Bloomberg Business

Amazon and Microsoft’s AI Gains Mask Cloud Slowdown

The buzz around artificial intelligence that’s helped juice gains for Microsoft Corp. and Amazon.com Inc. this year may also be masking struggles in a business far more critical to the pair’s bottom lines.

Zurich Elite Caught in Racism Controversy on Blackface Video

High-profile members of Zurich society have become embroiled in a racism controversy after a leaked video showed attendees at a party for a spring festival applauding a character in blackface and jokes about minorities.

Sweden’s Biggest Pension Fund Apologizes After $2 Billion Loss

Sweden’s biggest pension fund pledged to learn from its almost $2 billion loss stemming from the US banking crisis as executives faced pension savers for the first time since the news of its failed investments broke last month.

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