UK Economy Bounced Back in April With Gains for Retailers
The UK economy bounced back in April as strong growth in the retail and creative industries sectors offset a slowdown in construction and manufacturing.
Bloomberg Tech
Toyota Soars on Optimism Over EV Plans, Shareholders’ Meeting
Toyota Motor Corp. posted its biggest two-day gain in three years, fueled by an aggressive messaging campaign around the Japanese carmaker’s electric-vehicle strategy, a drama-free shareholders’ meeting and a broader global stock rally.
Saudis Look to China for Business as US Influence Wanes
Days after welcoming Secretary of State Antony Blinken as part of efforts to reset relations with the US, Saudi Arabia turned its attention to boosting ties with one of Washington’s main competitors: China.
World’s Biggest Memory Chipmaker Samsung Gives Workers Some Fridays Off
Samsung Electronics Co., the world’s biggest memory chipmaker, is giving staff in South Korea one Friday off each month in a bid to retain talent that increasingly values flexible work.
Asia Stocks Rise as Traders Position for Fed Pause: Markets Wrap
An index of Asian equities rose for a fourth day amid bets for supportive monetary policy from central banks in China and Japan and a pause in interest rate hikes from the Federal Reserve.
Why Deadly Ethnic Violence Erupted in India’s Manipur State
India’s northeastern state of Manipur has cut off its 3.5 million people from mobile internet services for over a month as ethnic clashes over a dispute involving access to affirmative action benefits continue to erupt. The fighting has left more than 100 people dead and over 37,000 in refugee camps as mobs set fire to homes, vehicles and places of worship.
Biggest Losers of AI Boom Are Knowledge Workers, McKinsey Says
The worldwide boom in generative artificial intelligence will usher in an age of accelerated productivity and greater prosperity for some — and profound disruption for others, primarily knowledge workers, according to a new report by consultants McKinsey & Co.
Ken Griffin Ramps Up Credit Trades, Anticipating US Recession
Ken Griffin, whose hedge fund churned out a record $16 billion for clients last year, is increasing his focus on credit trading as he braces for a potential US recession.
India’s Internet Shutdowns Hurt Its Most Vulnerable, Report Says
India’s frequent and arbitrary internet shutdowns hurt its most impoverished, who depend on government social protection programs, according to a new report from right groups Human Rights Watch and Internet Freedom Foundation.
Asian Equities Index Rises on Policy Rates Outlook: Markets Wrap
An index of Asian equities rose for a fourth day amid bets for supportive monetary policy from central banks in China and Japan and a pause in interest rate hikes from the Federal Reserve.