Analysis-A strong El Nino may be imminent. Climate change will make its effects worse
Wendy Stewart, president of Global Commercial Banking at Bank of America, said that middle market businesses are driving the economy right now, driving growth and hiring and firing amid an uncertain economic environment.
Stewart also said that global supply chains still exist, but that businesses have to be flexible given the geopolitical landscape. (Source: Bloomberg)
A data center tied to CoreWeave Inc. raised $900 million from a high-yield note offering, joining a wave of junk issuers tapping debt markets to fund artificial intelligence infrastructure.
“I’m confident that I will never exceed the lifetime gift-tax exemption.”
Berkshire Hathaway is buying Alphabet’s stock at a discount as part of a newly announced equity offering.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Philip Morris International Inc. cut its profit forecast for this fiscal year after writing down the value of its investment in its Canadian affiliate by $500 million.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Goldman Sachs Group Inc. is working on a potential initial public offering of a Kuwaiti online beauty and fashion retailer, a deal that could mark the Wall Street bank’s first listing mandate in the Gulf nation as it seeks to expand there.
Rolls-Royce’s turnaround made Tufan Erginbilgiç one of the most closely-watched CEOs in Europe. He tells Bloomberg’s Francine Lacqua that UK companies don’t need to move to the US to be successful. The segment is part of his interview on Leaders With Francine Lacqua. (Source: Bloomberg)