Wednesday, 18 May, 2022
TopicBloomberg

Topic: Bloomberg

North Korea’s Covid solution may comprise launching missiles in move to flex its muscles

As Biden prepares to visit allies in the region, Kim Jong Un may be planning on showing off North Korea's military might to distract from its 1.7 million Covid-infected citizens.

After disappointing debut listing, LIC investors seek attractive Aramco-Style dividend

Guaranteeing a 3%-4% regular dividend may make LIC investors stay put, but having to hold the shares long-term in a volatile market may make them uncomfortable.

Elon Musk’s Twitter has a cryptocurrency swamp to drain

Musk has promised to drain the network’s swamp of scams, spams & bots — a contradictory goal, given they thrive in the same frictionless hive of communication that makes Twitter's money.

Eight-hour blackouts hit India after hottest March on record

A surge in demand for electricity has prompted states including Punjab, Uttar Pradesh and Andhra Pradesh to cut off supply.

Biden to send US troops to Eastern Europe amid threat of Russian invasion of Ukraine

Speaking to reporters Friday, President Joe Biden added that 'not a lot' of soldiers would be involved 'in the near term' and did not name any countries where troops might be deployed.

How Biden could impact effect of potential war in Ukraine on Europe’s energy crisis

As Biden has warned of severe economic restrictions, one big risk to the flow of gas to Europe would be sanctions cutting Russia off from the ability to trade in foreign currency.

HSBC buys L&T’s investment management unit for Rs 3,200 crore

The latest push comes as HSBC looks to build up the Asian wealth and investment business that is at the forefront of the bank’s turnaround plans.

Ola’s dream of world’s biggest e-scooter factory hits a hurdle

Mass production of Ola's e-scooters is likely to be pushed back until at least January. The firm is struggling with manufacturing and is able to make only as many as 150 units a day.

Can Facebook’s ‘secretive’ image be altered? Its Oversight Board could make a difference

The first-ever 'transparency report' into Facebook could be a golden opportunity for the board to put its foot down on the social media giant's chronic secrecy.

Prosus-backed PayU to acquire payment gateway company BillDesk for Rs 345 bn

BillDesk, backed by Visa, was one of the pioneers of online payments in India alongside larger rival Paytm. Its services are common especially among retailers in the country.

On Camera

YourTurn

Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
Congress supporters staged a protest against inflation in Ranchi on 10 May | ANI

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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