BUSINESS
Microsoft signs $9.7 billion AI cloud deal with IREN
Sydney-based IREN also said it’s agreed to purchase the requisite GPUs and related equipment for $5.8 billion from Dell Technologies Inc.
BUSINESS
Air India raises $215 million from Standard Chartered, Bank of India
Air India News: The six-year loan, raised through Gujarat International Finance-Tec City, or GIFT City, is priced at about 168 basis points over the secured overnight financing rate, said the people, who asked not to be identified because it is not yet public
BUSINESS
CVC in talks to buy KKR’s Avendus stake after Mizuho deal falters
New York-based KKR first bought into Avendus in 2015 and injected additional capital two years later
BUSINESS
Mizuho’s Avendus deal in India is said to stall on valuation
Mizuho was on the verge of buying a majority stake in Avendus in what would be the latest acquisition by a Japanese bank in India, people familiar with the matter said in June
BUSINESS
Barclays revamps Asia-Pacific investment banking leadership team
The firm, long known as a powerhouse in debt capital markets, has sought to deepen its footprint in equity financings and advisory.
BUSINESS
Republican budget takes US on path to trillions in new deficits
As Congress ponders a gigantic new budget resolution, supporters of fiscal moderation have gone suspiciously quiet
BUSINESS
SoftBank nears deal to acquire chip designer Ampere
The Japanese company is discussing a deal that could value the Oracle Corp.-backed chip designer at about $6.5 billion, including debt, according to the people.
BUSINESS
The Federal Reserve should pause before cutting interest rates again
Interest rates might need to fall further in 2025, but it’s too soon to say
WORLD
Putin is vulnerable, US and Europe should capitalise on it
The US and Europe should exploit Russia’s economic vulnerability to negotiate a better peace
BUSINESS
Financial scams in US are a huge problem. Banks need government help
Financial institutions are at the front lines of fighting fraud, but they can’t do it alone
BUSINESS
Oil steady ahead of OPEC+ meeting as cease-fire reduces risks
Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US.
BUSINESS
Crypto’s coming back, and regulators must work to prevent disaster
Basic protections can prevent frenzied trading in fundamentally worthless tokens from harming people who don’t want to be involved
BUSINESS
Political chaos can't be allowed to put global economies at risk
Economic and geopolitical threats are increasingly at odds with the apparent calm in financial markets
BUSINESS
Google talks to utilities about nuclear power for data centres
Tech titans Microsoft and Amazon are already betting on nuclear energy as a source of stable, low-carbon power to meet skyrocketing electricity demand from their data centers.
BUSINESS
Rise of extremism gives Germany’s leaders another wake-up call
Voters don’t long for the fascist past, but they’re fed up with the status quo
BUSINESS
Big banks need a clearer view of their own risks after stress tests
Financial institutions need a clearer view of their own risks
WORLD
US Election: Joe Biden and Donald Trump ignore fiscal crisis
Neither candidate shows much interest in fiscal restraint. Ignoring the problem won’t make it go away
WORLD
UK Elections: Labour victory can be wasted if Keir Starmer stays cautious
A careful campaign is one thing. But the challenges facing Britain’s next government can’t be glossed over
WORLD
Gavin Newsom is ready for the Biden emergency
Newsom was there to cheer on President Joe Biden before his debate with former President Donald Trump. “Biden is confident,” Newsom told reporters. “He’s got a record and he’s got a vision for the future.”
BUSINESS
Europe Elections: Climate change notches a win
The European Union’s centrist leaders must learn their lessons and double down on achieving net zero
WORLD
Joe Biden can’t win re-election with a failing campaign
The president’s numbers are bad. He can’t keep doing what he’s doing while expecting a different result
WORLD
Europe Elections: Voters send a message to their failing leaders
Elections to the European Parliament ought to come as a salutary shock
WORLD
Joe Biden’s new plan to cancel student debt as misguided as old one
The administration’s latest debt-cancellation scheme will reward rich borrowers, punish taxpayers and drive up the cost of college
BUSINESS
Where do shadow banks get their money? Your deposits
Regulators need to address the growing links between traditional banks and the nonbank financial institutions that are increasingly taking over their business
