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Sunday, October 6, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Pakistan needs IMF bailout fast to stave off crisis

With just enough foreign reserves to cover two months of imports, the clock is ticking. Pakistan faces a funding requirement of $14.1 bn, more than the central bank’s $11.3 billion in reserves

The Great Chinese white elephant of Sri Lanka

Sri Lanka now has Asia’s fastest inflation rate of almost 19%, power outages & nearly $5 billion borrowings due with just a little over $2 billion left in the foreign-exchange kitty.

Ukraine’s most potent war weapon may be the cellphone

Winning requires telling the stories from the bloody battlefields to diplomatic boardrooms. Videos have to be crisp, showing in graphic detail the war crimes being committed daily.

‘Air worse than Beijing’ isn’t much of an insult anymore

These worse-than-Beijing episodes are likely to occur more and more frequently — not because London’s air is getting worse, but because Beijing’s has gotten so much better.

Inflation outbreak reaches Asia, rising costs suggest worst is yet to come

Markets are starting to price in rising inflation expectations and more aggressive central bank action across much of Asia.

G7 host Germany mulls dropping India from guest list over Russia stance

India was among over 50 countries that abstained from a United Nations vote to suspend Russia from the UN Human Rights Council, and has not imposed sanctions on Moscow.

New York police identify ‘person of interest’ as Brooklyn subway shooter remains at large

Keys found at the scene of the attack belong to a U-Haul van rented by Frank R. James, 62, who has addresses in Philadelphia and the Milwaukee area, police said.

Derided by Imran Khan as US puppet, new Pakistan PM Shehbaz Sharif bets on centrism

It will be much harder for Sharif to reset Pakistan’s foreign policy after Khan accused the US of pushing for his ouster, stoking anti-Americanism in a bid to delegitimize the new govt.

RBI stays accomodative, warns of ‘tectonic shifts’

Recovery in Asia’s third-largest economy is facing fresh challenges from the war in Ukraine and Covid lockdowns in China, which risk exacerbating a global supply squeeze and price pressures.

Airline workers, maintenance staff reported to work drunk in India in first 2 months of the year

Under a program initiated by India’s DGCA, ground employees with IndiGo, SpiceJet and even Indian Oil were found to have failed breath-analyzer tests in January and February.

On Camera

Is support reducing for Kolkata doctors? Mamata not the only one who has to course correct

West Bengal is ready to welcome its daughter home for Durga Puja, but the family is unable to keep the deep-rooted discord within from spilling out. At its head is Mamata Banerjee.

How Modi govt’s Atmanirbhar policy could have hobbled BSNL’s efforts to catch up in 4G race

Restrictions on use of equipment from global vendors have necessitated new indigenous technology being developed, tested & deployed—further delaying BSNL's 4G & 5G launch.

IAF chief AP Singh red-flags Tejas delay, says China ahead in technology & production capacity

Air force chief says HAL needs to churn out 24 aircraft per year. It is important for IAF to have indigenous weapons systems to deal with any security challenges, he says.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?