Bloomberg News and Videos — Page 481

Volkswagen plans to cut its sprawling model lineup by as much as 50% as part of a savings push. It comes after a supervisory board meeting stopped short of agreeing on deeper workforce reductions at the German automaker. Bloomberg's Elisabeth Behrmann reports.

SK Hynix raised $26.5 billion in its American depositary receipt offering, the largest ever US first-time share sale by a foreign company. The South Korean memory chipmaker's US offering gives the company a powerful fundraising channel, tapping investors looking for more ways to play the artificial intelligence infrastructure trade. Bloomberg's Denny Thomas reports from Seoul.

On Tuesday, the semiconductor-heavy Kospi Index in South Korea dropped 10% from all-time highs. At the same time, investors rotated to the Hang Seng China Enterprises Index which climbed more than 4% in a single day, its biggest advance since April 2025. Opening Trade guests discuss whether this signals an impending bear market, with rising inflation, tariff pass-through effects, and the possibility of central bank interest-rate hikes all adding to market risks.

Norwegian striker Erling Haaland has become a viral sensation in mainland China. Memes featuring the Norwegian football star have spread across Chinese social media with companies also seeking to capitalize on his fame. Bloomberg China Correspondent Minmin Low explains.

Wei Junqing, CEO at Chinese autonomous freight technology firm KargoBot, says he expects the company to be profitable in around two and a half years. He speaks exclusively on "Bloomberg: The China Show."

Will Zhao, Executive President of China based autonomous delivery firm Neolix, outlines the company's growth and expansion strategy in key markets such as the Middle East. He says Neolix's business model is embedded in global shipping workflows, calling it the future of "physical AI" as economies confront labor shortages, aging populations, and rising wages, meeting what he describes as universal demand.

Brendan Burke, Research Director for Semiconductors, Supply Chain and Emerging Technology at Futurum, discusses his outlook for memory-chip maker SK Hynix's as the company is set to deliver the largest ever US first-time share sale by a foreign company. He speaks with Shery Ahn on "Bloomberg: The Asia Trade".Brendan Burke, Research Director for Semiconductors, Supply Chain and Emerging Technology at Futurum, discusses his outlook for memory-chip maker SK Hynix's as the company is set to deliver the largest ever US first-time share sale by a foreign company. He speaks with Shery Ahn on "Bloomberg: The Asia Trade".

Hong Kong's restaurant industry has been struggling as more residents head to mainland China for their weekend leisure and dining. The government has now introduced a pet-friendly scheme allowing dogs to accompany owners at hundreds of newly-licensed restaurants. Bloomberg Opinion columnist Juliana Liu explains why she thinks more still needs to be done to revive Hong Kong as a destination on "Bloomberg: The Asia Trade".

Ankur Crawford, Executive Vice President and Portfolio Manager at Alder, discusses the implications of Meta's AI strategy and its potential impact on the tech and cloud computing sectors. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Stephen Yalof, President and CEO of Tanger Inc., appeared on the program to discuss the company's recent performance. Tanger is experiencing near-record results driven by strong summer traffic, contributing to a significant year-to-date stock increase of 18.28%. He speaks with Romaine Bostick & Katie Greifeld on "The Close."