Monday, 17 January, 2022
TopicBloomberg wire

Topic: Bloomberg wire

2 Indians among 3 killed in drone strikes on UAE by Yemen’s Houthi fighters

Six others were also injured in the rare attack inside the UAE that caused a fire at Abu Dhabi’s main international airport and set fuel tanks ablaze in a nearby industrial area.

Gold price rises in US market as investors look to tighten monetary policy amid Omicron threat

As US tackles the hottest inflation since the 1980s, officials this month floated raising rates in March and the potential need to hike as many as five times this year.

4 Indian states invite Tesla to set up shop after Elon Musk mentions ‘challenges’ with Modi govt

Telangana, Maharashtra, Bengal ministers & Punjab Congress chief Navjot Sidhu responded to Musk's tweet, which said Tesla 'still working through a lot of challenges with govt'.

Investors search for safe havens as Omicron takes hold in Asia

Many remain positive, however, about Asia’s ability to weather the storm as its best-performing nations kept the number of Covid deaths at levels far lower than countries elsewhere.

People’s Bank of China cuts interest rate on policy loans, first slash since April 2020

The move puts China further apart from global central banks such as the Federal Reserve, which are seeking to normalise monetary policies to contain a surge in inflation.

Was Djokovic a health risk in Australia? What did the country’s govt gain from his deportation

A federal court in Australia Sunday upheld the government’s decision to revoke the tennis player's visa, ending a 10-day saga in on the issue.

India adds to billionaires’ list, even as Covid worsens poverty in country, says Oxfam report

According to the global Oxfam Davos report of 2022, India added 40 billionaires to 142 last year during Covid crisis, whose combined fortune is more than the poorest of the population.

Why domestic consumers may not be enough to power India’s economy

The Covid pandemic has hollowed out India’s middle class by destroying 10 million manufacturing jobs. For the second time in history, self-reliance might prove to be a costly mistake.

‘Correct mistake’: China tells US to take responsibility for Iran nuclear deal

Chinese Foreign Minister Wang Yi said that Beijing firmly opposes the 'illegal unilateral sanction' and withstand the 'gross interference' in Iran's internal affairs by the US.

RBI proposes changes to valuation of bank investments, relaxing of investment class rules

A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

On Camera

YourTurn

Priyanka Gandhi Vadra of Congress, a forerunner of women's question in India | PTI

Be it Congress, BJP, AAP—women’s question in India is a partisan issue. And that’s not so bad

India's woman question tests party imagination. Congress's focus on Nirbhaya, Unnao rape victim, and BJP's Uniform Civil Code show how.
Tesla cars at outside a company yard

4 Indian states invite Tesla to set up shop after Elon Musk mentions ‘challenges’ with Modi govt

Telangana, Maharashtra, Bengal ministers & Punjab Congress chief Navjot Sidhu responded to Musk's tweet, which said Tesla 'still working through a lot of challenges with govt'.

Defence

HAL likely to be in fray for Navy’s NUHs after defence ministry junks Coast Guard chopper deal

Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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