Hong Kong's new $4 billion Kai Tak sports park is a chance for redemption after the government lost face last year when football legend Lionel Messi failed to play in a much-hyped game, and stars such as Taylor Swift bypassed the city in their Asian tours. See what's inside: https://bloom.bg/3QDgQ7K
📷: Lam Yik/Bloomberg
An alleged boardroom coup attempt, a lawsuit between a family patriarch and his son, and accusations of corporate governance lapses — even by the standards of Asian succession drama, the family feud raging at Singapore’s Kwek dynasty stands out.
City Developments, the financial hub’s biggest listed developer, plunged into crisis Wednesday when its billionaire Chairman Kwek Leng Beng, 84, accused his son, the firm’s chief executive officer, of orchestrating a boardroom coup. More here: https://bloom.bg/3CVPOFu
📷: Nicky Loh/Bloomberg
📷: Ore Huiying/Bloomberg
🎙 Four years after Beijing’s crackdown on tech, Xi Jinping is embracing some of China’s top tech bosses again.
Find out what this means for the country’s tech titans and their US rivals on the Big Take Asia Podcast ⤵️ https://link.podtrac.com/jxfy2rhy
The Trump administration is planning to require undocumented immigrants to join a federal registry, with potential fines, prison time and deportation for non-participation. More here: https://bloom.bg/3XjEfie
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The White House said the head of the Department of Government Efficiency — the wide-ranging federal cost-cutting initiative associated with Elon Musk — is a little-known official named Amy Gleason. More here: https://bloom.bg/41vcO7n
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Scientists at China’s Wuhan Institute of Virology recently reported the discovery of another bat-borne coronavirus, HKU5-CoV-2, which could spread in a similar way to Covid-19. Here's what to know about new strain: https://bloom.bg/3D65oy6
📷: Hector Retamal/AFP/Getty Images
The staffer with billionaire Elon Musk’s Department of Government Efficiency who resigned after a report that linked him to racism and eugenics has been reinstated at the Social Security Administration, according to people familiar with the move. Read more here: https://bloom.bg/41o6bE1
📷: Stefani Reynolds/Bloomberg
Elon Musk's X, formerly known as Twitter, is raising money from investors at a valuation of $44 billion — the same price Musk paid for the company in 2022. More here: https://bloom.bg/4i1pit0
📷: Francis Chung/Politico/Bloomberg
Citigroup lifted CEO Jane Fraser’s total compensation to $34.5 million for 2024 — up by a third from the $26 million she received for 2023 — and represents the biggest raise among CEOs of large US banks. Read more: https://bloom.bg/3CVRui5
📷: Paul Yeung/Bloomberg
🎙 Donald Trump is planning to close a tariff loophole that’s given Chinese marketplace Temu an edge over Amazon. What does this mean for US consumers and how will the likes of Temu and Shein navigate the changes?
Listen to the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
There are a limited number of US visas up for grabs each year for high-skilled workers.
Former staffers say India’s biggest outsourcing firm TCS made repeated use of manager-level visas to get around H-1B rules and game the system. More here: https://bloom.bg/4b6RgkS
📷 Jimena Peck/Bloomberg
Elon Musk’s artificial intelligence startup xAI showed off the updated Grok-3 model, showcasing a version of the chatbot technology that the billionaire has said is the “smartest AI on Earth.” Read more here: https://bloom.bg/3Qm2loA
📷: VCG/Getty Images
🎙 LIVE NOW: The rise of DeepSeek has sparked a rally in China's tech stocks - but will it last?
Bloomberg reporters are answering all your questions in a Live Q&A: https://bloom.bg/40Xi1n9
A tie-up involving Australia's Chemist Warehouse has produced a parade of fortunes — turning the pharmacy chain's two founders and its CEO Mario Verrocchi into billionaires.
Verrochi, who joined the company as an intern, said it was the result of "fifty years of toil, 50 years of grind, a bit of blood, sweat and tears." More here: https://bloom.bg/41eJmCP
📷: Brendon Thorne/Bloomberg
EXCLUSIVE: Asia’s second-richest man, Gautam Adani, is building a political influence operation spanning white shoe law firms and lobbyists, looking to simultaneously deal with legal cases and expand his business in the US, sources say. Read more here: https://bloom.bg/3ECJUJO
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Bitcoin tumbles 25% from the all-time high set weeks ago as traders reverse bets that followed the election of US President Donald Trump. More here: https://bloom.bg/3EVQdIF
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Exclusive: YouTube star MrBeast is looking to raise a couple hundred million dollars to expand his business in a funding round that would value his company at about $5 billion, according to people familiar with the matter: https://bloom.bg/3EYdlGn
📷: Jon Kopaloff/Getty Images for Prime Video
Hooters and some of its creditors are considering a potential bankruptcy plan that would see control of the brand returned to former executives and the one-time parent of the chain, according to people with knowledge of the matter. More here: https://bloom.bg/4bjudmV
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LATEST: Chances for early action on Donald Trump’s tax cut plans improved as House Republicans passed a budget blueprint calling for deep cuts in safety-net programs such as Medicaid. More here: https://bloom.bg/43jMu1k
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Australia was unaware that Chinese warships were about to conduct live-fire exercises off its east coast until they were alerted by a Virgin Australia pilot. More here: https://bloom.bg/41v2uwp
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As Trump unleashes round two of his trade wars, an analysis of the way global commerce has rewired since his first presidency shows how Vietnam, Mexico and Canada are exposed this time around as a new era of American protectionism unfolds. Read more: https://bloom.bg/4gQ4lQU
📷: Yasufumi Saito, Christopher Udemans
EXCLUSIVE: Malaysian officials tell Prime Minister Anwar Ibrahim to soften his Israel-Hamas rhetoric to avoid scrutiny from Donald Trump. More here: https://bloom.bg/4b4TW2s
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Self-driving entrepreneur James Peng has hit billionaire status after the rally in Chinese tech firms buoyed stock in his robotaxi startup Pony AI. https://bloom.bg/3D8QJlL
📷: Lam Yik/Bloomberg
The tiny island nation of Nauru faces extreme flooding risks fueled by climate change, and is selling citizenships to fund a project to move about 10,000 people to higher ground. https://bloom.bg/4i406ls
📷: Gallo Images/Gallo Images Editorial
🚨 LIVE NOW: How will a fresh interest-rate cut and housing crisis reshape Australia’s 2025 election?
Join our reporters for a Live Q&A. Ask questions here: https://bloom.bg/3XvmAnZ
Singapore is likely to boost spending in Lawrence Wong’s first budget as prime minister, offering more handouts to businesses ahead of election. Follow our live blog for the latest news and analysis: https://bloom.bg/4i1twB0
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The unravelling of the investment-banking expansion in China marks a seismic shift for Wall Street.
Once a crown jewel of global finance, China is now a fading prospect, forcing major banks to recalibrate their growth strategies. While many are shifting Asia resources to Japan and India, the China void is hard to fill. More here: https://bloom.bg/414fI1K
📷: Illustration by Carolina Moscoso
After promising to unleash “the big one,” President Donald Trump has directed his administration to propose a round of reciprocal tariffs that could remodel America’s trading relationship with the world.
Here's how they could be imposed, which countries would be affected the most, and more: https://bloom.bg/3EAgsnv
📷: Stefani Reynolds/Bloomberg
From the Ambanis to the Chengs, Asia's 20 richest families are collectively worth $558 billion. Here's who made the list: https://bloom.bg/3Ez2YIZ
📷: Sujit Jaiswal/AFP
China's long-running property crisis that's hobbled its economy and created a near $160 billion pile of distressed debt — the world’s largest — is sliding into a dangerous new phase. Read The Big Take: https://bloom.bg/4gL379C
📷: Fang Dongxu/VCG/Getty Images
