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Bloomberg

Swiss Economy Depends on Foreign Workers: Economiesuisse

If Switzerland votes to cap the population at 10 million inhabitants, this could severely impact labor-intensive sectors like restaurants, construction, and healthcare, as well as innovative sectors like scientific research and product development, all of which depend 'heavily' on foreign workers, says Rudolf Minsch, Chief Economist at Swiss business sector umbrella organization Economiesuisse. He spoke on 'The Pulse with Francine Lacqua' on Bloomberg TV.

Read more: Swiss Economy Depends on Foreign Workers: Economiesuisse
Bloomberg

When Will the UK Have Its First £100 Billion Tech Firm?

James Wise, general partner at Balderton Capital, says the UK could soon have its first £100 billion tech company. Wise, who also serves as chair of the UK Government's Sovereign AI fund, says policymakers must work with investors to help British firms scale globally. He speaks to Bloomberg's Tom Mackenzie at London Tech Week.

Read more: When Will the UK Have Its First £100 Billion Tech Firm?
Bloomberg

SpaceX IPO Shows Willingness to Finance AI, Waldron Says

John Waldron, Goldman Sachs president and chief operating officer discusses SpaceX's record IPO and whether markets can absorb two other possible big IPOs by the end of the year. "Capital markets are demonstrating a willingness to finance these extraordinary companies as we build out this AI infrastructure," he tells Bloomberg Television.

Read more: SpaceX IPO Shows Willingness to Finance AI, Waldron Says
Bloomberg

Tech Secretary Vows More Help for UK AI Sector

Technology Secretary Liz Kendall says the UK's Labour government will strengthen efforts to drive institutional funds into British tech companies, as she pledged more backing for the country's artificial intelligence sector. Speaking to Bloomberg TV during London Tech Week, Kendall said she wants The government wants to unlock investment into UK firms with legal reforms to how pension funds are run.

Read more: Tech Secretary Vows More Help for UK AI Sector
Bloomberg

London's AI Ecosystem Never Better: ElevenLabs CEO

ElevenLabs Chief Executive Officer Mati Staniszewski says a growing number of founders believe they can build global companies from Britain. ElevenLabs, which uses AI to create a variety of realistic voices, is the UK's most valuable AI start-up at $11 billion. Staniszewski spoke to Bloomberg's Tom Mackenzie at London Tech Week.

Read more: London's AI Ecosystem Never Better: ElevenLabs CEO
Bloomberg

SpaceX Makes History With Biggest-Ever IPO

SpaceX raised $75 billion in its IPO, pricing 555.6 million shares at $135 each, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire. Bloomberg Intelligence's Matthew Bloxham breaks down the situation and what to expect from SpaceX's first day of trading.

Read more: SpaceX Makes History With Biggest-Ever IPO
Bloomberg

Central Banks Face Growing Pressures: Markets Snapshot

Central banks are staring down a pivotal moment for global monetary policy as they grapple with a growing list of risks. Incoming Fed Chair, Kevin Warsh will need to find a way to navigate the central bank's policy path amidst a combination of higher energy prices and a surprisingly strong US jobs report. Meanwhile in Europe, the ECB and BOE face the prospect of secondary effects due to the war in Iran and a sluggish growth outlook. The Opening Trade spoke to key voices around the challenges facing central banks and the judgment behind the decisions.

Read more: Central Banks Face Growing Pressures: Markets Snapshot