Welcome to Weather Watch, our weekly newsletter on how the planet’s ever wilder weather patterns are impacting the global economy. Got feedback and forecasts? Write us at weatherteam@bloomberg.net. And sign up here if you’re not on the list already. When there’s volatile weather, revenues of energy and agricultural companies can be put at risk. And…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
BOAO, China, March 29, 2025 /PRNewswire/ — From March 25 to 28, the Boao Forum for Asia 2025 Annual Conference, themed “Asia in the changing World: Towards a shared Future.” will be held in Boao, Hainan, China. Zhong Baoshen, Chairman of LONGi, was invited to participate in the China-Australia Business Leaders Forum on March 26 under…
Miguelangelo Hernandez | Augusta University What is OpenAI’s new rival, DeepSeek? Chinese startup DeepSeek released a cost-efficient artificial intelligence AI model that is rivaling U.S. AI programs. The United States is currently ahead in AI development due to its infrastructure, but China is a close second. While Chinese company DeepSeek recently made a breakthrough in…
Hong Kong authorities should consider gradually raising some service charges to a cost-recovery level for the government’s long-term financial health despite the move not having an immediate effect on the nearly HK$100 billion (US$12.8 billion) deficit, experts have said. Experts on Monday pointed to immigration charges such as visa and passport fees and illegal parking…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
Apple Inc. lambasted the EU’s Digital Markets Act after the first known porn app for the iPhone arrived on the company’s devices in the region. The app, called Hot Tub, is available in the EU via AltStore PAL, a third-party software marketplace that became available in the region due to local requirements. The app allows…
China’s industrial firms saw their profits drop in November for a fourth straight month, on track for the sharpest annual decline since records began in 2000. Industrial profits at large Chinese companies fell 7.3% last month compared to a year ago, the National Bureau of Statistics said in a statement on Friday. That compares with…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….