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Bitcoin Proxy’s Chief Seeks Funding Fix as ‘Flywheel’ Falters

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Simon Gerovich, who turned a struggling Japanese hotelier into a Bitcoin stockpiler and investor darling, is feeling the heat.

SoftBank, Rakuten Tap Japan’s Booming Retail Demand for Bonds

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Sales of corporate bonds to Japan’s mom and pop investors are booming, on track to surpass last year’s record as bigger returns draw buyers looking to protect their savings from inflation.

Israel to Halt or Slow Aid, Houthis: Several Leaders Killed,More

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Source: Bloomberg, 4:42

Trump’s ‘Startling’ Rapid Deportation Policy Paused By US Judge

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A US judge blocked a Trump administration policy that for months has allowed federal agents to rapidly remove undocumented immigrants without due process from anywhere in the US if they can’t quickly prove they’ve been in the country for more than two years.

Houthis: Several Leaders Killed, Ukraine Ex-Speaker Killed, More

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Source: Bloomberg, 4:50

Tame US Job Growth Expected in Approach to Fed Meeting

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Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market.

Chicago Mayor Signs Order to Deter Trump’s Threatened Crackdown

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Chicago Mayor Brandon Johnson signed an executive order Saturday aimed at banning federal law-enforcement officers from wearing masks or disguises as he tries to head off a threat from President Donald Trump to expand his crime crackdown to the city.

Ukraine Ex-Speaker Shot Dead, Houthis Say Several Leaders Killed

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Source: Bloomberg, 4:32

Elliott Recommended as Citgo Buyer With $5.89 Billion Proposal

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An Elliott Investment Management affiliate emerged as the recommended bidder in the court-ordered auction of Citgo Petroleum Corp.’s parent, offering $5.89 billion and a deal to pay off bondholders that have a pledge on the asset.

Ukraine Politician Killed, Israel Strike Kills Yemen Houthi PM

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Source: Bloomberg, 5:38

Israel Kills Yemen Houthi PM, Ukraine Politician Murdered, More

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Source: Bloomberg, 5:09

Strike Kills Yemen Houthi PM, Ukraine Politician Murdered, More

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Source: Bloomberg, 5:10

China’s Xi Offers Backing for Myanmar’s SCO Membership Bid

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Chinese President Xi Jinping pledged Saturday to support Myanmar’s efforts to become a full member of the Shanghai Cooperation Organization in his meeting with junta chief Min Aung Hlaing in Tianjin.

US Trading Partners ‘Dazed and Confused’ After Tariff Court Loss

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The legal fight over President Donald Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade.

Spirit Airlines Bankruptcy Tees Up Painful Cuts in Survival Bid

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Spirit Aviation Holdings Inc.’s second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps needed to ensure its survival.

Togolese Protests Seeking President Gnassingbé’s Ouster Blocked

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Security forces in Togo on Saturday blocked a protest by opposition parties and civil groups against the continued rule of President Faure Gnassingbé and his family, now in its 58th year.

Israel Strike Kills Yemen Houthi PM, Ukraine Politician Killed

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Source: Bloomberg, 5:58

US Corporate Leverage Poised to Rise With  $1 Trillion Deals Deluge 

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US companies are poised to boost their debt levels to help fund a $1 trillion wave of acquisitions, a reversal after years of scaling back their borrowings.

EU Foreign Ministers Meet to Discuss Trade Agreement

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European Union foreign ministers met in Denmark, Copenhagen to discuss options against Israel over the war in Gaza. Possible measures include sanctions on ministers in Benjamin Netanyahu's government and exports bans from Israeli settlements in the occupied West Bank. (Source: Bloomberg)

Zelenskiy, Modi Speak Ahead of Xi Jinping’s Shanghai Summit

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President Volodymyr Zelenskiy spoke with Prime Minister Narendra Modi about Russia’s latest strikes on Ukraine as the Indian leader heads to China for the annual summit of the Shanghai Cooperation Organization.

Trump Taunting Maduro on Venezuela Coast Spurs Questions on Goal

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The White House calls its decision to send naval forces and 4,000 troops off the coast of Venezuela a drug-interdiction effort. The move has also prompted speculation that President Donald Trump may be preparing something more aggressive against the country’s leader, Nicolas Maduro.

Israeli Strike Kills Yemen Houthi PM, Ukraine Politician Murder

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Source: Bloomberg, 5:47

Astra Pill Cuts Hard-to-Treat Blood Pressure in Late-Stage Trial

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AstraZeneca Plc said its experimental hypertension pill reduced blood pressure by more than twice as much as standard treatment in a large late-stage study, bolstering its chances of competing in a crowded field.

Yemen’s Houthis Say PM Was Killed in Israeli Strike Thursday

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The prime minister of Yemen’s Houthi government was killed in Israeli strikes on Thursday, along with a number of ministers, the group’s presidency said in a statement.

Bernard Arnault Bets on LA’s Rodeo Drive With New Tiffany, Louis Vuitton Flagship

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Bernard Arnault is pressing ahead with two major developments on Rodeo Drive in Beverly Hills, tightening his grip on one of the world’s most exclusive retail corridors.

Court Finds Trump Tariffs Illegal, Parubiy Murder "Horrendous"

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Source: Bloomberg, 6:15

Iran’s Currency Slides After Europe Moves to Reimpose Sanctions

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Iran’s rial approached record lows on Saturday after major European powers took punitive steps against the Islamic Republic for failing to honor its nuclear commitments.

Trump’s Revenge Summer Heats Up With Fed Ouster, Bolton Raid

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Welcome to Donald Trump’s summer of revenge.

Tories Call for Probe into Angela Rayner Over Stamp Duty Bill

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The UK’s Conservative party has called for an investigation into Deputy Prime Minister Angela Rayner’s tax affairs after she reportedly saved tens of thousands of pounds in stamp duty on a new apartment.

Investors Await Trump Tariff Reax, Ukraine's Parubiy Shot Dead

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Source: Bloomberg, 5:57

Young Republicans Are Losing Faith

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In 2024, President Trump made men under 35 feel seen. In 2025, they’re feeling ignored.

CEOs Can't Buy Creativity. They Need to Build It.

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Top-down management is having a moment. But leading with an iron fist is a sure way to crush innovation.

Ukraine’s Ex-Parliamentary Speaker Parubiy is Shot Dead in Lviv

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Andriy Parubiy, the former speaker of Ukraine’s parliament and a leader of the Maidan protests in 2013-14, was killed on Saturday in the western city of Lviv, said President Volodymyr Zelenskiy.

BVK Expects Losses From US Property Investments, CEO Tells Paper

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Bayerische Versorgungskammer, the Bavarian pension fund that funneled hundreds of millions of dollars into US real estate projects, expects to lose some money from the investments, its chief executive officer said in an interview.

US Senator Sees Feasibility of Joint Arms Production With Taiwan

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The US and Taiwan could feasibly manufacture weapons jointly, according to Senate Armed Services Committee Chairman Roger Wicker, in remarks that risk angering and escalating tensions with China.

Trump Tariffs Found Illegal, Top Kennedy Aide to Lead CDC, More

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Source: Bloomberg, 6:07

EDF Workers Plan Strike as France Political Crisis Deepens

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Workers at Electricite de France SA plan to hold a three-day strike, adding to union calls for labor actions and deepening the political crisis in the country.

EU Explores Ways of Acting More Quickly on Foreign Policy

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The EU will discuss options on how to act more swiftly on foreign policy matters, an area in which most decisions need unanimity, which has seen Hungary oppose many actions in favor of Ukraine and against Russia in recent years.

Russian Oil Majors Report Income Dip on Weak Price, Strong Ruble

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Russian oil producers’ profits dived in the first half of the year, driven down by lower crude prices and a stronger ruble.

Longest Rise in UK Home Listings Since 2004 Weighs on Prices

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Home listings in the UK have been piling up for about a year — their longest streak in two decades — as cautious buyers and the rise in supply point to further downward pressure on prices, according to the latest Royal Institution of Chartered Surveyors survey.

Orsted’s American Dream Becomes a Multi Billion-Dollar Nightmare

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Shareholders meet next week to vote on a $9.4 billion capital raise, just days after one of the wind power company’s major US projects was closed down.

Ukraine Strikes Russian Refineries as It Faces Missile Barrage

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Ukraine struck two oil refineries in Russia with drones overnight as it continued to target energy infrastructure while attempting to repel another missile and drone barrage from Kremlin forces.

Indian PM Modi Tours Chip Plant With Japan’s Ishiba

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Indian Prime Minister Narendra Modi toured a chip factory in Japan’s Miyagi prefecture on Saturday, a day after he and his Japanese counterpart Shigeru Ishiba pledged deeper ties as US tariffs hit the global economy.

Swiss Gold Industry Lobby Rejects Idea of US Relocation, NZZ Says

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Switzerland’s trade group for gold refiners opposes a relocation of some operations to the US to ease a trade imbalance between the countries and help tariff negotiations, newspaper Neue Zuercher Zeitung reported.

Spar's Retail Pivot: Pulling Back From Europe to Focus on Africa

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South African retail giant Spar Group is making a major strategic shift. After years of investing in overseas markets, the company is now pulling back from international expansion to focus on high-margin sectors at home like DIY, drugs, liquor and wine. In this report, Spar Group CEO Angelo Swartz sits down with Bloomberg's Jennifer Zabasajja to discuss the firm's bold new vision and what this means for its future growth strategy. (Source: Bloomberg)

Pakistan’s Surging Used Car Imports Pose Threat, Toyota JV Says

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Pakistan’s soaring used car imports pose a “serious” threat to local manufacturers, according to Indus Motor Co., the local joint venture of Toyota Motor Corp.

Japan’s Akazawa Canceled US Trip Over Rice, Nikkei Says

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Japan’s top trade negotiator Ryosei Akazawa abruptly canceled his trip to Washington on Thursday because there remains a gap between the two sides on the issue of rice, Nikkei reported.

Indonesia Protests Surge Overnight, Leaving at Least Three Dead

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Protests worsened overnight across major cities of Indonesia, far beyond the capital Jakarta, as demonstrators defied President Prabowo Subianto’s call for calm.

Germany Debates Who Should Cover the Costs of Unhealthy Eating

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When Lucas Pohl boarded a flight last summer, he didn’t know it would mark a turning point in his life. The Berlin resident had always carried extra weight, but when he couldn’t fasten his seatbelt and had to ask for an extender, “something inside me broke,” the 27-year-old said.

Britain Faces Up to an Uneasy Relationship With Its Own Flags

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In the center of Stevenage, a so-called “new town” north of London that grew in the mid-20th century, the St George’s Cross flies from the balconies of flats and outside pubs. Near a hotel housing asylum seekers, passers-by stop and stare at flags while children look upwards to point them out.