Bloomberg Intelligence data show that Europe needs to spend about $3 trillion through 2035 to reduce its reliance on foreign suppliers for AI and other critical technologies. To achieve full autonomy, much larger investments would be required. Bloomberg's Oliver Crook breaks down the report.
US national debt is approaching $40 trillion, increasing focus on the country’s borrowing and fiscal outlook.
Solana co-founder Anatoly Yakovenko proposed minting extra Solana (CRYPTO:SOL) to fund a company acquisition.
Absa Group is exploring the possibility of converting its representative office in Nigeria into a merchant bank. Chief Executive Officer Kenny Fihla also said he sees opportunities in Uganda, Zambia, Tanzania, Angola. He spoke to Bloomberg's Chief Africa correspondent, Jennifer Zabasajja, to discuss their plans after the group reported net income for the first half-year of 12.58 billion rand vs. 11.23 billion rand y/y.
Itaú Unibanco warned that moving deposits into stablecoins too quickly could affect Brazil’s credit system.
Oil rose for a fourth day as the US and Iran showed no signs of progress towards a peace deal after almost six months of conflict. While Hormuz remains at stalemate, UAE said it fended off 2 missiles from Iran, but Tehran denies the attack. Karen Young, Senior Research Scholar at the Columbia University Center on Global Energy Policy spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa as the conflict rages on.
Anthony Scaramucci said Bitcoin (CRYPTO:BTC) remains in a bear market but has shown greater resilience than before.
Unitree Robotics shares surged about 600% after the robotics company began trading on the Hong Kong Stock Exchange.
Bitcoin (CRYPTO:BTC) may enter an accumulation phase between September and November, according to VanEck.
Goldman Sachs agreed to buy LCN Capital Partners for up to $410 million.
The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low. President Donald Trump announced the decision less than two hours before the tariffs were set to take effect. Bloomberg's Derek Wallbank reports.
Polymarket US processed its first multi-leg sports trade on August 5, generating $7.4 million in volume.
