Topic: Bloomberg wire
How China is defending its detention of Muslims to the world while selling the BRI dream
China is worried about an international backlash to its ‘re-education camps’, raising the stakes for Xi Jinping who has directly challenged Western-style democracy.
Mukesh Ambani’s debt-fueled bet on India’s rising middle class is paying off
Mukesh Ambani has ambitions to take on Amazon and Walmart in India, where the middle class is driving the growth of e-commerce.
Samsung stumble risks killing folding phones at birth
Samsung’s foldable phones failed within 2 days – an ominous sign for smartphone industry banking on the technology for next growth spurt.
After anti-stall software, Boeing 737 Max is now being inspected for engine problem
While only a small fraction of engines have been impacted, the checks add to challenges for 737 Max operators after two fatal crashes killed 346 people.
Air fares spike, staff protest as grounded Jet Airways takes a toll
15-day advance fares have risen as much as 10% compared to last year, while three-day advance fare levels have shot up by 25-30%.
Fear of economic slowdown topmost on the minds of Indian monetary policymakers
Four out of the six-member Monetary Policy Committee kept their focus on economic activity at a meeting led by RBI governor Shaktikanta Das.
Two grounded airlines in a decade calls India boom into question
Jet Airways became the second local carrier to ground its entire fleet after Kingfisher Airlines suspended its operations in 2012
India should be cautious of Saudi Aramco’s interest in Reliance refinery for a few reasons
India has a dangerous addiction to imported crude, and it should be wary of getting too cozy with its dealer.
Rupee is Asia’s best performing currency but expected to weaken after polls
The currency has shown a tendency to flip directions after polls have been completed, according to a study.
Jet Airways stock plummets by a record 34% day after operations are suspended
Jet Airways shares fell 8.1 percent to Rs 240.50 Tuesday. They declined 13 percent in 2019 after losing two-thirds of their worth in 2018.
India’s caste problem has a silver lining: urbanisation, and inter-caste marriage
Unlike villages, search for partners in cities shifts its focus from family and caste networks to friends and professional networks.
IAS poll observer: With Modi breaking rules, should EC give him special security treatment?
The Election Commission has suspended an IAS officer who had inspected PM Narendra Modi’s chopper in Odisha’s Sambalpur Tuesday.
Defence
China is now testing laser ASAT weapons from its naval ships
China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country
The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.