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Monday, November 17, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Indian lawsuits allege former Wirecard COO played key role in deals later mired in disputes

The suits allege Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund in 2015.

Zoom has a new challenger – budding internet tycoon Mukesh Ambani

Ambani’s Reliance has launched JioMeet video conferencing app after beta testing. The app has already garnered more than 100,000 downloads.

Pine Labs weighs bid for fallen Wirecard’s business in India and southeast Asia

Wirecard was forced into insolvency by an accounting scandal. Several of its subsidiaries -- including those in Asia -- weren’t part of the insolvency filing.

Why you shouldn’t fixate on V-, U- or W-shaped economic recoveries

When recessions arrive, people always try to jam them into Vs, Ws, Us, Ls or even bathtubs. But whatever the shape, the recovery is going to be painful.

His wealth surged by $25 Billion. Then Jack Ma’s rival quit

Colin Huang has stepped down as CEO for Pinduoduo, a shopping app he founded in 2015 that became China’s third largest e-commerce platform during the Covid crisis.

Black manager accuses Facebook of systemically discriminating in hiring, salaries, promotions

Facebook is facing a class action from Black people who’ve experienced discrimination inside the company while it deals with an ad boycott campaign.

Thailand reopens to tourists – but only those who are loaded & can charter private planes

The Civil Aviation Authority of Thailand has added a clause to the plan to also allow those who have 'special arrangements' with the government.

Kim Jong Un scolds North Korea cadres for complacency on coronavirus

Kim met with top officials in what was the North Korean leader's first appearance to include photo evidence since 8 June, according to NK News.

US envoys can’t return to their posts yet due to disputes over testing, quarantining them

A State Department spokesperson said the US is taking precautions to make sure diplomats and their families are healthy when they leave the US.

US Congress quickly passes bill to impose sanctions on China for Hong Kong security law

The legislation provides for sanctions against financial institutions working with Chinese officials who the US claims are interfering in Hong Kong affairs.

On Camera

What Modi govt’s Seeds Bill 2025 must deliver for Punjab’s farmers

The draft Seeds Bill gets the big ideas right: universal registration, traceability, real penalties. To work for Punjab, it must get federal plumbing and farmer-facing details sorted.

As govt starts rolling back Quality Control Orders, a look at adverse impact they had, mainly on MSMEs

Between 2016 and 2025, around 700 QCOs were issued by the government. Now, it has withdrawn 69 of them.

Drone manufacturer ideaForge wins orders worth over Rs 100 crore from Army

ideaForge has formed a joint venture to manufacture and market UAVs in the US. Its Q6 UAV is now included in NATO and allied procurement systems.

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.