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(Bloomberg) -- Shein has enlisted a former top European Union official to bolster its lobbying efforts across the region, taking a more active stance toward potential regulatory scrutiny as it plans a stock market debut in London.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office

NEW YORK (Reuters) -Enzo Biochem will pay $4.5 million to settle regulatory charges that lax security protocols contributed to an April 2023 cyberattack that compromised Social Security numbers, health histories and other information for about 2.4 million patients. Tuesday's settlement with New York, New Jersey and Connecticut resolved claims that Enzo did not adequately safeguard patients' personal and private health information, New York Attorney General Letitia James said.

(Bloomberg) -- Alphabet Inc. investors are anxiously awaiting a Google hardware event on Tuesday — banking on new AI features to help stop a selloff that’s wiped out more than $360 billion in market value in just one month.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceG

India's telecom watchdog on Tuesday directed service providers to stop all promotional calls from unregistered callers and blacklist them as it looks to tackle a surge in spam and phishing calls that has seen people lose millions of rupees. The government has been looking to clamp down on the spike in such calls including those where scammers pose as representatives of firms like FedEx and Blue Dart and extract sensitive financial information by sending phishing links in the pretext of retrieving lost packages. "All promotional voice calls from the unregistered senders/unregistered telemarketer using Telecom Resources shall be stopped immediately," the Telecom Regulatory Authority of India said in a statement shared by the government.

Huawei's latest processor, Ascend 910C, is being tested by Chinese internet and telecom companies in recent weeks, the report said, adding that Huawei has told potential clients that the chip is comparable to Nvidia's H100. Huawei did not immediately respond to a Reuters request for comment.

(Bloomberg) -- Donald Trump and Elon Musk held a warm but glitch-delayed conversation on X that saw the tech mogul pitch a role for himself should the Republican nominee win a second White House term.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rai

Much like Wall Street's rapid healing on Friday, Japanese stocks completed their week-long, hair-raising round trip on Tuesday as Tokyo markets returned from holiday, wiped out the remainder of last week's losses and nudged the yen lower. Japan's parliament plans a special session on Aug. 23 to discuss the Bank of Japan's decision last month to raise interest rates for the second time and signal more to come. But the renewed calm on world markets was evident in Monday's modest moves in U.S. trading too.

Producers are extending their wells to as much as three miles, squeezing more wells onto a single drilling pad and fracking several wells at once, boosting production, according to industry experts and company executives on recent earnings calls. Taken together, these efficiency gains have led several big producers to raise their full-year shale oil production targets. Chevron lifted its full-year Permian output target to an about 15% gain, up from an earlier forecast of a 10% gain.

Stalled efforts to expand companies' use of carbon credits to offset greenhouse-gas emissions are raising the prospect that some will backtrack or abandon targets to shrink their carbon footprint. Since 2015, when governments agreed in Paris to try to keep the world from warming more than 1.5 degrees Celsius (2.7 degrees Fahrenheit), more than half of the world's largest 2,000 publicly listed companies have announced targets to cut their emissions to zero on a net basis by 2050. Proponents of carbon offsets argue they can help companies meet their targets when efforts to slash their emissions fall short.

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rai