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Saturday, November 15, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Vijay Mallya could lose London home as Swiss bank wants to foreclose loan

UBS Group wants possession of Vijay Mallya’s London home as the firm that took $27 million mortgage hasn’t repaid it.

Nobel committee rewarded the right kind of economics this year

Academics William Nordhaus and Paul Romer helped find answers to what makes people better off, and how can we have more of it.

How research is a Nobel way of attaining economic growth

Paul Romer, co-winner of this year’s economics prize, showed that research leads to new discoveries which in turn create possibilities of economic growth. New Delhi: The...

No Google, we did not agree to share this information

More than a decade into era of prevalent social networks & smartphones, people still can’t make informed choices about how to safely conduct their lives online.

Donald Trump has a new Asian headache as Pompeo gets snubbed & lectured

Secretary of State Pompeo flew to Asia and found himself facing the limits of Trump’s efforts to woo Kim Jong Un while confronting China.

IMF cuts global growth forecast blaming trade wars & emerging markets stress

Risks to global growth have risen in the last three months and tilt to the downside, the IMF said on eve of its annual...

Pakistan to seek IMF bailout as forex reserves fall dangerously

Pakistan’s forex reserves have plunged 40% in 2018 to lowest in almost 4 years. It’s running twin current-account and budget deficits of more than 5% of GDP.

Sinking rupee is hurting Indian firms that haven’t hedged their foreign debt

As rupee slides, unhedged firms that swapped overseas debt into local currency and don’t have foreign-currency revenues face higher repayment costs.

Indian equity fund investors are unfazed by stock market turmoil

Stock funds took in 111 billion rupees in September, the most since May, up from 83 billion rupees in August

Scientists suggest $2.4 trillion shift from coal to renewables

To stabilise climate change, the world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050.

On Camera

Capitalism is the bedrock of all economic progress. Socialism is a parasite: KD Valicha

Today is the anti-socialist era. Libertarianism is fighting; dedicated with all its power and love of liberty. It does not matter whether it wins in the political sphere, wrote KD Valicha in 1957.

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.

We expect a bit of nationalism & patriotism in your profit-driven endeavours: CDS to Indian industry

CDS Gen Anil Chauhan also hit out at the claims by some companies that their products were 70 percent indigenous even when they were not.

INDIA has a Congress-sized hole. And the fix begins with a little humility

Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.