INDIA
Andhra Pradesh considering Australia-like social media ban for kids
Nara Lokesh said he strongly felt that youngsters under a certain age should not be on social media “because they don’t understand what they are seeing.”
COMPANIES
Air India braces for record Rs 15,000 crore loss after deadly crash
Earnings were further hit by Pakistan’s closure of its airspace for Indian airlines following a military clash with India
WORLD
Flagship Russian oil sinks in China after India buyers pull back
Shipments of the grade dropped to about $10 a barrel below Brent futures this week, according to people involved in the trade
DEFENCE
US Army displays new version of Abrams Tank at Detroit Auto Show
The new variant’s design began with a digital backbone.
BUSINESS
Tokyo looks to rev up IPO market by luring startups across Asia
The exchange is offering help in fundraising and IPO preparations with partners including banks, auditors and venture capital funds in Asia
WORLD
Trump abandons tariff threat after ‘framework’ Greenland deal
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland
BUSINESS
OpenAI’s Sam Altman meets mideast investors for $50 billion round
The ChatGPT maker is looking to raise $50 billion or more in the round at a valuation of about $750 billion to $830 billion
BUSINESS
China’s bumper silver exports belie market fears of curbs
China has had a licensing regime in place for silver since 2019.
BUSINESS
Berkshire’s Greg Abel to cut Kraft Heinz loss in post-Warren Buffett era
Berkshire is seeking to sell its 28% stake in the packaged foods company, according to a filing, the final step in a separation months in the making
BUSINESS
Gold falls after Trump backs away from tariffs over Greenland
Bullion fell as much as 1.1% in early trading, pulling back after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday
MARKETS
Asian stocks gain after Trump touts Greenland deal
BUSINESS
China’s bond auction draws record demand as global risks mount
The auction’s bid-to-cover ratio reached 5.91, the highest on record for the seven-year tenor, according to data compiled by Bloomberg
WORLD
Nvidia’s Jensen Huang plans to visit China as he works to reopen market
China, the largest market for semiconductors, is looking to build up its homegrown chip industry and decrease reliance on US products.
WORLD
OpenAI says it will pay for energy upgrades at Stargate sites
The ChatGPT maker will work with communities where it’s developing the projects to ensure they don’t raise electricity costs.
BUSINESS
Silver retail buying keeps supplies tight as rally gathers pace
A short squeeze last October showed how local supply constraints can quickly go global, especially for a less-liquid metal like silver
WORLD
Alibaba teams with China’s nuclear leader to power AI expansion
Alibaba this week established a 250 million yuan ($35.9 million) joint venture with China National Nuclear Power Co. and several other partners, according to data on corporate database Tianyancha
BUSINESS
Danish pension fund AkademikerPension to exit US treasuries
'The US is basically not a good credit and long-term the US government finances are not sustainable,' Anders Schelde, chief investment officer at AkademikerPension, told Bloomberg on Tuesday.
BUSINESS
Blackstone said to weigh $500 million India IPO for PGP Glass
Deliberations are at an early stage, and details including the valuation and size of the offering could change, the people said.
BUSINESS
Nomura sued in London by Elara Capital fund accused in short-seller report
The Tokyo-based lender has denied any wrongdoing.
WORLD
Greenland leader tells people to prepare for possible invasion
Greenland’s government will form a task force consisting of representatives of all relevant local authorities to help people prepare for any disruptions to daily life, Nielsen said.
BUSINESS
Poland considers ban on Chinese-made cars entering its military bases
Poland has maintained trading ties with China even as Beijing sided with Russia over its full-scale invasion of Ukraine. Warsaw has repeatedly blamed Moscow for a series of hybrid attacks on its territory.
BUSINESS
Netflix sweetens Warner Bros.Discovery terms to all cash in bidding war
Warner Bros.’ advisers value the cable networks from as little as 72 cents a share to as much as $6.86 a share, according to the filing
BUSINESS
Tata eyes bid for 6,000 e-buses without joining price wars
Tata’s insistence on factoring in those risks has cost it ground in recent tenders run by Convergence Energy Services Ltd., a state-backed agency that aggregates demand for electric buses.
BUSINESS
Gold tops $4,700 as Greenland tensions fuel trade war fears
Markets are waiting for Europe’s response to Trump’s threat to impose tariffs on eight European nations that oppose his Greenland ambitions
