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Monday, September 30, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Europe’s summer fun unravels as travel chaos, eased measures result in Covid spike

Closing businesses and stay-at-home orders remain reluctant options given the dark economic forecast and millions of jobs at risk, particularly in tourism.

Hijacking bankers to catch swindlers won’t work, RBI needs more supervision

India’s banks need long-pending governance reforms. Efforts to prevent corporate plunder will unfairly disadvantage the likes of 'glocal' banks such as Citigroup and HSBC.

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.

17-year-old Florida high school boy orchestrated Twitter hack attack on Obama, Musk, Bezos

Graham Ivan Clark faces 30 felony charges for hacking Twitter accounts and luring victims into sending him Bitcoin donations among other offences. He will be tried as an adult.

Coronavirus in India now growing at the fastest rate in the world

India is only trailing US and Brazil now in the number of confirmed infections, but its growth in new cases is the fastest, increasing 20% over the last week.

Investors aren’t just knocking on wood as lumber outshines gold during the pandemic

While lockdowns and stay-in-place restrictions were expected to curb demand for building materials, North Americans stuck inside decided to spend on renovating their home.

Intel Corp’s plan to outsource manufacturing is the end of an era in US tech

When most other US chip companies shut or sold domestic plants years ago, Intel held out, a strategy that is now in tatters, with the company’s factories struggling to keep up.

Pakistan will forgive tax evaders if they invest black money in Imran’s govt housing scheme

Pakistan will look the other way if people invest black money in construction projects such as PM Imran Khan’s Naya Pakistan Housing Program by 31 Dec.

China sanctions US senators Marco Rubio, Ted Cruz and 2 others in retaliatory move

The move come 3 days after the US sanctioned a top member of China’s ruling Communist Party and three other officials over alleged human rights abuses in Xinjiang.

Saudi Arabia, Russia, UK, Germany hope to ‘wow’ citizens with Covid staycations

Covid put a giant dent into the tenth of global economic output tourism accounts for. Countries are hoping to recover some of these losses from domestic travellers.

On Camera

No more lip service on UNSC reforms—it’s time to form an implementation roadmap

Most of the UNSC’s failures stem from the use of veto power by the P5. In a world that champions democracy, the UNSC is inherently the most undemocratic entity possible.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?