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Thursday, August 14, 2025
TopicBloomberg wire

Topic: Bloomberg wire

India heat wave drives temperature gap between rich and poor

Temperatures in the gritty New Delhi locality of Mungeshpur averaged 1.4° Celsius higher this month than in the suburban enclave of Safdarjung, data from India Meteorological Department shows.

Gautam Adani’s food venture Adani Wilmar is best-performing IPO in Asia

The food company has almost tripled since its debut and outperformed 121 Asian initial public offerings worth over $100 million this year.

China’s economy slump shows no sign of bottoming out in May

The weakness in the gauge — the worst since the early months of the pandemic — reflects the lingering effects of large-scale lockdowns despite recent progress toward reopening.

How to start solving America’s gun culture problem

America’s gun scourge is not about mental illness. It is, and always has been, about the 400 million guns that remain largely unregulated on the streets.

Modi govt to allow duty-free import of soybean, sunflower oil, cool surging prices

The government will permit purchases of 2 million tons each of the two vegetable oils per annum this fiscal year and the next, according to a notification by the finance ministry.

US unveils 13-nation economic pact to assert Asia leadership

The Biden administration announced that a dozen Indo-Pacific countries will join US in an economic initiative designed to counter China’s influence in the region.

India stalls privatisation of state-owned Bharat Petroleum as bidders exit

There was only one potential buyer left in the fray for purchasing the government’s 53% holding in the company. India didn’t want to proceed with a single bidder, official said.

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Gautam Adani and Mukesh Ambani reap benefits from surging oil & coal

Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. While Ambani is snapping up distressed crude-oil cargoes at discounts to feed Reliance's refining complex.

Climate change is making India and Pakistan heat more intense

'Spells of heat have always been a feature of the region’s pre-monsoon climate during April and May,' Nikos Christidis, the scientist who produced the report, said in a statement.

On Camera

Trump is swinging on Russia again. What this means for Europe’s security architecture

The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

2 Agniveers awarded Sena Medal for gallantry in Op Sindoor, a first since Agnipath launch

This marks the first time that Agniveers have received gallantry awards. They are the Army's short-term recruits under the Agnipath scheme.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.