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Sunday, September 29, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Why hedge fund managers aren’t buying the rally in Indian stocks

The Sensex has rebounded 34% from its March low but the jury is still out with the IMF cutting India’s growth outlook by the most among all major economies.

China approves Hong Kong security law, risking US anger

The measure to punish acts of secession, subversion, terrorism and collusion with foreign forces comes on the eve of the anniversary of Hong Kong’s return to Chinese rule.

Sunil Mittal bids for bankrupt UK satellite firm OneWeb PM Johnson is trying to save

OneWeb makes low-Earth orbit satellites that provide high-speed communications. UK hopes it'll help build a new national navigation system.

US doctors do away with magazines in waiting rooms in another pandemic blow to print

Publications are grappling with people's fear that one can get Covid by touching them. To date, there is no evidence of transmission of the virus through print media.

Russia rubbishes reports that it paid bounties for Taliban to kill US & allied soldiers

Reports in the New York Times and Washington Post say interrogations of captured extremists revealed Russian intelligence units paid bounties to kill US and UK troops.

Reviving Britain’s economy is tough with an aging workforce

From producers of medical packing components to truck drivers and agriculture, the pandemic has made the need to address UK's rapidly aging workforce more urgent.

Gilead says remdesivir will cost $2,340 for 5-day course

Gilead said it would offer this price to developed countries around the world in order to create a one-price model that would avoid country-by-country negotiations that could slow down access.

Team kits, sponsors — virtual Tour de France to look eerily like the real thing

Unlike the three-week, 21 stage real-life event, the virtual cycling event will feature six stages of nearly one hour each over three weekends, beginning 4 July.

China’s new national security law will establish ‘red lines’ for Hong Kong residents

A Hong Kong official said the controversial security law was more a warning to people that they cannot demand independence or resort to 'terrorist acts'.

Red tape is the stealth weapon as US-China feud gets nasty

The US and China have blacklisted each other’s companies, barred flights and expelled journalists, and now, regulatory punches threaten a wide range of industries.

On Camera

Indians are musically poor. We aren’t a good market for cutting-edge international bands

Coldplay is an exception. Our taste in western music is orthodox, throwback, out-of-date. When Nirvana, Blur were big, we were still playing Pink Floyd, Queens.

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?