Bloomberg CityLab

CityLab began its journey in September 2011 under the name The Atlantic Cities, co-founded by Richard Florida, an expert in urban studies and a professor. This independent platform is dedicated to discussing and clarifying "the most creative ideas and critical challenges that today’s cities and neighborhoods face." In 2014, it was rebranded to CityLab.com. The site focuses on various topics including transportation, the environment, social equity, lifestyle, and design. It features tools like Navigator, which serves as a resource for urban living, and Solutions, which addresses challenges across a range of subjects. In 2015, CityLab partnered with Univision to create CityLab Latino, which offers original journalism in Spanish along with translated articles from the English version of CityLab.com. The last update for this section was in 2018. In December 2019, Atlantic Media sold CityLab to Bloomberg Media, which resulted in significant layoffs, affecting half of the staff.

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Kuwait Weighs Plan for Additional $4 Billion Investment in Egypt

7 hours ago | bloomberg.com | Fiona MacDonald |Mirette Magdy

Residential and commercial buildings in Cairo, Egypt. (Bloomberg) -- Kuwait is in advanced discussions to convert $4 billion of deposits held in Egypt’s central bank into investments in the country, another boost for the Middle East’s most populous nation as it rebounds from the worst economic crisis in decades.
India’s Water Treaty Suspension Spells Risk for Pakistan’s Farms

12 hours ago | bloomberg.com | Faseeh Mangi |Pratik Parija

A wheat harvest in the Chakwal district of Punjab province, Pakistan. (Bloomberg) -- India’s unprecedented move to suspend a water-sharing pact in response to a gun attack in Kashmir earlier this week threatens to hurt crops and power generation in Pakistan, just as temperatures begin to rise sharply in the pre-monsoon summer. Disruption is unlikely to be swift, agricultural and diplomatic experts said, pointing out India does not currently have the capacity to divert large volumes of water.
Davidson Kempner Sees Europe’s Flaws as Credit Opportunities

12 hours ago | bloomberg.com | Constantine Courcoulas

The Euronext stock exchange in Paris. Photographer: Nathan Laine/Bloomberg(Bloomberg) -- Europe’s fragmentation and market inefficiencies actually offer attractive opportunities for flexible capital providers as banks retreat, according to Davidson Kempner, a $37-billion global investment firm.
Trump Backs Off on Powell, China Amid Dire Warnings

16 hours ago | bloomberg.com | Lily Nonomiya

Good morning. Donald Trump backs off on his two frequent punching bags. The US turns up pressure on Ukraine. And online merchants are being bombarded with offers to help dodge tariffs. Listen to the day’s top stories. Confronted with fresh warnings from financial markets, business leaders and top advisers, Donald Trump this week eased off on two of his frequent punching bags: Federal Reserve Chairman Jerome Powell and China.
Australia Election 2025: What Investors Are Watching Out For

17 hours ago | bloomberg.com | Chris Bourke

Never miss an episode. Follow The Bloomberg Australia Podcast today. As voters start heading to the polls in the Australian election, the market turbulence from Donald Trump’s trade war continues to drown out much of the leaders’ campaigns - even as some policies could impact investments across a range of asset classes.
BOJ Watchers Expect Delay in Rate Hikes With Lower Terminal Rate

22 hours ago | bloomberg.com | Toru Fujioka |Cynthia Li

(Bloomberg) -- Bank of Japan watchers forecast a delay in interest-rate hikes and a lower level at the end of the cycle after US President Donald Trump’s tariff measures darkened the economic outlook, according to a Bloomberg survey. All 54 economists see no policy change at the two-day meeting ending on May 1, according to the poll. Those expecting a hike by September plunged to 45% from 89% in the previous survey.
ZUS Coffee to Add 200 Southeast Asia Stores in Starbucks Duel

22 hours ago | bloomberg.com | Ram Anand |Netty Ismail

ZUS overtook Starbucks as Malaysia’s largest-coffee chain in early 2024. (Bloomberg) -- Coffee shop operator Zuspresso Sdn. plans to open nearly 200 new stores in Southeast Asia this year, after surpassing Starbucks as Malaysia’s largest coffee chain within five years of inception. The ZUS Coffee brand owner will open at least 107 new stores in Malaysia, add about 80 in the Philippines, and another six in Singapore, Chief Operating Officer Venon Tian said in an interview.
Romania Sees Next Eurobond Sale After Presidential Election

1 day ago | bloomberg.com | Zijia Eleanor Song |Andra Timu

A pedestrian in a near empty street in central Bucharest, Romania, on Wednesday, Aug. 17, 2022. Romania GDP held steady under an avalanche of economic challenges rising 5.3% year-over-year, data from the National Institute of Statistics in Bucharest show.
Apple CEO Cook Urged by Senator Warren to Disclose Trump Tariff Talks

1 day ago | bloomberg.com | Mark Gurman

The Apple iPhone 16 Plus during the first day of in-store sales at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Apple Inc. introduced the latest version of its flagship device, the iPhone 16, betting it can entice consumers with modest hardware upgrades and AI technology that's still on the horizon. Photographer: Victor J. Blue/Bloomberg(Bloomberg) -- Senator Elizabeth Warren on Wednesday questioned Apple Inc.
BlackRock’s Head of iShares Canada Departs Firm

1 day ago | bloomberg.com | Chunzi Xu

BlackRock headquarters in New York, US, on Tuesday, April 8, 2025. Blackrock Inc. is scheduled to release earnings figures on April 11. (Bloomberg) -- BlackRock Inc.’s head of iShares in Canada, Helen Hayes, has left the firm as part of a broader restructuring, according to an internal memo seen by Bloomberg. Hayes “expressed her intention to pursue new opportunities outside of the firm,” said the memo, which outlined a series of organizational changes without indicating that she would be replaced.