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Thursday, August 14, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Rescue teams struggle to reach survivors in Afghanistan quake which killed at least 1,000

The eastern Paktika province, home to some of the country’s most impoverished farmers and cattle herders, was the worst hit by the 5.9 magnitude earthquake, the Taliban govt said.

Uber had ‘explored’ selling its India business but stock market rout squashed those plans

Company spokesperson Ruchica Tomar disputed the idea it had considered retreating from India and said that it was not leaving the country, ‘not even for a minute’.

Worldwide biodiversity loss may push developing nations into default, says research

A 'partial ecosystems collapse' would increase annual borrowing costs for 26 nations including the US by $53 billion and trigger massive downgrades for India and China.

RBI ramps up forwards market intervention in bid to slow rupee decline, protect reserves

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank Ltd.

US says India, China may be buying more Russian oil than believed, easing supply crunch

The price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier this month — raising hopes that pressures may ease at the gas pump.

Uber’s carpool service is back after pandemic-induced hiatus

New York: Uber Technologies Inc. is bringing back its shared ride service after a hiatus during the height of the Covid-19 pandemic. The carpool service,...

Cryptocurrencies show signs of recovering from last week’s rout, Bitcoin holds above $20,000

Bitcoin rose as much as 1.6% in Asia Tuesday and was trading at $20,665 as of 8:42 a.m. in Tokyo. The MVIS Cryptocompare Digital Assets 100 index climbed 1.5%.

French President Macron faces setback to reform agenda after losing assembly majority

The 44-year-old centrist will face difficulties passing legislation on issues such as retirement age and tax reforms after he failed to meet the 289-seat threshold.

Air India likely to order 300 narrowbody jets in one of history’s largest aircraft deals

Under Tata's ownership, the carrier may order Airbus SE’s A320neo family jets or Boeing Co.’s 737 Max models, or a mix of both, said people familiar with the matter.

Seed, fertiliser scarcity pushes Sri Lanka into food crisis as farmers abandon fields

Rice production in the last harvest season had already plunged 40% to 50%. Now, crop yields could shrink as much as 50% this year.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.