sees Trade Missing Forecasts on Growth Headwinds
The WTO has been undermined in recent years by the geopolitical rivalry between the US and China, the world’s two biggest economic powers that have clashed on issues including semiconductor technology and fought a trade war that featured multiple challenges to each other’s policies at the Geneva-based institution.
BUSINESS
Jacob Rothschild, Banker Who Broke From Dynasty, Dies at 87
Rothschild was also one of the UK’s most prominent philanthropists. He chaired the boards of the National Gallery and the National Heritage Lottery Fund.
TRADE
Indonesia to boost rice import quota on outlook for lower crop
The government intends to raise the quota by 1.6 million tons, which is on top of two million tons of permits already issued to the state-owned food logistics company Bulog.
BUSINESS
Goldman strikes $1-billion private credit deal with Mubadala
The pact follows a similar mandate the New York-based firm received from the Ontario Municipal Employees Retirement System in September.
INDIA
India chip strategy makes progress with $21billion in proposals
Israel’s Tower Semiconductor Ltd. is proposing a $9 billion plant, while India’s Tata Group has put forward an $8 billion chip fabrication unit, people familiar matter said.
WORLD
Cathie Wood sells into Nvidia frenzy again, cuts TSMC stake
Ark Autonomous Technology and Robotics ETF sold 8,599 American depositary receipts of Taiwan’s largest company Friday in its first sale of the stock since the end of 2021, Ark Investment Management LLC data compiled by Bloomberg show.
BUSINESS
India lifts forecast on peak electricity demand as usage soars
Government officials now expect electricity demand to surge to a high of 384 gigawatts in the 12 months through March 2032, a 5% increase on an estimate issued in May, according to people familiar with the details.
WORLD
Xiaomi 14 gains attention in Southeast Asia with camera upgrades
The global launch of the Xiaomi 14 and 14 Ultra devices at Mobile World Congress in Barcelona pushed Xiaomi’s name into the top 10 of online trending lists in Malaysia and the Philippines.
WORLD
AI chip startup DeepX nears $90 million in fresh funding
The South Korean firm has secured 60 billion won from Skylake Equity Partners as well as 30 billion won from existing backer Timefolio Asset Management, said the people, who asked not to be named as the matter is private. DeepX is also in final discussions with another investor to secure 30 billion by next month, they said.
WORLD
Mark Zuckerberg’s Asia tour to range from AI to Ambani wedding party
Meta Platforms Inc.’s chief executive officer, who’s been in Japan the past week to accompany his family on a ski trip, will meet with his company’s developers in Tokyo on Monday and Tuesday, according to a spokesperson.
BUSINESS
Disney, Reliance said to have signed binding India merger pact: Bloomberg Report
Disney has been grappling with challenges in India such as retaining subscribers and securing coveted media assets, while Reliance has cornered a larger slice of the local media and entertainment businesses in recent years.
BUSINESS
Nvidia set to top $2-trillion valuation in first for chipmakers
The chipmaker’s shares rose as much as 2.7% in premarket trading on Friday after closing at a $1.96 trillion valuation in the previous session.
BUSINESS
Pimco inflows are ‘stunning’ this year, Allianz chief says
The bond giant had an “absolutely stunning” development this year, Oliver Baete, chief executive officer of Pimco parent Allianz SE, said in an interview Friday
