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BLOOMBERG Deadly battles between Sudan’s army and a rival paramilitary group spread across the country during a second day of violence, with fatalities rising to at least 56 amid fears of a full-blown civil war. Intense fighting took place at the military’s headquarters in the capital Khartoum, causing parts of the building to catch fire, the army said in a ...

BLOOMBERG Netflix Inc is working to bring its nascent video-game service to television sets for the first time, moving beyond smartphones and tablets in a sign of its growing ambitions. Code hidden within Netflix’s app includes references to games played on the TVs, signalling that such a plan is in motion. The code also mentions using phones as video-game controllers. ...

BLOOMBERG The US is hard at work with partners and allies to streamline global supply chains for semiconductors and restore its leading edge in chip technology, according to a top official overseeing the efforts. “We don’t want a race to the bottom,” Mike Schmidt, director of the Chips Program Office, told Tracy Alloway and Joe Weisenthal on Bloomberg’s “Odd Lots” ...

BLOOMBERG Apple Inc is ramping up testing of fresh Macs with processors on par with the current M2 chip, making headway on key new machines that could help reverse a sales decline. The Mac maker has begun testing the new machines with third-party apps from the App Store to validate their compatibility, according to developer logs shared with Bloomberg News. ...

BLOOMBERG  HSBC Holdings Plc said rising interest rates have put a deal to sell its French retail banking business into question, a potential blow to its plans to streamline its global operations. The UK lender said in a statement that “significant, unexpected interest rate rises in France” since it signed a memorandum of understanding with Cerberus’s My Money Bank in ...

BLOOMBERG  Royal Bank of Canada (RBC) topped JPMorgan Chase & Co last year to become the world’s largest backer of fossil-fuel companies, providing more fodder to critics who say the lender isn’t living up to its climate commitments. Royal Bank provided $42.1 billion of funding to the industry, up 4.2% from a year earlier, surpassing the $39.2 billion provided by ...

BLOOMBERG  JPMorgan Chase & Co surged the most in almost 11 months after boosting its guidance for net interest income (NII) and reporting an unexpected increase in deposits. NII soared 49% in the first quarter, a bigger jump than analysts expected, and the bank said it now expects the figure to clock in at about $81 billion for this year. ...

BLOOMBERG  Strength in the euro is emboldening Citigroup Inc strategists to boost their bullish call on emerging-market currencies. The euro area’s brightening outlook and the likelihood of a shallow US recession suggest a “lack of catalysts” for a stronger dollar, the Citigroup team including Dirk Willer and Luis Costa said in a report. The euro climbed to its highest level ...

BLOOMBERG  China’s megabanks are planning at least 40 billion yuan ($5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025. Industrial & Commercial Bank of China Ltd (ICBC) and its three closest rivals are planning to tap domestic debt markets to sell a new category of total loss-absorbing capacity (TLAC) bonds ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. (9) of 2023 regulating the operations of autonomous vehicles in Dubai. The new law aims to accelerate Dubai’s smart mobility transformation, attract investments in the sector and provide a regulatory environment that facilitates ...