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Wednesday, May 22, 2024
TopicBloomberg wire

Topic: Bloomberg wire

IMF gives a more pessimistic projection of global economy, expects GDP to shrink 4.9%

IMF chief economist Gita Gopinath said that the cumulative loss for the world economy this year and next as a result of the recession is expected to reach $12.5 trillion.

ICICI Bank considers raising $3 billion in share sale

India’s second-largest private sector bank will be joining its peers in seeking capital to expand lending business.

Chinese state-owned developer gets nod to test Covid-19 vaccine in UAE

Beijing-based China National Biotec Group Co. was awarded approval on Tuesday to conduct Phase III trials for its Covid-19 vaccines in the Middle Eastern country.

Singapore’s food delivery surge during lockdown highlights plastic waste problems

Daily waste collected from domestic, trade premises like apartments and shophouses was 3% higher over the eight-week circuit breaker period compared with March.

Ludo may no longer be king in a post-lockdown India

Ludo King is the first Indian gaming application to pass 100 million downloads and was the sixth most downloaded game worldwide in May.

India’s richest states will have biggest income losses, SBI says

Eight of the wealthiest states and UTs, including Delhi and Maharashtra, will post double-digit contractions in income this fiscal year through March 2021.

New Yorkers are so bored they’re splurging on firecrackers to entertain themselves

There were 11,275 fireworks complaints in the first 21 days of June, compared with 28 in the same period last year, according to city data.

How to make safe decisions when you can’t plan much in the age of Covid

As data gives us an idea on how the virus spreads, it can help us divide activities into relative risk categories, making it easier to take a decision.

Filmmakers are returning to shoot in New Zealand as it emerges as Covid-free haven

James Cameron's return to New Zealand to shoot his Avatar sequel shows how the country can leverage its new super power ⁠— being Covid-free ⁠— to boost economy.

How China is tightening its grip on Hong Kong’s economy

Supporters of greater economic integration see the growth-boosting impact of Chinese investment in Hong Kong, but critics say it's a sign of diminishing autonomy.

On Camera

What do Chinese think of Beijing-Moscow partnership? Russia is both ‘comrade and problem’

Even though the 'no-limits partnership' might not be reflected in the joint statements, in times to come, China and Russia may find themselves flocking together out of necessity.

Lower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi

Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.

‘Joint culture needed first’ — CDS Gen Chauhan outlines first steps on the road to theaterisation

ThePrint had reported earlier this month that while theaterisation is the ultimate goal, set to be rolled out one year from now, the focus is on structured jointness initiatives by 2024-end.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?