Elon Musk should work with South Africa and launch his Starlink satellite internet service there, the country’s deputy communications minister Mondli Gungubele said in an interview in Cape Town. The service has not launched in the continent’s largest economy, with Musk criticizing as racist laws that require telecommunications companies to be 30% owned by Black citizens. The Deputy Minister was speaking with Bloomberg TV's Jennifer Zabasajja (Source: Bloomberg)
Hewlett Packard Enterprise Co. boosted its networking revenue forecast and announced a $1.2 billion order from cloud company Vultr, giving fresh signals that it’s benefiting from the AI build-out.
KKR’s co-head of European Infrastructure, Vincent Policard says Europe needs as much as $800 billion a year in infrastructure investment — almost double current levels — as governments seek private capital to strengthen strategic sectors including AI and space. In an interview on "The Pulse With Francine Lacqua", he also discussed KKR’s investment strategy and why the UK remains attractive despite uncertainty around the water sector. (Source: Bloomberg)
Singapore received its first notification of an AI-related data breach after a food company accidentally disclosed customers’ email addresses to other recipients of a bulk email, the Straits Times reported, citing the country’s Personal Data Protection Commission.
Apple Inc. plans to make its long-delayed push into the smart-home market on Oct. 13, marking a critical product expansion for the company under new Chief Executive Officer John Ternus.
Micron Technology Inc. shares have rebounded from a summer selloff as fears about a potential pullback in AI spending have faded. Now investors want assurances from the memory-chip maker that the long-term outlook for demand remains bright.
Ken Griffin is donating $3 billion to Carnegie Mellon University, most of it to establish a new campus in Miami, in the largest single gift committed to a US university.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, says European stocks have remained resilient and have "done rather well" in the face of inflationary pressures and rising bond yields. He also comments on French bond yields. Speaking on Bloomberg Television, Oppenheimer says the profit story "is still solid," but should markets experience a further sharp bond selloff, equities could "become vulnerable." (Source: Bloomberg)
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Legrand CEO Benoit Coquart says the electrical equipment maker will continue to do a 'lot of acquisitions', which he believes, won't damage the financial profit of the French-based group. He speaks with Haidi Stroud-Watts on "Insight with Haslinda Amin."
Original filename: 20260930_054350_Legrand_CEO_Says_AI_Data_Center_Boom_Still_Driving_Growth_W.mp4 (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter. The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people. This comes after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg's Neil Campling reports. (Source: Bloomberg)
Glencore Plc and Yancoal Australia Ltd. have received approval for a major expansion of their jointly owned coal mines in the Hunter Valley region of eastern Australia that enables operations to continue until 2045.
DeepSeek has publicly released software it created with Huawei Technologies Co. to program AI chips, showcasing its close partnership with the Chinese company working to develop technologies to replace Nvidia Corp.
A protégé of Michael Burry has warned that South Korea’s cheap stocks come with a catch: much of their value is often kept out of reach of minority shareholders.
US-based PaleBlueDot AI is in talks with potential lenders including Brookfield Asset Management for $600 million of private credit to buy chips for its site in South Korea, according to people familiar with the matter.
Apple Inc. is set to sell about 6 million units of the iPhone Duo this year, Counterpoint Research said, offering the first estimate for how the company’s inaugural foldable device will fare.
