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Sunday, November 23, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Emirates may cut 30,000 jobs, accelerate retirement of A380 carriers

Since the coronavirus outbreak, airlines across the globe are cutting jobs after being hit with an unprecedented near-total shutdown of travel.

How coronavirus has shattered the world order, sowed anger and mistrust

Collapsing governments, famine, crushed economies and emboldened extremists are all among the darkest post-pandemic scenarios.

Oil rises above $30 a barrel for the first time in two months after producers cut activity

The producer alliance is responding to the demand destruction wrought by the virus, and the cutbacks are on their way to their goal of removing around 10% of global supplies.

India will see its worst recession ever with 45% GDP fall in Q2 this year, Goldman says

The estimates imply real GDP will fall by 5% in fiscal 2021, which would be deeper than any other recession India has ever experienced, Goldman says.

Mukesh Ambani raises more funds for Jio, gets $873 million from General Atlantic

Jio’s latest transaction takes investment raised by Jio in recent weeks to almost $9 billion, including stakes sold to Facebook, Silver Lake & Vista Equity.

The coronavirus isn’t the end of your career

Figure out what your industry needs, show your boss you can deliver, and use that to protect your job or even negotiate the next move.

What Singapore needs to do to reopen its economy after lockdown

From new work procedures to testing and contact tracing, a lot will need to change before 1 June, when the partial lockdown draws to a close.

Azim Premji defends workers’ rights as many states dilute labour laws

Writing in the Economic Times, the founder of software services provider Wipro said that dilution of such laws would only exacerbate the conditions of low wage workers.

UAE ran covert arms flights to aid Libyan military commander Khalifa Haftar: UN report

The flights were operated by a complex network of companies registered in the UAE, Kazakhstan, and the British Virgin Islands to disguise the delivery of military equipment.

Hackers target supercomputers researching Covid-19 in Switzerland, Germany, UK

Agencies investigating the hacking say potential theft of information could jeopardise the delivery of secure, effective, and efficient treatment options.

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.