Microsoft South Africa (SA) has entered into a $70.5 million artificial intelligence (AI) investment agreement with the Southern African nation’s Department of Trade, Industry, and Competition (DTIC). The investment aims to support the development of black-owned small, micro, and medium enterprises (SMMEs) in both tech and non-tech sectors over the next 10 years. Approximately 200…
Six newborn babies died in a fire at a children’s hospital in East Delhi on Saturday night, Press Trust of India reported. from Bloomberg Politics https://ift.tt/D0jdwHK
Japan is likely close to completely overcoming its decades-long deflation, according to Bank of Japan Deputy Gov. Shinichi Uchida. https://www.wsj.com/articles/end-of-japans-battle-against-deflation-in-sight-boj-deputy-gov-says-42c8f370
Nearly eight months into the war, at least 60,000 Israelis who left their homes near Lebanon in October are still displaced. https://www.wsj.com/articles/in-israels-north-some-displaced-residents-call-for-step-up-in-fight-against-hezbollah-41284bdb
Kinger Lau, chief China equity strategy at Goldman Sachs, discusses the outlook for the nation’s stocks and the opportunities he sees. He speaks on “Bloomberg: The China Show.” from Bloomberg Markets https://ift.tt/CQMoAsP
Higher interest rates have caused off-plan home sales to tumble in the UK, prompting the nation’s housebuilders to scale back development. from Bloomberg Markets https://ift.tt/rk83F0O
Industrial profit rose in April, reversing a decline from the previous month, as Beijing’s stimulus measures started to kick in and foreign demand for Chinese products improved. https://www.wsj.com/articles/chinas-industrial-profit-rose-in-april-as-stimulus-measures-kicked-in-69e5a0b3
Haidi Stroud-Watts in Sydney and Annabelle Droulers in Singapore drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/3dlEJIw
A Hong Kong court adjourned to June 24 a hearing on a winding-up petition against Chinese developer Kaisa Group Holdings Ltd. on Monday, giving the struggling firm more time to work on a debt agreement. from Bloomberg Markets https://ift.tt/96MlfmT
Chinese Premier Li Qiang met Samsung Electronics Co. Executive Chairman Jay Y. Lee in Seoul on Sunday. The premier told Lee that China would always remain open to foreign enterprises and pledged to improve the business environment, according to the official Xinhua News Agency. (Source: CCTV) from Bloomberg Markets https://ift.tt/bt4yWcG