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EXCLUSIVE: China is considering suspending its 125% tariff on US imports for some goods as the trade war drives up costs. https://bloom.bg/4cM5rNb
Bloomberg.com
China Weighs Exempting Some US Goods From Tariffs as Costs RiseChina’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.
Singapore faces a delicate balancing act as it tries to narrow its wealth gap by raising taxes on the uber-rich, without driving them away. Some local tycoons are unnerved by the moves. https://bloom.bg/4cQU06X
📷: Catherine He/Getty Images
🚨 LIVE NOW: India is pulling ahead of other Asian countries in Trump's trade war, both politically and economically. Is the nation having its moment and getting prioritized by the US? Bloomberg’s Dan Strumpf, Sudhi Ranjan Sen, Shruti Srivastava, Ruchi Bhatia answer your questions in a Live Q&A. https://bloom.bg/42t6Oge
Criminals are manipulating Japan's market to drive up penny stocks around the world, with losses reaching $710 million since it started in February, and shows no signs of cresting. https://bloom.bg/4lJQjDP
📷: Kiyoshi Ota/Bloomberg
India looks open to lowering its up to 110% tariffs on automobiles for the first time in decades as the world rewires its supply chains and trade alliances amid Trump’s latest brinkmanship. https://bloom.bg/42UYypb
📷: PTI/AP Photo
A trade war between the US and China, the world’s two largest economies, has caught this Southeast Asian nation in the crossfire. https://bloom.bg/4jI1meZ
📷: Thong Vu/Bloomberg
🎙️ China's Pop Mart is one of the hottest stocks this year, thanks to its viral Labubu dolls and other blind box toys.
Listen to the Big Take Asia Podcast to find out how it’s thriving despite an escalating trade war with the US: 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.
Intel is set to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter. Read more: https://bloom.bg/3Yd31ky
📷: David Paul Morris/Bloomberg
Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of Vedanta, his metals-to-energy conglomerate. The move is aimed at trimming the group’s $11 billion debt pile. Read more from our exclusive interview: https://bloom.bg/42AYQQU
📷: Aaron M. Sprecher/Bloomberg
Gold rose to a record as concern that President Donald Trump could fire Federal Reserve Chair Jerome Powell triggered a flight from US stocks, bonds and the dollar. Read more: https://bloom.bg/4iqMzEo
Bloomberg.com
Gold Surges to Record as Trump Ramps Up Threats on Fed’s PowellGold rose to a record as concern that President Donald Trump could fire Federal Reserve Chair Jerome Powell triggered a flight from US stocks, bonds and the dollar.
BREAKING: Pope Francis, who encouraged Catholics to embrace a more compassionate view on many issues but found it difficult to close the book on past abuses by clergy, has died at 88. https://bloom.bg/4jhHwY6
📷: Tiziana Fabi/Getty Images
Hong Kong has been struggling with a property downturn for years. Now, a clutch of new mansions is about to test whether one of the world’s most expensive neighborhoods can still command peak prices. https://bloom.bg/3G9fuzq
📷: Lam Yik/Bloomberg
🎙 For decades, the Kwek family in Singapore looked like a model of a successful family-run business – until an explosive lawsuit shattered that image.
Find out what’s behind the feud that rocked the city-state’s richest clan 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.
YouTube's CEO was promised the platform would be exempt from Australia's youth social media ban, according to documents obtained under freedom-of-information laws. Read more here: https://bloom.bg/3EiUANT
📷: Lam Yik/Bloomberg
Vietnam’s economy boomed after Trump’s first trade war with China — but now its infrastructure is scrambling to catch up. New factories need roads, and roads need sand. The country is importing massive amounts from Cambodia to keep pace. https://bloom.bg/3RQBFgp
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🎙 What Australia's A$4.2 trillion superannuation sector wants to see from leaders this election - and how it's navigating Trump's trade chaos.
Listen to this week's Bloomberg Australia Podacst here: https://bloom.bg/3ZE5WEl
Bloomberg
The Bloomberg Australia Podcast - BloombergBloomberg's Rebecca Jones and our journalists lift the lid on the biggest business stories shaping Australia
A recent feud inside Singapore’s richest family exposed a surprising rift between its 84-year-old patriarch Kwek Leng Beng and his son Sherman Kwek.
Behind the scenes, tensions were simmering for years. Read The Big Take: https://bloom.bg/4jrBzaI
📷: Photo illustration by Mr. Nelson Design
BREAKING: China orders its airlines to halt any further deliveries of Boeing jets as trade war with the US expands. https://bloom.bg/3RNsqgT
Bloomberg.com
China Orders Halts to Boeing Jet Deliveries as Trade War ExpandsChina has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.
EXCLUSIVE: Once among China's top shadow lenders, Zhongrong now stares at liquidation after missing billions of dollars in payments. https://bloom.bg/3RksIvM
📷: Bloomberg
Some major public institutions in Canada, including a pension management firm and a leading hospital, are advising staff against traveling to the US. Read more here: https://bloom.bg/3GbcPFB
📷: Andrej Ivanov/AFP/Getty Images
