BUSINESS
Bitcoin’s $1 trillion identity crisis hits from every direction
The world’s largest cryptocurrency has plunged more than 40% from its peak, and the usual playbook isn’t working
WORLD
US accepted Iran’s bid to maintain uranium enrichment, says ISNA
Iranian media report that US officials have accepted continued uranium enrichment as part of Geneva talks, focusing instead on technical limits. Negotiations progress amid tensions as Trump weighs military options against Tehran.
BUSINESS
Mexico, Canada get exemption to 10% US levy but USMCA risk looms
The USMCA carve-out exemption allows the US to continue to import oil and other resources from Canada and Mexico tariff-free, and avoids greater disruption in the trade of key manufacturing inputs such as automotive parts.
BUSINESS
OpenAI flagged Canada suspect eight months before mass shooting
The artificial intelligence company said that the suspected killer — Jesse Van Rootselaar — had an account that was detected about eight months ago by systems that scan for misuse, including the possible furthering of violent activities.
WORLD
Donald Trump will travel to China in late March for high-stakes Xi meet
President Trump will visit China from March 31 to April 2 to meet Xi Jinping amid trade tensions and a recent tariff truce, aiming to extend negotiations on trade, tariffs and economic cooperation.
WORLD
Emerging markets climb as US Supreme Court strikes down tariffs
Ahead of the ruling, traders digested a batch of data pointing to weaker-than-expected economic activity and persistent inflation in the US economy.
WORLD
Trump’s options after the Supreme Court said his tariffs are illegal
The court said that Trump exceeded his authority by invoking the International Emergency Economic Powers Act to justify his sweeping “reciprocal” duties targeting America’s trading partners, as well as separate levies aimed at China, Canada and Mexico.
BUSINESS
Dollar falls after Supreme Court strikes down Trump’s tariffs
US Treasury yields climbed after the ruling as traders focused on the revenue from the levies, which has improved the US fiscal position.
WORLD
Trump Iran ultimatum sets up attacks following IAEA meeting
The International Atomic Energy Agency’s board is scheduled to hold a five-day meeting in Vienna starting on March 2
BUSINESS
Temasek, ADIA said to plan investing in Clean Max’s India IPO
The Mumbai-based company’s plan to raise about Rs 3,100 crore is another test of the Indian IPO market, which is struggling to gather momentum after two consecutive years that set records for proceeds
BUSINESS
Amazon dethrones Walmart as world’s biggest company by sales
Amazon and Walmart compete head-to-head for shoppers’ dollars.
WORLD
Trump to deploy 5,000 science graduates globally to advance US AI agenda
Founded in 1961 under President John F. Kennedy at the height of the Cold War, the Peace Corps has functioned as an instrument of goodwill diplomacy for the US.
WORLD
Palm Beach airport in US to be renamed Donald J. Trump International
The airport is one of several high-profile places in Palm Beach and beyond that now carry Trump’s imprint
WORLD
UK royals face biggest challenge in decades with Andrew’s arrest
The arrest of Andrew Mountbatten-Windsor is a fresh nadir for the UK’s most powerful family, as it tries to outrun a litany of setbacks and adapt to the 21st century.
MARKETS
Asian stocks fall, oil climbs with Iran in focus
Stocks opened lower in Japan and Australia, indicating a headwind to sentiment after two days of advances for a gauge of the region’s stocks
WORLD
UK holds off approval for US to use its bases in any Iran strike
Trump spoke by phone with UK Prime Minister Keir Starmer on Tuesday, with the two men touching on the Iran US talks taking place in Geneva
BUSINESS
New York’s Robotaxi plan pulled in blow to Waymo expansion
New York Governor Kathy Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside New York City, a blow to Alphabet Inc.’s Waymo as it seeks to aggressively expand its driverless fleet this year. The proposal, which Hochul had included in her budget proposal last month, would have allowed autonomous-vehicle companies such as Waymo to apply for permission to pilot their services without human operators in the vehicle. The decision to withdraw the plan was confirmed Thursday by the governor’s office to Bloomberg News. “Based on conversations with stakeholders, including in the legislature, it was clear that the support was not there to advance this proposal,” said Sean Butler, a Hochul spokesperson. Waymo said in a statement to Bloomberg that it was “disappointed” by the governor’s decision. “We’re committed to bringing our service to New York and will work with the state legislature to advance this issue.” The move is a setback for Waymo, which is planning to hit more than 1 million paid weekly robotaxi rides in the US by the end of this year. The company has said it plans to expand across 20 cities in 2026 in the US and abroad, including in Dallas, San Antonio, Orlando, Nashville and London. Although Hochul’s initial proposal excluded New York City, expanding in the rest of the state would have gotten Waymo a step closer to serving one of the biggest ride-hailing markets in the world. Alphabet’s stock briefly fell as much as 1% after the news, but has since rebounded. Shares of Tesla Inc., which has begun offering robotaxi services at a small scale in the US, at one point fell as much as 1.8%. The New York Taxi Workers Alliance, which represents more than 20,000 rideshare and taxi drivers, celebrated the decision after earlier opposing the robotoxi plan on the grounds that it could replace some human workers. “If job loss matters in New York City, it also matters for other drivers in the state,” said Bhairavi Desai, executive director of the NYTWA. “If drivers lose jobs upstate, we would expect them to come to the city for work. There may be regulatory boundaries, but there is no practical boundary in this industry. It would be naive for Waymo to be satisfied with a couple of cars in Rochester when a majority of jobs come from the city.” Waymo Co-Chief Executive Tekedra Mawakana told Bloomberg Television last week that the state had shown interest in launching robotaxis. Even if it was outside New York City, “that gives us an opportunity to grow more fans,” she said, adding that some consumers of the service have been calling for robotaxis in the city. “We hear from thousands of New Yorkers who have experienced Waymo in other cities and want access to it at home,” the spokesperson added. “They want the safety, privacy and comfort that riders in other major cities already enjoy.”
BUSINESS
Warner Bros. trading suggests market expects sweetened offer
Paramount has been trying to buy Warner Bros. since September of last year, an effort that resulted in Warner Bros. formally putting itself up for sale
BUSINESS
Gold wavers near $5,000 as traders assess geopolitics, Fed rate
Renewed geopolitical risks boosted haven demand for bullion, which advanced as much as 0.9% before paring some of the gains
BUSINESS
US jobless claims drop by the most since November to 206,000
Initial claims decreased by 23,000 to 206,000 in the week ended Feb. 14, according to Labor Department data released Thursday.
BUSINESS
US trade deficit widens, capping one of biggest since 1960
The December deficit reflected a 3.6% increase in the value of imports. Exports of goods and services declined 1.7%.
BUSINESS
Cristiano Ronaldo puts $7.5 million into Herbalife health platform
Ronaldo — who became the first footballer to join the Bloomberg Billionaire’s Index in 2025, with an estimated net worth of $1.4 billion — has been a paid endorser of Herbalife since 2013.
SPORTS
Manchester United’s Avram Glazer enters race to buy Royal Challengers Bengaluru: Report
Blackstone Inc., Carlyle Group Inc. and Indian tycoons are among other potential buyers of the Royal Challengers Bengaluru franchise
MARKETS
Bandhan Small Cap Fund that outperformed 93% of peers turns to internet value stocks
The $2.1 billion fund has added holdings like Paytm, Info Edge India Ltd. and IndiaMart InterMesh Ltd. in recent months
