Bloomberg Tech

Brazil Bets on Online Gambling Revenue to Help Balance Budget

Brazil’s lower house of congress Wednesday approved legislation to regulate online sports betting and casinos, a plan the government estimates will generate 2 billion reais ($407 million) in revenues in 2024 as it seeks to balance the country’s budget.

Socially Awkward Outsider Is Surprise Contender to Lead Taiwan

If it weren’t for the bodyguards swarming him, it’d be easy to mistake Ko Wen-je for someone’s socially awkward uncle and not a man who could soon be managing one of the world’s most dangerous geopolitical flash points as Taiwan’s next president.

SoftBank-Backed Arm Prices IPO at $51 a Share

Arm Holdings Plc priced its initial public offering at the top end of its range to raise $4.87 billion in the largest listing of the year, one that could give a major lift to long-suffering equity markets.