Israeli Prime Minister Benjamin Netanyahu reiterated that there would be no permanent cease-fire in the war against Hamas in Gaza until the country’s conditions are met, which include the destruction of the militant group. Bloomberg News’ Abeer Abu Omar discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/8IcCXd0
Hitachi and Microsoft announced a multibillion-dollar collaboration to accelerate the adoption of generative artificial intelligence, the latest in a series of partnerships and investments the two companies are undertaking. https://www.wsj.com/articles/hitachi-microsoft-plan-for-multibillion-dollar-ai-partnership-3a040cf9
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its…
Stock gauges in India came off record highs hit on Monday, with both the Nifty 50 index and BSE Sensex falling about 2% each. https://www.cnbc.com/2024/06/04/asia-markets-live-updates-india-elections-south-korea-cpi.html
Philippine central bank Governor Eli Remolona pushed back against the rate cut outlook given by the country’s finance chief, describing it as “too aggressive.” from Bloomberg Markets https://ift.tt/x6MOoia
When Russian President Vladimir Putin takes the stage at his annual forum in St. Petersburg this week, his country’s business ties with a lower-key Gulf state will be on full display. from Bloomberg Markets https://ift.tt/rfUg6Y7
In Salt Lake City, Krista Renae Stone, 23, pleaded guilty to using the dark web to arrange a murder-for-hire in 2023. According to court documents, Stone utilized bitcoin to pay $5,000 for the hit. Between March and September 2023, she accessed a website offering “hitman for hire” services, providing detailed information about the intended victim,…
China is taking its domestic economic problems and exporting them to the rest of the world, the US Ambassador to Japan Rahm Emanuel said, adding this strengthens the resolve of America and its partners to stand together. from Bloomberg Politics https://ift.tt/xZ2ApvE
Biden was expected to sign an executive order banning migrants who cross the southern border illegally from claiming asylum, an effort meant to quell voter discontent with his handling of immigration ahead of the presidential election. https://www.wsj.com/us-news/biden-to-issue-executive-order-on-southern-border-limiting-asylum-rules-a9a021a5
Despite Western sanctions, Russia still gets foreign-made components for arms used against Ukraine. WSJ’s Ian Lovett reports from inside the forensic lab exposing Moscow’s access to vital microchips. https://www.wsj.com/articles/inside-the-ukrainian-lab-exposing-u-s-chips-in-russias-weapons-7a2cee9e