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Political Drama Returns to Romania and Sinks Its Currency
Is the country becoming ungovernable?
Hillhouse Is Said to Near Deal for Marsh’s Risk Adviser and Broker PCS
Hillhouse Investment is nearing a deal to buy Marsh’s financial risk manager and life insurance broker for high-net-worth individuals, primarily in Asia, according to people familiar with the matter.
Apple’s Camera-Equipped AirPods Reach Advanced Testing Stage in AI Device Push
Apple Inc. has reached the late stages of development for new AirPods with built-in cameras, a significant milestone for what will likely be its first wearable device designed for the artificial intelligence era.
OnlyFans Owner’s Wife Takes Control of Business After His Death
Leonid Radvinsky’s widow has surfaced as a beneficiary of the business empire behind adult-content platform OnlyFans, the latest example of “sideways” inheritances through rich individuals passing wealth to their spouses.
German Business Leader Criticizes Merz for Poor Reform Record
The head of Germany’s Chambers of Commerce and Industry sharply criticized Chancellor Friedrich Merz for his poor reform record, calling the conservative leader’s ruling coalition dysfunctional and unreliable.
Demise of Crypto MAGA Sponsor in Poland Sparks Political Furor
The downfall of Poland’s biggest digital asset trading platform is causing trouble for Donald Trump’s ally in the presidential palace.
Business Owners Everywhere Can’t Escape Iran War’s Ripple Effects
From lost income to worsening inflation, small and midsize operators around the globe are feeling the pain.
UniCredit to Take Cumulative €3 Billion Hit on Russia Sale
UniCredit SpA has signed a non-binding accord to sell parts of its business in Russia to a private investor in the United Arab Emirates, as the Italian lender accelerates efforts to scale back its presence in the country.
A Deadly Cruise Ship Outbreak Exposes Travel’s Blind Spot
A hantavirus cluster on a remote South Atlantic voyage shows how infections can spread across borders before they’re even detected.
BCE Beats on AI-Powered Business, Higher Revenue
BCE Inc. beat analyst expectations in the first quarter as its investments in artificial intelligence infrastructure pay off.
Singapore Defers Considering Political Pay Review on Iran War
Singapore will postpone considering an independent panel’s recommendations on the salaries of political office holders until the economic impact of the Iran war becomes clearer, a government minister said.
Infineon Sales Forecast Beats as AI Boosts Power Chip Business
Infineon Technologies AG forecast revenue that beat analysts’ expectations in the current quarter as the German chipmaker benefits from a spending boom on artificial intelligence infrastructure.
Romania Lets Leu Weaken as Politics Again Tests Managed Float
A Romanian political crisis is once again testing the country’s managed float currency regime, with the central bank allowing the leu to weaken to record lows this week.
Apple to Let Users Choose Rival AI Models Across Its iOS 27 Features
Apple Inc. will let users choose from a range of outside artificial intelligence services to power features across its software, building on a strategy to turn its devices into a comprehensive AI platform.
Bose Challenges Sonos with $299 Alexa+ Speaker and $1,099 Soundbar
Bose Corp. announced a trio of products under a new “Lifestyle Collection” that’s intended to meld the company’s audio technologies and innovative engineering with elegant hardware, pitting it against familiar rivals like Sonos Inc. and Apple Inc.
Romanian Government Collapses, Sowing Doubts Over Fiscal Reforms
Romania’s minority government collapsed after losing a no-confidence vote, throwing the country into renewed political turmoil and potentially stalling reforms needed to narrow the widest budget shortfall in the European Union.
Hon Hai Sales Grow 30% With Expansion of AI Server Business
Key Nvidia Corp. partner Hon Hai Precision Industry Co. reported a 29.7% increase in April revenue, underscoring persistently strong spending on hardware essential for AI.
India’s iPhone Hub Stunned by Movie Star Vijay’s Political Rise
In most of his films, Tamil superstar C. Joseph Vijay has saved the nation and its poor from powerful forces. He used that same script in politics this week to emerge as the unlikely winner in elections in one of India’s most economically important states.
Romania Prepares to Oust Premier Without Plan for the Day After
Romanian lawmakers will vote on ousting Prime Minister Ilie Bolojan in a move that could plunge the country into a renewed political crisis and imperil efforts to narrow the widest budget deficit in the European Union.
Take-Two CEO Says ‘Grand Theft Auto VI’ Expectations Are ‘Terrifying’
The upcoming video game is expected to be one of the biggest entertainment releases of all time
Apple Plans to Let Users Build Their Own Passes in iOS 27 Wallet App
Apple Inc. is preparing a new “Create a Pass” feature for its next major iPhone software update, allowing users to build and customize their own digital tickets and gift cards within the Wallet app.
Zambia Says Privacy, Minerals Concerns Stall US Health-Aid Deal
Zambia’s talks with the US over a new $2 billion health-aid deal stalled because the proposed agreement included data sharing that would violate citizens’ privacy rights and was conditional on first agreeing to preferential access to mineral resources, the nation’s foreign minister said.
The Cost of Gutting Science Is Invisible Yet Enormous
Intelligence agencies often complain that they are judged unfairly because you hear about their failures, not their successes. It’s hard to evaluate anything based on what didn’t happen — even when that’s really the important thing. The problem is just as salient for those trying to create a better future as trying to avert a worse one. When it comes to research, we can see technologies and industries that exist. We can’t see the ones that were never invented because the science that should have
State Health Sites Send Race, Location, Immigration Data to Meta, TikTok
Some US state healthcare sites sent personal information — location, race, immigration data — to TikTok, Meta and other big tech companies. Experts say existing privacy laws aren’t enough
Hazelview Adds Presima Assets in Push to Scale REIT Business
Hazelview Investments Inc., a private money manager that specializes in commercial real estate, is combining its listed real estate business with that of Presima Securities ULC in a move to bulk up its global platform.
A $50 Movie Ticket Is Peak Entertainment Elitism
Can the average American afford to be entertained? Recent headlines suggest the answer is “no.”
Guindos Rules Out Return to Politics After ECB Term Ends: Pais
European Central Bank Vice President Luis de Guindos rejected the idea of returning to Spanish politics once his term ends in May.
Watch India's Woes Bigger Than Any One Political Figure, Amitav Ghosh Says
"The problem for India goes beyond any one political figure." Amitav Ghosh tells Mishal Husain that India is struggling to find its role in the world amid continental competition from China, Russia and Iran.
Apple Raises Mac Mini’s Starting Price to $799 After AI Frenzy Drains Supply
Apple Inc. raised the starting price of its Mac mini desktop to $799 from $599, adjusting to inventory shortages driven by AI demand and the tight supply of processors.
OpenAI’s Revenue Chief Says Enterprise Business ‘Accelerating’
A recent report raised concerns about OpenAI missing its growth targets.
Toto Shares Surge on Plans to Boost Chip Parts Business
Toto Ltd. shares soared as much as 18%, the most on record, in Tokyo after the toilet maker said it plans to ramp up investment in its chip components business due to strong AI demand.
StanChart Sells Some Card Business to India Lender in Pullback
Standard Chartered Bank Plc has agreed to sell part of its Indian credit card business to Blackstone-backed Federal Bank Ltd., joining a slew of US and European lenders exiting the crowded retail segment dominated by local players.
Apple Plans a Siri Camera Mode and Upgraded Visual AI in iOS 27
Apple Inc. is planning to embed artificial intelligence more deeply into the iPhone’s camera app, adding a new Siri mode alongside the standard photo and video options in its upcoming iOS 27 operating system.
NASA Chief Hits Capitol Hill in Defense of Trump’s Science Cuts
White House is calling for yet another substantial decrease to the space agency’s overall budget.
Blackstone Forms New Unit to Oversee AI, High-Growth Tech Bets
Blackstone Inc. is folding its growth business into a new West Coast-based division that will focus solely on the alternative investment giant’s artificial intelligence portfolio, which includes OpenAI and Anthropic PBC.
Ibogaine Hype Is Outpacing the Science
The hype surrounding the psychedelic drug ibogaine reached a fever pitch earlier this month, when President Donald Trump talked up its potential at a White House event promoting increased access to psychedelics. Ibogaine, which comes from the root of a West African shrub, has long been used for ceremonial and spiritual purposes. Now, for the first time, the Food and Drug Administration will allow a clinical trial of the drug.
Healthy Workers Are Ditching Company Insurance to Save $1,000 a Month
The very people that employers rely on to pay into plans and keep them afloat are starting to opt out due to soaring costs.
America’s Broken Politics Are Dragging It Down a Fiscal Black Hole
Few any longer dispute that America’s public debt is growing unsustainably and that, sooner or later, the task of reining it in will be unavoidable. Oddly, this presumption of inevitability has bred a kind of complacency. In the end, whether we like it or not, the problem will have to be solved. Therefore, it will be solved. So what’s the hurry?
UBS Sees Recovery Signs in US Wealth Business as Inflows Return
UBS Group AG’s wealth-management business in the Americas showed tentative signs of revival after a period of client fund outflows and departures by key staff.
Deutsche Bank CFO Says Trading Business Started Well in April
Deutsche Bank AG saw its fixed income and currencies trading business start “constructively” in the second quarter after some jitters in March, Chief Financial Officer Raja Akram said in an interview.
Philippine Tax Agency Orders Probe on VP Duterte’s Businesses
The Philippine tax agency has ordered tax audits on nine businesses tied to Vice President Sara Duterte and her husband.
Apple Readies Photo-Editing Overhaul With New AI Tools in iOS 27
Apple Inc. is planning a major overhaul of the built-in photo-editing features for the iPhone, iPad and Mac, leaning heavily on artificial intelligence to better compete with Android devices.
Iraq Politicians Chose New Candidate for PM After Trump Pressure
Former Iraqi Prime Minister Nouri Al-Maliki ended his bid to reclaim the role after pressure from the US, which was concerned by his close links to Iran.
Romania Finance Chief Urges Continued Reforms to Avert Junk Risk
Romania’s finance minister warned that the current political turmoil is increasing funding costs and may raise the risk of the country losing its investment grade credit score.
Commerzbank Quips UniCredit ‘Doesn’t Know’ Its Business Model
Commerzbank AG reacted with sarcasm to a recent advertisement campaign by UniCredit SpA against the German lender, highlighting the escalating rhetoric in a takeover campaign that’s already lasted for more than 19 months.
Sun Pharma, Eli Lilly Lead Latest Rush of Healthcare M&A
The value of biopharma M&A has more than doubled his year.
White House Press Dinner Attack Adds to Tally of Political Violence
Everyone in the room Saturday night had a story
Apollo Acquires Forvia’s Auto Interiors Unit for €1.82 Billion
Apollo Global Management Inc. agreed to buy Forvia SE’s auto interiors business for an enterprise value of €1.82 billion ($2.1 billion), according to an announcement Monday.
Madrid Locals Are Fighting to Preserve the City’s Soul
As the city morphs into a luxury tourist destination, struggling small businesses are pushing to retain the character that drew many tourists in the first place.
Sergey Brin Confronted Gavin Newsom at a Treehouse Party — Then Launched a Political War
In a treehouse nestled in redwoods north of San Francisco, California Governor Gavin Newsom stood cold and hungry as Sergey Brin, the world’s fourth-richest man, and his wellness-influencer girlfriend told him they were leaving the state.
Apple’s Cook Gives Ternus a Pipeline of 10 Major New Product Categories
Also: John Ternus talks AI and services with employees.
Private-Sector Sleuthing Becomes Big Business for US Tech Startup
Trump’s economic crackdown on China’s US interests is creating opportunities for a Utah-based intelligence firm
Charting the Global Economy: Euro Area Business Activity Sags
Business activity in the euro area contracted for the first time since 2024 on a pronounced weakening in the services sector as war in the Middle East suppressed demand.
CEOs in the PMO: Mark Carney’s Inner Circle Gives Business More Power in Ottawa
Also: What Kraken tells us about Canada’s defense sector
Could Robot Health Care Be An Improvement?
As the quality and quantity of human workers shrink, cyborg nursing may be coming for all of us.
SLB Seen Acquiring S&P Global’s Subsurface Oil Software Business
SLB, the world’s largest oilfield service provider, is expected to announce Friday plans to acquire S&P Global Energy Inc.’s geoscience and petroleum-engineering software business, according to people familiar with the matter.
German Business Outlook at Worst Since 2023 as War Hits ‘Hard’
Germany’s business outlook deteriorated more than expected, adding to fears that higher energy costs stemming from the Iran conflict will derail the country’s economic revival.
Two Primaries to Test Trump’s Grip on Republican Politics
The president is backing opponents of two Republican incumbents in primaries.
Macron Offers a Glimpse of a Post-Presidency Outside Politics
Emmanuel Macron has given few hints about his plan once he leaves the French presidency next year. But sitting among schoolchildren in Cyprus, he signaled it may not involve politics.
US Business Activity Expands While Prices Rise Most Since 2022
US business activity picked up in April, fueled by the strongest manufacturing growth in nearly four years as war-related supply disruptions prompted a scramble for supplies.
Lyft to Buy Gett’s UK Taxi Business, Marking Its Third International Acquisition
Lyft Inc. has agreed to buy London black cab app Gett, its third acquisition in the past year, as the company works to expand its presence beyond the US.
Romanian Cabinet Loses Parliamentary Majority as Top Party Quits
Romania’s biggest political party quit the government after disagreements over unpopular austerity measures, leaving Prime Minister Ilie Bolojan in charge of a minority cabinet.
Anglo Advances Coal Business Sale After Setback With Peabody
Anglo American Plc has at least three potential buyers for its Australian steelmaking coal business after a sale to Peabody Energy Corp. was derailed last year following a fire at one of the mines.
‘I Have Half of MAGA’: The Republican Challenging Trump From Within
GOP Representative Thomas Massie’s spats with the president have him fighting for his political life.
Asking Patients to Decide on Treatment When Side Effects Can Include Death
Patients must weigh their own values in deciding care.
German Business Activity Unexpectedly Shrinks as Services Plunge
(Bloomberg)--German private-sector activity unexpectedly contracted as the Iran war triggered the biggest plunge in the services sector in more than three years.
French Business Activity Sinks to 14-Month Low on Services
(Bloomberg)--French business activity shrank at the fastest pace in more than a year, driven by a slump in the services sector as the Iran conflict made consumers more cautious on spending.
Baltics Warn Europe There’s No Going Back to Life With Russia
Some countries are doing business with Moscow, but Estonia, Latvia and Lithuania are maintaining their hard line.
Tim Cook Regrets Maps Flub, Sees Apple Watch as His Proudest Work
Apple Inc. Chief Executive Officer Tim Cook, who plans to step down in a few months, cited the launch of Apple Maps on the iPhone in 2012 as his “first really big mistake” as the company’s boss.
What’s Happening With Tesla’s Battery Business
Plus, CATL’s sodium ion batteries will be rolling out on roads across China later this year.
Romanian President Holds Talks to Save Government From Collapse
Romanian President Nicusor Dan is holding talks with coalition parties to salvage the country’s teetering pro-European government, with the nation’s investment grade and billions of euros in European Union funding potentially hinging on the outcome.
Tesla’s Quiet Moneymaker, Its Battery Business, Suddenly Stalls
The company’s energy storage sales saw rapid growth, until an unexpected slowdown this year.
AI Startup Has Helped Reverse Thousands of Denied Health Insurance Claims
Americans rarely fight back when insurers reject treatments their doctors have prescribed. Claimable is working to change that, with a little help from Mark Cuban.
Australian Gas Exporter Santos Streamlines Business to Cut Costs
Santos Ltd. is restructuring the company’s oil and gas business in order to cut costs, according to an internal notice seen by Bloomberg, after a string of stymied takeover bids in recent years that have raised pressure to increase shareholder returns.
Trump’s Cabinet Gets a Shuffle as Political Pressures Build
The departures of three officials followed a spate of controversies.
South African Business Optimism Wanes in March on Iran Conflict
South African business confidence moderated in March as the US-Israeli war with Iran roiled financial, commodity and foreign-exchange markets.
India’s Decades-Long Political Truce Is Over
India’s five-decade-long political compromise between an overpopulated, impoverished north and more successful, faster-growing south has just imploded.
Apple to Focus Hardware Team on Five Areas Under Johny Srouji
Apple Inc.’s newly combined hardware engineering and hardware technologies division will be organized across five key areas, its new leader told staffers on Monday.
WhatsApp Joins Instagram in Selling New Premium Subscriptions
WhatsApp is selling a new premium subscription that includes more custom features, part of a broader effort by parent company Meta Platforms Inc. to build a revenue stream that can complement its core advertising business.
Romania Coalition Nears Collapse as Top Party Spurns Premier
Romania’s government has been thrown into turmoil after the top ruling party withdrew its support for Prime Minister Ilie Bolojan, whose own bloc is now rallying to salvage his control of the four-way coalition.
Starmer’s Political Fate Rests With Top UK Bureaucrat He Fired
Keir Starmer did what he could on Monday to weather a parliamentary showdown on his handling of the Peter Mandelson scandal. On Tuesday, it may rest with a bureaucrat little known outside Westminster to decide his fate.
Honeywell Said Close to Selling Unit to Brady for $1.4 Billion
Honeywell International Inc. is nearing a deal to divest its productivity solutions and services business to industrial manufacturer Brady Corp., according to people familiar with the matter.
Romania Faces Fresh Political Crisis With Premier Under Fire
Romania is bracing for fresh political turbulence with Prime Minister Ilie Bolojan poised to defy a call by the biggest ruling party to resign in a showdown that may lead to a collapse of the ruling alliance.
After Long Avoiding Politics, Commodity Traders Cozy Up to Trump
For decades, the world’s biggest commodity traders have sought to remain outside of politics, doing deals with anyone who has natural resources to buy or sell. Now, Donald Trump is changing the rules of the game.
Apple’s Revamped Siri Interface in iOS 27 Is Hidden in WWDC Teaser
Also: Memory shortages could push back new Macs.
Ex-Goldman Analyst Jeff Currie Is Getting Into the Oil Business
Jeff Currie, the one-time Goldman Sachs Group Inc. commodities strategist known for shaping investor views on energy markets, has co-founded an oil and gas company.
Tearing Down Orban’s Entrenched System Is Magyar’s Job One
Peter Magyar has already done what many considered unthinkable: ousting Viktor Orban from power in Hungary after 16 years.
Apple Marketing Chief for Watch, AirPods, Home and Health Retires
Apple Inc.’s marketing executive in charge of the Apple Watch, AirPods, health and smart home initiatives said he’s retiring, marking a changing of the guard for a series of key product lines.
The UK Remains Vulnerable to Political Risk
The UK economy started 2026 in better shape than feared. But Iran and domestic political risks loom large.
Roku’s Platform Crosses 100 Million Users, Fueling Ad Business
Roku Inc. said more than 100 million households are using its streaming platform, marking another milestone as the company continues to leverage that customer base to fuel its growing advertising business.
Pilot in Deadly Plane Crash Was Being Filmed for Apple Vision Pro Video
Claire Lomas, a British paraplegic known for overcoming medical trauma to participate in the London Marathon, was being filmed for an Apple Inc. immersive Vision Pro video when she crashed an aircraft in the Jordan desert two years ago.
Apple, Google Offer ‘Nudify’ Apps Despite Policies Against Them
Apple Inc. and Google have continued to offer mobile apps that let users make nonconsensual sexualized images of people despite their policies prohibiting such content, according to a report published Wednesday by the Tech Transparency Project.
Skild AI Acquires Zebra Technologies’ Robotics Automation Business
Skild AI, a fast-rising startup that makes software to help robots learn to complete tasks, has bought the robotics automation division of Zebra Technologies Corp., marking its latest effort to broaden its reach in a hot segment.
The Tech Industry’s Latest Battleground Is Art-Style TV Sets
Amazon wants to capitalize on a category that Samsung pioneered. It’s also releasing a new $35 streaming stick.
Saks Sells Business Jet as Luxury Retailer Shrinks in Bankruptcy
Saks Global Enterprises won court approval to sell its Gulfstream jet that executives used for business and personal travel, as the bankrupt luxury retailer slashes debt and operating expenses.
The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber
These days the biggest factor determining what high earners owe the government is how they make their money.
Spain Business Confidence Falls 2.3% in 2Q, Most Since 4Q 2022
Spain’s business confidence fell 2.3% in the second quarter compared with the first quarter, the biggest decline since the end of 2022, according to data from the Spanish statistics office. The survey showed 21% of business establishments expect a favorable quarter, while 16% are pessimistic about their business outlook.