Betting on an Extreme Future: Your Saturday Asia Briefing
Something for the weekend.
Bloomberg Business
Fallen Pizza Startup Zume Shuts Down After Raising Millions
Zume Inc., a one-time robot pizza business that came to represent the excesses of pre-pandemic venture investing, has shut operations, two people familiar with the matter said.
Tim Scott Presents Himself in Iowa as the Candidate of Optimism
Tim Scott made his second appearance in Iowa as a presidential candidate on Friday, arguing that he can unify the Republican Party by projecting an optimism that will not only lead to victory in 2024 but guide the US into the future.
US ‘Concerned’ About Vietnam’s Detention of Environmentalist
Vietnam’s detention of a prominent environmentalist and the staff of the non-profit she founded “are part of a concerning pattern of arrests of local environmental and civil society advocates” in the Communist country, the US State Department said in a statement.
Biden Lauds Debt Deal With GOP: ‘We Averted an Economic Crisis’
President Joe Biden hailed this week’s budget agreement as proof of his ability to secure hard-won bipartisan victories, telling the nation it saved the US from an “economic crisis” brought on by a first-ever debt default.
A Global Stock Trader’s Guide to More Extreme Weather Events
From Australian mining behemoths to Florida theme parks, investors are betting on whether companies will benefit or take a hit as extreme weather becomes the norm around the world due to climate change.
World’s Most Popular Online Computer Class Turns to AI for Help
The world’s most popular online learning course, Harvard University’s CS50, is getting a ChatGPT-era makeover.
German Soapmaker Henkel Has Option to Buy Back Russian Business
Henkel AG has the right to buy back its Russian operations in the next 10 years if conditions fundamentally change, Chief Executive Officer Carsten Knobel said in an interview with the Rheinische Post newspaper.
Union Action Shuts Some Key West Coast Ports, Employers Say
Labor actions have disrupted work at several key US West Coast port terminals, all of which are part of protracted negotiations for a new contract for dockworkers.
Beverly Hills Voters Choose Lifestyle Over Luxury in Rejecting LVMH Hotel
Rodeo Drive’s storefront windows display the world’s most expensive labels: Gucci handbags, Prada slingback pumps, Chanel perfumes.
