Big Take Asia

Brendan Murray, Bloomberg's trade editor, and John Liu, a reporter covering Beijing, dive into the complexities of US-China relations. They discuss the high-stakes trade negotiations unfolding in London, emphasizing the critical role of rare earth minerals and semiconductor chips. With tensions escalating, they explore how tariffs serve as leverage and the urgency behind President Xi's communication with Trump. The conversation highlights public sentiment in China and the impact of US policies on Chinese students, all while navigating the economic aspirations of both nations.

In this engaging discussion, Lisa Du, a finance and investing reporter from Bloomberg based in Tokyo, dives into the fierce competition among Wall Street banks for Japan's top young talent. She reveals the extreme recruiting tactics like enticing dinners and hefty salaries that banks are employing amid a labor shortage. The conversation also touches on the shifting career aspirations of graduates who now seek work-life balance and meaningful work over traditional prestige. Lisa highlights the challenges both local and international firms face in this evolving landscape.

Gearoid Reidy, a Bloomberg Opinion columnist based in Tokyo, delves into Nintendo's pivotal launch of the Switch 2. He highlights how the original Switch amassed $100 billion in sales, setting high expectations for its successor. Reidy discusses Nintendo's blend of innovation and nostalgia, emphasizing the vital connection it has with fans. Key challenges include rising game prices and potential tariffs affecting production. The episode also outlines the competitive landscape, as Nintendo navigates its unique position in the gaming industry.

Ruth Carson, Bloomberg's foreign exchange market expert based in Singapore, delves into the shifting dynamics of currency in Asia. She discusses the significant surge of the Taiwan dollar, its impact on neighboring currencies, and how this trend signifies a broader move away from reliance on the US dollar. Carson highlights the implications for local industries like TSMC, trade negotiations, and the potential rise of alternative currencies in the region. The conversation uncovers how these changes may reshape financial strategies and economic structures across Asia.

Nicholas Burns, a former US Ambassador to China and a prominent professor at the Harvard Kennedy School, shares his insights on the intricate U.S.-China trade relationship. He discusses the pausing trade war, emphasizing the urgent need for a new agreement amid ongoing economic challenges. Burns warns of the historic competition that lies ahead and critiques the current U.S. diplomatic approach. He also inspires foreign policy students, stressing the importance of experienced diplomats in navigating this complex geopolitical landscape.

Saritha Rai, a Bloomberg journalist specializing in AI in Asia, sheds light on the enigmatic Liang Wenfeng, founder of DeepSeek. They discuss how his reclusive nature contrasts with the ambitious AI advancements of his company. The conversation reveals DeepSeek's innovative R1 model and its implications for global tech competition, particularly between China and the U.S. They also delve into how export restrictions impact AI development and the challenges DeepSeek faces amidst fierce competition. A captivating look into the future of AI.

In this insightful discussion, Dan Flatley, a Bloomberg Treasury reporter, unpacks the recent US-China trade negotiations. He highlights a stunning reduction in tariffs and what it means for the global economy. Flatley dives into the factors fueling the new cordiality in talks and the cautious optimism it brings to Wall Street. The conversation also touches on the importance of ongoing dialogue amid political pressures and anticipates the potential challenges once the 90-day reprieve expires. Will this ‘total reset’ hold, or is uncertainty ahead?

Dan Strumpf, a Bloomberg senior reporter based in New Delhi, dives into the recent intensifying conflict between India and Pakistan. He discusses the unprecedented military confrontations and the sudden ceasefire triggered by Donald Trump. Strumpf sheds light on the historical context of the Kashmir dispute, the nuclear threats involved, and the roles of the U.S. and China in mediation efforts. His insights illuminate the complexities of regional stability and the delicate nature of diplomacy between these two nations.

David Ramli, a Bloomberg investing reporter based in Singapore, dives into the shocking downfall of Gibran Huzaifah’s fish-feeding startup, eFishery. Ramli details how financial desperation led Gibran to fabricate numbers, initially attracting massive investments but ultimately resulting in a $300 million wipeout. The discussion highlights the risks of venture capital, the ethical dilemmas faced by entrepreneurs, and the broader implications of deceitful practices within startup culture. Transparency emerges as a vital necessity in business.

Alice Kempton, an Australian woman on a quest for motherhood, shares her heartfelt journey through the complex world of egg donation and IVF. She reveals the emotional toll of infertility, the pressures of repeated miscarriages, and the financial strains they faced. The couple sought donors abroad, highlighting the quest for transparency and connection with their chosen donor. Their story unfolds with gut-wrenching setbacks but ultimately culminates in the joyful birth of their son, Rupert, emphasizing hope and the intricacies of family creation.