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TopicBloomberg wire

Topic: Bloomberg wire

Saudi Arabia issues rare air-raid alerts for Riyadh

Other areas across Saudi Arabia received similar warnings overnight, including the Red Sea cities of Jeddah and Yanbu and Farasan Island in the Red Sea.

Warren Buffett steps down, son Howard  takes over as chairman of Berkshire Hathaway

Buffett, who was replaced by Greg Abel earlier this year as chief executive officer of the company, will continue to remain a member of the board.

India gets $12 bn investment pledges as it steps up push to become chipmaking hub

The pledges from global and local investors come after India unveiled a fresh $13.4 bn semiconductor fund in July to build a domestic chip industry.

Tata Sons green-lights public listing, asks Chandrasekaran to stay on as chairman for 5 more yrs

Chandra's decision to leave followed months of friction with Tata Trusts Chairman Noel Tata over the listing issue and capital allocation across the conglomerate.

Alarm bells from South African businesses: Country sleepwalking into a gas crisis

South Africa also has reserves of gas onshore and offshore, but ocean exploration has been held up by legal challenges and disputes with environmental groups.

Hong Kong’s data centre ambitions face $2.6 billion funding test

Chinese firm Range Intelligent Computing Technology Group Co. pledged HK$24 billion to develop the site, and it is now seeking a HK$20 billion loan from banks to finance that development.

German hospitals prepare for war, drones and mass casualties

A report that gamed out what would happen if Russia invaded NATO territory: as many as 1,000 wounded soldiers could arrive in Germany each day as the country’s five military hospitals would quickly reach capacity.

Europe doubles down on space self-reliance as SpaceX, Blue Origin skip French summit

ESA is set to play a critical role in European Union plans for a satellite network called IRIS designed to offer an alternative to SpaceX’s Starlink.

US facing munitions shortage amid Iran offensive. Pentagon flags cost of war, resupply bottlenecks

DoD estimated it had spent $22.3 bn worth of expended munitions in the war as of about the end of June, while the overall cost through that period totaled more than $33 billion.

China’s taste for donkey spurs an unlikely trade with Pakistan

China’s taste for an exotic meat and a prized collagen is helping seed an unusual business hundreds of kilometers away in Pakistan’s arid southwest. A...

On Camera

Alfred Cooke is the Bull who cooked the PAF’s goose. He deserved more than a Vir Chakra

On 18 September 2026, Flight Lieutenant Alfred Tyrone Cooke passed away aged 87, a day before No. 14 Squadron, the Bulls, was to celebrate its Platinum Jubilee.

Tiruppur’s success runs on cheap cotton. India needs to ask who pays for it

Repeated changes in cotton import duty have prioritised textile competitiveness when mills face high input costs. But policy can also put pressure on farmgate prices.

At Tejas trainer handover, Rajnath warns delays can lead to ‘technology obsoletion’

HAL finally closes 2010 Tejas order but work remains on Mk1A and the first delivery is unlikely before IAF chief retires end of October.

Bangladesh isn’t a mirror image of Pakistan. Hyphenating them undermines India’s strategic interests

India is caught in a trap of its own making. While BJP may find it convenient to play on insecurities, it gives Pakistan and Bangladesh leverage.