Bloomberg

Bloomberg

Latest from Bloomberg

India plans to adopt China-style facial recognition in policing, despite having no data privacy laws

India will open bids next month to build a facial recognition system to assist its understaffed police force, but the project is ringing alarm bells in a nation with no data privacy laws which just shut down the internet for the last seven weeks in Kashmir.

20 Sep 2019 - 10:17AM

India will open bids next month to build a facial recognition system to assist its understaffed police force, but the project is ringing alarm bells in a nation with no data privacy laws which just shut down the internet for the last seven weeks in Kashmir.

India plans to adopt China-style facial recognition in policing, despite having no data privacy laws
US luxury icon Tiffany to open more stores in mainland China as Chinese stay home where weak yuan still has buying power

Sectors ranging from tourism to luxury goods that relied heavily on Chinese spending abroad are slumping as the yuan depreciates and the ongoing US-China trade war weighs on consumer confidence.

19 Sep 2019 - 2:29PM

Sectors ranging from tourism to luxury goods that relied heavily on Chinese spending abroad are slumping as the yuan depreciates and the ongoing US-China trade war weighs on consumer confidence.

US luxury icon Tiffany to open more stores in mainland China as Chinese stay home where weak yuan still has buying power
Thailand’s iconic tuk-tuks get a makeover as start-up gears up for tests of self-driving models in Bangkok

Most autonomous-driving advancements in Asia come from Chinese and Japanese companies - such as Baidu, Pony.ai and Toyota Motor.

19 Sep 2019 - 10:28AM

Most autonomous-driving advancements in Asia come from Chinese and Japanese companies - such as Baidu, Pony.ai and Toyota Motor.

Thailand’s iconic tuk-tuks get a makeover as start-up gears up for tests of self-driving models in Bangkok
Germany adds to Facebook’s woes by voicing opposition to its Libra cryptocurrency

While the development of blockchain technology holds great potential, it should not be used to develop private forms of money such as Libra, the government in Berlin said.

18 Sep 2019 - 10:05PM

While the development of blockchain technology holds great potential, it should not be used to develop private forms of money such as Libra, the government in Berlin said.

Germany adds to Facebook’s woes by voicing opposition to its Libra cryptocurrency
‘You call him stupid, he says you’re stupid’: early hints from Donald Trump’s playbook point to another ugly US election

Trump’s tactics reveal a president who is unlikely to allow his own age, verbal blunders and checkered past stop him from levelling attacks on his would-be rivals for those same attributes.

18 Sep 2019 - 5:48PM

Trump’s tactics reveal a president who is unlikely to allow his own age, verbal blunders and checkered past stop him from levelling attacks on his would-be rivals for those same attributes.

‘You call him stupid, he says you’re stupid’: early hints from Donald Trump’s playbook point to another ugly US election
FedEx slashes profit outlook in fresh sign trade war is wounding US corporate giants

The slowdown is being “driven by increasing trade tensions and policy uncertainty,” said FedEx chief executive officer Fred Smith

18 Sep 2019 - 10:48PM

The slowdown is being “driven by increasing trade tensions and policy uncertainty,” said FedEx chief executive officer Fred Smith

FedEx slashes profit outlook in fresh sign trade war is wounding US corporate giants
Anwar Ibrahim expects to succeed Mahathir Mohamad as Malaysia’s prime minister in 2020

Anwar Ibrahim says there is an understanding that he will take over as Malaysia’s prime minister around May 2020. He also dismissed reports Azmin Ali or Mukhriz Mahathir were being considered for the role.

18 Sep 2019 - 4:50PM

Anwar Ibrahim says there is an understanding that he will take over as Malaysia’s prime minister around May 2020. He also dismissed reports Azmin Ali or Mukhriz Mahathir were being considered for the role.

Anwar Ibrahim expects to succeed Mahathir Mohamad as Malaysia’s prime minister in 2020
How did this new China fund manager make a whopping 54 per cent in profits in one year for investors?

Changan Yulong Flexible Allocation Mixed Fund is beating 99 per cent of more than 2,500 peers tracked by Bloomberg.

18 Sep 2019 - 1:32PM

Changan Yulong Flexible Allocation Mixed Fund is beating 99 per cent of more than 2,500 peers tracked by Bloomberg.

How did this new China fund manager make a whopping 54 per cent in profits in one year for investors?
US-China trade war presented Vietnam a golden opportunity but can its infrastructure keep up?

Businesses are increasingly complaining about congested ports and roads, rocketing costs for land and labour, and regulations not being loosened quickly enough.

18 Sep 2019 - 2:35PM

Businesses are increasingly complaining about congested ports and roads, rocketing costs for land and labour, and regulations not being loosened quickly enough.

US-China trade war presented Vietnam a golden opportunity but can its infrastructure keep up?
WeWork makes job cuts in New York after parent company delays IPO

The cuts come at a chaotic time for WeWork, whose parent company We Co. postponed its IPO after criticism about the company’s financial discipline and corporate governance.

18 Sep 2019 - 10:57PM

The cuts come at a chaotic time for WeWork, whose parent company We Co. postponed its IPO after criticism about the company’s financial discipline and corporate governance.

WeWork makes job cuts in New York after parent company delays IPO
US announces new rules to speed up pig slaughter ahead of anticipated China pork supply gap

Removal of speed limits expected to increase production by 12.5 per cent, but critics fear changes will affect both food and worker safety.

18 Sep 2019 - 4:18AM

Removal of speed limits expected to increase production by 12.5 per cent, but critics fear changes will affect both food and worker safety.

US announces new rules to speed up pig slaughter ahead of anticipated China pork supply gap
Huawei says US-China trade deal should lead to talks

US trade ban on Huawei is hurting American technology companies and workers more, according to a senior executive at the world’s biggest telecoms equipment supplier.

18 Sep 2019 - 8:37PM

US trade ban on Huawei is hurting American technology companies and workers more, according to a senior executive at the world’s biggest telecoms equipment supplier.

Huawei says US-China trade deal should lead to talks
Meet the US-trained coder who is helping NetEase find new life beyond games

To bankroll expansion, NetEase could float online education platform as soon as this year.

17 Sep 2019 - 9:13PM

To bankroll expansion, NetEase could float online education platform as soon as this year.

Meet the US-trained coder who is helping NetEase find new life beyond games
Elon Musk hired a private detective to investigate man he called ‘pedo guy’ in Thai cave rescue operation

The Tesla chief executive hired the private investigator for US$50,000 to back up his assertion in a 2018 tweet about British caver Vernon Unsworth.

17 Sep 2019 - 9:46AM

The Tesla chief executive hired the private investigator for US$50,000 to back up his assertion in a 2018 tweet about British caver Vernon Unsworth.

Elon Musk hired a private detective to investigate man he called ‘pedo guy’ in Thai cave rescue operation
Investors poured US$45 billion into Indian stock market but now Modi ‘euphoria’ is wearing off

India’s economic growth has decelerated for five straight quarters to the weakest level since early 2013, one year before Modi became prime minister.

17 Sep 2019 - 9:19AM

India’s economic growth has decelerated for five straight quarters to the weakest level since early 2013, one year before Modi became prime minister.

Investors poured US$45 billion into Indian stock market but now Modi ‘euphoria’ is wearing off
Singapore woos banks in battle of Asia’s biggest currency hubs as it loses ground to Hong Kong

Average daily trading in Singapore jumped 22 per cent to a record US$633 billion in April from the same period in 2016, just ahead of Hong Kong’s US$632 billion

17 Sep 2019 - 4:35PM

Average daily trading in Singapore jumped 22 per cent to a record US$633 billion in April from the same period in 2016, just ahead of Hong Kong’s US$632 billion

Singapore woos banks in battle of Asia’s biggest currency hubs as it loses ground to Hong Kong
‘Impossible to proceed’ with Aramco IPO as investors fear ongoing attacks on Saudi oil facilities

Analysts now see a US$1.5 trillion valuation for Aramco as more realistic, down from US$2 trillion as desired by Saudi Crown Prince Mohammed bin Salman.

16 Sep 2019 - 9:37PM

Analysts now see a US$1.5 trillion valuation for Aramco as more realistic, down from US$2 trillion as desired by Saudi Crown Prince Mohammed bin Salman.

‘Impossible to proceed’ with Aramco IPO as investors fear ongoing attacks on Saudi oil facilities
Singapore halts sales of some antacids over stomach cancer concerns

The sale and supply of eight brands of the drugs were suspended after they were found to contain an impurity called NDMA, a potential carcinogen.

16 Sep 2019 - 8:37PM

The sale and supply of eight brands of the drugs were suspended after they were found to contain an impurity called NDMA, a potential carcinogen.

Singapore halts sales of some antacids over stomach cancer concerns
UN mission calls for Myanmar military to face trial over Rohingya atrocities

After a two-year investigation, a UN mission found evidence of the ongoing systematic use of murder, rape, gang rape, torture and forced displacement in Myanmar.

16 Sep 2019 - 7:21PM

After a two-year investigation, a UN mission found evidence of the ongoing systematic use of murder, rape, gang rape, torture and forced displacement in Myanmar.

UN mission calls for Myanmar military to face trial over Rohingya atrocities
Female pilots from the Philippines could help drive Asia’s travel boom

Only about 3 per cent of the world’s pilots are female but that could be set to change as airlines fight for staff amid breakneck growth in Asian aviation.

16 Sep 2019 - 11:18PM

Only about 3 per cent of the world’s pilots are female but that could be set to change as airlines fight for staff amid breakneck growth in Asian aviation.

Female pilots from the Philippines could help drive Asia’s travel boom
Did North Korea’s Kim Jong-un invite US President Donald Trump to visit him in Pyongyang?

The offer for another summit came in a letter delivered late last month, according to a South Korean newspaper citing multiple people familiar with the matter.

16 Sep 2019 - 11:18PM

The offer for another summit came in a letter delivered late last month, according to a South Korean newspaper citing multiple people familiar with the matter.

Did North Korea’s Kim Jong-un invite US President Donald Trump to visit him in Pyongyang?
US semiconductor companies urge Trump to hurry Huawei licenses

American businesses require a special license to supply goods to Huawei after the US added the Chinese company to a trade blacklist in May over national-security concerns

16 Sep 2019 - 6:00AM

American businesses require a special license to supply goods to Huawei after the US added the Chinese company to a trade blacklist in May over national-security concerns

US semiconductor companies urge Trump to hurry Huawei licenses
New York declares ‘emergency’ ban on flavoured e-cigarettes after vaping linked to several deaths

Governor Andrew Cuomo says ‘vaping is very dangerous’ and ‘addicting millions of young people’ at a news conference to announce radical move.

16 Sep 2019 - 9:24PM

Governor Andrew Cuomo says ‘vaping is very dangerous’ and ‘addicting millions of young people’ at a news conference to announce radical move.

New York declares ‘emergency’ ban on flavoured e-cigarettes after vaping linked to several deaths
Why China’s central bank is liberalising its interest-rate system

As part of liberalising its interest-rate system from August, the PBOC replaced the benchmark lending rate with two new reference rates for bank loans. The reform is part of a modernisation process with the intention of having a market-oriented central banking mechanism.

15 Sep 2019 - 10:34PM

As part of liberalising its interest-rate system from August, the PBOC replaced the benchmark lending rate with two new reference rates for bank loans. The reform is part of a modernisation process with the intention of having a market-oriented central banking mechanism.

Why China’s central bank is liberalising its interest-rate system
Could Democrat Elizabeth Warren beat Donald Trump in 2020 race that will no doubt turn nasty?

The Democratic presidential candidate has so far largely avoided directly attacking Donald Trump as she focuses on detailed plans to address America’s most pressing issues.

15 Sep 2019 - 10:40PM

The Democratic presidential candidate has so far largely avoided directly attacking Donald Trump as she focuses on detailed plans to address America’s most pressing issues.

Could Democrat Elizabeth Warren beat Donald Trump in 2020 race that will no doubt turn nasty?
How business class could feel like a budget flight, with fewer frills, charging for ‘extras’, but lower base fares

Premium airlines, including Emirates and Lufthansa, are looking at new ways to get money out of passengers by ‘unbundling’ services. This means selling cheaper tickets and removing perks such as lounge access and the chance to upgrade.

15 Sep 2019 - 5:00AM

Premium airlines, including Emirates and Lufthansa, are looking at new ways to get money out of passengers by ‘unbundling’ services. This means selling cheaper tickets and removing perks such as lounge access and the chance to upgrade.

How business class could feel like a budget flight, with fewer frills, charging for ‘extras’, but lower base fares
Popular porn site Pornhub is now sponsoring art, but is Maccarone gallery’s The Pleasure Principle exhibition just a gimmick?

The Maccarone gallery in Los Angeles has chosen the art, while Pornhub, one of the world’s biggest porn sites, is paying for the show’s production and installation

14 Sep 2019 - 4:00PM

The Maccarone gallery in Los Angeles has chosen the art, while Pornhub, one of the world’s biggest porn sites, is paying for the show’s production and installation

Popular porn site Pornhub is now sponsoring art, but is Maccarone gallery’s The Pleasure Principle exhibition just a gimmick?
Taiwan ‘ready to move quickly’ to seal deal on F-16 fighter jets from US

Taipei has agreed to buy 66 new Block 70 combat aircraft from Lockheed Martin.

14 Sep 2019 - 11:03PM

Taipei has agreed to buy 66 new Block 70 combat aircraft from Lockheed Martin.

Taiwan ‘ready to move quickly’ to seal deal on F-16 fighter jets from US
Singapore fosters tech skills training for older workers to boost city’s productivity

Retraining efforts are becoming increasingly necessary as the labour force gets older and the global skills gap widens.

14 Sep 2019 - 6:22AM

Retraining efforts are becoming increasingly necessary as the labour force gets older and the global skills gap widens.

Singapore fosters tech skills training for older workers to boost city’s productivity
US sanctions North Korean hackers behind WannaCry, Sony cyberattacks

The Treasury Department said Lazarus Group, Bluenoroff and Andariel were behind major thefts from financial institutions.

14 Sep 2019 - 8:32AM

The Treasury Department said Lazarus Group, Bluenoroff and Andariel were behind major thefts from financial institutions.

US sanctions North Korean hackers behind WannaCry, Sony cyberattacks