In This Article: By Kane Wu HONG KONG (Reuters) - Japan's Seven & i Holdings said on Wednesday it has received a buyout proposal from its vice president who is a member of its founding Ito family. The statement follows a Bloomberg report that the 7-Eleven owner was considering a management buyout…

On today’s exciting episode of Quick Charge, we’ve got the Vistiq! It’s all-new, three row SUV from Cadillac that packs 650 hp and can go from 0-60 mph in under 3.5 seconds, a serious word from Rivian, and something fishy at Tesla. We’ve also got word that Hertz is selling off even more of its…

Emergency funding deal would give struggling water company £3bn lifeline Thames Water has been teetering on the brink of collapse since being described as “uninvestible” in March when shareholders refused to pour in more cash. The government has been on standby for nationalisation through a…

EU irate about geo-locked Apple IDs Ever try to change your account's registered country? It's nigh impossible The European Union has demanded more platform changes from Apple – this time accusing it of violating anti-geoblocking rules in several of its media services. The European Commission…

Swedish fintech ‘confidentially submitted’ documents to SEC

Prelude is a new a new French startup that focuses on SMS verification; it’s coming out of stealth Wednesday. The two founders met when they were working for Zenly, a popular location-sharing app with tens of millions of users that was acquired by Snap (and later shut down). While you might not…

Even before Donald Trump named Elise Stefanik the new U.S. ambassador to the United Nations, the New York representative had touted how the president-elect would return to a "maximum pressure" campaign on Iran. The Wall Street Journal said Trump would "drastically increase" sanctions to "choke…

Revolut, which claims to have over 45 million customers globally, launched Revolut X as its stand-alone exchange in the UK earlier this year.

Why the government's flood insurance program is underwater Major flooding events are increasingly common across the U.S., but homeowners looking for flood insurance will find few choices. The main providers of flood insurance is the U.S. government through the National Flood Insurance Program, or…

The strange way the world's fastest microchips are made This is the story behind one of the most valuable — and perhaps, most improbable — technologies humanity has ever created. It's a breakthrough called extreme ultraviolet lithography, and it's how the most advanced microchips in the world are…

Major European stock markets opened mostly lower on Wednesday as investors' main focus shifted to October's inflation figures from the United States, pivotal statistics in shaping the Federal Reserve'...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Google DeepMind has unexpectedly released the source code and model weights of AlphaFold 3 for academic use, marking a significant advance that could accelerate scientific…

In This Article: DENPASAR, Indonesia (AP) — Several international airlines canceled flights to and from Indonesia’s tourist island of Bali on Wednesday as an ongoing volcanic eruption left travelers stranded at airports. Indonesia’s Mount Lewotobi Laki Laki volcano on the remote island of Flores…

The US Consumer Price Index is set to rise 2.6% YoY in October, faster than September’s 2.4% increase. - Annual core CPI inflation is expected to remain at 3.3% in October. - The inflation data could significantly impact the market’s pricing of the Fed’s interest rate outlook and the US Dollar…

Germany’s election campaign kicks into high gear on Wednesday, when Chancellor Olaf Scholz makes his case in a public address for another term, despite polls showing voters are overwhelmingly looking for a change. Most Read from Bloomberg Scholz’s Social Democrats will tout the chancellor’s…

President-elect Donald Trump, on Tuesday, greenlit the formation of the Department of Government Efficiency or DOGE, the acronym which almost sounds like a parody of the cryptocurrency known as Dogecoin (CRYPTO: DOGE). As the department promises to restructure federal agencies and reduce…

Bunny Chan, who is a deputy to the National People’s Congress, and Paggy Chan, are the new owners of Twenty One Whitfield.

Singapore’s Oversea-Chinese Banking Corp. has enough capital for business growth even as Chief Executive Officer Helen Wong signals her appetite for deals while keeping the bank’s dividend policy. Most Read from Bloomberg “We are well-capitalized,” Wong said Wednesday in an interview with Haslinda…

Cao Xin is a senior researcher at The Charhar Institute, a Beijing-based think tank. I had the opportunity to observe the American presidential election on the morning of Nov. 6 (China time) at the U.S. embassy in Beijing. For China, the world's second-largest economy, Donald Trump's victory…

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