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Saturday, October 5, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Business class to 5-star hotels, Indians splurge on holidays as Covid travel curbs ease

To prepare for the travel rebound, India may have to add as many as 120 planes every year, Indian Civil Aviation Minister Jyotiraditya Scindia said last week.

From previous shortages, world moves to possible excess of Covid-19 vaccines

The global vaccine industry is facing waning demand as many late-to-market producers fight over a slowing market.

How war in Ukraine is hollowing out Russia’s tech future

70,000 information technology workers have already fled the country & another 100,000 are expected to depart over next month, the Russian Association for Electronic Communications has said.

US Army to cut troop strength to below 1 million soldiers for first time in two decades

'Pro-active' decision was driven by focus on recruiting high-quality soldiers without lowering standards & not to free up money in the budget, said Army undersecretary Gabe Camarillo.

‘Expressing moral outrage’ says Biden, clarifies Putin ‘cannot remain in power’ remark

US President stood by his words and said he was expressing his own anger about the invasion of Ukraine. He also clarified that he wasn't 'articulating a policy change'.

‘Was out of line and wrong’: Will Smith apologises to Chris Rock over Oscars slap

The apology comes after the Academy of Motion Pictures and Sciences condemned Smith's actions and said it would explore possible 'consequences' for his actions.

FedEx names Raj Subramaniam CEO, will succeed founder Fred Smith

Subramaniam, who joined FedEx in 1991, had been chief operating officer since 2019, marking a rapid rise through FedEx ranks. He will move into the new position in June.

Russian billionaire Roman Abramovich, Ukrainian negotiators ‘poisoned’ during peace talks

Abramovich, Russia’s unofficial mediator & Ukrainian parliamentary deputy Rustem Umerov, suffered suspected poisoning after meetings in Kyiv at beginning of month. They have both recovered.

A world that’s more expensive is starting to destroy demand

Prices for food, fuels, plastics and metals are surging beyond what many buyers can afford. If the trend grows, it may tip economies already buffeted by pandemic and war back into recession.

Jeweller Joyalukkas India files for Rs 2,300 crore IPO, seeks to tap into gold demand

The proceeds from the issue will be used to pay back some loans and to open new stores, Joyalukkas said in a draft prospectus.

On Camera

Support reducing for Kolkata doctors. Mamata is 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 it's 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?