BBC Sport visits Como to find out how the Italian city's football club, led by coach Cesc Fabregas, is looking to break up the Serie A establishment and gatecrash the Champions League.
BBC Sport visits Como to find out how the Italian city's football club, led by coach Cesc Fabregas, is looking to break up the Serie A establishment and gatecrash the Champions League.
HOUSTON, March 25, 2026--XGS and Baker Hughes announce a strategic collaboration and initial order for engineering services to advance XGS's 150-MW geothermal project.
HOUSTON, March 25, 2026--XGS and Baker Hughes announce a strategic collaboration and initial order for engineering services to advance XGS's 150-MW geothermal project.
James Luckey’s ordeal sheds light on the mistreatment political prisoners faced under Nicolás Maduro There were few countries James Luckey didn’t see during three years backpacking across the Americas , from Haiti and Honduras to Bolivia and Uruguay . Early last December, he set off from a budget hotel in the Brazilian Amazon hoping to fill in one of the final gaps. Luckey’s intended destination w...
James Luckey’s ordeal sheds light on the mistreatment political prisoners faced under Nicolás Maduro There were few countries James Luckey didn’t see during three years backpacking across the Americas , from Haiti and Honduras to Bolivia and Uruguay . Early last December, he set off from a budget hotel in the Brazilian Amazon hoping to fill in one of the final gaps. Luckey’s intended destination was the two-billion-year-old tabletop mountain Mount Roraima, one of the most spectacular corners of South America’s most troubled nation, Venezuela . But within hours of crossing into the border town of Santa Elena de Uairén, that plan went up in smoke. Continue reading...
Kingsoft Cloud press release ( KC ): Q4 GAAP EPS of -$0.01 beats by $0.11 . Revenue of $394.9M (+29.1% Y/Y) in-line. Revenues from public cloud services were RMB1,902.4 million (US$272.0 million). Revenues from enterprise cloud services were RMB859.0 million (US$ 122.8 million), increased by 4.5% from RMB822.3 million in the same quarter of 2024 and increased by 18.4% from RMB725.7 million last qu...
Kingsoft Cloud press release ( KC ): Q4 GAAP EPS of -$0.01 beats by $0.11 . Revenue of $394.9M (+29.1% Y/Y) in-line. Revenues from public cloud services were RMB1,902.4 million (US$272.0 million). Revenues from enterprise cloud services were RMB859.0 million (US$ 122.8 million), increased by 4.5% from RMB822.3 million in the same quarter of 2024 and increased by 18.4% from RMB725.7 million last quarter. Non-GAAP EBITDA was RMB785.2 million (US$ 112.3 million), increased by 118.3% from RMB359.7 million in the same quarter of 2024 and decreased by 5.0% from RMB826.6 million last quarter. Non-GAAP EBITDA margin was 28.4%, compared with 16.1% in the same quarter of 2024 and 33.4% in the previous quarter. More on Kingsoft Cloud Kingsoft Cloud: Partnerships Are Key To Outperformance Seeking Alpha’s Quant Rating on Kingsoft Cloud Historical earnings data for Kingsoft Cloud Financial information for Kingsoft Cloud
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we explore a HALO trade revival in private capital, Egan-Jones’ push to resume ratings of ABS and government debt, and why the Bank England wants to take its time on a groundbreaking review of private markets firms. But fi...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we explore a HALO trade revival in private capital, Egan-Jones’ push to resume ratings of ABS and government debt, and why the Bank England wants to take its time on a groundbreaking review of private markets firms. But first we ponder the challenges faced by Cliffwater as the private credit redemption rush continues. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Cliffhanger If you thought private credit executives at Blue Owl , BlackRock and Blackstone were having a tough time of late, spare a thought for Stephen and Blake Nesbitt. The father-and-son team steering a $33 billion co-investment fund through an ugly phase of redemptions hasn’t got one set of gates to worry about; it has dozens. As jittery investors race for the exits, the Cliffwater Corporate Lending Fund has become one of the biggest question marks in the $1.8 trillion industry, my colleagues Ellen DiMauro , Olivia Fishlow , Rene Ismail and Demetrios Pogkas report. The largest of its kind in private credit, CCLF invests in other funds and buys into loan deals alongside them. It is legally obliged to buy back at least 5% of its shares from its investors at set intervals, usually quarterly, at net asset value. While most under-pressure managers can lock the gates to prevent their semi-liquid funds from combusting, the Nesbitts have fewer tools to deploy to prevent a doom-loop of fire sales and markdowns. If investors keep asking to get out, Cliffwater has to find the money to release them. It could cash in some of its fund stakes to meet that demand. But Cliffwater might also find itself trapped behind a gate or two, with no guarantee of being able to redeem as much as it wants — as quickly as it might need. In the first quarter, investors looked to pull 14% from Cliffwat...
China has officially designated ci yuan as the translation for “token” – the computational units that power tools such as Claude, ChatGPT and Gemini – a move widely seen as devising a new form of global currency for the age of artificial intelligence. In Chinese, ci translates to “word,” while yuan is commonly used as a synonym for “currency”. For instance, the basic unit of the Chinese RMB is the...
China has officially designated ci yuan as the translation for “token” – the computational units that power tools such as Claude, ChatGPT and Gemini – a move widely seen as devising a new form of global currency for the age of artificial intelligence. In Chinese, ci translates to “word,” while yuan is commonly used as a synonym for “currency”. For instance, the basic unit of the Chinese RMB is the yuan, and most foreign currencies are referred to as yuan in Chinese, prefixed by their respective...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I unpack a new rule that may curb state spending and my colleague Anto Antony examines if investors are overpaying...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I unpack a new rule that may curb state spending and my colleague Anto Antony examines if investors are overpaying for the Indian Premier League. Higher Borrowing Costs There’s no peace in the Middle east yet but hope of a detente has buoyed global markets for the second day in a row. The US sent Iran a 15-point plan , which Pakistan delivered, according to people familiar with the matter. It’s unclear if Israel has signed off on President Trump’s overtures and officials in the country have said to Bloomberg they’ll continue striking Iran, which has also kept up missile and drone attacks across the region. In India, though the rupee drifted to a new record low, the benchmark stock indices have gained near 4% over two days. The stability may be fragile but it gives me the chance to look beyond the war to a new potential challenge facing state governments in India - higher costs of borrowing. Indian insurers have asked their regulator to soften a proposal that requires them to set aside capital when buying state bonds, warning it would make state debt less attractive to own. It could raise the cost of buying state bonds by 1.1% to 1.3% versus federal government bonds, reports my colleague Bhaskar Dutta, Bloomberg’s FX and rates reporter for Asia. The Insurance Regulatory and Development Authority of India’s proposal is part of its broader move to a new risk-based capital framework that aligns with global peers. But this treatment of state bonds diverges from the parity granted by the Reserve Bank of India to all government bonds. The inter-regulatory complications aside, this is simply not a good time to tinker with capital rules that may impact states more than insurers. State borrowing...
Tan Ruisong, the former boss of China’s top military aviation company, has been given a suspended death sentence for reaping over 613 million yuan (US$89 million) from bribes and insider trading. Tan, 64, was the chairman and Communist Party secretary of state-owned Aviation Industry Corp of China (AVIC) – China’s leading military aircraft maker – from 2018 until his retirement in March 2023. He i...
Tan Ruisong, the former boss of China’s top military aviation company, has been given a suspended death sentence for reaping over 613 million yuan (US$89 million) from bribes and insider trading. Tan, 64, was the chairman and Communist Party secretary of state-owned Aviation Industry Corp of China (AVIC) – China’s leading military aircraft maker – from 2018 until his retirement in March 2023. He is one of the most prominent defence sector executives to come under investigation in President Xi...
Granola Inc. , a startup whose artificial intelligence software has been gaining traction as a notetaking tool among Silicon Valley workers, is raising $125 million at a $1.5 billion valuation, led by Index Ventures . Index partner Danny Rimer will join Granola’s board as an observer. Kleiner Perkins is also participating in the funding round, alongside existing investors including Lightspeed Vent...
Granola Inc. , a startup whose artificial intelligence software has been gaining traction as a notetaking tool among Silicon Valley workers, is raising $125 million at a $1.5 billion valuation, led by Index Ventures . Index partner Danny Rimer will join Granola’s board as an observer. Kleiner Perkins is also participating in the funding round, alongside existing investors including Lightspeed Venture Partners and Spark Capital. Granola’s product transcribes conversations and uses AI to turn rough-draft meeting notes into complete summaries. Chief Executive Officer Chris Pedregal said that many of its corporate customers, which include companies like Cursor and Gusto, have adopted the technology after individual employees started using it. Something similar happened at Index, Rimer said: Multiple people at the firm were using the technology by the time he considered investing. As of mid-March, Granola’s revenue had grown by 2 1/2 times since the beginning of the year, Pedregal said, declining to disclose specific revenue figures. Alongside the funding, the startup is launching new features for its app, including integrations with AI coding tools like Anthropic PBC’s Claude Code, as well as team workspaces where employees can pool their notes. Granola’s next act, Pedregal said, will be to introduce agentic AI features to allow users to perform tasks using the information they’ve gathered in the startup’s note files. While the CEO declined to share specifics about the plans, he said he expects the integrations within the next year. The company’s agentic AI ambitions were “paramount” in Index’s decision to invest in Granola, Rimer said. Founded in 2023, five years after Pedregal sold his last AI startup to Google, Granola now has about 55 employees. “It’s obvious our team is too small for what we want to achieve,” Pedregal said. But he said the startup is being careful about how quickly it hires, since it’s not clear yet how AI will change workforce needs in the long ru...
Vegetables take centre stage in this relaxed menu of cheesy asparagus loaf, mushroomy filo tart with a chilli crisp crust, punchy feta salad, and a no-bake strawberry matchamisu Vegetables are in my blood. I grew up surrounded by them; boxes upon boxes scattered around my childhood home, a perk from my father’s job as a wholesale purveyor (of bananas, specifically) at Sydney’s Flemington Markets (...
Vegetables take centre stage in this relaxed menu of cheesy asparagus loaf, mushroomy filo tart with a chilli crisp crust, punchy feta salad, and a no-bake strawberry matchamisu Vegetables are in my blood. I grew up surrounded by them; boxes upon boxes scattered around my childhood home, a perk from my father’s job as a wholesale purveyor (of bananas, specifically) at Sydney’s Flemington Markets (now known as Sydney Markets). Our family enjoyed an embarrassment of nature’s riches; an endless supply of succulent Asian greens, rotund cauliflowers, glossy aubergine, perky spring onions, and bulging cabbages that overflowed from crates in and around the kitchen and dining room. We needed to step over trays of stone fruit and cartons of oranges to get to the bathroom. In the summer, I gorged on apricots and cherries until I was sick (true story) – I had no self-control when it came to the fresh stuff. This overindulgence ended abruptly when my father died when I was 15. The endless parade of fresh vegetables and fruits ceased but my deep connection with vegetables lives on. Today, chopping a head of broccoli, peeling a carrot or charring a wedge of cabbage makes me feel closer to my dad. It is a daily ritual that keeps his memory alive. The sense of feeling alive is never more present than during the transition from winter. Spring, or chūn as it’s called in Cantonese, is actually the first season of the Chinese Lunar Year and somehow, that feels fitting for how we should approach eating during this time of year. As the brisk air thaws and the skies lift, the feeling of renewal and new beginnings punctuates my approach to cooking and feeding others. Bright acidity, twists on classic dishes, and pantry staples used in unexpected ways. Spring is the time to be bold, take risks in the kitchen and reawaken your tastebuds. Continue reading...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra's first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he's been gone, Meta's obsession has moved away from VR and toward the la...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra's first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he's been gone, Meta's obsession has moved away from VR and toward the latest industry craze: artificial intelligence. Meta brought back Barra this week as part of its recent effort to bulk up in AI and to avoid getting left behind by rivals like Google and OpenAI. Barra is returning along with his colleagues at Dreamer, which he co-founded in 2024. Leaders include CEO David Singleton, previously Stripe's tech chief, and co-founder Nicholas Jitkoff, formerly senior design director at Figma . Barra will be working in Meta's Superintelligence Labs, led by former Scale AI chief Alexandr Wang, who joined the company last year as part of a $14.3 billion investment in Scale after the disappointing release of Meta's Llama 4 family of AI models. While Meta is planning for up to $135 billion this year in capital expenditures, mostly tied to AI infrastructure, the company has yet to land on a strategy to compete with the creators of the leading AI models, namely OpenAI, Anthropic and Google. Dreamer has been targeting the red-hot area of AI agents, and a month ago debuted the beta version of its core product, which Barra described as a "new operating system for AI agents and agentic apps." "We knew this would require completely rethinking today's computing platforms," Barra, who previously spent more than five years at Google, wrote in a LinkedIn post in February. "So we took a few pages from our past work on things," he wrote, citing mobile operating systems Symbian and Android, as well as ChromeOS and the software behind Oculus VR headsets, now branded as Quest. The latest platform shift involves AI agents, and in recent months developers have flocked t...
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won't be much left for other startups. Harvey would like a word. On Wednesday, the legal AI company announced it'...
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won't be much left for other startups. Harvey would like a word. On Wednesday, the legal AI company announced it's raised $200 million in fresh capital at a valuation of $11 billion. The company is among a growing crop of startups focused on deploying the latest AI technology in specialized and complex markets. Founded in 2022, Harvey offers AI tools for legal and professional services that can streamline contract analysis, compliance, due diligence and litigation. The company's products are used by more than 100,000 lawyers across 1,300 organizations, according to a release. Singapore's GIC and Sequoia led the financing, which closed just months after Harvey raised funds at an $8 billion valuation in December. Sequoia has now led three of Harvey's funding rounds, "the ultimate sign of conviction," according to Pat Grady, a partner at the venture firm. . "They sort of wrote the playbook for what it means to be an AI-native application company, which is the same thing Salesforce did back in the day with the cloud transition," Grady told CNBC in an interview. Grady said that because model capabilities are improving so quickly, trying to apply them in real-world situations is a bigger undertaking than it has been for software companies in the past. There's a lot of craft, taste and judgment that goes into determining how to use AI to achieve a particular job, he said. Harvey CEO Winston Weinberg is a former lawyer who co-founded the startup with Gabe Pereyra, a former research scientist at Google DeepMind and Meta . The pair launched the company after experimenting with OpenAI's GPT-3 model, which came out before ChatGPT. Clients include global law firms and large enterprises like NBCUni...
“Enterprises cannot vibe operate,” declares Madhav Thattai, GM and EVP of Salesforce AI, on this episode of Bloomberg Intelligence’s Tech Disruptors podcast. Thattai and BI senior technology analyst Anurag Rana discuss why Salesforce thinks the “SaaSpocalypse” narrative misses how agents change outcomes and how the company is trying to measure that shift with Agentic Work Units (AWUs) — a way to t...
“Enterprises cannot vibe operate,” declares Madhav Thattai, GM and EVP of Salesforce AI, on this episode of Bloomberg Intelligence’s Tech Disruptors podcast. Thattai and BI senior technology analyst Anurag Rana discuss why Salesforce thinks the “SaaSpocalypse” narrative misses how agents change outcomes and how the company is trying to measure that shift with Agentic Work Units (AWUs) — a way to track work performed rather than just token inputs. Thattai outlines Salesforce’s four-part agentic e
Private markets are becoming an increasingly important frontier for sustainable investing, with mounting interest among allocators and a rapidly evolving landscape. But where are the real opportunities — and how can investors separate substance from storytelling? In this episode of ESG Currents, Northern Trust Asset Management’s head of multi-asset custom solutions, Dee Sharma, joins Bloomberg Int...
Private markets are becoming an increasingly important frontier for sustainable investing, with mounting interest among allocators and a rapidly evolving landscape. But where are the real opportunities — and how can investors separate substance from storytelling? In this episode of ESG Currents, Northern Trust Asset Management’s head of multi-asset custom solutions, Dee Sharma, joins Bloomberg Intelligence Senior ESG Analyst Shaheen Contractor to explore how sustainability is evolving in private