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Sunday, October 6, 2024
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

Make it a Fundamental Right of every religionist to propagate, convert: TT Krishnamachari

On 6 December 1948, TT Krishnamachari spoke in the Constituent Assembly during a debate on Article 19, supporting it as it is, including how it's framed in the matter of religion.

How businesses can become more resilient to the physical impacts of climate change

Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.

Iran’s Shahab-3, India’s Agni-1 to US’s Minuteman III—ballistic missile arsenals, who has what

Iran used Shahab-3, along with Fattah-1 hypersonic missiles, to attack Israel after the killing of Hezbollah leader Hasan Nasrallah in air strikes on Lebanon's Beirut.

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?