Latest news with #BlackSpatulaPanic
Yahoo
04-03-2025
- Business
- Yahoo
Putin and Myanmar's Junta Chief Set to Deepen Military and Economic Ties
(Bloomberg) -- Myanmar's military chief Min Aung Hlaing will meet President Vladimir Putin in Moscow on Tuesday as the junta — shunned and sanctioned by the West — turns to a major international backer to aid in its ongoing conflict with ethnic armed groups. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park The two will discuss strengthening economic and security cooperation, Myanmar's ruling State Administration Council said in a statement ahead of meeting. Bilateral agreements on energy, science and technology sectors will likely be signed. Myanmar is one of Russia's closest partners in Southeast Asia and the junta's leaders have relied on weapons from the Kremlin in recent years. The junta has unsuccessfully tried to stem a widespread rebellion unfolding since Min Aung Hlaing seized power in a 2021 coup and toppled a civilian government led by Aung San Suu Kyi. With Myanmar's economy in a tailspin, questions have been raised over how long the generals can retain power, especially as ethnic armed groups make gains across the country. Revival of a long-stalled Dawei special economic zone could be a topic of discussion between the leaders after the two sides signed a pact to build a port and oil refinery during a visit last month to Myanmar by a top Russian official. The project could provide Russia a strategic alternative to the Strait of Malacca. Russia and China have been the main suppliers of advanced weapons systems to the Myanmar military, accounting for over $400 million and $260 million respectively since the coup, a United Nations rights expert said in May 2023. The junta has been using Russian fighter jets for airstrikes on resistance strongholds, the Washington Post and others have reported. Since the coup, the junta has killed at least 6,366 civilians, according to the Assistance Association for Political Prisoners. The US and its allies in Europe imposed multiple rounds of sanctions against the junta and key business entities in response. The meeting comes after Putin's government last week sent top security aide Sergei Shoigu to Indonesia, Malaysia and China to enhance cooperation with long-time partners in Asia. This will be Min Aung Hlaing's fourth visit to Russia since the coup. Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Snack Makers Are Removing Fake Colors From Processed Foods The US Is Withdrawing From Global Health at a Dangerous Time Trump's SALT Tax Promise Hinges on an Obscure Loophole OXO Fought Back Against the Black Spatula Panic. People Defected Anyway ©2025 Bloomberg L.P.
Yahoo
04-03-2025
- Business
- Yahoo
Didi's Self-Driving Unit Said to Seek Funds at $5 Billion Value
(Bloomberg) -- Didi Global Inc. is seeking fresh capital for its autonomous driving unit that could value it at about $5 billion, people familiar with the situation said, as Chinese technology firms ride a wave of investor enthusiasm. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park Didi Autonomous Driving plans to raise several hundred million dollars and is in talks with prospective investors including a Beijing-based fund to gauge interest, the people said, asking not to be identified discussing a private matter. Didi's autonomous driving unit operates a self-driving fleet of over 200 vehicles that have conducted trials in Beijing, Guangzhou and Shanghai. The Chinese ride-hailing firm unveiled its first concept robotaxi, the Didi Neuron, in April 2023. Didi may use the proceeds to continue developing autonomous-driving technologies and speed up mass production of its robotaxi, one of the people said. Deliberations are ongoing and the company could still decide against pursuing a deal, the people said. A representative for Didi didn't immediately respond to a request seeking comment. Autonomous driving and machine learning have been at the forefront of a recent rally in China's equity markets, initiated by the arrival of startup DeepSeek's low-cost R1 model. President Xi Jinping's backing has also prompted investors to re-evaluate the nation's tech companies and their growth prospects. Self-driving entrepreneur James Peng has become a billionaire after a surge in shares of his robotaxi startup Pony AI Inc., which has a market value of $5.3 billion. Pony AI is up about 16% since its US initial public offering in November. WeRide Inc., which has a robotaxi service agreement with Uber Technologies Inc. in Abu Dhabi, saw its shares spike 135% in mid-February after Nvidia Corp. disclosed an investment in the Chinese firm. Didi Autonomous Driving raised $298 million from investors led by Guangzhou Automobile Group Co. in a Series C funding round in October, according to a statement on its official WeChat account. Other backers of the company include SoftBank Vision Fund, IDG Capital, CCB International and alternative investment firm CPE. Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? The US Is Withdrawing From Global Health at a Dangerous Time Trump's SALT Tax Promise Hinges on an Obscure Loophole Snack Makers Are Removing Fake Colors From Processed Foods OXO Fought Back Against the Black Spatula Panic. People Defected Anyway ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
China Puts Tariffs on US Soybean, Corn, Agricultural Commodities
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park Beijing will impose tariffs on a slew of US farm products, as part of its countermeasures against Washington, further ratcheting up tensions between the world's two biggest economies. China will add 10% duties on American soybean shipments from March 10, the country's state council announced. American sorghum, pork, and beef will also incur additional 10% tariffs, according to a statement published on the website of the Ministry of Finance. Beijing will also impose 15% extra tariffs on chicken, wheat, corn and cotton from the US. The measures encompass some of the most important US agriculture exports to China, and comes as American farmers are weeks away from planting crops for the coming season. Soybean futures in Chicago extended losses after the announcement, trading 0.8% lower as of 1:20 p.m. in Beijing. Corn and wheat were steady. Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? The US Is Withdrawing From Global Health at a Dangerous Time Trump's SALT Tax Promise Hinges on an Obscure Loophole Snack Makers Are Removing Fake Colors From Processed Foods OXO Fought Back Against the Black Spatula Panic. People Defected Anyway ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Blackstone, Permira's Adevinta Said to Near Willhaben Stake Sale
(Bloomberg) -- Adevinta ASA, the European online classified company backed by Blackstone Inc. and Permira, is nearing an agreement to sell its stake in Austrian digital marketplace Willhaben, according to people familiar with the matter. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park NJ Transit to Deploy Customer-Service Teams After Record Delays Adevinta is finalizing the terms of a sale of its holding to joint venture partner Styria Media Group and European growth investor Sprints, the people said. A transaction is set to value the business at about €500 million ($519 million) and could be announced as soon as Monday, said the people, who asked not to be identified as the information is private. Blackstone and Permira agreed to buy Adevinta in 2023 and it was delisted from the Oslo stock exchange in June last year. Founded in 2006, Willhaben is a joint venture between Adevinta and Styria, which is one of Austria's largest media groups with holdings including the Die Presse and Vecernji List newspapers. The platform includes categories across real estate, cars and job postings. Representatives for Blackstone, Permira and Sprints declined to comment, while Styria didn't immediately respond to queries. Adevinta's private equity owners plan to invest more in other parts of its portfolio including the Leboncoin classifieds site in France, the car marketplace in Germany and its operations in Benelux, the people said. --With assistance from Marton Eder. Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Trump's SALT Tax Promise Hinges on an Obscure Loophole Walmart Wants to Be Something for Everyone in a Divided America Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience OXO Fought Back Against the Black Spatula Panic. People Defected Anyway ©2025 Bloomberg L.P.
Yahoo
04-03-2025
- Business
- Yahoo
Australia Will Consider Ukraine Peacekeeping Force, PM Says
(Bloomberg) -- Australia is open to requests to take part in peacekeeping operations in Ukraine, Prime Minister Anthony Albanese said, reaffirming his support for Kyiv as it faces growing criticism from the Trump administration. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park Australia is 'open to consideration of any proposals going forward' on potentially deploying troops to Ukraine, Albanese said, adding that its struggle against Russia is about the defense of international law. The UK and France have been discussing boots on the ground in Ukraine to ensure its security in the event of a ceasefire with Moscow. 'We stand with the people of Ukraine and we stand with President Zelenskiy,' Albanese told reporters in Sydney on Tuesday. 'There's discussion at the moment about potential peacekeeping and from my government's perspective we're open to consideration of any proposals going forward.' His comments come as President Donald Trump ordered a pause to all US military aid to Ukraine as he seek to increase pressure on President Volodymyr Zelenskiy following a blowup between the two leaders at the Oval Office. Australian says it has contributed more than A$1.3 billion ($808 million) in military support for Ukraine since Russia invaded the former Soviet republic three years ago. Australia reaffirmed its strong support for Ukraine in recent weeks even as Trump has intensified criticism of Zelenskiy. Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? The US Is Withdrawing From Global Health at a Dangerous Time Trump's SALT Tax Promise Hinges on an Obscure Loophole Snack Makers Are Removing Fake Colors From Processed Foods OXO Fought Back Against the Black Spatula Panic. People Defected Anyway ©2025 Bloomberg L.P.
