WORLD
The money food badly needs for climate fight is rolling in
They’re part of the arsenal the world needs for food’s contribution to the climate fight, and they’re getting a big cash boost.
WORLD
Here’s how the EU will regulate advanced AI models like ChatGPT
All developers of general purpose AI systems – powerful models that have a wide range of possible uses – must meet basic transparency requirements, unless they’re provided free and open-source, according to an EU document seen by Bloomberg.
WORLD
Saudi Arabia eyes majority control of London’s Heathrow Airport
At least one shareholder is close to selling its stake
WORLD
ECB’s Stournaras urges focus on climate change’s economic impact
The European Union last week gave more powers to the continent’s banking watchdog, expanding its remit to include risks linked to climate change and the rise of digital assets.
TECHNOLOGY
India’s plan for 50,000 E-buses on its roads gets US support
The $390 million fund will act as a guarantee for manufacturers seeking loans to expand production, Indian and US officials said at a side event at COP28. India currently only has 12,000 e-buses in operation.
WORLD
Australia will announce Its strategy for slowing immigration
“The new strategy we’ll announce will bring immigration back to sustainable levels,” he told reporters Saturday in Sydney. “We need to have a migration system that enables Australia to get the skills that we need, but make sure the system is working in the interests of all Australians.”
BUSINESS
Microsoft's OpenAI investment risks scrutiny from US, UK regulators
Microsoft didn’t report the transaction to the agency because the investment in OpenAI doesn’t amount to control of the company under US law, a source said
WORLD
Jack Dorsey’s block furthers bitcoin foray with new hardware wallet
Called Bitkey, the wallet allows users to self-custody the cryptocurrency on a hexagon-shaped hardware device. While similar products have been available for a while, the majority of crypto assets are still held on trading platforms.
BUSINESS
Foreigners turn bullish on India stock futures after PM Modi’s wins
Overseas funds held 31,549 more long index futures contracts than short contracts as of Thursday, turning to a net bullish position a day earlier for the first time since September, according to exchange data compiled by Bloomberg.
WORLD
Cathay Pacific buys six A350 freighter aircraft from Airbus
The Hong Kong carrier will buy six A350 freighters and secured the rights to a further 20 of the cargo jets, it said in a statement Friday. Deliveries will start from 2027 and should be completed by the end of 2029.
BUSINESS
Adani Green lays out initial plan for repaying $750 million bond
Adani Green Energy Ltd., part of billionaire Gautam Adani’s empire, will redeem the notes in full by the due date, it said in a filing to the Singapore stock exchange. It said the bond’s underwriters will provide a funding letter for $675 million. The filing also lists $75.47 million in restricted reserves.
BUSINESS
Tata plans new iPhone factory to hasten Apple’s India expansion
Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter.
WORLD
ECB’s Lagarde squeezed as markets boost 2024 rate-cut bets
With rapidly weakening inflation, a feeble economy, and one hawkish policymaker changing tack, traders are heaping bets on a reduction as soon as March.
INDIA
India taps Nigeria, Argentina, Philippines to sell fighter jets
Discussions with Nigeria, Philippines and Argentina to export the Tejas fighter jets are progressing, C. B. Ananthakrishnan, chairman of Hindustan Aeronautics, told reporters in New Delhi.
WORLD
Meta tests new AI features across apps in bid to boost appeal
The company is currently testing more than 20 different generative AI features from search to ads, business messaging and more, across Facebook, Instagram, Messenger and WhatsApp. Eventually it will apply those tools globally.
WORLD
China’s exports expand from Covid-hit period a year ago
Overseas shipments in dollar terms rose 0.5% from a year ago, the General Administration of Customs said Thursday. That’s slightly better than the median economists’ forecast of no change, and marked the first year-on-year expansion since April.
BUSINESS
Adani group’s $79 billion rally makes a winner of GQG’s Rajiv Jain
The sharp rebound in listed stocks of Indian billionaire Gautam Adani has proved to be a windfall for the emerging-market investor, just nine months after his firm GQG Partners Inc. bought into the Indian conglomerate.
INDIA
India green hydrogen aid gets cautious response from investors
Acme Solar Holdings and Avaada Group also competed to help build a total capacity of 450,000 tons a year of the clean fuel, the people said, asking not to be named before an official announcement.
BUSINESS
India state-run firms seen extending dream rally on PM Modi bets
Modi’s government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India’s $4 trillion stock market.
BUSINESS
Next Adani milestone is plan for $1.25 billion of Green arm debt
The group, whose interests stretch from ports to solar energy and coal, is expected to come up with the first blueprints for redeeming or rolling over its overseas bonds since the scathing fraud claims by shortseller Hindenburg Research.
WORLD
ByteDance offers investors a buyback at $268 billion valuation
The new offer, earlier reported by the South China Morning Post, is pitched at $160 per share, the same level as ByteDance offered to employees in November, the people said, asking not to be named discussing a private matter.
WORLD
Joe Biden says he might not have sought reelection if Donald Trump weren’t running
Joe Biden, 81, has faced persistent voter doubts about his decision to seek four more years in office due to his age. The president has sought to parry those concerns in part by saying he is motivated to defeat Trump again and prevent him from holding power.
WORLD
Janet Yellen says US responsible for Ukraine defeat if funding stops
“This is a dire situation and we can hold ourselves responsible for Ukraine’s defeat if we don’t manage to get this funding to Ukraine,” Yellen told reporters as she traveled to Mexico City Tuesday.
BUSINESS
China stock slump deepens as traders fret over economy’s health
The MSCI China Index slid as much as 2.3%, on track for a third straight day of declines.
