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The story behind the kidnapping and disappearance of a Malaysian tycoon's wife in broad daylight — recounted from court filings, press statements and local media reports — left the nation stunned. Read more here: https://bloom.bg/3H2OhiQ
📷: Samsul Said/Bloomberg; Courtesy of the family’s lawyer
🎙️ China has launched construction on a $167 billion Mega-Dam in Tibet.
On today’s Big Take Asia podcast: What the controversial project could mean for its neighboring countries and Beijing’s energy ambitions: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take AsiaWe’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
Air India Flight AI 171 was airborne for just 32 seconds on June 12 before disaster struck. But the key to unlocking what brought down Boeing’s most advanced jetliner may lie in a chilling 10-second gap buried in the crash probe’s timeline. Read more here: https://bloom.bg/453aeWO
Illustration: Christian Capestany, 📷: Bloomberg
🎙️ Top EU leaders are headed to Beijing this week, for a major summit that could reshape relations between China and Europe for years to come.
On today’s Big Take Asia podcast: how Trump’s trade war is recalibrating geopolitical ties: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take AsiaWe’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
BREAKING: Trump says the US has reached a trade deal with Japan, setting a 15% tariff on Japanese goods. Read more here: http://bloom.bg/450iFCu
Bloomberg.com
Trump Says Japan Deal Reached With Tariff Rate Set at 15%President Donald Trump said he reached a trade deal with Japan that will see the key American ally invest $550 billion into the US and will see the US set tariffs on Japanese imports at 15%.
It's a privately controlled company so clandestine that it doesn’t publicly identify a leader at the top. A staffer who once tried to track down an email list of governing partners recalled giving up, learning that Jane Street doesn’t want something like that circulating, not even to people working there.
Now rivals are picking its money-making secrets apart after a regulator in India announced a bombshell $564 million seizure of proceeds from what Jane Street once labeled its most profitable trading strategy. Read more here: https://bloom.bg/4ffZ465
📷: Jane Street
The Late Show with Stephen Colbert will air its last episode in May of next year, marking the end of the late-night franchise, Paramount Global’s CBS network said https://bloom.bg/45a4T1d
📷: Scott Kowalchyk/CBS/Getty Images
A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state’s otherwise stratospheric property market.
The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter. More here: https://bloom.bg/44R3MSR
📷: IOI Properties Group Berhad
Larry Ellison is the world’s second-wealthiest person for the first time ever, according to the Bloomberg Billionaires Index, as a red-hot rally in Oracle’s share price has catapulted his net worth to $251.2 billion. Read more here: https://bloom.bg/4549amK
📷: David Paul Morris/Bloomberg
Fired. Reinstated. He still doesn't know why.
One US Centers for Disease Control and Prevention official on what it's like to work for the agency under Donald Trump: https://bloom.bg/4lRRBvL
📷: David Ryder/Bloomberg
The secretive family behind Tetra Pak has been quietly amassing billions in stocks across the globe.
The scale of these bets, which hasn’t previously been reported, highlight the growing sophistication in how some of the world’s richest families manage their money. Read more here: https://bloom.bg/4kFxAYk
📷: Mike Egerton/PA Images/Getty Images
🎙 A leaked phone call between Thailand’s Prime Minister Paetongtarn Shinawatra and Cambodia’s Hun Sen set off a dramatic chain of events that could reshape Thai politics.
Find out more on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take AsiaWe’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
BREAKING: China’s economy held steady in the second quarter as exports shifted to markets outside the US.
Follow our live coverage: https://bloom.bg/4lQ5Pxd
Bloomberg.com
China’s Exports Drive GDP Beat as Retail Sales LagChina to Release Q2 GDP and Key Economic Data: Live Updates
Tesla is opening its first India showroom as Elon Musk’s electric-vehicle maker looks to ply new markets and offset slowing sales where it’s already well established. More here: https://bloom.bg/44ujSmp
Bloomberg.com
Tesla’s Long-Awaited India Debut Bets on Luxury Vehicle BuyersTesla Inc. is opening its first India showroom as Elon Musk’s electric-vehicle maker looks to ply new markets and offset slowing sales where it’s already well established.
LATEST: President Trump said the US will send Ukraine more Patriot missiles, which Kyiv has said it needs to protect itself from Russian airstrikes. Read here: https://bloom.bg/44MsL9U
Bloomberg.com
Trump Says He Plans to Send Patriot Missiles to UkrainePresident Donald Trump said the US will send more Patriot air-defense batteries to Ukraine, which Kyiv has said it needs to protect itself from Russian airstrikes.
🎙 Mahathir Mohamad, Malaysia’s longest-serving prime minister, turned 100 this week.
Bloomberg’s Mishal Husain asked the former leader about aging, US tariffs and Beijing's tactics in the South China Sea.
Listen to interview on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take AsiaWe’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
Meta has made unusually high compensation offers to new members of its "superintelligence" team — including a more than $200 million package for a former Apple distinguished engineer.
Apple didn’t try to match the offer, as it far exceeds pay at the company for leaders other than CEO Tim Cook. More here: https://bloom.bg/4ktU7HG
📷: David Paul Morris/Bloomberg
Singapore students face intense interviews and grueling workloads just to join campus finance clubs —all in the hope of securing increasingly scarce banking jobs. Read more here: https://bloom.bg/3GrxCoT
📷: Shannon Chong
NEW: Thailand is known for its scenic beaches, Buddhist temples, and vibrant nightlife.
However, it also serves as a cautionary tale of a society where democratic institutions crumble, leaving oligarchs to fight it out. Read The Big Take: https://bloom.bg/4lkOjBm
📷: Seksan Rochanametakul/SOPA Images/LightRocket via Getty Images
🎙 A Bloomberg investigation shows China is building data centers in the remote Xinjiang region to fuel its AI ambitions — and looking to buy 115,000 Nvidia chips banned by the US to power them.
Listen to the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take AsiaWe’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
