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Monday, May 6, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Hit by lockdown, global banks are assessing pros and cons of having back offices in India

London/Mumbai: India’s decision to impose the world’s biggest virus shutdown has exposed a weak spot for the largest securities firms, which grappled with a...

Lockdown to slow stressed asset deals in India, says Vedanta’s M&A head

India intends to suspend new bankruptcy filings for a year while it cushions companies from fallout of Covid & lockdown further imperils sale of Air India.

How badly has coronavirus hit India’s services sector? Q4 GDP data will tell us today

Businesses providing services of everything from technology to travel & trade were the first to be hit when govt announced the lockdown.

We made the wrong call, YouTube says after deleting videos about HCQ

YouTube’s error came as it attempts to keep pace with torrent of virus videos, while facing increasing political pressure & disruption to its contract workforce.

Google considers buying 5% stake in Vodafone Idea: Report

Google has big ambitions for India, which has a huge first-time internet user population that serves as a test-bed for innovations in smartphone technology.

Trump has only tough-or-gentle options as China defies US threat over new law for Hong Kong

The US stating that Hong Kong no longer warrants special treatment under American law has no impact beyond the symbolic. It’s up to Trump to take the next step.

Roche partners with Gilead to conduct two-drug combination trial for Covid treatment

The study will pair Roche’s immune suppressor Actemra along with Gilead’s antiviral remdesivir, the only drug to have shown promise in treating the coronavirus.

In Trump versus Twitter, US president aims executive order at tech giants

The draft order could bring a flurry of lawsuits down on Twitter, Facebook, etc, by narrowing liability protections they enjoy for third party posts.

Swiss say sex work okay, but not close-contact activities like dancing as it eases lockdown

While announcing the new measures to prevent a further spread of Covid-19, Swiss Health Minister Alain Berset acknowledged the apparent contradiction.

After Trump, Twitter fact-checks Chinese official on claims about coronavirus origins

Twitter applied the fact-check tags to at least two tweets originally posted in March by China's foreign ministry spokesman Zhao Lijian.

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.