An alleged boardroom coup attempt, a lawsuit between a family patriarch and his son, and accusations of corporate governance lapses — even by the standards of Asian succession drama, the family feud raging at Singapore’s Kwek dynasty stands out.
City Developments, the financial hub’s biggest listed developer, plunged into crisis Wednesday when its billionaire Chairman Kwek Leng Beng, 84, accused his son, the firm’s chief executive officer, of orchestrating a boardroom coup. More here: https://bloom.bg/3CVPOFu
📷: Nicky Loh/Bloomberg
📷: Ore Huiying/Bloomberg
City Developments, the financial hub’s biggest listed developer, plunged into crisis Wednesday when its billionaire Chairman Kwek Leng Beng, 84, accused his son, the firm’s chief executive officer, of orchestrating a boardroom coup. More here: https://bloom.bg/3CVPOFu
📷: Nicky Loh/Bloomberg
📷: Ore Huiying/Bloomberg
Bitcoin tumbles 25% from the all-time high set weeks ago as traders reverse bets that followed the election of US President Donald Trump. More here: https://bloom.bg/3EVQdIF
Bloomberg.com
Bitcoin Down 25% From All-Time High as Crypto Selloff Deepens
A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.
Hong Kong's new $4 billion Kai Tak sports park is a chance for redemption after the government lost face last year when football legend Lionel Messi failed to play in a much-hyped game, and stars such as Taylor Swift bypassed the city in their Asian tours. See what's inside: https://bloom.bg/3QDgQ7K
📷: Lam Yik/Bloomberg
📷: Lam Yik/Bloomberg
Some 26 years ago, it was Renault and an aggressive, cost-cutting executive named Carlos Ghosn who pulled the Japanese carmaker back from the brink.
Now, with CEO Makoto Uchida facing a possible boardroom coup and the company in financial free fall, Nissan is looking for a new CEO and a savior company to swoop in. Read more here: https://bloom.bg/4ijUUdC
📷: Takaaki Iwabu/Bloomberg
Now, with CEO Makoto Uchida facing a possible boardroom coup and the company in financial free fall, Nissan is looking for a new CEO and a savior company to swoop in. Read more here: https://bloom.bg/4ijUUdC
📷: Takaaki Iwabu/Bloomberg
🚨 LIVE NOW: Europe is looking to decouple from China, Russia and deepen its ties with India as global foreign policy shifts. Bloomberg reporters Sudhi Ranjan Sen, Dan Strumpf, Jorge Valero, Shruti Srivastava answer your questions in a Live Q&A. https://bloom.bg/4id1sLz
Singapore, which has an extremely high home ownership rate of over 90%, is among the world's most expensive for real estate and also has one of the most affordable housing markets. How this is possible, and why it is getting harder to sustain: https://bloom.bg/3DbY7Nr
📷: SeongJoon Cho/Bloomberg
📷: SeongJoon Cho/Bloomberg
President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies, imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of a trade war that stands to upend ties with major economic partners.
Trump’s move prompted swift retaliation from Canada and China and may spur similar reprisals from Mexico — as well as potential legal challenges. Read more here: https://bloom.bg/41CqqxU
📷: Al Drago/Bloomberg
Trump’s move prompted swift retaliation from Canada and China and may spur similar reprisals from Mexico — as well as potential legal challenges. Read more here: https://bloom.bg/41CqqxU
📷: Al Drago/Bloomberg
Geekvape, Lost Mary, Elf Bar and other top vape brands that have washed across store shelves from New York to London to Berlin all trace back to one man in China. Read more here: https://bloom.bg/3F4pEkx
📷: Janelle Jones for Bloomberg Businessweek
📷: Janelle Jones for Bloomberg Businessweek
BREAKING: China sets GDP target at about 5% for 2025 despite Trump's tariffs.
Follow our live blog for the latest news and analysis: https://bloom.bg/3F6rMbm
Follow our live blog for the latest news and analysis: https://bloom.bg/3F6rMbm
Bloomberg.com
China Sets GDP Target at About 5% Despite Trump Tariffs
China Economy Live: Beijing Focuses on Domestic Demand, AI as Trump Tariffs Hit
BREAKING: New Zealand's central bank chief Adrian Orr has resigned in a shock move. More here: https://bloom.bg/3QL36I3
Bloomberg.com
New Zealand Central Bank Governor Orr Unexpectedly Resigns
Reserve Bank of New Zealand Governor Adrian Orr has unexpectedly resigned without giving a reason for his sudden departure.
EXCLUSIVE: Asia’s richest man Mukesh Ambani is overhauling Reliance's retail empire to reassure investors eager for an exit option in the form of an IPO. More here: https://bloom.bg/43mUJtD
Bloomberg.com
Ambanis Overhaul Retail Unit in Quest of $125 Billion Valuation
Asia’s richest man Mukesh Ambani is overhauling a retail empire that sells everything from $0.20 soda to $5,900 Versace dresses, as he seeks to reassure investors antsy for an exit option in the form of a public listing.
President Donald Trump’s latest punitive tariffs on China are giving President Xi Jinping a fresh push to tackle one of the nation’s most politically difficult and much-delayed challenges. Read more here: https://bloom.bg/4kuBF2C
📷: Greg Baker/AFP via Getty Images
📷: Greg Baker/AFP via Getty Images
🎙 LIVE NOW: China is setting its economic growth goal at about 5% for the third year in a row. But how can it reach that target while confronting a trade war with the US?
Bloomberg journalists are answering your questions in a Live Q&A ⬇
https://bloom.bg/41TmDMZ
Bloomberg journalists are answering your questions in a Live Q&A ⬇
https://bloom.bg/41TmDMZ
Bitcoin fell after crypto czar David Sacks said the US didn’t plan to spend additional taxpayer dollars on digital assets. Read more here: https://bloom.bg/4ipbnx0
📷: Justin Chin/Bloomberg
📷: Justin Chin/Bloomberg
🎙 China has set ambitious growth goals for its economy despite a crippling property crisis, mounting debt, weak consumer spending — and a trade war with the US.
What's behind Beijing's plan? Find out on the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
What's behind Beijing's plan? Find out on the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
President Trump’s trade war and efforts to bring manufacturing back to the US have put one of his predecessor’s signature achievements on the firing line: the Chips and Science Act.
Here's what to know: https://bloom.bg/4kwYa7a
Here's what to know: https://bloom.bg/4kwYa7a
Bloomberg.com
What’s at Stake as Trump Looks to Scrap the Chips Act
President Donald Trump’s trade war and efforts to bring manufacturing back to US shores have put one of his predecessor’s signature achievements on the firing line: the Chips and Science Act.
Media is too big
VIEW IN TELEGRAM
Cat-like robots serving food is a common sight at Japan’s largest table service restaurant chain.
The country is turning to these service robots to cope with its chronic labor crunch, and the market is expected to triple by 2030: https://bloom.bg/41zYKbw
The country is turning to these service robots to cope with its chronic labor crunch, and the market is expected to triple by 2030: https://bloom.bg/41zYKbw
Schools in Beijing will introduce artificial intelligence courses to primary and secondary students to strengthen China’s goal to dominate the sector: https://bloom.bg/4bAkPvf
Bloomberg.com
Beijing to Roll Out AI Courses for Kids to Boost Sector’s Growth
Schools in Beijing will introduce artificial intelligence courses to primary and secondary students to strengthen China’s goal to dominate the sector.
Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future. Read more here: https://bloom.bg/3DvuVkD
📷: Graham Hughes/Bloomberg
📷: Graham Hughes/Bloomberg
A Palestinian student activist at Columbia University who led anti-Israel protests last spring was detained by immigration authorities at his home. More here: https://bloom.bg/3FhlQfS
Bloomberg.com
US Immigration Officials Detain Palestinian Activist Student
A Palestinian student activist at Columbia University who led anti-Israel protests last spring was detained by immigration authorities at his home.