Sydney’s new A$5.6 billion (US$4 billion) airport will open to passengers in October after more than a decade of planning, adding red-eye flight options from Australia’s largest city as the existing hub operates under night curfew restrictions. The current airport, located closer to Sydney’s central business district, can host take-offs and landings only until 11pm and after 6am due to tough n...
Sydney’s new A$5.6 billion (US$4 billion) airport will open to passengers in October after more than a decade of planning, adding red-eye flight options from Australia’s largest city as the existing hub operates under night curfew restrictions. The current airport, located closer to Sydney’s central business district, can host take-offs and landings only until 11pm and after 6am due to tough noise regulations, limiting airline scheduling options relative to other major Australian cities like...
Paul Chan, Financial Secretary, Hong Kong Special Administrative Region of the People's Republic of China told Bloomberg’s Yvonne Man that legitimate inflows are still being encouraged when he was asked about Beijing’s recent crackdown on cross border capital flows at Bloomberg Invest 2026 in Hong Kong. (Source: Bloomberg)
Paul Chan, Financial Secretary, Hong Kong Special Administrative Region of the People's Republic of China told Bloomberg’s Yvonne Man that legitimate inflows are still being encouraged when he was asked about Beijing’s recent crackdown on cross border capital flows at Bloomberg Invest 2026 in Hong Kong. (Source: Bloomberg)
Japan’s 30-year government bond auction drew the weakest demand since June 2025 as a decline in yields dented investor appetite, with concerns over inflation and fiscal policy weighing on sentiment. The country’s bond futures extended declines after Wednesday’s sale. The bid-to-cover ratio fell to 2.94 compared with 3.49 at the previous auction and a 12-month average of 3.4. Inflation worries stem...
Japan’s 30-year government bond auction drew the weakest demand since June 2025 as a decline in yields dented investor appetite, with concerns over inflation and fiscal policy weighing on sentiment. The country’s bond futures extended declines after Wednesday’s sale. The bid-to-cover ratio fell to 2.94 compared with 3.49 at the previous auction and a 12-month average of 3.4. Inflation worries stemming from the Middle East war have weighed on government debt globally, with the risks amplified in Japan by concerns about fiscal policy and the Bank of Japan’s cautious approach to rate hikes. The nation’s 30-year yield last month hit its highest since its debut, but has eased back slightly since then. “The auction was likely weak due to the sharp drop in yields yesterday, which reduced the attractiveness of the tenor,” said Miki Den , a senior interest-rate strategist at SMBC Nikko Securities Inc. “The decline in super-long yields has likely run its course for now, and investors may become increasingly reluctant to buy if yields fall much further.” Investors are betting that the BOJ needs to raise rates soon to combat inflation and curb the yen’s weakness. Central bank officials are set to consider a quarter-percentage-point increase to the benchmark interest rate this month and see the possibility of a further rate hike later this year, according to people familiar with the matter. Prime Minister Sanae Takaichi’s preference for monetary easing is seen as a potential hurdle for the BOJ in raising rates. Investors are also focusing on Takaichi’s efforts to control the nation’s finances as they await details on a potential sales tax cut as well as the government’s annual fiscal policy guidelines. What Bloomberg strategists say: That’s a weak result for the Japanese 30-year bond auction with the bid-to-cover ratio under 3 for the first time in a year and a noticeably wider tail. JGB futures are extending declines as Asian investors continue to look hesitant ahead of the ris...
Meta Platforms Inc. is partnering with Reliance Industries Ltd. to build its first AI data center in India, adding to a wave of investment in tech infrastructure globally. As part of the deal, tycoon Mukesh Ambani ’s Reliance will build a 168-megawatt data center in Jamnagar — where it also runs the world’s largest single-site oil refinery — that Facebook’s parent will lease, the companies said in...
Meta Platforms Inc. is partnering with Reliance Industries Ltd. to build its first AI data center in India, adding to a wave of investment in tech infrastructure globally. As part of the deal, tycoon Mukesh Ambani ’s Reliance will build a 168-megawatt data center in Jamnagar — where it also runs the world’s largest single-site oil refinery — that Facebook’s parent will lease, the companies said in a statement on Wednesday. The two companies did not offer more details on the project, which has an option to expand over time. India is attracting growing investment from major tech firms, including a combined $52 billion from Amazon.com Inc. and Microsoft Corp. this year, underscoring the country’s rising status as a key growth market. Much of that is going into the infrastructure India urgently needs to develop and operate AI services, which will be key to fulfilling the government’s vision of building an industry to keep pace with the US and China. Read More: Modi’s High-Stakes Push for Sovereign AI Faces Reality Check In another major deal unveiled this year, OpenAI partnered with Indian conglomerate Tata Group to build a data center starting at 100MW of capacity, with plans to scale up to 1 gigawatt. At the upper end, a 1GW facility can cost between $35 billion and $50 billion. The Meta-Reliance tie-up boosts the relationship that began around 2020 when the Menlo Park, California-headquartered firm made a $5.7 billion investment in Jio Platforms , the tech and telecoms arm of the Indian conglomerate. “This world-class facility in Jamnagar will help us scale our AI infrastructure globally while deepening our long-term investment in India’s economy,” Meta Chief Executive Officer Mark Zuckerberg said in the statement.
Sign up for the daily India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise. Indian startup Addverb Technologies Ltd. is seeking to raise more than $100 million, trying to cement its role as the country’s top maker of robots. Addverb, whose robots handle sorting, material movement and other tasks at lo...
Sign up for the daily India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise. Indian startup Addverb Technologies Ltd. is seeking to raise more than $100 million, trying to cement its role as the country’s top maker of robots. Addverb, whose robots handle sorting, material movement and other tasks at logistics firms, warehouses and electronics companies, is scouting for more capital after expanding in markets including the US, the Netherlands and Australia, Chief Executive Officer Sangeet Kumar said. The startup is investing in new technologies as it eyes growth in areas such as humanoid robots and prepares for a stock market debut in a few years, he said. The startup faces much bigger rivals from countries such as China, Japan, and the US, yet Kumar is betting there’s room for an Indian contender in the rapidly developing industry. Backed by billionaire Mukesh Ambani ’s Reliance Industries Ltd. , Addverb has won over several Indian corporations as customers and now is setting its sights further. “We want to be in the top 10 in the next 5 years and top 5 in the next 10 years,” Kumar, 46, said in an interview at one of Addverb’s two factories on the outskirts of New Delhi. The company estimates it currently ranks just outside the global top 30 in robotics market share by revenue. Read More: Asia’s Richest Man Joins Race for Human-Like Robots The fundraising marks Addverb’s first such major effort since 2021, when it secured $132 million from Reliance, which now owns a controlling stake in the firm. Founders and employees own about a fifth of the company. It’ll use the fresh capital mainly to develop products such as humanoid and quadruped robots, collect data and build artificial intelligence systems to train sophisticated machines. The company sees a major growth opportunity in humanoids, a swiftly emerging market where companies from Unitree Robotics to Tesla Inc. ’s Opt...