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Alibaba Calls Off IPO for Logistics Arm Cainiao

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Xiaomi Raises $5.5 Billion From Share Sale to Fund EV Expansion

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Xiaomi has raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to …

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Fed Meeting Only Matters in Short-Term: 3-Minute MLIV

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Anna Edwards, Guy Johnson, and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The …

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Chinese AI Pioneer Questions OpenAI’s Sustainability

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Chinese entrepreneur and AI pioneer Kai-Fu Lee says he questions the sustainability of OpenAI, and discusses the impact of …

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BYD Unveils New Battery System That Can Charge Cars in Five Minutes

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BYD unveiled a new battery and charging system that can charge almost as fast as it takes to refuel a regular car. Tesla’s Chinese …

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UK’s Reeves on Economy, Fiscal Rules, Borrowing, Benefits

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UK Chancellor of the Exchequer Rachel Reeves discusses the October budget and fiscal rules as the Organisation for Economic Co-operation and Development predicted the pace of global expansion of 38 rich countries to slow. In an interview with Bloomberg’s Lizzy Burden, Reeves also discusses the nation’s “fiscal headroom” and the need to reform the benefits system. She was speaking after talks with regulators including the Financial Conduct Authority and the Prudential Regulation Authority in Downing Street on Monday.

00:00 – Rachel Reeves on regulators, making it easier for businesses to do business in the UK
02:01 – OECD downgrading growth forecasts, right decisions were made in the October budget
04:26 – Reeves on fiscal headroom, set of fiscal rules by UK Chancellor of the Exchequer
05:23 – Need to reform the benefits system
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