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The first word in business news | Watch Live: bloom.bg/videos | Newsletters: bloom.bg/newsletters | Podcasts: bloom.bg/podcasts

Joined April 2009
  • Posts 1,271,182
  • Following 105
  • Followers 10,254,682
324,611 Photos and videos
Honeywell International spinoff Solstice Advanced Materials will acquire Element Solutions in a cash-and-stock deal valued at about $14.5 billion, creating a market leader in the specialty chemicals sector. bloomberg.com/news/articles/…

Solstice to Acquire Element Solutions in $14.5 Billion Deal

Honeywell International Inc. spinoff Solstice Advanced Materials Inc. will acquire Element Solutions Inc. in a cash-and-stock deal valued at about $14.5 billion, creating a market leader in the...

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A long-running schism over whether South Korea is a developed or emerging-market economy has resulted in a record performance gap between the ETFs, run by BlackRock and Vanguard bloomberg.com/news/articles/…

BlackRock, Vanguard ETFs Diverge Over 170% AI-Fueled Rally

For more than a decade, investors could treat the two biggest emerging-market exchange-traded funds as almost interchangeable.

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As the Dalai Lama turns 91 today, his associates in India say he remains in good health and insist his successor will be chosen according to centuries-old Tibetan Buddhist tradition – not by China. bloomberg.com/features/2026-…

China Is Using Buddhism to Challenge India's Influence in Asia

China is investing millions in Buddhism to expand its influence in Asia, challenging India's claim to the faith and alarming US officials as the Dalai Lama succession nears

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It will be all smiles when Keir Starmer joins European allies at the NATO summit in Ankara later this week. In Brussels, however, efforts to reset EU-UK relations are facing headwinds. bloomberg.com/news/newslette…

Post-Brexit Reset Faces Headwinds in Brussels

European Commission and some countries are opposed to UK involvement in EU meetings

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The race for alternative sources of power in South Africa deepens utility’s `death spiral’ bloomberg.com/news/newslette…

Solar Boom Deepens African Power Utility’s ‘Death Spiral’

Eskom once produced almost all the electricity feeding South Africa’s economy.

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The US will resume troop rotation in Poland, overturning an earlier decision that led to a strain in ties between the two NATO allies, Poland’s top defense official said bloomberg.com/news/articles/…

US to Resume Troop Rotation in Poland, Defense Minister Says

The US will resume troop rotation in Poland, overturning an earlier decision that led to a strain in ties between the two North Atlantic Treaty Organization allies, Poland’s top defense official said.

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Western Europe is bracing for the summer’s third major heat wave, fueling dangerous wildfire conditions and straining power systems across the region bloomberg.com/news/articles/…

Europe Faces Weeks of Extreme Heat as Fire and Power Risks Build

Western Europe is bracing for the summer’s third major heat wave, fueling dangerous wildfire conditions and straining power systems across the region.

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Everyone talks about AI. But who's really using it? A new index from an MIT lecturer ranks S&P 500 companies on AI adoption, strategy and execution bloomberg.com/news/articles/…

Which Companies Actually Use AI? A New Index Has Answers

A ranking created by a lecturer at MIT Sloan measures real adoption.

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Indonesia is planning sweeping tax incentives for a proposed international financial center, including an effective 0% income tax rate for some businesses and foreign finance experts bloomberg.com/news/articles/…

Indonesia Mulls 0% Income Tax to Draw Money to New Financial Hub

Indonesia is planning sweeping tax incentives for a proposed international financial center, including an effective 0% income tax rate for some businesses and foreign finance experts.

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Canada has chosen a bid led by Thyssenkrupp Marine Systems to build a new fleet of submarines in one of the largest military procurements in the country’s history, according to the Globe and Mail. bloomberg.com/news/articles/…

Canada Picks Germany’s TKMS to Build New Submarines, Globe Says

Canada has chosen a bid led by Thyssenkrupp Marine Systems to build a new fleet of submarines in one of the largest military procurements in the country’s history, according to the Globe and Mail.

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Lockheed Martin agreed to buy a naval defense business owned by private equity firm Advent for $3.45 billion as demand for sea-based weapons system surges bloomberg.com/news/articles/…

Lockheed to Buy Ultra Maritime for $3.45 Billion in Naval Push

Lockheed Martin Corp. agreed to buy a naval defense business owned by private equity firm Advent for $3.45 billion as demand for sea-based weapons system surges.

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Rogers Communications agreed to buy the remaining 25% stake in Maple Leaf Sports & Entertainment for C$4.35 billion ($3.1 billion) from billionaire Larry Tanenbaum’s Kilmer Group, taking full ownership of Canada’s largest sports empire bloomberg.com/news/articles/…

Rogers Pays $3.1 Billion to Buy Out Investor in NBA, NHL Teams

Rogers Communications Inc. agreed to buy the remaining 25% stake in Maple Leaf Sports & Entertainment Ltd. for C$4.35 billion ($3.1 billion) from billionaire Larry Tanenbaum’s Kilmer Group, taking...

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Michael Saylor’s Strategy sold $216 million of Bitcoin last week, marking the first major step in the financing overhaul the company unveiled in recent days after a prolonged slump in the cryptocurrency and its own shares bloomberg.com/news/articles/…

Strategy Sells $216 Million of Bitcoin as Saylor Begins Overhaul

Michael Saylor’s Strategy Inc. sold $216 million of Bitcoin last week, marking the first major step in the financing overhaul the company unveiled in recent days after a prolonged slump in the...

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Chip supplier Broadcom is expanding its work with Apple through 2031 and plans develop and supply products for multiple generations of the iPhone maker’s devices bloomberg.com/news/articles/…

Broadcom Expands Work for Apple, Supplying Products Through 2031

Chip supplier Broadcom Inc. is expanding its work with Apple Inc. through 2031 and plans develop and supply products for multiple generations of the iPhone maker’s devices.

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In today’s India Edition, Menaka Doshi looks at June auto sales records and Rakesh Sharma discusses the growing angst around ethanol blending. bloomberg.com/news/newslette…

Indians Buy Record Alternative Fuel Cars Even as Ethanol Protests Rise

Indians are swayed more by economics than ideology.

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Saudi Arabia cut the price of its main crude grade for customers in Asia in August by the most in at least 26 years, as a surge of global supply heightens competition for buyers bloomberg.com/news/articles/…

Saudis Make Biggest Oil Price Cut in Decades as Market Weakens

Saudi Arabia cut the price of its main crude grade for customers in Asia in August by the most in at least 26 years, as a surge of global supply heightens competition for buyers.

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A troubling pattern has emerged in this summer’s heat: Not only has it broken records, it’s done so often by margins far above the previous all-time highs bloomberg.com/news/newslette…

Climate Extremes Are Becoming More Extreme, Worrying Scientists

Heat, sea level rise, polar melting: They’re all picking up pace.

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Russia’s flagship crude price has slid to levels seen before the conflict in the Middle East, piling more pressure on Kremlin coffers that are already strained by the invasion of Ukraine bloomberg.com/news/articles/…

Russia Oil Price Falls to Pre-Iran War Level in Blow to Kremlin

Russia’s flagship crude price has slid to levels seen before the conflict in the Middle East, piling more pressure on Kremlin coffers that are already strained by the invasion of Ukraine.

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Foreign investors are piling into Chile’s local government debt at the fastest pace on record, attracted by a weaker peso, the prospect of interest rate cuts and the return of a more market-friendly government bloomberg.com/news/articles/…

Return of the Right Sparks Record Inflow to Chile Peso Bonds

Foreign investors are piling into Chile’s local government debt at the fastest pace on record, attracted by a weaker peso, the prospect of interest rate cuts and the return of a more market-friendly...

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Record spending on AI infrastructure and power grids is fueling a flurry of capital raises by listed companies, giving bankers one of their busiest starts in years and eclipsing the slowdown of initial public offerings in the region bloomberg.com/news/articles/…

Europe’s Equity Bankers Bet on Capex Wave to Ride Out IPO Slump

Record spending on AI infrastructure and power grids is fueling a flurry of capital raises by listed companies, giving bankers one of their busiest starts in years and eclipsing the slowdown of...

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