Articles from www.bloomberg.com

Articles from www.bloomberg.com

Revolut plans to add UK stocks to its trading platform as some investors look to diversify away from US equities, and says it has over 800K UK trading customers (www.bloomberg.com)
2025-4-12 Equity

There is increasing uncertainty about China approving Synopsys' $35B Ansys acquisition, amid the escalating tariff fight between the US and China (www.bloomberg.com)
2025-4-12 China

Despite Trump admin pressure, Apple is unlikely to move iPhone production to the US soon due to facility, labor, and supply chain gaps only Asia can fill now (www.bloomberg.com)
2025-4-11 Trump iPhone Asia Apple

Sources and a document: Amazon canceled orders for multiple products made in China and other Asian countries after Trump's April 2 global tariffs announcement (www.bloomberg.com)
2025-4-11 Trump China Amazon

Yield Sec: US online gross gambling revenue was $90.1B in 2024, of which $67.1B went to illegal casinos; unlicensed operators in California had $5.5B in revenue (www.bloomberg.com)
2025-4-10 California

Trump's 90-day tariff pause gives Nintendo, whose stock closed up 11.7% on April 10, time to prep the Switch 2's US launch on June 5 and lifts pricing pressure (www.bloomberg.com)
2025-4-10 Trump Nintendo

In his annual shareholder letter, Amazon CEO Andy Jassy says the company has to operate like the “world's largest startup” to stay competitive in AI (www.bloomberg.com)
2025-4-10 Amazon Startup AI

Greenpeace: emissions from AI chip production rose 357% in 2024, driven by a heavy reliance on fossil fuels, outpacing a 351% rise in electricity consumption (www.bloomberg.com)
2025-4-10 AI

Ziroh Labs and the Indian Institute of Technology partner to launch Kompact AI, which they say is an affordable AI system to run large models on standard CPUs (www.bloomberg.com)
2025-4-10 India AI

Trump's 90-day tariff pause gives Nintendo, which opened up 10% on April 10, valuable time to prepare for the Switch 2's US launch and lifts pricing pressure (www.bloomberg.com)
2025-4-10 Trump Nintendo

TSMC reports Q1 revenue up ~42% YoY to $25.5B, above est. and its fastest revenue growth since 2022, as electronics makers stockpiled chips ahead of US tariffs (www.bloomberg.com)
2025-4-10

Trump's global tariffs are an opportunity for EU to bolster its tech sector via strategic investments, streamlining regulations, and deepening its single market (www.bloomberg.com)
2025-4-10 Trump Single Market

SILQ, a new B2B e-commerce firm formed by the merger of Bangladesh-based ShopUp and Saudi Arabia-based Sary, raised $110M co-led by Sanabil and Valar Ventures (www.bloomberg.com)
2025-4-10 Arabia Saudi Arabia Bangladesh

The UK's BoE plans to track AI use by banks and hedge funds, saying their risk managers may not fully understand the AI being run, which may threaten markets (www.bloomberg.com)
2025-4-10 AI

Sources and a document: Amazon has canceled orders for multiple products made in China and other Asian countries after Trump's April 2 tariff announcement (www.bloomberg.com)
2025-4-10 Trump China Amazon

Sources: Amazon is considering a $15B warehouse expansion plan for nearly 80 new US logistics facilities, reversing its post-pandemic construction slowdown (www.bloomberg.com)
2025-4-10 Amazon Logistics

Samsung and Google plan to launch Ballie, a soccer-ball-shaped home robot that uses AI and can project video onto walls “like a personal BB-8”, in summer 2025 (www.bloomberg.com)
2025-4-10 Google Samsung AI Robot

Italy says it is withdrawing its support for STMicro CEO Jean-Marc Chery and his management team as chip demand slumps; Italy and France own nearly 28% (www.bloomberg.com)
2025-4-9 France Italy

US ITC data: in 2024, China accounted for 86% of US game console imports, 79% of PC monitor imports, 73% of smartphone imports, and 66% of laptop imports (www.bloomberg.com)
2025-4-9 China

White House document: the US will tax imports of items priced up to $800 at the rate of 90% of their value, up from a planned 30%, targeting Chinese retailers (www.bloomberg.com)
2025-4-9 China Tax

PitchBook: despite a friendlier regulatory environment, crypto VC investments in the US fell 22% QoQ to ~$1.3B in Q1 2025, but rose slightly YoY from $1.1B (www.bloomberg.com)
2025-4-9

Sources: hackers intercepted ~100 bank regulators' emails, 150K+ in total, for over a year at the US Treasury's OCC, which disclosed a breach on February 26 (www.bloomberg.com)
2025-4-9

Toronto-based Tailscale, which helps set up corporate VPNs, raised $160M led by Accel, a source says at a $1.5B valuation, up from $1B in May 2022 (www.bloomberg.com)
2025-4-8 Toronto

Interviews with 40 sources describe concerns about Helsing, Europe's most valuable defense tech startup, including whether it can live up to its €5B valuation (www.bloomberg.com)
2025-4-8 Europe Startup

Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (www.bloomberg.com)
2025-4-8 Samsung

Sources: Beijing opposes fast-fashion giant Shein's plans to move some production out of China, as it seeks to stave off a manufacturing exodus after US tariffs (www.bloomberg.com)
2025-4-8 China Manufacturing

A look at Inkitt, a publishing platform that uses AI to create sequels and spinoffs of authors' original work with minimal human input, raising quality concerns (www.bloomberg.com)
2025-4-8 AI

Apple Store employees say the past few days have felt like the busy holiday season, as the threat of tariffs and potential price hikes sparked a shopping frenzy (www.bloomberg.com)
2025-4-8 Apple

Publishers say traffic to their sites has plummeted since Google rolled out AI Overviews; sources: Google acknowledged the drop in a meeting with publishers (www.bloomberg.com)
2025-4-8 Google AI

Apple Store employees say the past few days have felt like holiday season, as the threat of tariffs and potential price hikes sparked a shopping frenzy (www.bloomberg.com)
2025-4-8 Apple

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