The nature of warfare has changed. I think the Ukraine war has really demonstrated that u not only the use of AI, the use of these kinds of lowcost drone capabilities, but the economic equation has changed as well. When you've got these lowcost drones that are able to take out high value targets, whether that's a tank, whether that's a radar installation on a battleship, that really changes the game.And so we see that as that is disruptive and an opportunity. And I think that's one of the reasons why there' ...

HSBC says it has achieved a world first breakthrough in deploying quantum computing in financial markets. The London based bank used IBM's quantum processor to attain a 34% improvement in predicting bond trade prices. Let's bring in Robert Lee right now, senior analyst at Bloomberg Intelligence, for the details on this apparent breakthrough and what it could mean for banking.So the head of quantum technologies at HSBC telling Bloomberg he sees this potentially as a Sputnik moment for quantum. Yes, I did see ...

Saudi Arabia is set to allow foreigners to own majority stakes in local companies. Currently, there is a cap of 49% for listed companies. Bloomberg Saudi Arabia bureau chief Christine Burke joins us now from Riad.Christine, what do we know about this. It seems to be a really major development. Yeah, Jamaat, this is really a big step.So we had an opportunity to sit down exclusively with the CMA and we asked them point blank when will regulators lift this majority foreign ownership rule that has been in place ...

US President Donald Trump is set to welcome Turkish President Recep Tayyip Erdogan to the White House on Thursday. Erdogan sees the visit as a chance to reset ties that have been shaken by its purchases of Russian arms, diplomatic spats and retaliatory tariffs. The meeting is expected to clear the path for Turkey to buy everything from Lockheed Martin Corp. fighter jets and Boeing Co. planes to liquefied natural gas worth more than $50 billion, according to Turkish officials, who asked not to be identified ...

How significant is it to your mind that you now have the UK, you have Canada, you have France, you have Portugal, other major Western nations moving towards recognizing a Palestinian state. Is it anything beyond just symbolic. I think it is something beyond symbolic because we've had these countries in most countries of the world speaking about a two-state solution for decades yet only recognizing one of the states.And that's a kind of duplicity that that I don't think we should tolerate. I think what peopl ...

Private Equity Performance - The private equity industry peaked in Q2 2021, with US firms achieving quarterly returns of approximately 135% [1] - Rising borrowing costs, due to the Federal Reserve's actions in 2022, have made deals less attractive, impacting returns and profits for institutional investors [2] - A slowdown occurs as reduced asset sales and returns to investors lead to less capital for future deals [3] Limited Partners & Institutional Investor Sentiment - Limited partners, including pension funds and endowments, are reportedly frustrated with private equity performance [3][4] - Despite frustration, limited partners are hesitant to publicly criticize private equity due to its historical performance as a good asset class [4] - Limited partners prefer to wait and see how the situation develops [4]

Tropical Storm Ragasa is moving toward Northern Vietnam after battering the Philippines, Taiwan and Hong Kong over the past two days. Our chief North Asia correspondent Stephen Engle joins us live from the Hong Kong district of Tseung Kwan o where huge waves caused significant damage. Steve, what have you been seeing there.Well, I think the key takeaway is this could have been much worse than it was yesterday, of course. This was the largest storm on record this year, and not only just in the North Pacific, ...

Thank you very much for your time today. I know that we have a very busy geopolitical backdrop and trade environment as well. Let me start with you on trade, because we understand that South Korea is still trying to finalize and write out a trade agreement with the U.S..When could we see the deepening of this negotiation wasn't initiated by us. We didn't start from a position of advantage, nor did we raise the issues. Isn't that the case for the entire world.Since the whole world is negotiating under the ne ...

Well, of course, I think that we should continue to engage with trade partners and investors in the country. To the extent that they're raising issues of concern, we should be able to engage with them. I should admit I haven't had the opportunity to look at the issue itself and the details behind it to be able to give you a comprehensive response.What would you say the current relationship is, though, between South Africa and Taiwan as far as trade goes. Look, the trade environment has remained normal. Taiw ...

ROMAINE: THE WEIGHT OF HIGH EXPECTATIONS. LIVE FROM STUDIO TWO IN NEW YORK, I AM ROMAINE CAUSTIC. SCARLET: I'M SCARLET FU, AND WE ARE COUNTING DOWN TO THE CLOSING BELL. LET'S LOOK AT WHERE THINGS STAND. LOWER STOCKS AND LOWER BONDS. THE S&P 500 RETREATING FROM A RECORD HIGH ON MONDAY. A BRIGHT SPOT IN EQUITIES IS HOMEBUILDERS, UP BY THREE QUARTERS OF ONE PERSON AFTER THE NEW HOME SALES NUMBER OF BLUE AWAY ECONOMIST ESTIMATES. YIELDS MOVING HIGHER ACROSS THE CURVE, THE FIVE-YEAR OPTION FAIRLY SOLID. YIELDS S ...