Thursday, 6 October, 2022
TopicBloomberg

Topic: Bloomberg

Chai Pani, which serves Indian chaat in North Carolina, voted America’s best restaurant

The Ashville eatery was named America’s most Outstanding Restaurant at the James Beard Foundation Awards in Chicago on Monday, topping nominees such as Brennan’s in New Orleans.

Millennials in India making riskier investments, in bid to boost returns rocked by inflation

More Indians are venturing into volatile territory by pouring money into new and lightly controlled assets, investing in peer-to-peer lending and cryptocurrencies.

Rupee falls to a record low at 78.28 per dollar, stocks slide amid global risk-off fears

The rupee slid as much as 0.6% on Monday, after having hit a series of recent lows. The benchmark S&P BSE Sensex Index slid about 2.8%, and bonds also declined.

China issues private warnings to US over Taiwan Strait status, US officials concerned

While China regularly protests US military moves in the Taiwan Strait, the legal status of the waters previously wasn’t a regular talking point in meetings with US officials.

Loan demand at SBI rising despite inflation, higher borrowing costs, says chairman

Loan growth at India's biggest lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction.

Oklahoma lawmakers pass US’s ‘strictest’ abortion bill for near-total abortion ban

If signed by governor Kevin Stitt, the law would ban nearly all abortions at conception and would allow civilians to sue those they believe have performed or aided an abortion.

Cases of Monkeypox confirmed in UK and US: Experts discuss if it is a cause for concern

The disease, contracted from infected wild animals, spread from an infected man who had recently travelled to Canada. However, health officials say the case poses no public risk.

US may ease sanctions on Venezuelan oil, direct cargoes to itself and Europe

Following an oil supply crunch and historic inflation, the easing of penalties may allow California-based energy corporation Chevron to negotiate resuming operations in Venezuela.

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.

On Camera

YourTurn

The BMW i4 eDrive40. Photo Credit: BMW

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Defence

File photo of a BrahMos firing by a Su-30 MKI | Credit: IAF

IAF to increase Sukhois armed with BrahMos supersonic cruise missile with over 500km-range

The IAF currently has 40 SU-30 MKI with BrahMos, the only supersonic cruise missile in the world.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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