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Friday, November 14, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Saudi Aramco raises oil prices as crude surges to nearly $95 a barrel

Aramco’s decision came days after OPEC+ opted to increase its daily crude production by 400,000 barrels a day next month.

SBI profit in third quarter rises 62% on improved consumer demand

With a fifth of India’s loan market, SBI is a key barometer on the health of the country’s financial sector and a key player for economic revival.

Facebook has probably peaked. And halting its decline could be a tall order for Zuckerberg

With Zuckerberg's long-term inability to build attractive new services in the face of growing competition, a new reality is sinking in: Facebook looks like a company in decline.

Amazon Prime price increase won’t solve e-commerce struggles

For the third quarter in a row, Amazon offered a subdued forecast, projecting revenue growth of 3% to 8% for the current quarter, lower than the 11% median estimate.

Rakesh Jhunjhunwala’s new airline Akasa plans to use stock options to lure staff

Akasa, which is preparing to start flying in late May, is taking the unusual approach of granting shares to a bigger pool of top employees, rather than a select group.

Tiger Global raises $11 billion for latest venture capital fund called PIP15

PIP 15, which invests in internet technology start-ups in India, China and the US, is Tiger’s largest one yet, and follows several fundraises in recent years.

Jeff Zucker steps down as CNN president, leaves network in limbo with streaming launch weeks away

Zucker’s resignation comes following his failure to disclose a consensual relationship with a longtime co-worker. He has led the 24-hour cable news network since 2013.

Apple makes progress in India as iPhone sales jump 34% to 2.3 million units in Q4

While Apple has become the most valuable company in the world on the popularity of its iPhone, it has struggled in Indian market. Pricey iPhones are far beyond the reach of many consumers.

Biden scours globe so Europe can get natural gas if Russia invades Ukraine

US has approached gas producers including Qatar, Nigeria, Egypt, Libya & companies in Algeria. EU officials say they’re discussing possible swaps of long-term gas contracts with Asian nations.

Beijing Winter Olympics opening is new chance for China to bolster its image

Reports of human rights abuses in Xinjiang & suppression of dissent in Hong Kong have pushed opinions about China to historic lows. The pageantry is one way Beijing can make its appeal.

On Camera

Trump stoked the Epstein scandal. It’s come back to bite him

The disgraced financier also seemed to allege in documents that Trump kept company for hours with one of Epstein’s victims.

Wealth nears $99 trillion, still Asia’s rich don’t have succession plans

Much of this wealth is tied to founder-led businesses that employ millions and help anchor regional economies.

Turkey blocks transport of Apache choppers to India through its airspace, new route being worked out

Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.

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.