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Sunday, November 23, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Covid pandemic may push 130 million people to extreme poverty by 2030, says UN

A UN study said the pandemic may accelerate digitalisation and automation, which would not only aggravate income inequality but eliminate many existing jobs.

Uber will require drivers and passengers to wear masks in cars

Selfies will show that Uber drivers are wearing a face covering and riders will also have to confirm that they’ve taken precautions.

NBFCs face new crisis as investors are dumping their debt after Franklin funds collapse

Mutual funds are big buyers of NBFC bonds & some are struggling to meet redemptions after the biggest-ever forced closure of funds by Franklin.

Trump disagrees with Fauci’s concerns over reopening US

Anthony Fauci, US' top infectious diseases expert, has come under criticism from even some Republicans who say he’s been too cautious in his advice.

Coronavirus causes spike in blood disorder Kawasaki disease in kids, Italian study finds

Kawasaki disease is a rare condition that typically affects children younger than 5. It causes blood vessels to become inflamed and swollen.

Modi govt stimulus should’ve focused on boosting demand, not just liquidity, analysts say

Modi govt’s Rs 20 lakh-crore stimulus package will do little to boost demand in the economy, some equity strategists & economists worry.

Experts want to know why coronavirus hasn’t killed more Russians

The WHO said it’s in talks with Russia about the country’s statistics for coronavirus deaths, which at 0.9% is far below the global average.

Why the US will not be able to win support of allies for another confrontation with Iran

Two years after Trump’s withdrawal from the peace deal, none of the other signatories has joined the American ‘maximum-pressure’ campaign against Iran.

US will get Sanofi’s coronavirus vaccine first if the drug giant’s efforts succeed

The US was first in line to fund Sanofi’s vaccine research and has the right to the largest pre-order, CEO Paul Hudson says.

Kotak Mahindra Bank will be cautious about giving new loans, CEO Uday Kotak says

Kotak Mahindra Bank will ‘very seriously’ screen lending & only approve loans that involve ‘right risks’, Uday Kotak says after Q4 profit falls nearly 10%.

On Camera

Taliban is gambling for strategic autonomy. Will Iran, China fill the Pakistan-sized hole?

Cutting trade ties with Pakistan is easier said than done: the neighbouring country is Afghanistan’s largest single trading partner, taking in 45 per cent of Afghan exports in 2024.

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.