Page 7 - Bloomberg

Biden to curb China growth for chipmakers getting federal funds

The $50 billion CHIPS and Science Act will bar firms that win grants from expanding output by 5 per cent for advanced chips and 10 per cent for older technology

Swiss are on the hook for $13,500 each on Credit Suisse bailout

Govt to make as much as 109 billion Swiss francs available - a burden on the nation of 8.7 million

Apple seeks reform to India's labor laws to diversify beyond China

Apple is seeking changes in India's labor laws as part of its effort to expand local production, and regional govts are yielding to its request as they are eager to snatch iPhone assembly from China

Neo to partner with OpenAI, Microsoft to give free software, advice to cos

The startups also will get access to researchers and mentors at Microsoft and OpenAI

HZL to pay Rs 10,990-crore interim dividend at 1,300% of face value

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share, according to an exchange filing Tuesday

UBS on track for biggest gain since Mar 2020 post Credit Suisse takeover

UBS Group AG jumped as much as 10%, on track for its biggest gain since March 2020, as investor optimism about the takeover of its largest rival gathered pace

Emirates asks India for Open Skies accord amid rising demand, competition

Emirates President urged India to embrace a so-called Open Skies accord with the airline's home country that would give carriers greater access to each other's market, amid rising competition

Credit Suisse crisis likely to make rich Indians wary of wealth managers

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

Credit Suisse collapse reveals ugly truths about Switzerland for investors

In the race to secure UBS Group AG's purchase, the govt invoked the need for stability and emergency legislation to override two key aspects of open markets: competition law and shareholder rights

New York tops the list of world's most expensive cities for business travel

The US dominated the ranking overall, with Washington DC and San Francisco both making the top five on the leaderboard, while Switzerland chimed in with Geneva and Zurich

US officials study ways to guarantee all bank deposits if crisis expands

One legal framework under discussion for expanding FDIC insurance would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund, the people said

Covid report based on China samples puts suspicion back to animal origins

In some samples there was more animal genetic material than human genetic material indicating possible SARS-CoV-2 infections in animals, the report says

Credit Suisse bankers seek new jobs, flood headhunters with calls

"If they aren't going to CSFB they will have to be emigrated into UBS fixed-income, which is a much smaller business than Credit Suisse," a headhunter said in an interview

India's steadying economy shows early signs of weakening consumption

Economic expansion may be under pressure as the "full-blown impact" of the Reserve Bank of India's 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the

Sir Lanka's world-beating bonds pin hopes on IMF billions: Report

The nation's dollar bonds have returned 20 per cent this year, the top performers

US banking turmoil: Wipeout of risky bonds upends $275-billion market

UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover

Putin tells Xi Jinping: Will discuss China's peace proposals for Ukraine

The trip to Moscow marks Xi's most ambitious attempt yet to play the role of peacemaker as he seeks to broker an end to Russia's war in Ukraine

All social media platforms have TikTok-like risks, says transparency group

All of these platforms have "force-fed children dangerous and harmful content with predatory algorithms, said the group

Air India confident on funding for world's biggest aircraft deal

With the fleet expansion, Air India is seeking to take on the likes of Emirates and Qatar Airways, which dominate lucrative routes from India to the US and Europe through their hubs in Doha and Dubai

New Starbucks CEO Laxman Narasimhan takes reins early from Howard Schultz

Narasimhan, 55, has also joined the company's board of directors, Starbucks said in a statement