Nestle Prepares Products for Wegovy Users as Revenue Growth Ebbs
Nestle SA is working on products designed to complement a new class of weight-loss drugs after revenue growth decelerated to the weakest pace in almost three years.
Bloomberg Top News
Japan’s Key Labor Union Seeks More Pay Hikes for Next Year
Japan’s largest labor union federation demanded higher pay increases for next year, potentially providing the key element needed for the central bank to move toward policy normalization.
TSMC Foresees Long-Awaited Chip Recovery After Outlook Beat
Taiwan Semiconductor Manufacturing Co. projected revenue ahead of estimates and predicted the worst could soon be over for the chip industry, bolstering a growing view that tech demand could recover from its post-Covid funk going into 2024.
Sanctions Fail to Stop Kim Jong Un Snapping Up Luxury Watches, Bags
North Korea has resumed its buying of high-end watches, famous brand bags and designer clothes for Kim Jong Un, his family and aides despite an international ban on luxury good exports to the country, according to South Korea’s unification ministry.
UK Pushes to Label AI as Capable of ‘Catastrophic Harm’
Prime Minister Rishi Sunak is pushing for nations to label artificial intelligence as capable of causing “catastrophic harm” at the AI Safety Summit the UK is hosting next month as it seeks to forge a common international approach on the rapidly advancing technology.
Swedish Fund Hit by SVB Sees Loss in Alternatives Portfolio
The Swedish pension group caught up in the fallout of Silicon Valley Bank this spring suffered losses in the portion of its portfolio exposed to European real estate.
Swiss Watch Price Increases Help Boost Exports Again
Swiss watch exports rose in September on persistent demand for pricey timepieces, even as shipments to the key US and Chinese markets fell.
Property Portal OnTheMarket Surges 53% on $120 Million Takeover by CoStar
Shares of UK property portal OnTheMarket Plc rallied the most on record after US real estate firm CoStar Group Inc. agreed to take over the firm in a transaction valued at about £99 million ($120 million).
I Squared to Acquire London Bus Operator Arriva
I Squared Capital agreed to buy Deutsche Bahn AG’s Arriva transport business, which operates London’s iconic red double-decker buses.
Israel’s Iron Dome Risks Getting Overstretched If War Against Hamas Widens
Israel’s high-tech air defense system, the Iron Dome, risks getting overwhelmed by missile attacks if the escalating war with Hamas in Gaza expands into a wider regional conflict.