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Saturday, November 22, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Virus sidelines A380 superjet, the biggest plane in the skies

Airbus decided to discontinue the A380 program as carriers looked to simplify fleets and upgrade fuel efficiency but airlines are also opting to retire it early.

US Senate passes bill to delist Chinese companies from American stock exchanges

The bill was approved by unanimous consent and would require companies to certify that they are not under the control of a foreign government.

Drug trial of antiviral Avignan continues in Japan despite inconclusive interim result

China will invest an estimated $1.4 trillion over six years, calling on urban govts & pvt. tech giants to roll out everything from wireless networks to artificial intelligence.

Turkey declares ‘#MissionAccomplished’ against coronavirus

Erdogan, who has been governing Turkey for almost 20 years, has long prioritised the country’s health system, dramatically easing access to free health services.

Harvard’s Carmen Reinhart named World Bank Chief Economist

Reinhart joins the World Bank at a time when President David Malpass has expressed concern that 60 million people may fall into extreme poverty due to Covid-19.

Trump launches direct attack on China’s Xi Jinping as fight over virus gets ugly

While Trump has often blamed China for failing to prevent the pandemic now ravaging the global economy, he was careful in maintaining that his relationship with Xi is strong. Until now.

US Navy aircraft carrier returns to sea after virus outbreak

Captain Brett Crozier had been relived of his command of U.S.S. Theodore Roosevelt in April for sending a memo pleading in urgent terms for all but a skeleton crew to be removed amid the outbreak.

Women losing jobs due to Covid crisis could cost the world $1 trillion

About 31 million female workers face potential job cuts compared to 13 million men, underscoring that women are more vulnerable to losing jobs in a crisis.

Modi govt has got it right. India doesn’t need a bigger stimulus

Instead of wasting money it doesn’t have, Modi government has tried to address the problem we do have due to the lockdown.

India’s petrol, diesel demand will take months to return to pre-lockdown levels

India’s fuel consumption collapsed by as much as 70% during the lockdown in April. It could take until the end of 2020 to get close to full recovery.

On Camera

In Tejas Dubai crash, the harm goes beyond the loss of an aircraft and pilot

Airshows are thrilling spectacles of aviation skill and engineering marvels. But they carry inherent risks as the crew is pushing the aircraft, and themselves, to perform at the edges of the envelope.

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

From a small Kangra village to Tejas cockpit: IAF fighter pilot Namansh Syal’s journey cut short

Wing Commander Namansh Syal is survived by his wife, their 6-year-old daughter and his mother. Back in his native village, relatives and neighbours wait for his remains for last rites.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.