Indonesia Maps Out Plan for Builders With $8.6 Billion of Debt
Indonesia wants to return its state builders to solid footing after a decade-long spending spree saddled them with debt they’re now struggling to repay. #press
Eskom Latest: Utility ‘Confident’ Nuclear Unit Fixed by November
South Africa’s Eskom Holdings SOC Ltd. expects to finish maintenance on the first of two units at its 1,940-megawatt Koeberg nuclear plant in November after delays doubled the time it’s taking to complete the work. #press
Big Take News Wrap: 2024. Black Sea. Global Economy (Podcast)
Source: Bloomberg, 28:06 #press
‘Ticking Time Bomb:’ The Bloomberg Close, Asia Edition
Good afternoon. Here’s what you need to know to end your day. #press
Our Best Reads of the Week
It seems just about everyone is talking about Ozempic lately. #press
UBS Exits Rescue Deal (Podcast)
Source: Bloomberg, 16:46 #press
https://www.bloomberg.com/news/audio/2023-08-11/ubs-exits-rescue-deal-podcast?utm_source=press.coop
Washout July Sends Brits to Sunnier Climes: The London Rush
The wet July spurred many Britons to fly to sunny destinations, London’s Heathrow airport said this morning. But overall passenger numbers were still lower than pre-pandemic levels as cost-of-living pressures weighed on wallets. #press
UBS Ends Loss Protection Agreement With Swiss Government
UBS Group AG ended an agreement with the Swiss government to cover losses it could incur from the rescue of Credit Suisse. #press
UK GDP Blues: The Bloomberg Open, Europe Edition
Good morning. UK GDP growth is expected to have flatlined in the second quarter. Iran moves US prisoners in a potential swap deal. And it’s the passengers who are expected to pay the trillions needed for the airlines’ green transition. #press
Meet the Programmer Behind a Car Browser Elon Musk Might Actually Like
Jon von Tetzchner’s Vivaldi has made its way onto the screens of Polestar and Mercedes models. #press
Next China: A Deflation Gift
Hello, this is James Mayger in Beijing. #press
The Hard Landing Is Here for Trade, Roiling World Export Champs
As economists gauge the likelihood of recessions in major economies around the world, a slew of recent data show that a downturn is already evident when it comes to global commerce. #press
FinnCap and Cenkos Names Set to Disappear From City of London
London brokers FinnCap Group Plc and Cenkos Securities Plc are planning to ditch their names when they complete a merger aimed at surviving tough market conditions. #press
Can Three Magic Words Work for Embattled Telecoms Tycoon Patrick Drahi?
The entrepreneur says he’ll do “whatever it takes” to stabilize his empire amid a corruption probe. Radical solutions may be needed. #press
South African Expats Are Flocking to This Tiny Island in the Middle of the Irish Sea
The tiny Isle of Man is becoming a popular destination for South African professionals #press
Herbert Siegel, Hollywood ‘White Knight’ Dealmaker, Dies at 95
Herbert Siegel, who turned boatmaker Chris-Craft Industries Inc. into a media company that he later sold to Rupert Murdoch’s News Corp. for more than $5 billion, has died. He was 95. #press
Daniel Lam on the Markets (Radio)
Source: Bloomberg, 5:14 #press
Catherine Lim on Alibaba Earnings (Audio)
Source: Bloomberg, 5:05 #press
Alibaba Takes a Step Toward Comeback as Growth Returns
Alibaba Group Holding Ltd. shares jumped in US trading. China's tech giant returned to growth across all its main divisions. The online shopping leader reported a better-than-expected 14% rise in revenue during a quarter when the world’s No. 2 economy struggled to gain momentum after years of Covid Zero... #press
Ares-Led Group Provides $521 Million Loan for InvoCare Buyout
TPG Inc. has lined up a group of private credit funds led by Ares Management Corp. to help finance its acquisition of Australian funeral home operator InvoCare Ltd., according to people with knowledge of the matter. #press
