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Thursday, August 14, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Sri Lanka sees inflation touching 40% after holding rates

Governor Weerasinghe said retail inflation, which quickened to almost 30% in April, will accelerate further amid a shortage of dollars to pay for imports to ease shortages.

Ronojoy Dutta to step down as IndiGo CEO, KLM president Pieter Elbers to take over

Pieter Elbers will join the carrier on October after Dutta's retirement in September. Elbers' term as the head of KLM Royal Dutch Airlines is ending on 1 July.

Elon Musk’s talks with Twitter started with Jack Dorsey and Egon Durban

During the course of 26 March, Musk chatted to Dorsey and Durban about his plans for the social media platform, including that he had taken a 'significant stake' of more than 5% in the company.

US seeks to reduce India’s dependence on Russian weapons with arms-aid package

According to sources, the package under consideration would include foreign military financing of as much as $500 million, which would make India one of the largest recipients of such aid.

Tata in acquisition talks with as many as 5 brands, to bolster position in consumer goods sector

The conglomerate will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani’s Reliance Industries.

Wheat prices soar, risk of food inflation spikes: Aftermath of India’s move to ban exports

India prioritised the domestic market even as the move risks its international image as a reliable supplier. Still, the government’s wheat procurement may not meet its needs.

India raises about 21 thousand cr as LIC IPO priced at Rs 949

LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite.

Cryptocurrencies drop further as TerraUSD’s woes cloud outlook

Cryptocurrencies resumed declines as the collapse of the TerraUSD stablecoin triggers a flight from many popular digital tokens.

Goldman joins calls to unleash more rate hikes in Asia

Hawkish expectations in Asia’s emerging markets are piling up as traders become convinced that central banks in the region can’t ignore the threat of domestic inflation any longer.

Oil resumes decline as market grapples with tumultuous trading

Oil resumed its decline as the fallout from Russia’s war in Ukraine and China’s Covid-19 resurgence continued to rattle the market.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.