India may cut its borrowings this year as the ongoing national elections narrow the government’s spending window by about three months, according to Mirae Asset Investment Managers India Pvt. from Bloomberg Markets https://ift.tt/Re5PAuJ
Elon Musk’s artificial intelligence company, xAI, recently announced that it had raised $6 billion in funding from investors. This new investment brings the company’s total value to $24 billion. The money will be used to help xAI create its first products, build advanced computer systems, and continue researching and developing new AI technologies. TLDR Elon…
Zambia expects to conclude its third program review with the International Monetary Fund next month, as the copper-rich nation finalizes $500 million of international assistance to deal with the effects of a record drought. from Bloomberg Markets https://ift.tt/anlZokQ
South African labor union Solidarity challenged the government’s new health-insurance law in court and urged other groups to join its legal battle. from Bloomberg Politics https://ift.tt/hyY9XEs
When the Supreme Court decided last week to keep the controversial Consumer Financial Protection Bureau (CFPB) funded, some were surprised that Justice Clarence Thomas split from some of his conservative colleagues, writing the majority opinion to keep the CFPB intact. In a 7-2 decision, the court held that Congress uniquely authorized the bureau to draw…
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing. from Bloomberg Markets https://ift.tt/UcCowHu
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing. from Bloomberg Politics https://ift.tt/UcCowHu
Federal Reserve Bank of Minneapolis President Neel Kashkari said policymakers should take their time in monitoring whether inflation is slowing enough to warrant interest-rate cuts. from Bloomberg Markets https://ift.tt/6Cdz0LX
German real estate firm Adler Group SA posted a €81 million ($88 million) loss in the first quarter as it struggled with high interest and advisory costs linked to its second major debt overhaul. from Bloomberg Markets https://ift.tt/cWe4kgY
European markets turned slightly lower in mixed morning trade following a quiet previous session. https://www.cnbc.com/2024/05/28/european-markets-open-to-close-ftse-100-dax-cac-40.html