Efforts continue both by air and land to contain wildfires that broke out in forested areas across Antalya’s Aksu, Muratpaşa and Manavgat districts in southern Türkiye on Thursday. The fires erupted for unknown reasons in the Kurşunlu neighborhood of Aksu, the Güzeloba neighborhood of Muratpaşa and the Güzelyalı neighborhood of Manavgat. Upon notification, helicopters, water trucks (arazöz) and forest workers from the Antalya Regional Directorate of Forestry, as well as riot control vehicles (TOMAs) from the Provincial Police Department, were dispatched to the scenes. In Aksu and Muratpaşa, where the fires are close to residential areas, police used loudspeaker announcements…
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The country is approaching a new era with the “terror-free Türkiye” initiative, Justice Minister Yılmaz Tunç said on Thursday, underlining full institutional coordination and public support to eliminate violence and ensure national unity. Speaking during a meeting with Justice and Development Party (AK Party) officials in Adana, Tunç emphasized that recent developments point to a significant milestone in the fight against terrorism. “We are making great strides in our goal for a Türkiye without terror. This is being pursued as a state policy and implemented with the full coordination of our institutions. It is closely monitored, and every step is…
00:00>> “BLOOMBERG TECH”‘S LIVER FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS “BLOOMBERG TECH.” INTEL SHARES TUMBLE AFTER THE CEO, CONCERNS HE IS MORE FOCUSED ON COST CUTTING THAN INNOVATION. CAROLINA: TESLA SET TO ROLL OUT ITS ROBOTAXIS SERVICE ACCORDING TO REPORTS. HOW BUREAU IS IT WITH A PERSON IN THE DRIVER SEAT? ED: THE FCC APPROVES A PARAMOUNT MERGER AFTER A FEW CONCESSIONS TO APPEASE THE TRUMP ADMINISTRATION. CAROLINE: FIRST, WE CHECK ON THESE MARKETS, AFTER A WEEK THAT HAS BEEN A RELATIVELY TERMINAL ONE IN THE FACE OF THE…
Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy, which may increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers. Signaling growing demand for the world’s second-largest cryptocurrency, a group of crypto researchers and public market experts announced the launch of the largest yield-bearing Ether fund for…
The tokenization of money market funds marks a significant step in preserving the appeal of “cash as an asset,” especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, Ho noted that such services will help maintain the competitiveness of these funds while unlocking new use cases, such as margin collateral. This development is particularly timely given the recent passage of the US GENIUS Act, a comprehensive stablecoin…
00:00This is Bloomberg Businessweek Daily, reporting from the magazine that helps global leaders stay ahead with insight on the people, companies and trends shaping today’s complex economy. Plus, global business, finance and tech news as it happens, Bloomberg Businessweek Daily with Carol Massar and Tim Stan event live on Bloomberg Radio, Television, YouTube and bloomberg originals. All right, everybody. Good afternoon, Carol Massar tim stanwick live here at bloomberg headquarters in new york city. Across bloomberg platforms and stocks are on track to finish the week at a record close. Earnings trade deals fed pressure abound. There’s a lot going…
00:00Right now it feels like there are two powerful megatrends that are playing out in the enterprise market. The first is the continued move by companies of their workloads to the cloud, of their applications to the cloud. And the second much bigger trend that’s playing out right now is the adoption of AI by companies. And those two powerful megatrends are driving our business and fueling the growth that you saw in the quarter. And so what we’re seeing on the AI side is, you know, this is the fastest in my career that I’ve seen a technology move…
In the 1960s and 70s, the youth of the United Kingdom, the United States and Australia rebelled by protesting against the Vietnam War, trying psychedelic drugs, embracing free love and discovering the Beatles. Meanwhile, what their contemporaries in China were getting up to was just as transformative. The key difference, as Linda Jaivin’s book shows, is that the young Chinese rebels’ actions had profoundly destructive consequences – and their senseless behavior was masterminded by their “great leader,” Mao Zedong. Review: Bombard the Headquarters! The Cultural Revolution in China – Linda Jaivin (Black Inc.) Bombard the Headquarters! is a compelling but…
Spain Prime Minister Pedro Sanchez and US President Donald Trump don’t see eye to eye on China. Image: X Screengrab The United States could soon impose severe consequences on Spain’s Sanchez administration for advancing the claim that the use of Huawei technology in its storage system for Spanish judicial wiretaps does not pose a national security threat. The Trump administration and the US Congress have made it clear that they believe that it is in the US national interest to aggressively counter the use of Chinese hardware and software in and around the national security-sensitive infrastructure of the United States…
Palestinians in the Gaza Strip are pleading for help as more people have starved to death under Israel’s unrelenting blockade of the coastal enclave. The Gaza Health Ministry said in a statement on Friday that local hospitals recorded nine new malnutrition deaths in the previous 24 hours. That brings the total number of such deaths to 122 since Israel’s war on Gaza began in October 2023, including at least 83 children. “We urgently demand an immediate end to the famine, the opening of all crossings, and the entry of infant formula now, along with 500 aid trucks and 50 fuel…