Page 2 - Bloomberg

Elon Musk to visit China this weekend with possible Tesla plant stop

Musk is travelling with Tom Zhu, who was named Tesla's senior vice president of automotive this month

China holds military drills around Taiwan after Prez Tsai's US visit

The Taiwan leader had urged Beijing not to overreact before her departure from Los Angeles on Thursday

US bank lending declines by most on record in final weeks of March

The Fed's report showed that by bank size, lending decreased $23.5 billion at the 25 largest domestically chartered banks in the latest two weeks

McDonald Corp reduces some employees' compensation, titles amid job cuts

McDonald's closed its offices for a few days earlier this week to have career conversations with all corporate employees, including those being let go

Asian banks lure investors with safety amid US-led banking turmoil

Economists say one factor working in favour of Asia-Pacific is generally softer pivot in monetary policy, with central banks in Australia, S Korea, Indonesia and India pausing their tightening cycles

China's Nasdaq-style index of tech stocks is on a tear in 2023

The tech-heavy Star 50 Index has rallied 19% this year, beating the 5.8% advance in the benchmark CSI 300 Index and the 7.2% rise in the broader Shanghai Composite Index

Jaguar Land Rover's cash flow expectations of £500 mn hit by chips fallout

The global semiconductor shortage has undermined the luxury carmaker's turnaround as it struggles to work through a debt reduction plan

India confronted Myanmar about Chinese spy post on remote island

In the meetings, representatives from Myanmar's ruling junta denied any Chinese involvement and dismissed India's concerns, according to an official

Toyota to sell 1.5 mn electric vehicles by 2026, roll out 10 new models

Toyota said it will release 10 new EV models by 2026 and sell 1.5 million battery electric vehicles annually

Alibaba invites users to test its in-house ChatGPT-like AI Chatbot

Alibaba's cloud computing unit is offering invitation codes to some corporate customers so they can try out the large language model called Tongyi Qianwen

Motherhood no hurdle to leadership: Ex-New Zealand PM Ardern quits politics

"I leave knowing I was the best mother I could be," Ardern said in her valedictory speech to parliament

Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon

The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said

It's big vs small as banks square off to avoid new rules after failures

Before the collapse of Silvergate Capital Corp and other regional institutions, bigger banks were steeling themselves for more regulations since Michael Barr took over as the Fed's No. 2 official

34 rockets fired into Israel from Lebanon, most sustained attack since 2006

At least 34 rockets were fired into northern Israel from Lebanon, of which 25 were successfully intercepted, according to the latest information from the Israeli army

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups

Biden is set to propose toughest-ever rules on car pollution to spur EVs

Limits on car pollution are key to helping the US meet its Paris Agreement commitment to slash greenhouse gas emissions by at least 50% from 2005 levels by the end of the decade

BlackRock Inc to sell $114 billion in securities of failed banks'

BlackRock's Financial Markets Advisory Group was established in 2008 to provide advice to governments, central banks and financial institutions

US jobless claims show emerging cracks in a strong labour market

Initial unemployment claims were 228,000 in the week ended April 1, Labor Department data showed Thursday

Covid-19 is still deadlier for patients than influenza, finds study

Covid has frequently drawn comparisons with influenza, another viral respiratory disease, including by former US president Donald Trump

Households in India expect inflation to moderate, find RBI surveys

Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said