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Saturday, October 5, 2024
TopicBloomberg wire

Topic: Bloomberg wire

China faces worst economic slowdown since pandemic, Nomura says

The slowdown in China’s growth worsened in the first quarter and markets should be concerned about a further slide in the second, economists at Nomura Holdings said.

Anil Ambani resigns from boards of Reliance Power, Reliance Infrastructure after SEBI’s order

SEBI in February had issued a retraining order on founder Ambani and other top executives of a group entity, Reliance Home Finance, for allegedly diverting funds to repay debt.

Yemen’s Houthi rebels attack oil depot in Saudi Arabia’s Jeddah

The Saudi-led coalition fighting Houthi rebels in Yemen intercepted a ballistic missile and 10 bomb-laden drones, according to the state-run Saudi Press Agency.

Air India may buy as many as 30 large jets worth $10 billion, Airbus’ enginemaker says

Chris Davie, senior vice president in Asia Pacific for Rolls-Royce, said Tata Group-owned Air India is looking for 'big order', which will allow the airline to get international growth.

China is quietly picking up cheap Russian crude as India buys more

Unlike India’s state-run oil refiners, which have issued tenders seeking to buy Russia’s crude among other grades, traders say China is negotiating privately under the radar with sellers.

Why Putin could well use the ‘famous black suitcase and the red button’

As we reach the one-month mark in this war, Putin is primarily using the strategies of ancient warfare. But in the background loom the most modern tools of combat.

TikTok fund glitch draws complaints from rising stars who have not been paid in weeks

Many TikTok stars who recently qualified to be paid for their videos have been shut out of the registration system, causing frustration & outrage among some very dedicated creators.

Rajesh Jain, India’s dotcom-era pioneer, preps second startup for launch in coming year

Netcore Cloud Pvt. is a software-as-a-service, or SaaS, that specialises in offering customer communication and engagement solutions to businesses.

Why United States may turn gasoline prices into a political timebomb

U.S. gas prices hit a record level earlier this month. Limiting 'pain American people are feeling at the gas pump' was a main objective Biden set out in responding to Russia’s invasion of Ukraine.

Is consumer despair worse than we realise? Plummeting confidence metrics would indicate so

When the price of the things that we need go up and the price of things that we want go down, it creates economic misery.

On Camera

Writings on the Haryana Wall still have Modi first, just the first among equals

BJP's 2024 Haryana campaign is different. Modi's isn’t the lead picture on hoardings and after two terms in power, BJP is relying once again on its mainstay: upper castes & Punjabis.

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?