Finance

RBNZ’s new Swedish boss joins bank shaken by politics, says ‘kia ora’

RBNZ’s new Swedish boss joins bank shaken by politics, says ‘kia ora’

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s first foreign central bank governor in modern history takes the top job amid heightened criticism of the bank’s management of the ec...

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Trump Attacks Clean Energy in Mammoth UN Speech

Trump Attacks Clean Energy in Mammoth UN Speech

In his sprawling address to the United Nations General Assembly on Tuesday, President Donald Trump attacked both climate change initiatives and clean energy. He called into question the scientific...

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Alibaba Shares Jump After CEO Reveals Plans to Raise AI Spending

Alibaba Shares Jump After CEO Reveals Plans to Raise AI Spending

Eddie Wu (Bloomberg) — Alibaba Group Holding Ltd.’s shares surged to their highest in almost four years after it announced plans to ramp up spending on AI infrastructure to better compe...

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Bitcoin’s Slump Widens Safe Haven Divergence for Gold

Bitcoin’s Slump Widens Safe Haven Divergence for Gold

Gold’s uptrend amid Bitcoin’s downturn has driven a wedge between the two safe-haven assets, with experts noting that this increasing divergence is a result of macroeconomic uncertainty, which has...

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Democrat Wins Arizona House Seat, Setting Up Epstein Vote

Democrat Wins Arizona House Seat, Setting Up Epstein Vote

Adelita Grijalva (Bloomberg) — Democrat Adelita Grijalva won the special election for Arizona’s seventh district, The Associated Press projected, further narrowing the already razor-thi...

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Nvidia’s OpenAI Deal Fuels ‘Circular’ Financing Concerns

Nvidia’s OpenAI Deal Fuels ‘Circular’ Financing Concerns

(Bloomberg) — Three years after OpenAI and Nvidia Corp. helped kick off the global artificial intelligence frenzy, the two firms are joining forces to pave the way for a more costly phase of...

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