Intel is quietly manufacturing chips for Apple's iPhones, iPads, and Macs — but only legacy and mid-range processors, not the advanced silicon TSMC still dominates.
Intel is quietly manufacturing chips for Apple's iPhones, iPads, and Macs — but only legacy and mid-range processors, not the advanced silicon TSMC still dominates.
Italian Prime Minister Giorgia Meloni asked the European Commission to extend greater latitude within European Union budget rules to measures aimed at tackling rising energy costs. Italy’s government is seeking to include investments and extraordinary measures to address the energy crisis in the so-called national safeguard clause, according to a letter Meloni sent to European Commission President...
Italian Prime Minister Giorgia Meloni asked the European Commission to extend greater latitude within European Union budget rules to measures aimed at tackling rising energy costs. Italy’s government is seeking to include investments and extraordinary measures to address the energy crisis in the so-called national safeguard clause, according to a letter Meloni sent to European Commission President Ursula von der Leyen and seen by Bloomberg. The provision, which is typically used for defense spending, allows EU member states to temporarily deviate from the bloc’s budget rules under exceptional circumstances. Italy’s move could create frictions with the commission, which provided EU nations with a range of options to address the current energy crisis that does not include the safeguard clause. Italy’s request to suspend rules would concern measures worth around 1.5% of gross domestic product, according to Corriere della Sera. Meloni’s government is seeking fresh resources to finance the extension of cuts to petrol levies, which cost around €1 billion ($1.16 billion) each month and expire on May 22. A union of truck drivers announced a five-day walkout scheduled to start on May 25.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Maximusnd/iStock via Getty Images The municipal bond market started the year strong. The Fed resumed its easing cycle in late 2025 and shifted focus toward a softening labor market, helping drive yields lower alongside solid investor demand through January and February. Munis extended their rally, posting ten consecutive positive monthly returns since last April's "Liberation Day" drawdown, while ...
Maximusnd/iStock via Getty Images The municipal bond market started the year strong. The Fed resumed its easing cycle in late 2025 and shifted focus toward a softening labor market, helping drive yields lower alongside solid investor demand through January and February. Munis extended their rally, posting ten consecutive positive monthly returns since last April's "Liberation Day" drawdown, while volatility gradually declined from previously elevated levels. That calm reversed at the end of February as the U. S. and Israel began direct military action against Iran. Disruptions to oil and gas shipments through the Strait of Hormuz drove energy prices sharply higher and renewed inflation concerns, reducing market expectations for future Fed rate cuts. Muni bond yields reset sharply higher, with intermediate yields rising more than 60 basis points (bps) in just a few weeks. This move was likely exacerbated by seasonal technical weakness from investor withdrawals ahead of the April tax deadline, as well as elevated new issue supply, leaving the market modestly negative for the quarter after a strong start (+2% through February). High-grade munis underperformed Treasuries during the March selloff, particularly at longer maturities. The Treasury curve bear-flattened as front-end rates moved higher, reflecting the repricing of short-term rates amid reduced expectations for Fed easing. In contrast, the muni yield curve bear-steepened, with short-maturity yields moving lower while intermediate and longer yields moved higher. This pattern, seen in prior periods of volatility such as the COVID-19 pandemic and "Liberation Day, " reflects the lack of natural hedging tools in tax-exempt markets. As a result, investors often shift toward cash and short-duration bonds during periods of stress, driving those yields lower while longer-term yields rise. As active managers, we view these periods of volatility as opportunities to add high-quality intermediate bonds at attractive relativ...
Switzerland To Vote On Capping Population At 10 Million In less than four weeks, on June 14, Swiss voters will decide on a proposal that, if passed, would mark a constitutional first: enshrining a hard limit on the country’s total permanent resident population. The " No to a Switzerland with 10 Million" initiative , backed by the right-wing Swiss People’s Party (SVP), seeks to amend the Federal Co...
Switzerland To Vote On Capping Population At 10 Million In less than four weeks, on June 14, Swiss voters will decide on a proposal that, if passed, would mark a constitutional first: enshrining a hard limit on the country’s total permanent resident population. The " No to a Switzerland with 10 Million" initiative , backed by the right-wing Swiss People’s Party (SVP), seeks to amend the Federal Constitution to keep the population below 10 million until 2050. If thresholds are approached or breached, the government would be required to tighten asylum and family reunification rules and renegotiate or terminate international agreements—including the landmark Agreement on the Free Movement of Persons with the EU—that contribute to population growth. Rapid Growth Switzerland’s population stands at approximately 9.1 million as of early 2026. It has grown by roughly 1.9 million since 2000, with net international migration accounting for about 80% of that increase . Natural population growth (births minus deaths) remains very low due to a fertility rate of around 1.3 children per woman. Foreign nationals currently make up roughly 27% of the resident population (about 2.5 million people as of late 2024/early 2025 data), a share that has risen steadily: Around 2011 (15 years ago): ~22–23% Around 2016 (10 years ago): ~25% Today: ~27% foreign nationals (foreign-born and migration-background shares are higher, reaching ~40% when including naturalized citizens and second-generation residents) Most foreign residents come from EU/EFTA countries (around 63–82% of the foreign population), primarily for work. Net migration into the permanent resident population has averaged 60,000–90,000 annually in recent years, though it declined modestly in 2025. The Case for a Cap Supporters argue that sustained high immigration, while economically beneficial in many respects, has created tangible pressures in a small, mountainous country with limited space for expansion. Key concerns include: Hou...
Maksim Labkouski Shares of LiveRamp ( RAMP ) jumped 26% to $37.30 in premarket trading on Monday following news that Publicis Groupe ( PUBGY ) will acquire the data collaboration platform in an all-cash deal valued at $2.5B. The transaction is designed to deepen Publicis' data and artificial intelligence strengths to help brands better navigate a highly fragmented media market. Under the terms of ...
Maksim Labkouski Shares of LiveRamp ( RAMP ) jumped 26% to $37.30 in premarket trading on Monday following news that Publicis Groupe ( PUBGY ) will acquire the data collaboration platform in an all-cash deal valued at $2.5B. The transaction is designed to deepen Publicis' data and artificial intelligence strengths to help brands better navigate a highly fragmented media market. Under the terms of the agreement, Publicis will pay $38.50 per share for LiveRamp ( RAMP ), a 29.8% premium to the company’s closing price on May 15, the last trading day before the announcement. In Sunday's statement, the French group also raised its 2027 and 2028 constant-currency growth targets to 7%-8% for net revenue and 8%-10% for headline earnings per share, up from previous guidance of 6%-7% and 7%-9%, respectively. LiveRamp ( RAMP ) shares have climbed 8% year-to-date, and the stock currently carries a Hold rating from Seeking Alpha’s Quant system. More on LiveRamp, Publicis Groupe S.A. Publicis Groupe S.A. (PUBGY) Q1 2026 Sales/Trading Call Transcript Publicis Groupe S.A. (PUBGY) Q1 2026 Sales/ Trading Statement Call - Slideshow LiveRamp Holdings, Inc. (RAMP) Discusses AI as a Business Tailwind, Network Expansion, and Agentic Advertising Transformation - Slideshow LiveRamp GAAP EPS of $1.12 beats by $0.85, revenue of $206M beats by $0.43M Publicis to acquire LiveRamp in $2.5 billion deal as ad-tech consolidation accelerates
Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
For years, mobile carriers have billed users by the gigabyte. Now, China’s telecoms giants are seeking to monetise the artificial intelligence boom by introducing a new unit of measurement to monthly bills: the AI token. On Sunday, China Telecom unveiled nationwide, token-based pricing packages aimed at a range of customers – from casual users to developers and businesses – according to informatio...
For years, mobile carriers have billed users by the gigabyte. Now, China’s telecoms giants are seeking to monetise the artificial intelligence boom by introducing a new unit of measurement to monthly bills: the AI token. On Sunday, China Telecom unveiled nationwide, token-based pricing packages aimed at a range of customers – from casual users to developers and businesses – according to information listed on the company’s app. Consumer packages, tailored for everyday tasks, start at 9.9 yuan...
Whether it's the price of a barrel of Brent crude or a pound of beef, it's clear prices are skyrocketing for all kinds of goods and commodities. Price shocks and shortages are, if anything, the way consumers understand the economy right now — at the grocery store or at the gas pump. We have not one but two perfect guests to talk to us today, our favorite commodity specialists: Bloomberg Opinion co...
Whether it's the price of a barrel of Brent crude or a pound of beef, it's clear prices are skyrocketing for all kinds of goods and commodities. Price shocks and shortages are, if anything, the way consumers understand the economy right now — at the grocery store or at the gas pump. We have not one but two perfect guests to talk to us today, our favorite commodity specialists: Bloomberg Opinion columnist Javier Blas and Lorcan Roche Kelly, the business editor at Irish Farmers Journal. Today's episode — which was recorded on stage at Wilton's Music Hall in London as part of our first ever show outside the US — covers how the world's farmers feel about US trade policy, why today's energy shock is so different from 2022's, the true impact of the UAE leaving OPEC, and why it's going to get harder to buy hard cheese in the near future. (Source: Bloomberg)