Leaders With Lacqua

Francine Lacqua delves into the motivations of some of the most powerful individuals in the world. She engages her guests in conversation about what fuels their passion, prompts them to elaborate on their definition of success, and encourages them to share their sources of inspiration.

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Trump Attacks South Africa Again, Days Before Ramaphosa Visits

5 hours ago | bloomberg.com | Jordan Fabian |Neil Munshi

US President Donald Trump speaks to members of media on Air Force One on May 15. (Bloomberg) -- US President Donald Trump for the second time in a week accused South Africa of perpetrating a genocide against White people — without any proof — just days before he is set to receive the country’s president, Cyril Ramaphosa, in the White House. “We treat people very well when we see there’s a genocide going on,” Trump told reporters on board Air Force One, responding to a question.
Putin Still Holds All the Cards in Ukraine, With No Reason to Fold

10 hours ago | bloomberg.com | Max Hastings

Ukrainian President Volodymyr Zelenskiy in Ankara May 15. (Bloomberg Opinion) -- While we anguish over Donald Trump’s wars on trade, judges, migrants, aid recipients and universities, spare a thought for Volodymyr Zelenskiy. Every morning when Ukraine’s president wakes up, he must ask himself whether this is the day the US will again cut off its lifeline flow of arms to his country.
Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers

12 hours ago | bloomberg.com | Rachel Yeo |Chloe Meley

(Bloomberg) -- Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters. The surprise truce between the US and China, temporarily bringing down tariffs on each other’s goods, will probably give way to a surge in transpacific shipping in the coming weeks, lifting earnings for Cosco Shipping Holdings Co., A.P. Moller-Maersk A/S, and Mitsui OSK Lines Ltd., said Bloomberg Intelligence analyst Kenneth Loh.
Distressed Hong Kong Builder Parkview Gets Private Loan From PAG

14 hours ago | bloomberg.com | Pearl Liu |Megawati Wijaya

The Hong Kong Parkview apartment complex. (Bloomberg) -- Hong Kong’s Parkview Group has obtained a HK$300 million ($38 million) private credit loan from investment firm PAG, according to a person familiar with the matter, as banks grow reluctant to extend funds to the cash-strapped developer. The bridge loan carries a nine-month tenor and offers a yield in the low-to-mid-teens, people familiar with the matter said, asking not to be identified discussing private matters.
Baidu, Bilibili, Lenovo Report as US-China Trade Tensions Ease

15 hours ago | bloomberg.com | Rachel Yeo |Justina Lee |Harshita Swaminathan |Reina Sasaki

Baidu’s artificial intelligence business will be compared with rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. as competition intensifies in the space. (Bloomberg) -- Baidu Inc., Bilibili Inc. and Lenovo Group Ltd. are among the Chinese tech firms in focus for next week’s earnings, just as the easing US-China trade war brings back some optimism for the sector. Baidu’s artificial intelligence business will be compared with rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd.
Japan’s Surging Yields Put Policymakers in a Difficult Position

16 hours ago | bloomberg.com | Mia Glass |Masaki Kondo

(Bloomberg) -- After years of moving at a glacial pace, yields in Japan’s $7.8 trillion government debt market are shifting higher at breakneck speed. The moves in the nation’s longer-maturity bonds have been particularly acute, outpacing anything seen in other major markets. The surge has pushed 30-year yields to within a whisker of a record high and to double the level of the benchmark 10-year rate, which has also ascended rapidly after being near zero just four years ago.
Singapore Airlines to Pay Staff Almost Eight Months’ Bonus

16 hours ago | bloomberg.com | Ruth Carson |Danny Lee

Employees will be paid 7.45 months’ bonus, lower than the 7.94 months received a year ago. (Bloomberg) -- Singapore Airlines Ltd. will reward employees with a profit-sharing bonus worth almost eight months after delivering full-year net income of S$2.78 billion ($2.1 billion) that beat analyst estimates. Employees will be paid about 7.45 months’ bonus, lower than the 7.94 months received a year ago, Chief Executive Officer Goh Choon Phong said on Friday.
India’s Greenko Founders Eye New Deal to Buy Stake From Orix

16 hours ago | bloomberg.com | Megawati Wijaya |Saikat Das

Solar panels and wind turbines in Tuticorin, India. Photographer: Prashanth Vishwanathan/Bloomberg(Bloomberg) -- The founders of Indian clean energy producer Greenko Energy Holdings are still working on purchasing Orix Corp.’s stake in the company, despite the Japanese financial group’s announcement cancelling the sale, said people familiar with the matter.
Trump Argues Immunity in Fight With Truth Social Co-Founders

22 hours ago | bloomberg.com | Jef Feeley |Sabrina Willmer

The Truth Social logo on a laptop arranged in New York, US, on Friday, March 22, 2024. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market, reported the AP.
The Fed Should Correct for Overconfidence in Its Review

23 hours ago | bloomberg.com | Jonathan Levin

Changing times: Fed Chair Jerome Powell and former Chair Ben Bernanke (Bloomberg Opinion) -- In a speech Thursday, Federal Reserve Chair Jerome Powell hinted that the central bank’s five-year framework review will focus on the particulars of its maximum employment and stable price goals, as well as efforts to communicate clearly with the public. In both cases, the Fed should be guided by humility in the face of uncertainty.