"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Haidi Stroud-Watts and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Haidi Stroud-Watts and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Chinese billionaire Jack Ma and the core leadership of Alibaba Group Holding and Ant Group spent over an hour with teachers in Hangzhou on Tuesday, discussing the profound challenges and opportunities brought about by artificial intelligence. Ma told the group that the impact of AI was “immense”, but so were the “opportunities” and that teenagers held the greatest hope and opportunity for adapting...
Chinese billionaire Jack Ma and the core leadership of Alibaba Group Holding and Ant Group spent over an hour with teachers in Hangzhou on Tuesday, discussing the profound challenges and opportunities brought about by artificial intelligence. Ma told the group that the impact of AI was “immense”, but so were the “opportunities” and that teenagers held the greatest hope and opportunity for adapting to and enabling transformation in the AI era, according to a statement issued by Hangzhou Yungu School, which hosted the visit. AI offered a chance for education to “return to its essence”, Ma said. Time spent memorising textbooks could be freed up to cultivate creativity and imagination, according to the founder of Alibaba, which also owns the South China Morning Post. Advertisement The meeting involved dozens of teachers at the school in Hangzhou, the capital city of Zhejiang province where Alibaba is based. The privately run school, which covers kindergarten to high school, was funded by Alibaba’s founders. Jack Ma and the core leadership of Alibaba discuss the challenges and opportunities brought about by AI with teachers in Hangzhou on Tuesday. Photo: qq.com Present at the meeting were Alibaba chairman Joe Tsai, CEO Eddie Wu Yongming, e-commerce business group CEO Jiang Fan, Ant chairman Eric Jing Xiandong and Ant CEO Cyril Han Xinyi. Ant is the fintech affiliate of Alibaba.
India’s rupee weakened to a record low and bonds fell on concern that rising crude prices, amid the escalating conflict in the Middle East, could stoke inflation and widen the nation’s trade deficit. The currency fell as much as 0.7% on Wednesday, the most since end-January, to 92.0875 per dollar, while the 10-year benchmark yield rose five basis points to 6.72%. Indian markets were closed Tuesday...
India’s rupee weakened to a record low and bonds fell on concern that rising crude prices, amid the escalating conflict in the Middle East, could stoke inflation and widen the nation’s trade deficit. The currency fell as much as 0.7% on Wednesday, the most since end-January, to 92.0875 per dollar, while the 10-year benchmark yield rose five basis points to 6.72%. Indian markets were closed Tuesday for a public holiday. “Higher crude is a direct risk to rupee — we expect slightly heavier RBI intervention but if oil prices remain high, we may have to tolerate a weaker rupee,” said Dhiraj Nim , forex strategist, Australia & New Zealand Banking Group Ltd. He added that his year-end forecast of 93 for the rupee could materialize much sooner given the current risk-off sentiment. Costlier oil brings the focus back on India’s inflation — currently subdued — as the country imports nearly all its energy needs. It also adds pressure to the trade deficit, which has been widening , exerting strain on the currency. Brent rose above $82 a barrel after rallying about 12% over two days, the biggest gain since 2020. That’s well above the baseline projection of $70 that the central bank had assumed for the October-March period. Iran War Oil Shock Threatens to Unleash Wave of Global Inflation Oil Jumps Again as US Escort Plan for Hormuz Fails to Bring Calm
Buying a cryptocurrency and then holding it for seven years is less about picking the flashiest chain of today, and more about picking the investment thesis that can inspire your conviction over time, survive your own boredom when the market is slow, and perhaps most importantly, survive a couple of gut-check drawdowns. So with $3,000 to allocate today, is it smarter to load up on Bitcoin (BTC 1.2...
Buying a cryptocurrency and then holding it for seven years is less about picking the flashiest chain of today, and more about picking the investment thesis that can inspire your conviction over time, survive your own boredom when the market is slow, and perhaps most importantly, survive a couple of gut-check drawdowns. So with $3,000 to allocate today, is it smarter to load up on Bitcoin (BTC 1.24%) or XRP (XRP 1.20%) if you're (hopefully) going to be holding whatever you pick through 2033? Bitcoin's job is simple Bitcoin's pitch is that it's an asset with a fixed supply and enough of a social consensus about its worth that it functions as a store of value. The coin's supply cap is hard-coded at 21 million coins that can ever be mined. A lot of that supply, approximately 20 million Bitcoin, is already out in the world. And if you're building a well-balanced crypto portfolio, it's the scarcity of the remaining supply and the guarantee that it'll only get scarcer and more challenging to produce in the future that makes this coin a must-have holding. Expand CRYPTO : BTC Bitcoin Today's Change ( -1.24 %) $ -846.36 Current Price $ 67613.00 Key Data Points Market Cap $1.4T Day's Range $ 66337.00 - $ 68833.00 52wk Range $ 60255.56 - $ 126079.89 Volume 54B Nonetheless, the long-term risk that investors should not dismiss is the advent of quantum computing, which in theory could crack Bitcoin's encryption and enable the theft of coins at some point in the tail end of the next 10 years. There are some early steps taking place to update the coin to prevent that from being possible. Even so, the risk might not be fully addressed for years, or perhaps even too late to prevent a quantum attack which turns into a disaster for holders. But the odds are good that Bitcoin's developers will adapt to the threat in time. XRP needs to keep winning to outperform XRP is a bet that its chain, the XRP Ledger (XRPL), becomes important financial plumbing, and that demand for the coin rises al...
Key Points Bitcoin is a store of value, but it's facing a huge risk in the next 10 years or so. XRP has utility today, but it's facing an onslaught of competitors in the same time frame. One of these assets has a more straightforward path to its ongoing success. 10 stocks we like better than XRP › Buying a cryptocurrency and then holding it for seven years is less about picking the flashiest chain...
Key Points Bitcoin is a store of value, but it's facing a huge risk in the next 10 years or so. XRP has utility today, but it's facing an onslaught of competitors in the same time frame. One of these assets has a more straightforward path to its ongoing success. 10 stocks we like better than XRP › Buying a cryptocurrency and then holding it for seven years is less about picking the flashiest chain of today, and more about picking the investment thesis that can inspire your conviction over time, survive your own boredom when the market is slow, and perhaps most importantly, survive a couple of gut-check drawdowns. So with $3,000 to allocate today, is it smarter to load up on Bitcoin (CRYPTO: BTC) or XRP (CRYPTO: XRP) if you're (hopefully) going to be holding whatever you pick through 2033? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Bitcoin's job is simple Bitcoin's pitch is that it's an asset with a fixed supply and enough of a social consensus about its worth that it functions as a store of value. The coin's supply cap is hard-coded at 21 million coins that can ever be mined. A lot of that supply, approximately 20 million Bitcoin, is already out in the world. And if you're building a well-balanced crypto portfolio, it's the scarcity of the remaining supply and the guarantee that it'll only get scarcer and more challenging to produce in the future that makes this coin a must-have holding. Nonetheless, the long-term risk that investors should not dismiss is the advent of quantum computing, which in theory could crack Bitcoin's encryption and enable the theft of coins at some point in the tail end of the next 10 years. There are some early steps taking place to update the coin to prevent that from being possible. Even so, the risk might not be fully addressed for years, or perhaps even too late ...
Talks to rescue Raízen SA fell apart after co-owners Cosan SA and Shell Plc failed to agree to a plan to raise capital, according to people familiar with the matter, leaving the Brazilian sugar and ethanol producer with dwindling options to emerge from a debt crisis. Cosan concluded it wouldn’t be able to match the scale of financial support Shell had pledged to offer Raízen, while other proposals...
Talks to rescue Raízen SA fell apart after co-owners Cosan SA and Shell Plc failed to agree to a plan to raise capital, according to people familiar with the matter, leaving the Brazilian sugar and ethanol producer with dwindling options to emerge from a debt crisis. Cosan concluded it wouldn’t be able to match the scale of financial support Shell had pledged to offer Raízen, while other proposals presented by Cosan were rejected by Shell, one of the people said, asking not to be identified discussing private talks. Private equity funds managed by Banco BTG Pactual SA , also involved in the talks, disagreed with several terms proposed by Shell and decided against injecting money into Raízen, another person said. London-based Shell publicly pledged 3.5 billion reais ($664 million) in fresh capital for Raízen on Tuesday and is expected to present its own plan for the company to banks as soon as Wednesday, one of the people said. Shell declined to comment. Raízen is seeking new capital after struggling under a combination of high interest rates, lackluster harvests and unsuccessful bets. Its bonds have plummeted and credit ratings have been slashed, even drawing the concern of Brazil’s president. Read more: Lula Summoned Raízen Owners Amid Effort to Avoid Bankruptcy The plan from Shell may be Raízen’s best hope to avoid a filing for protection from creditors. The proposal would still include a potential 500 million reais in capital from Rubens Ometto , Cosan’s founder, and would convert about 25 billion reais of debt into equity — improving the company’s balance sheet but diluting shareholders’ stakes. The proposal would also make Shell a majority owner and require the company to absorb Raízen’s debt into its own balance sheet and manage the company. Creditors have been pressuring Shell and Cosan to inject as much as 12 billion reais, arguing they are profitable companies with enough cash to contribute more than they’re offering, Bloomberg reported previously. Some cre...
Israel Claims to Strike Iranian Nuclear Weapons Lab Iran's nuclear complexes are seeing renewed attacks for both new buildings constructed since the 12-Day War, as well as long-existing infrastructure previously left alone. From what can be seen in recent satellite imagery, the U.S. and Israel are quickly finishing what they started last year. The IDF announced it has struck a covert underground c...
Israel Claims to Strike Iranian Nuclear Weapons Lab Iran's nuclear complexes are seeing renewed attacks for both new buildings constructed since the 12-Day War, as well as long-existing infrastructure previously left alone. From what can be seen in recent satellite imagery, the U.S. and Israel are quickly finishing what they started last year. The IDF announced it has struck a covert underground compound outside Tehran where regime scientists were quietly designing key components for a nuclear bomb . חיל-האוויר תקף את המתחם החשאי 'מין-זדאא'י' בו פעל משטר הטרור האיראני לפיתוח יכולות נדרשות עבור נשק גרעיני במסגרת מבצע 'עם כלביא', צה"ל תקף מטרות רבות של קבוצת הנשק הגרעיני האיראנית, הכפופה למשרד ההגנה באיראן, על מנת לפגוע ביכולות הגרעין הצבאיות של משטר הטרור האיראני. למרות… pic.twitter.com/RJJESKULKd — Israeli Air Force (@IAFsite) March 3, 2026 The target, “Min-Zadai”, was the new facility for SPND scientists after last year’s Operation Rising Lion turned their old facilities into craters. SPND (Organization of Defensive Innovation and Research) is the Iranian Ministry of Defense’s R&D arm. It’s the successor to the AMAD Project, handling the weaponization side of nuclear power. The AMAD Project (also known as the AMAD Plan) was Iran’s highly secretive, structured nuclear weapons development program launched in the late 1990s and run directly by the Ministry of Defense. It was led by Mohsen Fakhrizadeh until its reported halt in late 2003 under international pressure . Satellite imagery from today, March 3, 2026, and available ground footage posted to X by ( @Vahid ), confirms the destruction of what is suspected to be an engineering laboratory-type building in an area north of the main Mojdeh site, which was heavily attacked durng the June 2025… pic.twitter.com/NSO3Rx8tYB — Inst for Science (@TheGoodISIS) March 3, 2026 The Institute for Science and International Security (“The Good ISIS”) used satellite imagery and a geolocated strike video to confirm a large engineeri...
Japanese high court on Wednesday upheld a dissolution order for the Unification Church as requested by the central government on the grounds that it unlawfully solicited financially ruinous donations from its members. While the group can still appeal to the Supreme Court, the order by the Tokyo High Court will take immediate effect, with the controversial organisation losing its status as a religi...
Japanese high court on Wednesday upheld a dissolution order for the Unification Church as requested by the central government on the grounds that it unlawfully solicited financially ruinous donations from its members. While the group can still appeal to the Supreme Court, the order by the Tokyo High Court will take immediate effect, with the controversial organisation losing its status as a religious corporation with its associated tax advantages and liquidation procedures to begin. Under Japan’s legal system, authorities can ask courts to order a dissolution if a religious corporation “commits an act that is clearly found to harm public welfare substantially”. Advertisement The government argued that the group’s tactics, which included approaching individuals without disclosing its identity and soliciting large donations, constituted violations of civil law. The entrance of the Unification Church’s headquarters in South Korea in December 2025. The group is also under investigation in the country. Photo: EPA/Yonhap It filed a dissolution request in October 2023 on the grounds that these practices continued nationwide over a long period, resulting in numerous victims. Advertisement