Bloomberg Businessweek

9 hours ago | bloomberg.com | Alisha Sachdev |Sudhi Ranjan Sen |Shruti Srivastava

A worker on the production line at an auto manufacturing plant in Chennai, India, in 2024. Photographer: Dhiraj Singh/Bloomberg(Bloomberg) -- Indian automakers are facing conditions tougher than others in importing rare earth magnets from China, according to people familiar with the matter, risking a crippling shortage that may disrupt production within weeks.

10 hours ago | bloomberg.com | Shruti Srivastava |Laura Kane

Narendra Modi(Bloomberg) -- Prime Minister Narendra Modi will be attending the Canada-hosted Group of Seven summit later this month as ties between the two nations improve.  The South Asian country is not a member of the G-7, a grouping of seven of the world’s richest countries, comprising the US, UK, Germany, France, Italy, Canada and Japan. But this will be India‘s 12th time participating and Modi’s sixth consecutive invitation to the summit.

12 hours ago | bloomberg.com | Allison McNeely |Dawn Lim |Preeti Singh |Marion Halftermeyer

The Yale University campus in New Haven, Connecticut. (Bloomberg) -- Yale University’s $41 billion endowment, led for decades by the late investing giant David Swensen, has been the envy – and the blueprint — for many US universities eager to secure their financial future. Swensen was the face of higher education’s embrace of private equity, illiquid investments held for the long term.

16 hours ago | bloomberg.com | Mark Schroers |Guy Johnson |Lizzy Burden

(Bloomberg) -- The European Central Bank should take a break from lowering interest rates to give officials a chance to assess recent shocks, particularly from trade, according to Governing Council member Yannis Stournaras. “Now the best thing is wait and see,” the Greek central-bank chief told Bloomberg Television. “It’s nearly done but with such uncertainty worldwide you can never say it’s done.”WATCH: “The best thing is wait and see,” Stournaras says.

19 hours ago | bloomberg.com | Eyk Henning |Arno Schuetze |Crystal Tse

Die Neobank N26 ist dem Vernehmen nach in Gesprächen über eine neue Finanzierungsrunde zu einer reduzierten Bewertung. Sie könnte einigen der bestehenden Investoren wie Coatue Management, Third Point und Dragoneer Investment ermöglichen, einen Teil ihrer Investments zurückzugewinnen. Die Finanzierungsrunde der Serie F würde es den Investoren ermöglichen, einen Teil ihrer Anteile zu verkaufen, berichteten darüber informierte Personen Bloomberg.