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Saturday, August 16, 2025
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

Nobel committee, note how Trump allowed Munir to make nuclear threat against India from US soil

So far, India has responded to his threats with a measured, diplomatic, strategic, and multi-dimensional approach. Now, it needs to react firmly.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?