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Monday, November 10, 2025
TopicBloomberg wire

Topic: Bloomberg wire

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.

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.

On Camera

SC order on stray dogs is like Tughlaq’s march to Daulatabad—grand in tone, empty in substance

SC’s order asks institutions to breed unnecessary panic and build fortresses, when they are yet to achieve basic safety or dignity.

No more text-heavy ads, wider scope of services—ICAI’s ethics code overhaul to promote Indian CA firms

Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.

‘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.