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Saturday, October 5, 2024
TopicBloomberg wire

Topic: Bloomberg wire

China’s UN envoy terms civilian killings in Bucha as ‘deeply disturbing’, expresses dismay

Ambassador Zhang Jun also called on all sides to refrain judgment and avoid unfounded accusations until responsibility is established through a probe.

Sri Lanka President lifts state of emergency after govt loses majority in parliament

Gotabaya Rajapaksa repealed the five-day-old emergency order as protesters continued to defy the proclamation that had given him sweeping powers to detain people and seize property.

HDFC-HDFC Bank move, a financial mega-merger that’s all in the family

The two HDFC elephants must be careful — not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

Govt considers seeking Rs 50,000 crore in mega LIC IPO, to sell around 7% stake

If successful, the insurance firm would surpass digital payments startup Paytm as India’s biggest IPO; with Rs 50,000 crore in contrast to Paytm's Rs 18,300 crore raised in November 2021.

Twitter CEO Parag Agrawal asks users to ‘vote carefully’ after Elon Musk posts edit button poll

Endorsing the tweet shared by Tesla's CEO, Agrawal said the consequences of the 'edit button' poll would be 'important'.

Elon Musk’s Twitter investment could be bad news for free speech

The Tesla founder's decision suggests that he wants to bring the social media platform to heel.

Metal world agonizes over war in Ukraine but keeps buying from Russia

Russian metal is largely still flowing around the world. Many traders and fabricators who buy from them are tied in to pre-existing purchase deals that can extend over years.

Traders pin hopes on RBI to manage bond-market as it confronts record debt supply

The Reserve Bank of India faces the challenge of keeping bond yields in check as the government kicks off an unprecedented 14.31 trillion rupees of annual borrowing in April.

Elon Musk takes 9% stake in Twitter to become top shareholder, shares soar

Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday. The gain marked the stock’s biggest intraday increase since the company’s 2013 IPO.

Kim Jong Un’s sister threatens South Korea with ‘miserable fate’ of nuclear strike if it attacks

This was the second warning issued by the younger Kim in about 48 hours, after she earlier denounced South Korean Defense Minister Suh Wook as a 'senseless and scum-like guy'.

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?