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Tuesday, March 26, 2024
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

3 survey results that tell us what Indians think about democracy — and it’s not a simple story

The search for a permanent and coherent popular meaning of democracy is futile. The Pew report underlines this ever-evolving tendency of popular democracy in the Indian context.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Indian Coast Guard’s pollution control vessel visits Philippines, Vietnam, and Brunei

The ICG Samudra Paheredar will be in the region for three days, visiting ports in Manila, Ho Chi Minh, and Muara.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.