The Rebel Army Behind One of the World’s Major Rare-Earth Supplies
Myanmar is the world’s third-largest producer of rare earths and a critical supplier for neighboring China. But rebels have recently taken control of most of the country’s mines — creating a complicated situation for Beijing and for global supply chains. On today’s Big Take Asia Podcast, host K. Oanh Ha and reporter Timothy McLaughlin discuss the Kachin Independence Organization’s newfound control of a majority of Myanmar’s rare-earth mines, how the change is shifting Myanmar's political dynamics and what the group’s growing influence could mean for the future of rare earths. Read more: A Rebel Army Is Building a Rare-Earth Empire on China’s BorderSee omnystudio.com/listener for privacy information.
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Why Trump Is Letting Nvidia Sell (Some) AI Chips to China
In an unusual deal, Nvidia and Advanced Micro Devices have agreed to pay the US government 15% of their revenue from AI chips they sell to China. The US has blocked the sale of other, more powerful chips to China on the basis of national security, but the exception underscores the Trump administration’s openness to make exceptions… if the price is right. On today’s Big Take podcast, Bloomberg economic statecraft reporter Joe Deaux joins host Sarah Holder to explain the unprecedented nature of the deal, concerns about its legality and how it fits into Trump’s approach to trade with global competitors.See omnystudio.com/listener for privacy information.
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How China Is Bringing Hong Kong’s IPO Market Back to Life
After a years-long slump, Hong Kong’s IPO market is roaring back to life, thanks to a growing number of Chinese companies that are raising billions of dollars in the city. On today’s Big Take Asia Podcast, host K. Oanh Ha and Bloomberg’s Dave Sebastian explore how China is transforming the financial hub into a key funding engine for mainland firms— and the risks this poses for banks on Wall Street and beyond.See omnystudio.com/listener for privacy information.
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India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.
President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher rate than many other major economies in Asia. But he didn’t stop there. This week, he’s threatened to raise the levy even higher. His message to India is clear: Stop buying Russian oil. On today’s Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins K. Oanh Ha to unpack the historical and economic ties that have kept Russia and India close and discuss why that relationship is now being tested on the world stage. Read more: Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat Further listening: Is Trump’s Trade War Strategy Working?See omnystudio.com/listener for privacy information.
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China Bets Big on a $167 Billion Tibetan Dam
China is building the largest power plant the world has ever seen, in a very remote corner of Tibet. But the $167 billion hydropower dam has environmentalists and neighboring countries concerned. On today’s Big Take Asia Podcast, host Menaka Doshi speaks to Bloomberg’s Dan Murtaugh about the engineering and geopolitical challenges, and the impact construction will have on the country’s economy.Read more: Xi Ties His Legacy and China’s Economy to $167 Billion Dam Further listening: China's Plans to Make AI a UtilitySee omnystudio.com/listener for privacy information.
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
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