India’s political leadership didn’t permit strikes on Pakistani military bases at the start of hostilities between the two countries in May, allowing Islamabad to shoot down its fighter jets, according to a military official. Read more here: https://bloom.bg/3ZVBdlH
📷: Narinder Nanu/AFP via Getty Images
📷: Narinder Nanu/AFP via Getty Images
A 30-year old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favored names like Pop Mart, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness. Read more here: https://bloom.bg/4esLZWw
Bloomberg.com
China Fund Beats 97% of Peers by Buying Pop Mart, Dumping Moutai
A 30-year-old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favored names like Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness.
Australia creates more unicorns per dollar invested than any other nation but its startups lag far behind the US and China in funding raised. Read more here: http://bloom.bg/46hxEtS
The Iran-Israel war highlighted a critical flaw in shipping's satellite-based systems that makes the industry hauling 80% of global trade vulnerable to mass-jamming. Read The Big Take: https://bloom.bg/4lw0ISI
📷: Clare Louise Jackson/Shutterstock
📷: Clare Louise Jackson/Shutterstock
Over the past couple of years, European and American luxury brands have faced falling sales in China—one of their key growth markets for decades—as mainland consumers grapple with an economy devastated by a collapse in real estate prices.
In that same period, upstart domestic jewelry brand Laopu Gold has prospered with a growing range of gold rings, necklaces, bracelets and more aimed at the aspirations of a bruised middle class. Read more here: https://bloom.bg/4keHQ9J
📷: Lam Yik/Bloomberg
In that same period, upstart domestic jewelry brand Laopu Gold has prospered with a growing range of gold rings, necklaces, bracelets and more aimed at the aspirations of a bruised middle class. Read more here: https://bloom.bg/4keHQ9J
📷: Lam Yik/Bloomberg
Elon Musk once again threatened to ramp up his political spending, this time targeting nearly every sitting Republican in Congress who has signaled support for President Donald Trump’s multi-trillion dollar tax bill. Read more here: https://bloom.bg/46jz1YX
Bloomberg.com
Musk Lashes Out at Tax Bill Proponents, Threatens to Unseat Lawmakers
Elon Musk once again threatened to ramp up his political spending, this time targeting nearly every sitting Republican in Congress who has signaled support for President Donald Trump’s multi-trillion dollar tax bill.
Singapore is doubling down on disease testing as the rest of the world pulls back. Read here: https://bloom.bg/3TiL5SM
Bloomberg.com
Singapore Disease Testing Helps Fill the Gap Left by US Funding Cuts
Wastewater could offer clues to the next pandemic.
Microsoft's top sales executive is planning to take a two-month sabbatical as the company plans a wave of layoffs targeting his organization. Read here: https://bloom.bg/4nHz6My
📷: David Paul Morris/Bloomberg
📷: David Paul Morris/Bloomberg
Thailand’s Constitutional Court temporarily suspends Prime Minister Paetongtarn Shinawatra from office until it rules on a petition seeking her ouster for alleged ethical violations — the biggest blow yet to her less-than one-year-old government. Read more here: https://bloom.bg/3I1amhZ
📷: Valeria Mongelli/Bloomberg
📷: Valeria Mongelli/Bloomberg
Qantas expects that a “significant” amount of customer data was stolen by a cyberattack targeting one of its contact centers. Read here: https://bloom.bg/4ez35lB
Bloomberg.com
Qantas Says Flyers’ Data Targeted in ‘Significant’ Cyberattack
Qantas Airways Ltd. expects that a “significant” amount of customer data was stolen by a cyberattack targeting one of its contact centers.
Binance, the world's largest digital-assets exchange, will keep hundreds of its remote workers in Singapore despite a crackdown on unlicensed crypto outfits in the city-state. Read more here: https://bloom.bg/3TgBZG9
Bloomberg.com
Binance to Keep Hundreds of Staff in Singapore Despite Crackdown
The world’s largest digital-assets exchange Binance plans to keep hundreds of remote workers in Singapore, despite a crackdown on unlicensed crypto outfits in the city-state.
Nomura fired one of its elite bond traders after accusing him of spoofing, leaving him working alone in a smoky cafe in Tokyo.
So he decided to use what he calls “toilet graffiti” to tell the world his side of the story https://bloom.bg/4nuHFde
📷: Takaaki Iwabu/Bloomberg
So he decided to use what he calls “toilet graffiti” to tell the world his side of the story https://bloom.bg/4nuHFde
📷: Takaaki Iwabu/Bloomberg
The third season of Netflix’s blockbuster series Squid Game racked up record viewership in its first three days, reinforcing the Korean survival drama’s status as a global cultural phenomenon.
See the numbers here: https://bloom.bg/4ly5YoS
📷: Roger Kisby/Getty Images for Netflix
See the numbers here: https://bloom.bg/4ly5YoS
📷: Roger Kisby/Getty Images for Netflix
🎙 President Trump's ongoing trade war has created significant turmoil for American businesses with ties to China.
On today’s Big Take Asia Podcast: How one toymaker is fighting back: https://link.podtrac.com/jxfy2rhy
On today’s Big Take Asia Podcast: How one toymaker is fighting back: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
BREAKING: Siemens says the US has lifted export restrictions on chip design software for China. Read more here: https://bloom.bg/4koHCx9
Bloomberg.com
Siemens Says US Has Rescinded Chip Software Curbs on China
Siemens AG has received a notice from the US government saying that Washington has lifted export restrictions on chip design software for China.
Human waste, empty oxygen cylinders and kitchen leftovers.
Here's how drones are helping clean the world's highest garbage dump — where Sherpas used to carry kilos of trash down Everest by foot: https://bloom.bg/4lepg34
Here's how drones are helping clean the world's highest garbage dump — where Sherpas used to carry kilos of trash down Everest by foot: https://bloom.bg/4lepg34
Bloomberg.com
Mount Everest's Trash-Covered Slopes Are Being Cleaned by Drones
High-flying unmanned aircraft are being used to whisk away garbage at one of the mountaineering camps on the highest peak on Earth.
Bill Ackman is trying to make tennis history.
The 59-year-old billionaire investor said he could become the oldest player to receive official ATP ranking points with a win at the Hall of Fame Open next week in Newport, Rhode Island. Read more here: https://bloom.bg/4eQLZQt
📷: Michael Nagle/Bloomberg
The 59-year-old billionaire investor said he could become the oldest player to receive official ATP ranking points with a win at the Hall of Fame Open next week in Newport, Rhode Island. Read more here: https://bloom.bg/4eQLZQt
📷: Michael Nagle/Bloomberg
Russia unleashed a massive drone attack on the Ukrainian capital, hours after US President Donald Trump expressed frustration at failing to make any progress toward ending the war during a call with Vladimir Putin. Read more here: https://bloom.bg/3IcJSKr
Bloomberg.com
Russia Unleashes Drone Attack on Ukraine After Trump-Putin Call
Russia unleashed a massive drone attack on the Ukrainian capital, hours after US President Donald Trump expressed frustration at failing to make any progress toward ending Moscow’s war on Ukraine during a call with his Russian counterpart Vladimir Putin.
NEW: India's high-frequency trading bonanza saw global firms make outsized profits for years. But the authorities' crackdown on Jane Street suggests the windfall may be coming to an end.
Read The Big Take: https://bloom.bg/3Ttg2DP
📷: Elke Scholiers/Bloomberg
Read The Big Take: https://bloom.bg/3Ttg2DP
📷: Elke Scholiers/Bloomberg
🚨LIVE NOW: Xiaomi built an EV, Apple couldn't. How? Bloomberg's Annabelle Droulers, Linda Lew, Katrina Nicholas and Vlad Savov answer your questions on the strategy and what this means for global players like Tesla in a Live Q&A. https://bloom.bg/4lDM5Np