🎙 China’s pension system is in danger of running out of money in a decade.
Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it.
Listen to the Big Take Asia podcast ⤵ https://link.podtrac.com/jxfy2rhy
Dell is rebranding its PC line in a bid to make its computers cool again. If you're an iPhone user, the new names may sound familiar: https://bloom.bg/4092wIi
📷: Dell Technologies Inc.
A former hedge fund manager whose firm made billions during the global financial crisis is ready to pounce on volatility again, as he sees threats to market stability at a level not seen since 2008. Read more: https://bloom.bg/3W8won4
📷: Steve Diggle
Here's what we know so far about South Korea's plane crash that killed 179 people in the country's worst airline disaster. https://bloom.bg/3VZuYuO
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Jimmy Carter, the former Georgia peanut farmer who as US president brokered a historic and lasting peace accord between Israel and Egypt in a single term marred by soaring inflation, an oil shortage and Iran’s holding of American hostages, has died, the Washington Post reported. He was 100. Read more here: https://bloom.bg/3DzZJQV
📷: Scott Cunningham/Getty Images
Babies exposed to Covid in utero may face a higher risk of autism, a study shows, adding to a list of long-term health consequences from the virus. Read more here: https://bloom.bg/4iLITPf
📷: STR/AFP/Getty Images
How natural disasters and price-fixing crashed the world's fourth-largest insurance market. Read The Big Take here: https://bloom.bg/4fuRQt7
📷: Jiji Press/AFP/Getty Images
President Joe Biden signed funding legislation to keep the US government operating until mid-March, avoiding a year-end shutdown and kicking future spending decisions into Donald Trump’s presidency https://bloom.bg/4gNdOsp
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Elon Musk is turning to a Boring Co. executive and tech loyalists to help hire staff for the Department of Government Efficiency under Trump. More here: https://bloom.bg/49IjS32
📷: Al Drago/Bloomberg
China’s billionaires are slowly starting to recover their wealth after three years of losses, with tech tycoons leading the rebound.
The combined fortunes of 55 of the nation’s wealthiest tracked by the Bloomberg Billionaires Index have risen 16% to $809.6 billion since the beginning of January. More here: https://bloom.bg/4gAz7gE
📷: Bloomberg
🎙 China has been trying all sorts of ways – and pouring tons of money – to solve its housing crisis.
Find out on the Big Take Asia Podcast whether these government efforts are working, and what it will mean for China’s economy if the big push fails. https://link.podtrac.com/jxfy2rhy
“Bonuses are being paid later each year and getting smaller.”
Here's why Chinese investment bankers are struggling to stay relevant and thinking about transitioning to new careers: https://bloom.bg/407mFQt
📷: Qilai Shen/Bloomberg
Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man” https://bloom.bg/41BaCvG
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President Yoon Suk Yeol’s demise may have been swift and shocking, but he is just the latest in a growing list of South Korean leaders who’ve seen their fortunes turn after rising to power.
Here’s a look back at the former heads of state and what happened to them: https://bloom.bg/3DeH3pv
NEW: Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. More here: https://bloom.bg/3OUVzFA
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Toyota plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall. Read more here: https://bloom.bg/4a3VitP
📷: Toyota
Chinese-state sponsored hackers penetrated the executive branch of the Philippines government and stole sensitive data, according to people familiar with the matter. More: https://bloom.bg/4gzLOsF
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"Emilia Pérez" and "The Brutalist" won the best picture in their respective comedy and drama categories at the Golden Globes film and television awards. Read more here: https://bloom.bg/3PplMwj
📷: Amy Sussman/Getty Images
Elon Musk's growing US political influence is causing global resistance to his Starlink satellite network to crumble. Read The Big Take here. https://bloom.bg/40cG9Tv
📷: Brandon Bell/Getty Images North America
Trump's tariff threats are setting off a global supply chain "freakout" that’s leaving companies prone to bottlenecks — and more vulnerable to economic shocks. Read the latest Big Take here: https://bloom.bg/4fCba7O
📷: Qilai Shen/Bloomberg
🎙From video games to a reality TV spinoff, Netflix has been trying to turn its Squid Game series into a global franchise. Rebecca Choong Wilkins speaks with Sohee Kim and Lucas Shaw about its big bet and the new season on The Big Take Asia podcast. https://link.podtrac.com/jxfy2rhy
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SoftBank’s billionaire founder Masayoshi Son surprised the world with a $100 billion AI plan in the US. But can he beat Nvidia? Read The Big Take here: https://bloom.bg/3VRNxBi
📷: Bloomberg Daybreak/Getty Images
China's Pop Mart has been on a tear this year, beating global peers like Disney and Sanrio. The secret: collectible dolls.
Here's how the company turned a cult following among China’s Gen Z into a global phenomenon: https://bloom.bg/3VQ4o7A
📷: Na Bian/Bloomberg
China’s property slump is getting worse. The government’s failure to stop falling prices is most evident in the city that has tried the hardest to reverse the trend. Read more: https://bloom.bg/4gC3S4Y
📷: Yufan Lu
“Everything has happened at lightning speed from beginning to end."
The swift fall of South Korea's president gestures at the nation's "palipali" culture. Koreans aren't afraid of bold pivots and voicing their displeasure to make a change. More here: https://bloom.bg/3Dl9mmp
📷: Jean Chung/Bloomberg
LATEST: Nissan shares jump as much as 24% while Honda’s fall up to 3.4% after reports of a potential merger to challenge the world's biggest carmaker https://bloom.bg/4iJufYw
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Activist investors are buying more Japanese stocks than ever before, giving them stronger influence in shaping the country's biggest companies https://bloom.bg/4ghNS8B
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NEW: A once-exiled son of Thailand's king says royals must allow criticism https://bloom.bg/4fgnY3G
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NEW: Indian tycoons Mukesh Ambani and Gautam Adani have tumbled out of the elite centibillionaires club.
Here's the outlook for their fortunes: https://bloom.bg/3OXVDED
📷: Bloomberg
BREAKING: South Korean lawmakers have voted to impeach President Yoon Suk Yeol, less than two weeks after he shocked the nation by briefly imposing martial law: https://bloom.bg/4gf6IwT
📷: SeongJoon Cho/Bloomberg
