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Wednesday, November 12, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Sri Lanka names new finance minister, after President Rajapaksa’s brother quits post

Ali Sabry will take over from Basil Rajapaksa as the head of finance. Sabry is among the key decision makers, as the president prepares for a bailout from the IMF.

Good luck trying to sanction China’s 4,762 ‘little giants’

Beijing has stepped up efforts to nurture innovative small and mid-sized enterprises, hoping some will become indispensable to multinational companies.

Cheap tickets to stay as country’s airlines squabble on fare hikes

Sunil Bhaskaran, chief executive officer of AirAsia, said Indian aviation is suffering from 'irresponsible competition' that’s kept fares low despite high taxes and fuel prices.

Hong Kong leader Carrie Lam to quit, won’t seek second term

Lam, who has been the city’s least popular chief executive, said she informed authorities in Beijing of her plan at a National People’s Congress session over a year ago.

Cost of living rises as companies pass on higher prices due to global supply squeeze

Companies passing on costs will add to inflationary pressures, but the consumer price-targeting RBI has maintained that the current spike is supply driven and best dealt with by the govt.

Mortgage financier HDFC Limited all set to merge with HDFC Bank, shares soar

Once the deal is effective, HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC will own 41% of the bank, according to a filing Monday.

Imran Khan outsmarts Pakistan’s opposition for now, tells country to ‘prepare for elections’

A former cricket great, Khan’s Pakistan Tehreek-e-Insaf (Justice) party has 155 seats. With the help of coalition partners, he’s retained a slim majority of little more than 172.

WHO suspends procurement & supply of Covaxin, citing issues at Bharat Biotech’s facilities

The Indian vaccine maker has committed to address deficiencies in good manufacturing practices and is developing an action plan, WHO said, without specifying when the suspension will be lifted.

European Union leaders likely to warn China on support to Russia

European Commission President Ursula von der Leyen said China had a 'special responsibility' to demand that Russia respect international law and to defend Ukraine’s sovereignty.

Political turmoil in Pakistan adds to surge in default risk, triggers currency & bond loss

Pakistan’s default risk as measured by five-year credit-default swaps has climbed to highest since 2013. While its 5.625% dollar bonds due in December have already tumbled 5%.

On Camera

This era has made journalistic independence harder than ever: New York Times publisher

Journalist Arthur Gregg Sulzberger delivered the Reuters Memorial Lecture on 4 March last year.

India’s factory data may get reality check in MoSPI’s new IIP plan, defunct factories to be dropped

MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.