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Saturday, October 5, 2024
TopicBloomberg wire

Topic: Bloomberg wire

China’s foreign ministry endorses envoy’s comments on Ukraine, talks of ‘political settlement’

Ambassador Fan Xianrong had reportedly told Lviv Governor Maksym Kozytskyi during a meeting Monday that China was 'friendly country for Ukrainian people' & would 'never attack Ukraine'.

Magnitude-7.4 earthquake hits Japan near Fukushima, leaves 4 dead, halts factories

The affected area was devastated by a 9.0-magnitude earthquake and tsunami in 2011 which left nearly 20,000 dead or missing, and triggered a nuclear crisis.

Macquarie’s Paytm analyst who predicted slump further cuts target price

Macquarie’s Suresh Ganapathy cut his price estimate to Rs 450 from Rs 700, citing lower valuations for fintech companies globally.

7.3 magnitude earthquake hits near Japan’s Fukushima, triggers tsunami warning

The earthquake, which also disrupted power in parts of Tokyo, struck at around 11:36 pm local time, Japan's meteorological agency said.

Retain armed forces, adopt neutral status — Russia proposes possible ‘compromise’ for Ukraine

Kremlin spokesman Dmitry Peskov declined to provide details beyond confirming that the idea of Swedish or Austrian-style neutrality is under discussion in peace talks with Ukraine.

The global fight over semiconductors is only going to get worse

Behind closed doors, though, some people in the industry are getting increasingly concerned that the push to make the West more competitive might backfire.

Too bad for Amazon, Mukesh Ambani’s Reliance has seized the future of retail in India

Ambani settled the dispute over who gets to own the assets of Future Retail not in an arbitration tribunal, or in a courtroom, but in a shopping aisle.

India inflation surges to eight-month high in February amid supply snarls

The uncertainty fueled by the Russia-Ukraine war is likely to force the central bank to revisit its inflation and growth forecasts at its policy meeting next month.

Lure of ‘cheap’ Russian oil makes India scout for ways to work around international sanctions

India wants to use a smaller state-run bank such as UCO Bank or one with minimum exposure to western sanctions imposed by US, Europe to handle the payments process, officials said.

India to issue green bonds worth Rs 240 billion, as country shifts to low-carbon economy

The debut sale may take place in the first half of the financial year that starts on 1 April, and a decision to sell more green debt will depend on the response to the initial issuance.

On Camera

Idol worship an eyesore to Bangladeshi islamists. Durga Puja to be toned down this year

Manindra Kumar Nath, vice president of the Bangladesh Puja Udjapan Parishad, said Hindus are afraid of celebrating Durga Puja as they did before.

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?