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Tuesday, May 7, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Fear of Trump helps bring rivals China and Japan closer together

Chinese President Xi Jinping sees Japan as a way to mitigate trade war with the US as Japan seeks to further enhance economies ties with China. 

RBI hand seen as rupee holds amid cooling oil prices

India’s forex reserves plunged $5.14 billion in the week ended 12 Oct. — the biggest drop in 7 years — hinting at the central bank’s intervention.

Kraft Heinz to sell some of its Indian businesses to Zydus for Rs 46 billion

Kraft to sell Complan, Glucon D & Nycil, among others to Zydus Wellness, in a deal estimated to be worth $625 million.

Naspers eyes larger stake as Swiggy plans its biggest fund-raising

Africa’s Naspers owns 22% of Swiggy and aims to support new fund-raising that could raise more than $600 million.

New risk for Indian stocks: One-decade flood of foreign money could reverse

Indian stocks have been biggest beneficiaries of wave of liquidity that swept over world markets after the global financial crisis.

This weekend’s election could be transformative for Afghanistan’s political landscape

Afghanistan's steps towards establishing a democracy have often been marred by the Taliban's attempts to sabotage elections.

Netflix denies promoting movies and TV shows based on viewers’ race

Users have complained that Netflix is trying to manipulate them into watching programs by touting thumbnails that are the same race as the viewer.

Iraq may have ‘fourth-biggest oil producer’ tag, but there is little to show for it

For all its petro-wealth, Iraq lacks steady electricity supplies and has trouble attracting the kinds of investment needed to create jobs.

How India’s #MeToo campaign is different from the trailblazer in the US

America was more focused on workplace harassment. India’s #MeToo campaign has taken on a more diffuse character.

Hyping video has been Facebook’s most wasteful project

Facebook overestimated the attention videos got by using metric that exaggerated average amount of time users spent looking at a video.

On Camera

AI is doing the brave work humans are still squeamish about—using they/them pronouns

The hullaballoo over LinkedIn bot’s pronoun use comes on a day when CJI DY Chandrachud used the phrase ‘pregnant person’ in his judgment. It is a thing now. Get with the programme.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

Indian Coast Guard seizes Iranian fishing vessel, rescues six Indian crew members

The ICG said in a statement that the boat was seized and brought to Kochi for further investigation on May 6.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.