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Bloomberg Retracts Incorrect Story on RBI Gold
Bloomberg News retracted a story published June 2 that was based off an incorrect analysis by Bloomberg Economics. The analysis erroneously used same-day domestic gold prices to value RBI’s gold reserves. Using previous day’s London Bullion Market Association price shows that gold holdings were unchanged in May.
Dalio Sees AI Bubble Bursting as Wealth Is Converted Into Money
Ray Dalio, founder of Bridgewater Associates LP, during a Bloomberg Television interview during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23.
Gita Gopinath on Why Interest Rates Have Surged All Around the World
Gita Gopinath, former managing director of the International Monetary Fund (IMF), during a Bloomberg Television interview during the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23.
BOE’s Bailey Warns of Possible AI Rationing on Capacity Limits
Andrew Bailey, governor of the Bank of England (BOE), during a Bloomberg Television interview at the Reykjavik Economic Conference in Reykjavik, Iceland, on Friday, May 29, 2026. The Bank of England could tolerate inflation temporarily staying above its 2% target in order to support the UK's weak economy, Governor Andrew Bailey said - so long as second-round price effects do not emerge.
Iran war impact: RBI likely sold $12bn gold reserves to shield foreign currency assets
Amid the ongoing US-Iran conflict, the Reserve Bank of India may have sold some of its gold holdings to protect foreign exchange reserves from the economic fallout of the Middle East situation, according to a report. India, the world's third-largest importer of crude oil, is facing mounting pressure on its foreign exchange resources as the conflict in the Middle East pushes up energy costs and weakens the domestic currency. To limit the impact of these external shocks, the government has...
RBI debunks report claiming it sold $12 billion worth of gold to protect forex reserves
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday dismissed report claiming that it may have sold gold worth about $12 billion to bolster foreign exchange reserves and support the rupee amid economic pressures linked to the ongoing US-Iran conflict. In a press release, RBI said, "The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasises that these reports are not correct.
How Iran’s ‘bazaar style’ negotiation tactic is stalling deal discussions to its benefit
How Iran’s ‘bazaar style’ negotiation tactic is stalling deal discussions to its benefit The Iranian penchant for what Tehran’s foreign minister calls ‘continuous and tireless’ bargaining appears to be wearing down Donald Trump, writes Maira Butt - Bookmark - CommentsGo to comments Negotiations between the US and Iran over an end to the war on the country have been languishing in a stalemate for weeks as both sides remain intransigent about key issues including nuclear development and the...
Commentary: What if AI retraining is just a comforting lie?
Commentary: What if AI retraining is just a comforting lie? If upskilling is being touted as the bridge to an AI future, it must lead somewhere, says Catherine Thorbecke for Bloomberg Opinion. No one knows whether artificial intelligence will trigger a white-collar jobpocalypse.
Bank of England’s Bailey Says UK Banks Still Lack Mythos Access
You are a news summariser. Write a 2-3 sentence summary of the article. Be factual and concise. No commentary. UK English.
AI Firms’ Explosive Growth Improves the Math for Late-Stage Investors
AI Firms’ Explosive Growth Improves the Math for Late-Stage Investors Later investments are producing much higher returns than in the past This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Rebecca Torrence looks at the way artificial intelligence startups are changing the economics of venture investing.