Business
Thames Water Set for Pivotal Ruling
The future of Thames Water hangs on a decision this week by the industry regulator. Ofwat will rule Thursday on Thames Water’s £20 billion ($25.6 billion) business plan — a five-year overhaul of crumbling infrastructure that requires a sharp increase in customer bills. Bloomberg’s Jessica Shankleman reports.
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Business
Kering CEO on Gucci, Demna, Icicle and Impact of Mideast Conflict
Kering CEO Luca de Meo discusses the impact of the war in the Middle East on sales, the firm’s partnership with ICCF, the …
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Business
Reed Hastings Stepping Down as Netflix Chairman and Co-Founder
Bloomberg’s Geetha Ranganathan breaks down a subpar earnings report from Netflix, as the media giant’s forecast fell short of analyst estimates.
Alongside the report, Netflix also announced that its co-founder and chairman Reed Hastings would step down from the board in June after 29 years.
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Business
India’s Parliament Expansion and the North-South Divide
India’s government is pushing to expand parliament and advance seat redistribution, prompting opposition from southern states that fear losing political influence to the more populous north. The debate centres on delimitation, women’s reservation and federal balance, with implications for future elections. Yamini Aiyar, Senior Visiting Fellow at Brown University, joined Haslinda Amin and Menaka Doshi on Insight with Haslinda Amin to explain why the timing and process are contentious.
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Business
EU Special Rep. Says Peace Requires Israel Restrains Itself
European Union Special Representative for Human Rights Kajsa Ollongren joins David Gura and Christina Ruffini on Bloomberg This Weekend the upcoming European Leaders Summit as they meet on Friday for talks with the war in Iran on the agenda.
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Business
Global Financial Watchdog to Share Insight on Anthropic’s Mythos
The Financial Stability Board is gathering information from members about potential risks posed by Anthropic’s Mythos model as it look to share such insights more broadly among its network of regulators and central bankers to help them judge the risks of autonomous cyber attacks. Bloomberg’s Jake Bleiberg reports.
Bank of Canada Governor Tiff Macklem, who heads the FSB’s key committee for monitoring risks, said officials have “work to do” as they assess the severity of the risks posed by the artificial intelligence model relative to other budding dangers like private credit and the global energy crisis.
The topic has featured heavily in conversations at this week’s International Monetary Fund and World Bank meetings. It was discussed at a meeting of FSB representatives on Wednesday amid concerns that financial systems beyond the US are disadvantaged because they have little access to the model created by San Francisco-based Anthropic.
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