Tuesday, 4 October, 2022
TopicBloomberg wire

Topic: Bloomberg wire

‘Asia a great proxy for other markets’ — Netflix on fixing its subscription crisis

Streaming platform to curb spending, while maintaining investments in Asian market, producing local films and creating partnerships with wireless operators to reach potential customers.

India records best-ever mergers & acquisitions quarter, $82.3 billion pending & completed deals

The spike was led by HDFC Bank's $60 billion all-stock acquisition of Housing Development Finance Corp. in April, which combined India's leading bank and largest mortgage lender.

Airbus emerges as front runner to win Jet Airways’ order worth $5.5 billion

Once India’s top private airline, Jet Airways is returning to the skies. The company is trying to acquire A320neo jets and A220 planes from Airbus SE, Boeing Co. and Embraer SA.

Bajaj Auto to buy back shares worth over Rs 2,500 crore

The company’s board approved the buyback at a price as high as Rs 4,600 per share, the Pune-based manufacturer said.

What post-Roe America can learn from Ireland’s battle for abortion rights

To regain — and keep — these basic liberties, rights campaigners will need to rethink abortion advocacy. They can begin by studying Ireland’s experience.

G7 ban on new Russian gold imports ‘largely symbolic’, may not have major impact

The US, UK, Japan and Canada plan to announce the ban during the G7 summit that started Sunday in Germany. Flows have already been restricted by previous sanctions.

For decades, Putin made Europe dependent on Russia; now he is exploiting those weaknesses

Russia has skirted sanctions due to new buyers like China and soaring energy prices which make up for reduced supply to Europe.

Why netizens are ‘creeped out’ & concerned over Alexa’s mimicry of ‘grandma’s reading’

One worry was the potential for employing the technology to create deepfakes — using a legitimate recording to impersonate people saying something they haven’t actually done.

Three charts show trouble for Indian stocks and why its unlikely to end anytime soon

The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market.

US top court open path to more guns in public, strikes down New York law on concealed firearms

The decision follows a series of mass shootings, including rampages that left over 30 people dead at a Buffalo, New York, grocery store and an Uvalde, Texas, elementary school.

On Camera

YourTurn

File photo of Supreme Court | Manisha Mondal | ThePrint

SC ruling on hijab & Gyanvapi won’t just be limited to faith. It’ll be about our democracy

While petitions against Karnataka’s hijab ban are an opportunity to define student rights, those against Place of Worship Act can be a platform to ensure a robust law-making procedure in India.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

The LCH is designed with stealth features such as reduced visual, aural, radar and infrared signatures | Photo: IAF

Prachand, India’s new Light Combat Helicopter, doesn’t yet have main arsenal or protection suite

IAF inducted new helicopter Monday, but it'll get anti-tank guided missile only by mid-2023, while air-to-air missiles haven't yet been ordered, it is learnt.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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