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Economics

Cut spending to curb runaway borrowing costs, Goldman's Gutman tells governments

Goldman Sachs' Anthony Gutman said lower fiscal deficits are needed tackle surging bond yields.

Markets & BusinessThe latest reporting from across the desk
Politics

Spain’s Sánchez Calls Snap Election After Housing Plan Fails

Spanish Prime Minister Pedro Sánchez called an early election for Nov. 29 after parliament rejected a housing plan last week that his government had hoped would quell mounting social protests.

Bloomberg Politics · Daniel Basteiro and Thomas Gualtieri
Technology

Nvidia’s Valuations Show AI Rally Isn’t a Bubble, DBS Says

Nvidia Corp.’s price-to-earnings multiple and projected 70% earnings growth for next year demonstrate that artificial intelligence-driven technology stocks remain far from bubble territory, DBS Group Chief Investment Officer Hou Wey Fook said.

Bloomberg Technology · Haslinda Amin
Economics

Surprise Slowdown in Turkish Prices Makes Case for Rate Cut

Turkish inflation continued to slow in September, raising the prospect of an interest rate cut at the next central bank meeting to help ease liquidity strains stemming from a domestic funds crisis.

Bloomberg Markets · Baris Balci and Beril Akman
Technology

Denmark Data Breach Exposes 8.8 Million People’s Personal Data

Denmark suffered a major data breach that gave unauthorized individuals access to names, addresses and personal identification numbers belonging to about 8.8 million people registered in the country’s central population database.

Bloomberg Technology · Sara Sjolin
Technology

BT Buys TalkTalk to Avert Collapse of UK Broadband Provider

BT Group Plc bought TalkTalk and PlatformX Communications Ltd. out of administration, preventing the collapse of a UK broadband provider that is also a major customer.

Bloomberg Technology · Paula Doenecke and Giulia Morpurgo
Economics

Broadening Rally in Stocks Hits an Economic Roadblock

A combination of elevated oil prices and surging bond yields has derailed a broadening in the rally that was supposed to propel stocks to new records.

Bloomberg Markets · Michael Msika and Jan-Patrick Barnert
Politics

Imran Khan’s Party Revives Protest March After Talks Collapse

The party of Pakistan’s former prime minister Imran Khan began a march toward Islamabad from the country’s northwest after talks with the government broke down over demands including access to the jailed leader.

Bloomberg Markets · Tooba Khan
Technology

Qualcomm Licenses Patents on Huawei’s LogicFolding Chip Tech

Qualcomm Inc. has agreed to license patents underpinning Huawei Technologies Co.’s novel LogicFolding chipmaking technique, a win for the Chinese company and its push to advance in overseas AI markets.

Bloomberg Technology · Bloomberg News
Technology

US Nabs Suspected China Spy for Surveilling Taiwan Leader’s Son

A woman suspected of spying for China by surveilling the Taiwanese president’s son and his family has been arrested by the US before she could board a flight to Shanghai, according to the Federal Bureau of Investigation, as tensions linger between the rival superpowers.

Bloomberg Politics · Josh Xiao
Economics

Euro Hits 17-Month Low on Region’s Fiscal, Political Risks

The euro fell to its weakest level since May 2025, as France’s deepening fiscal crisis and the prospect of fresh political upheaval in the region rattled European markets.

Bloomberg Markets · David Finnerty and Vassilis Karamanis
Technology

Malaysia Plans First AI Law in 2027 as Scrutiny Intensifies

Malaysia plans to introduce its first dedicated artificial intelligence law in early 2027, as governments worldwide step up efforts to regulate the technology that’s drawing growing scrutiny over its risks and potential misuse.

Bloomberg Technology · Kok Leong Chan
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