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Meta Sees a Future Where AI Fills You Social Needs
1747307006 from BLOOMBERG
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Riley Griffin reports from the Meta antitrust trial about the company’s views of its rivals and the future of social networks.
ECB’s Guindos Warns Financial System Still Facing Trade Risk
1747305665 from BLOOMBERG
European Central Bank Vice President Luis de Guindos cautioned that the recent trade turmoil could still upend the region’s financial system, which has so far weathered the fallout from the abrupt shifts in US policy.
German Bonds May Be More Attractive Than US, JPM Says
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JPMorgan global markets strategy head Dubravko Lakos-Bujas discusses the outlook for European fixed income markets. "I do think that the German bond market, in terms of supply, actually looks quite attractive and maybe in some cases more attractive than sort of the US side," Lakos-Bujas says. He speaks to Bloomberg's Francine Lacqua on the sidelines of the JPMorgan Capital Markets Conference in Paris. (Source: Bloomberg)
‘Clear Signs’ Oil Demand Growth Is Slowing: IEA’s Bosoni
1747299535 from BLOOMBERG
Toril Bosoni, International Energy Agency oil markets head, discusses the outlook for global oil demand as the IEA said it is expected to slow down for the rest of 2025 amid economic headwinds. “We’re seeing an oversupplied market for the remainder of this year and extending into 2026,” Bosoni tells Bloomberg’s Francine Lacqua.
Odd Lots: The Double Whammy Facing Oil Companies (Podcast)
1747296000 from BLOOMBERG
The new administration has a “drill, baby, drill” mantra and a much more liberal attitude towards the oil and gas industry than the last one. But that hasn’t translated into great profits for the oil industry itself. Crude prices have sunk and tariffs have raised the cost of components for companies trying to get energy out of the ground. So, what’s the future for the industry? And who is actually making money right now? In this episode, we talk to longtime energy industry veteran Peter Tertzaki
CATL’s $4 Billion Listing Is Caught Up in China’s Difficult Dance With US
1747285637 from BLOOMBERG
In this week’s Hong Kong Edition, we examine the challenging outlook for the world’s biggest listing this year in CATL, interview Elephant Grounds’ co-founder Gerald Li and indulge in a 12-course cheese feast at a new restaurant on Aberdeen Street.
Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut
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Shein Group Ltd. lowered US retail prices this week after the Trump administration temporarily cut duties on Chinese imports, as the online fashion retailer moves to win back consumers scared away by recent tariff-induced price hikes.
Uganda Using 'Extraordinary Measures' to Grow FX Reserves, Central Bank Governor Says
1747281819 from BLOOMBERG
Bank of Uganda Governor Governor Michael Atingi-Ego says the central bank has taken "extraordinary measures" to grow the nation's foreign exchange reserves, including buying $1.5 billion from the market this fiscal year and using currency swaps. The transactions have so far amounted to $400 million, Atingi-Ego said from the capital, Kampala, in an interview with Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)
StanChart-Backed Algbra Partners With Gatehouse for UK Accounts
1747281600 from BLOOMBERG
The UK banking arm of Kuwait’s Gatehouse Financial Group Ltd. is partnering with London-based financial technology firm Algbra Group to provide new digital accounts for overseas residents looking to invest in the UK property market.
America First Policy Spurs Africa Startups to Seek New Backers
1747281600 from BLOOMBERG
Oko Finance, a Morgan Stanley-backed startup providing disaster insurance to farmers in Africa, was on track to become profitable this year — until US President Donald Trump’s funding cuts gutted its biggest customer.
South Korea to Lift Deposit Insurance Cap First Time in 24 years
1747279373 from BLOOMBERG
South Korea will double the deposit insurance limit to 100 million won ($71,174) per client from September, raising the cap for the first time in nearly a quarter of a century to boost confidence in the banking system.