Kai Schultz
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Journalist covering energy, commodities and more for @bloomberg in Europe, the Middle East and Africa. Past lives in India, Hong Kong and Nepal. @nytimes alum.
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Articles by Kai Schultz
Emera to Buy Canadian Utilities in US$10B Deal
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Emera to Buy Canadian Utilities in $10 Billion Deal (1)
Emera Inc. agreed to acquire Canadian Utilities Ltd. in an all-stock deal valued at about C$14.3 billion ($10 billion), creating a sprawling power and natural gas company with customers from Florida to Alberta. The combined company will have an enterprise value of about C$72 billion and six million customers, according to a Tuesday. It will be the largest single merger between two Canadian corporations, forming a top 20 North American utility, the companies said.
Emera to Buy Canadian Utilities in $10 Billion Deal (1)
Emera Inc. agreed to acquire Canadian Utilities Ltd. in an all-stock deal valued at about C$14.3 billion ($10 billion), creating a sprawling power and natural gas company with customers from Florida to Alberta.
Emera to Buy Canadian Utilities in C$14.3 Billion Deal
Bloomberg (Bloomberg) -- Emera Inc. agreed to acquire Canadian Utilities Ltd. for about C$14 billion ($10 billion) in stock, creating a sprawling, Canadian-headquartered power and natural gas provider with customers from Florida to Alberta.
Залихи на клучни минерали вредни 12 милијарди долари
Во преполниот Овален кабинет во февруари, американскиот претседател Доналд Трамп го обелодени планот за создавање едни од најголемите резерви на клучни минерални суровини во историјата. Иницијативата „Проект Волт“ (Project Vault) ќе овозможи создавање резерви од десетици минерали, поддржани со 12 милијарди долари од јавни и приватни извори на финансирање, со цел „американските компании и работниците никогаш да не трпат штета поради недостиг“, рече Трамп.
Trump’s Stash of Critical Minerals Risks Distorting Markets
At a packed Oval Office ceremony in February, President Donald Trump unveiled a plan to build one of the largest strategic stockpiles of critical minerals in history. Dubbed Project Vault, it would hoard dozens of elements—backed by $12 billion in public and private funding—to “ensure that American businesses and workers are never harmed by any shortage,” Trump said.
Trump’s Stash of Critical Minerals Risks Distorting Markets
At a packed Oval Office ceremony in February, President unveiled a plan to build one of the largest strategic stockpiles of critical minerals in history. Dubbed Project Vault, it would hoard dozens of elements—backed by —to “ensure that American businesses and workers are never harmed by any shortage,” Trump said. General Motors Co. Chief Executive Officer and , founder of Ivanhoe Mines Ltd., looked on as he signed off on the effort.
How Trump’s $12 Billion Stash of Critical Minerals Risks Distorting Markets
Illustration: Antoine Cossé for Bloomberg Businessweek (Bloomberg Businessweek) -- At a packed Oval Office ceremony in February, President Donald Trump unveiled a plan to build one of the largest strategic stockpiles of critical minerals in history.
Fast fashion, delivery apps tap India's next billion consumers
“The same products as H&M and Zara you’ll find in Zudio,” Aditya Singh, who grew up in the small city tucked into the Himalayan foothills, said as he lingered over a puffer jacket. Zudio’s formula — fast fashion priced for India’s small cities — has helped the chain expand to more than 800 stores in under a decade. Zara’s footprint by contrast has remained confined to major metropolitan areas, with just 22 stores.
Fast Fashion, Delivery Apps Tap India's Next Billion Consumers Original
Photographer: Elke Scholiers/Bloomberg (Bloomberg) -- Inside the Zudio outlet on Ballapur Road in Dehradun, a stream of young shoppers drifted into the store on a recent Thursday morning, the glass storefront looming above the chai stalls and...
Bangladesh braces for verdict against ousted leader in exile
A special tribunal in Bangladesh is expected to rule Monday on whether ousted leader Sheikh Hasina is guilty of crimes against humanity for her role in the deadly crackdown of student-led protests last year. The country has been on edge for several days following a wave of bomb and arson attacks that took place amid protests organized by Hasina’s Awami League party, which is currently banned from political activity.
Bangladesh braces for verdict against ousted leader in exile
A special tribunal in Bangladesh is expected to rule Monday on whether ousted leader Sheikh Hasina is guilty of crimes against humanity for her role in the deadly crackdown of student-led protests last year. The country has been on edge for several days following a wave of bomb and arson attacks that took place amid protests organized by Hasina's Awami League party, which is currently banned from political activity.
So funktioniert das ‘Amazon für Kriminelle’, das alles Vergleichbare übertrifft
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Chợ đen lớn nhất thế giới đang biến thành "Amazon của giới tội phạm"
Khám phá nhiều hơn với tài khoản Đăng nhập để lưu trữ và dễ dàng truy cập những bài viết bạn yêu thích trên Bloomberg Businessweek Việt Nam. Khám phá nhiều hơn với tài khoản Premium Chợ đen lớn nhất thế giới đang biến thành "Amazon của giới tội phạm" Bộ Tài chính Mỹ cáo buộc tập đoàn Campuchia này đã rửa ít nhất 4 tỉ USD cho hacker Triều Tiên và các tổ chức tội phạm xuyên quốc gia khác. (cuối tuần) Tác giả: Kai Schultz 09 tháng 08, 2025 lúc 4:00 AM Những quảng cáo mới liên tục xuất hiện.
World’s Biggest Illicit Marketplace Is an ‘Amazon for Criminals’ (1)
The pings of new advertisements are relentless. Want fake currency? Money laundering services? Hacking technology? As long as you read Chinese and understand the underworld jargon — in which “material masters” are holders of stolen money or banking information and “dog pushers” are scam compound workers — all this and more is for sale in corners of the world’s largest bazaar for illicit goods. It’s not hard to find.
World’s Biggest Illicit Marketplace Becomes an ‘Amazon for Criminals’
The pings of new advertisements are relentless. Want fake currency? Money laundering services? Hacking technology?
India Pulls Ahead of Rivals as Trump’s Trade War Shakes Markets
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Trump Tariffs: India Pulls Ahead of Rivals as Trade War Shakes Markets Original
As US President Donald Trump shocks markets and governments with his trade war, few countries are weathering the turbulence better than India, both politically and economically.
Caos arancelario de Trump devasta a exportadores en algunos de los países más pobres del mundo
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Trump Tariffs Devastate Livelihoods in the World’s Poorest Countries Original
The night before US President Donald Trump’s tariffs were set to kick off this week, Rubana Huq convened an emergency meeting of some of Bangladesh’s most prominent exporters.
Distress Grips World’s Factory Hubs After Trump Tariff Whiplash
The night before US President Donald Trump’s tariffs were set to kick off this week, Rubana Huq convened an emergency meeting of some of Bangladesh’s most prominent exporters. From her living room in an upscale part of Dhaka, the group that supplies brands like H&M and Dollar Tree couldn’t quite believe how the US was suddenly treating the world’s poorest nations. They spoke about how the levies would devastate their factories, and expressed anxiety about rejigging supply chains.
Why Verizon, JEH Aerospace and Lenskart Are Drawing In Investors
Five sectors to watch in the world’s fastest-growing major economy. For investors optimistic about the India growth story, Hyderabad is tough to beat as Exhibit A.
Should Museums Return Stolen Artifacts to Their Original Countries?
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Viejos paradigmas globales superados: La industria manufacturera deja de impulsar el rápido crecimiento de antaño que firmó la economía mundial
Ayuda Buscar en la ayuda Buscar en la ayuda
Adani's Empire Grapples With Indictment of Billionaire Founder
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Gautam Adani Bribery Charges Impact His Net Worth, Markets Beyond India Original
Gautam Adani, one of the world’s richest people, was in good spirits Wednesday evening. Earlier in the day, the Indian billionaire’s green energy business had raised $600 million through a bond sale.
The Made-In-China Economic Model Is No Longer Driving Miracle Growth Original
The China growth model — moving farmers into factories and selling their products to the world — is no longer driving miracle growth. Over the past couple of decades, export-oriented manufacturing lifted hundreds of millions from poverty, giving rise to a period of dramatic economic expansion. But that playbook, is less and less able to generate the returns poorer countries need to raise standards of living. (Click here to read the full story in Bloomberg Businessweek.)
Dhaka Makeover Shows Competing Visions for Bangladesh After Sheikh Hasina
After the shocking collapse of Bangladesh’s government a couple of months ago, Dhaka’s gray concrete sprawl suddenly transformed. Hundreds of murals appeared across the city practically overnight, punctuated with the fiery slogans of revolution.
Developing Countries Can’t Count on Manufacturing to Supercharge Growth
Rubana Huq’s garment factory is a constant cacophony of hissing steam irons, swooshing fans and snipping scissors.
Developing Countries Can’t Count on Manufacturing to Supercharge Growth
(Bloomberg Businessweek) -- Rubana Huq’s garment factory is a constant cacophony of hissing steam irons, swooshing fans and snipping scissors. In the vast industrial facility near Dhaka, hundreds of women guide pieces of fabric through sewing machines, stitching clothing for the likes of H&M, Pepe Jeans and Primark. A digital signboard tracks productivity with the precision of a stock ticker, calculating the defect rate for garments down to the hundredth percentage point.
Chaos in Bangladesh Opens Door to Islamic Extremists
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Anti-India Backlash Sweeps Bangladesh in New Challenge for Modi
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Yunus Can’t Delay Bangladesh Election Too Long, Key Party Says
Arun Devnath and Kai Schultz August 27, 2024 at 4:30 PM·4 min read (Bloomberg) -- The Bangladesh Nationalist Party, a key political group, has called on the interim government to open talks with politicians and hold national elections within a “reasonable time,” intensifying pressure on Muhammad Yunus, the leader of the new administration.
Bangladesh Seeks $3 Billion IMF Emergency Aid to Help Pay Debt
(Bloomberg) -- Bangladesh’s new central bank governor said the country is seeking an additional $3 billion from the International Monetary Fund as it looks to recover from recent political turmoil, and is buying dollars from local banks to meet unpaid debt.
Bangladesh to raise policy interest rate from next week to fight prices
Bangladesh's central bank plans to increase its policy interest rate by half a percentage point next week, aiming to fight inflation that has surged to its highest level in over a decade, according to the authority's newly-appointed Governor Ahsan H. Mansur. A 50-basis point increase will take the policy interest rate to 9%, and Bangladesh Bank plans to tighten it further in the coming months.
Bangladesh to Raise Policy Rates From Next Week to Fight Prices
(Bloomberg) -- Bangladesh’s central bank plans to increase its policy interest rate by half a percentage point next week, aiming to fight inflation that has surged to its highest level in over a decade, according to the authority’s newly-appointed Governor Ahsan H. Mansur. A 50-basis point increase will take the policy interest rate to 9%, and Bangladesh Bank plans to tighten it further in the coming months.
Bangladesh to Raise Policy Rates From Next Week to Fight Prices
Lifestyle 4 hours ago We built our vacation home in Tulum for $350,000. I'm glad we invested in the market early, but there are issues with basic infrastructure. Business Insider - As told to Daisy Schofield • 4h This as-told-to essay is based on a transcribed conversation with Ratchel Pinlac, the CEO of a shapewear brand who lives in California, about building a vacation home in Tulum, Mexico. Business Insider verified the property financials with documentation.
Swift Downfall of Iron-Fisted Sheikh Hasina Marks New Era in Bangladesh
Bangladesh also relies on foreign assistance to avoid a financial crisis. While it secured $4.7 billion in loans from the International Monetary Fund last year, both Fitch Ratings and S&P Global Ratings have recently cut the nation’s credit score further into junk because of falling reserves. In July, Hasina’s government revealed it was in talks with China for a $5 billion yuan-denominated loan.
Yunus, banqueiro que ganhou Nobel da Paz, é a nova esperança para estabilizar seu país
Bloomberg — Bangladesh depositou suas esperanças em um de seus intelectuais mais aclamados para trazer estabilidade a um país marcado por golpes de Estado e convulsões políticas. Muhammad Yunus, cujo trabalho para aliviar a pobreza lhe rendeu um Prêmio Nobel da Paz, foi nomeado chefe de um novo governo interino na terça-feira (6), após a repentina destituição de Sheikh Hasina como primeira-ministra nesta semana.
Nobel winner Yunus to lead Bangladesh after shunning politics
Bangladesh is pinning its hopes on one of the nation’s most acclaimed intellectuals to bring stability to a country scarred by coups and political upheaval. Muhammad Yunus, whose work alleviating poverty won him a Nobel Peace Prize, was named the head of a new interim government on Tuesday following the sudden ouster of Sheikh Hasina as prime minister this week.
Nobel Winner Yunus to Lead Bangladesh After Shunning Politics
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Nobel Winner Yunus to Lead Bangladesh After Shunning Politics
Kai Schultz August 6, 2024 at 2:28 PM·3 min read (Bloomberg) -- Bangladesh is pinning its hopes on one of the nation’s most acclaimed intellectuals to bring stability to a country scarred by coups and political upheaval.
Swift Downfall of Iron-Fisted Sheikh Hasina Marks New Era in Bangladesh Original
(Bloomberg) -- The end was abrupt and unforgiving for one of Asia’s longest-serving leaders. Most Read from Bloomberg Singer Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final Notice New York City’s Outdoor Dining Sheds Will Start Disappearing The 5 Coastal States That Face the Most Devastating Flood Risk Paris Spent €1.4 Billion to Clean Up the Seine. Has It Worked?
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