Monday, 4 July, 2022

Topic: Bloomberg

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.

US ramps up surveillance of highly transmissible Covid variant first detected in India

The B.1.617 variant was detected in US between late February & late March. On 4 May, Centers for Disease Control and Prevention designated it as a variant of interest.

Zhong Shanshan, the lone wolf Chinese tycoon who beat Mukesh Ambani to become Asia’s richest

Zhong Shanshan, chairman of Chinese bottled-water company Nongfu Spring, beat Warren Buffett, Larry Page and Steve Ballmer to become the sixth wealthiest person on earth.

On Camera


Representational image of a protest against rise in prices of fuel and LPG, in Kolkata | ANI

You thought inflation’s high in India? Data shows at least 100 countries doing worse

Lebanon faces worst inflation rate in the world, followed by Zimbabwe and Sudan, according to 'Trading Economics', which sources data from governments.


Army personnel give military honours to the soldiers of Territorial Army's infantry 107 battalion who lost their lives in the Manipur Landslide, 2 July 2022, Siliguri | Credits: ANI Photo/ ANI Pic Service

A look at the Territorial Army — The Indian military’s task force hit by the Manipur landslide

The Territorial Army, a part-time military organisation for Indians who may have other jobs, is essentially a volunteer force that can be quickly mobilised in the defence of a state.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.