Funding & Business
Hong Kong Stock ETFs Get Record China Money on AI, Biotech Craze
Hot themes from artificial intelligence to biotech have driven Chinese investors to pour record amounts of cash into locally listed exchange-traded funds that track Hong Kong stocks, a trend that analysts say is likely to continue.
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Accenture CEO Julie Sweet expects long-term growth to be driven by artificial intelligence. Speaking with Caroline Hyde on “Bloomberg Tech,” Sweet says the company is now training more than 700,000 staffers in agentic AI. Accenture CEO Sees AI as a Long-Term Growth Driver (Source: Bloomberg)
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Tesla Inc. Board Chair Robyn Denholm says CEO Elon Musk’s political activity has not hurt the company. “What he does from a political perspective in terms of his political motivations is up to him,” Denholm said Friday. “From a politics perspective, obviously we’re in a democracy, so everyone gets to voice their points of view.” Denholm spoke exclusively on “Bloomberg Tech.” (Source: Bloomberg)
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The US will urge the Group of Seven to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to end the war in Ukraine. Brendan Murray reports on Bloomberg Television.
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