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Rappler's latest stories on Bloomberg


World's 500 richest people lose $238.5 billion on 'Black Monday'

Mar 11, 2020 - 5:00 PM

The global market plunge on Monday, March 9, erases $5.8 billion from the net worth of Asia's richest person, Indian magnate Mukesh Ambani, who is now overtaken by Chinese tycoon Jack Ma

(FILES) In this file photo taken on September 27, 2017 Mukesh Ambani, chairman of Reliance Industries, delivers his speech during the inauguration of the India Mobile Congress in New Delhi. - The global slump in equities because of the coronavirus has lost India's Mukesh Ambani his crown as Asia's richest person to Jack Ma of China, according to the Bloomberg Billionaires Index. All told, the world's 500 richest people lost $238.5 billion on March 9, 2020, according to Bloomberg, the biggest daily plunge since the index began tracking them in October 2016. (Photo by Prakash SINGH / AFP)

Biden surges past Sanders in Democratic race as Bloomberg exits

Mar 05, 2020 - 8:26 AM

President Donald Trump hails the 'incredible comeback' of the 77-year-old former vice president

ALL SMILES. Democratic presidential candidate former Vice President Joe Biden smiles while standing with supporters at a campaign event at the W Los Angeles hotel on March 4, 2020 in Los Angeles, California. Photo by Mario Tama/Getty Images/AFP

Billionaire Bloomberg ends campaign, endorses Biden

Mar 04, 2020 - 11:31 PM

'Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump,' US media tycoon Michael Bloomberg says in a statement

BLOOMBERG DROPS OUT. In this file photo taken on March 03, 2020 Democratic presidential hopeful former New York mayor Mike Bloomberg waves during a rally at Palm Beach County Convention Center in West Palm Beach, Florida, on Super Tuesday, March 3, 2020. Photo by Eva Marie Uzcategui/AFP

Who's in, who's out in Democratic White House race

Mar 03, 2020 - 9:59 AM

The top 3 remaining are all septuagenarian white men

CONTENDERS. Democratic presidential hopefuls former Vice President Joe Biden and Massachusetts Senator Elizabeth Warren. Photo by Frederic Brown/AFP

Sanders roughed up, hits back at Democratic presidential debate

Feb 26, 2020 - 3:26 PM

His rivals band together in savaging the self-described democratic socialist as too radical to appeal to a broad swathe of Americans

Democratic presidential hopeful Vermont Senator Bernie Sanders gives an interview in the spin room after participating in the tenth Democratic primary debate of the 2020 presidential campaign season co-hosted by CBS News and the Congressional Black Caucus Institute at the Gaillard Center in Charleston, South Carolina, on February 25, 2020. Logan Cyrus / AFP

Hollywood icon Clint Eastwood backs Michael Bloomberg – report

Feb 23, 2020 - 11:45 AM

The actor has supported Donald Trump when he ran for president 4 years ago

LOS ANGELES, CALIFORNIA - JANUARY 03: Director-producer Clint Eastwood attends the 20th Annual AFI Awards at Four Seasons Hotel Los Angeles at Beverly Hills on January 03, 2020 in Los Angeles, California. Kevin Winter/Getty Images for AFI/AFP

Bloomberg to release accusers from contracts requiring silence

Feb 23, 2020 - 10:46 AM

There are at least 3 non-disclosure agreements presidential candidate Mike Bloomberg signed with women in the past 30 years

END TO SILENCE. In this file photo taken on July 24, 2019 Michael Bloomberg, addresses the NAACP's (National Association for the Advancement of Colored People) 110th National Convention at Cobo Center in Detroit, Michigan. Photo by Jeff Kowalsky/AFP

Twitter suspends 70 pro-Bloomberg accounts for breaking rules

Feb 22, 2020 - 1:51 PM

The Wall Street Journal reveals Michael Bloomberg hired around 500 people in California at $2,500 a month to regularly post messages supporting him on social media and to send text messages to their friends

Septuagenarian Democrats spill their baggage on debate stage

Feb 21, 2020 - 10:16 AM

There are mentions of the heart attack suffered by Sanders in October and coronary stents Bloomberg received 20 years ago

DEBATE. Democratic presidential hopeful Vermont Senator Bernie Sanders (L) speaks next to former Vice President Joe Biden during the ninth Democratic primary debate of the 2020 presidential campaign season. Photo by Mark Ralston/AFP

Billionaire candidates shake up Democratic White House race

Feb 14, 2020 - 4:14 PM

Billionaires Mike Bloomberg and Tom Steyer invest hundreds of millions of dollars in their efforts to win the Democratic Party's presidential nomination. And so far, it seems like that strategy is working.

HOUSTON, TX - FEBRUARY 13: A television screen shows Democratic presidential candidate Mike Bloomberg as he speaks to a crowd on February 13, 2020 in Houston, Texas. The former New York City mayor launched "Mike for Black America," an effort to focus on key issues relating to black Americans on his fifth campaign trip to Texas. Callaghan O'Hare/Getty Images/AFP Callaghan O'Hare / GETTY IMAGES NORTH AMERICA / AFP

Michael Bloomberg's big bucks fuel unique strategy for White House run

Dec 19, 2019 - 11:54 PM

The former New York mayor is skipping key states and spending big on ads, but analysts say his game plan 'has virtually no chance'

Ramon Ang debuts in Bloomberg's 50 global icons and innovators 2019 list

Dec 19, 2019 - 10:50 PM

San Miguel Corporation's Ramon Ang is the first Filipino to make it to Bloomberg's elite list, joining the likes of Greta Thunberg, Rihanna, and Kevin Feige

Solving climate crisis requires leadership – Bloomberg

Dec 10, 2019 - 8:39 PM

'Beating climate change won't require a miracle, it won't require limitless resources, it will require leadership and common sense,' says Michael Bloomberg

LEADERSHIP. Child environmental activist from India, Licypriya Kangujam (L) and Democratic presidential hopeful Michael Bloomberg slap hands during the UN Climate Change Conference COP25 at the 'IFEMA - Feria de Madrid' exhibition center, in Madrid, on December 10, 2019. Photo by Cristina Quicler/AFP

Bloomberg says his reporters must 'live with' limits on coverage

Dec 07, 2019 - 10:13 AM

'They get a paycheck,' Michael Bloomberg said. 'But with your paycheck comes some restrictions and responsibilities.'

MICHAEL BLOOMBERG. Democratic presidential candidate, former New York City Mayor Michael Bloomberg speaks during an event to introduce his gun safety policy agenda at the Heritage Christian Center on December 5, 2019 in Aurora, Colorado. Photo by Michael Ciaglo/Getty Images/AFP

Bloomberg formally announces U.S. presidential candidacy

Nov 24, 2019 - 11:34 PM

'We cannot afford 4 more years of President Trump's reckless and unethical actions,' says the former New York mayor

CANDIDATE. In this file photo taken on November 17, 2019, Michael Bloomberg speaks at the Christian Cultural Center in New York City. Photo by Yana Paskova/Getty Images North America/AFP

Bloomberg sorry for 'stop and frisk' as he mulls presidential bid

Nov 18, 2019 - 7:15 AM

Michael Bloomberg's apology is met with a skeptical response as critics lambast his reversal as vote pandering

MICHAEL BLOOMBERG. Michael Bloomberg speaks at the Christian Cultural Center on November 17, 2019 in the Brooklyn borough of New York City. Photo by Yana Paskova/Getty Images/AFP

Bloomberg files papers paving way for U.S. presidential bid

Nov 09, 2019 - 9:23 AM

Analysts say that the billionaire's candidacy could do the most harm against frontrunner Joe Biden's prospects

(FILES) In this file photo taken on July 24, 2019 Michael Bloomberg, addresses the NAACP's (National Association for the Advancement of Colored People) 110th National Convention at Cobo Center in Detroit, Michigan. Billionaire businessman Michael Bloomberg was positioning himself Friday to enter the crowded race for the Democratic presidential nomination, setting up a potential showdown with fellow septuagenarian Joe Biden as the leading centrist candidate. JEFF KOWALSKY / AFP

Former NYC mayor Michael Bloomberg preparing presidential run – U.S. media

Nov 08, 2019 - 8:54 AM

A Bloomberg advisor says: 'Based on his record of accomplishment, leadership and his ability to bring people together to drive change, Mike would be able to take the fight to Trump and win'

RUNNING. File photo of former New York City mayor Michael Bloomberg.

Turkey prosecutors seek jail terms for 2 Bloomberg reporters

Jun 14, 2019 - 4:17 PM

Turkish media reports 50 others, including journalists and columnists, are also indicted for commenting on the country's currency crisis on their social media accounts

BLOOMBERG REPORTERS. Kerim Karakaya and Fercan Yalinkilic images from Twitter.

European telco Vodafone found backdoors in Huawei equipment – report

May 01, 2019 - 2:51 PM

The issues, found in 2011 and 2012, are fixed in the same year

Amazon to pull plug on China retail operations – report

Apr 18, 2019 - 2:13 PM

An Amazon spokesperson says the company is looking to focus more on cross-border sales in China

AMAZON. An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington. File photo by David Ryder/Getty Images/AFP

Bezos, Gates and Buffett still top the world's ultra rich – Forbes

Mar 05, 2019 - 10:14 PM

According to the list by Forbes, the riches of Jeff Bezos, 55, have swelled by $19 billion in one year and he is now worth $131 billion

TOP 3. According to Forbes, Jeff Bezos remains the world's richest person, followed by Bill Gates and Warren Buffett. Bezos file photo by David Ryder/AFP; Gates file photo by Lev Radin/Shutterstock; Buffett file photo by AFP

Bloomberg not invited to Apple’s upcoming event – report

Oct 29, 2018 - 4:08 PM

Amazon also pulls its ads from the publisher’s site

China used tiny chips on U.S. computers to steal secrets – report

Oct 05, 2018 - 1:11 PM

The Bloomberg News report says the chips, the size of a grain of rice, were used on equipment made for Amazon, which first alerted US authorities, and Apple, and possibly for other companies and government agencies

Japan overtakes China as world's no. 2 stock market

Aug 03, 2018 - 1:09 PM

Data from Bloomberg News in intra-day trade on Friday, August 3, show Chinese stocks are worth $6.09 trillion, compared with $6.17 trillion in Japan. The US market is worth $31 trillion.

WORLD'S SECOND STOCK MARKET. A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange (L) and New York Dow Jones closing numbers (R) in Tokyo on July 23, 2018. File photo by Kazuhiro Nogi/AFP

Michael Bloomberg to launch $20-M anti-tobacco watchdog

Mar 07, 2018 - 2:11 PM

The monitor, to be called Stopping Tobacco Organizations and Products, will seek to counter the industry's influence by publishing reports detailing pro-smoking activities and tactics

BLOOMBERG PHILANTHROPIES. Michael Bloomberg at the Wells Fargo Center in Philadelphia, Pennsylvania, July 27, 2016. File photo by Nicholas Kamm/AFP

Global companies pledge transparency on climate risk

Jun 29, 2017 - 7:26 PM

Recommendations by the Task Force on Climate related Financial Disclosures should help shareholders determine if businesses are aligned with the global shift toward a low carbon economy

CLEAN ENERGY. This photo taken on June 7, 2017 shows workers at the world's largest floating solar power plant in a lake in Huainan, in China's central Anhui province. Stringer/AFP

Ex-NYC mayor Bloomberg to grant $200M to U.S. cities

Jun 27, 2017 - 3:18 PM

The grants will aim to help cities solve problems in key areas including education climate change and public health

SUPPORTING CITIES. Former New York City Mayor Michael Bloomberg addresses the United States Conference of Mayors at the Fountainebleau Hotel on June 26, 2017 in Miami Beach, Florida. Joe Raedle/Getty Images/AFP

Bloomberg leads mass coalition declaring support for Paris climate deal

Jun 06, 2017 - 2:14 PM

Big names like Apple Amazon Google Facebook Microsoft Levi Strauss and Tiffany are in the group called We Are Still In along with more than 100 mayors and governors

CLIMATE ALLIES. French President Emmanuel Macron (R), Paris mayor Anne Hidalgo (L) and former mayor of New York City Michael Bloomberg talk during their meeting at the Elysee Palace in Paris, on June 2, 2017. Christophe Petit Tesson/Pool/AFP

Billionaire Bloomberg pledges $15 million to UN for climate change

Jun 02, 2017 - 6:46 PM

Americans will honor and fulfill the Paris Agreement by leading from the bottom up – and there isn t anything Washington can do to stop us Bloomberg says

BLOOMBERG PHILANTHROPIES. Michael Bloomberg at the Wells Fargo Center in Philadelphia, Pennsylvania, July 27, 2016. File photo by Nicholas Kamm/AFP

Twitter, Bloomberg team up for streaming news channel

May 01, 2017 - 11:29 PM

Bloomberg Media chief executive Justin Smith confirms the partnership late Sunday retweeting a Wall Street Journal article referring to the tie up

America will meet its climate goals – Bloomberg

Mar 10, 2017 - 12:06 PM

The United States is one of 60 countries committed to the COP21 climate deal struck in Paris in December 2015 though recent comments by President Donald Trump have raised concern among environmentalists

GOALS. Special Envoy of the United Nations and former New York City mayor Michael Bloomberg (L) walks next to French mayor of Paris and Chair of C40 Cities Climate Leadership Group Anne Hidalgo (R) as he arrives for a meeting with the French President on March 9, 2017 at the Elysee presidential palace in Paris. File photo by Geoffroy Van Der Hasselt/AFP

White House restrictions on media trigger outcry

Feb 25, 2017 - 12:07 PM

UPDATED By restricting the access of certain media Donald Trump s White House takes things one step further triggering an outcry

BARRED. White House Press Secretary Sean Spicer speaks during the daily briefing in the Brady Briefing Room of the White House on February 23, 2017 in the Washington, DC. File photo by Mandel Ngan/AFP

Duterte supporters rally behind him on social media

Sep 17, 2016 - 11:35 AM

A message circulating online says some groups want the international community to protest against the Duterte administration s war on drugs

FULL TEXT: Hillary Clinton's acceptance speech, 2016 Democratic convention

Jul 29, 2016 - 11:22 AM

Clinton: Yes America s destiny is ours to choose So let s be stronger together

Democratic presidential candidate Hillary Clinton delivers remarks during the fourth day of the Democratic National Convention at the Wells Fargo Center, July 28, 2016 in Philadelphia, Pennsylvania. Jessica Kourkounis/Getty Images/AFP

Clinton accepts historic nomination, slams Trump vision

Jul 29, 2016 - 9:36 AM

4th UPDATE The former secretary of state faces her biggest test on the national stage as she urges voters to embrace 4 more years of a Democratic White House rather than elect Republican billionaire Donald Trump

Democratic presidential nominee Hillary Clinton arrives on stage during the fourth and final night of the Democratic National Convention at Wells Fargo Center on July 28, 2016 in Philadelphia, Pennsylvania. Saul Loeb/AFP

Bloomberg to voters: President Trump? 'God help us'

Jul 28, 2016 - 10:40 AM

Former New York mayor Michael Bloomberg: I m a New Yorker and I know a con when I see one

NO TO TRUMP. Michael Bloomberg speaks on the third evening session of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, July 27, 2016. Nicholas Kamm/AFP

Obama passes torch to Clinton

Jul 28, 2016 - 10:31 AM

UPDATED Obama: I can say with confidence there has never been a man or a woman – not me not Bill Clinton nobody – more qualified than Hillary Clinton to serve as president of the United States of America

PRESENT – AND FUTURE PREZ? US President Barack Obama (L) waves with US Presidential nominee Hillary Clinton during the third night of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, July 27, 2016. Nicholas Kamm/AFP

Twitter to free room for links and photos – report

May 17, 2016 - 6:13 PM

The Bloomberg report says the change could occur by month s end

BREAKING LIMITS? Twitter shares nosedive on April 26, 2016 after a quarterly update showed little change in its user base and the messaging platform delivered weaker-than-expected revenue growth. File photo by Leon Neal/AFP

Michael Bloomberg says will not run for White House

Mar 08, 2016 - 8:44 AM

Bloomberg in a column says he fears his candidacy could lead to the election of Donald Trump or Ted Cruz

OUT OF THE RACE. A file photo dated November 28, 2012 of then New York City Mayor Michael Bloomberg delivering remarks during a news conference on New York's request for federal aid following Hurricane Sandy, on Capitol Hill in Washington DC, USA. Michael Reynolds/EPA

Could Bloomberg upend the White House race?

Jan 27, 2016 - 9:39 AM

Close to Wall Street a hawk on security but heavily involved in the gun control campaign and favorable to immigration reform Bloomberg is an unusual mix for an American seeking high office

RUNNING FOR PRESIDENT? A file photo dated September 25, 2013 of then New York City Mayor Michael Bloomberg speaking during a panel discussion during the 2013 Clinton Global Initiative Annual Meeting, in New York, New York, USA. Keith Bedford/EPA

Trump would 'love' Bloomberg presidential run

Jan 25, 2016 - 12:16 AM

The Republican presidential frontrunner warmly welcomed former New York mayor and fellow billionaire Michael Bloomberg s mooted run for the White House

TRUMP. A file picture dated 27 February 2015 shows American businessman Donald Trump on stage to address the American Conservative Union's 42nd Annual Conservative Political Action Conference (CPAC) at National Harbor, Maryland, USA. Photo by Pete Marovich / EPA

Billionaire ex-mayor Bloomberg mulling presidential bid – NYT

Jan 24, 2016 - 1:02 AM

The mogul has set a deadline for a final decision for early March the New York Times reports

EX-MAYOR. Former Mayor of New York City Michael Bloomberg attends the anniversary ceremony commemorating the terrorist attacks of September 11, 2001 on September 11, 2015, in New York City. File photo by Andrew Burton/Getty Images/AFP

US star power injected into struggling climate talks

Dec 04, 2015 - 10:06 PM

We didn t come to Paris to make history: we came to shape the future

CLIMATE TALK. Former mayor of New York, Michael Bloomberg (L) and French President Francois Hollande attend a summit on climate change with local elected officials on December 4, 2015. Photo by Stephane de Sakutin/AFP

Interaksyon no longer News5's online platform

Aug 14, 2015 - 7:10 PM

Meanwhile PLDT group s MediaQuest which has a stake in The Philippine Star says it has no plans of fully acquiring newspaper BusinessWorld

STAYS THE SAME. MediaQuest's Lorenzana says this move will not affect the editorial operations of InterAksyon and TV5

Bloomberg TV Philippines expects to break even in 2016

Aug 13, 2015 - 12:11 PM

The group of Manuel V Pangilinan says it spent a little over P200 million to create Bloomberg TV Philippines

GOOD CHEMISTRY. Cignal COO Oscar Reyes Jr claims Bloomberg TV Philippines to be a world-class operation, as Cignal is the country's number one pay TV provider, while Bloomberg is a leading authority in business news. Photo by Chrisee Dela Paz/ Rappler

Binay steps down, Bloomberg on Poe, military plane crash | 12PM wRap

Jul 01, 2015 - 12:10 PM

Watch the 12PM edition of Rappler s newscast The wRap

Grace Poe best choice for PH economy – Bloomberg survey

Jul 01, 2015 - 7:53 AM

People perceive her as honest somebody who will protect the anti corruption drive

Sen. Grace Poe asks DOTC and MRT officials to ensure the completion of committed deliverables to upgrade and rehabilitate the MRT at the Senate public services subcommittee on transport hearing on Feb. 4.

Google Sidewalk Labs: Kota mendorong inovasi

Jun 12, 2015 - 6:59 PM

Apakah kota kota setengah matang seperti Jakarta bisa mendesain dan mengurus trotoarnya dengan baik? Bagaimana peran teknologi dalam hal ini?

Pengendara motor melintasi trotoar membahayakan pejalan kaki. Foto dari Koalisi Pejalan Kaki/Facebook

Bloomberg TV to launch Philippine channel

Mar 25, 2015 - 4:30 PM

UPDATED Bloomberg to bring its brand of business reporting on Philippine cable TV through a partnership with the Pangilinan led TV5 and Cignal Digital TV