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Friday, August 29, 2025
TopicBloomberg

Topic: Bloomberg

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.

Covid-19 hospitalisations continue to rise in New York, no slowing of rate of positive tests

Travelers from the UK face more restrictions due to a new variant of the virus spreading, with the US insisting arriving Britons have a negative Covid-19 test within 72 hours of departing the country.

China detains Bloomberg News staff member on suspicion of threatening national security

Haze Fan, a Chinese citizen, was last seen Monday while being escorted by plain clothes security officials. Chinese authorities said she is under suspicion of engaging in criminal activities.

Apple suppliers’ exodus from China won’t slow down under Biden

Apple Inc.'s decision to move some production of iPads and MacBooks to Vietnam suggests a longer-term migration that could impact the company & China’s role as a workshop to the world.

India ranks 34th in global Covid resilience survey, placed below Pakistan and Bangladesh

According to the Covid Resilience Ranking by Bloomberg, 12 Asian countries have scored better than India in handling the coronavirus pandemic.

Joe Biden’s Covid advisers say national lockdown not on agenda, will be US’ last resort

Vivek Murthy, former US surgeon general, says locking down the whole country will increase ‘pandemic fatigue’, hurt jobs and economy. Targeted effort is needed.

Days of free unlimited phone storage are numbered. Here are some ways to curb the problem

You can save money by opting for external hard drives, extra memory in the form of a MicroSD card or regularly backing your smartphone up to your computer.

Joe Biden’s win sparks Democratic joy pent up for years

After 4 years of angry division & 5 days of breath-held anxiety, celebrations erupted in Democratic strongholds in the US, even as Trump’s supporters continued to protest the result.

On Camera

How economic planning stifled India’s growth and talent

The Indian planning system did not encourage individuals based on ‘what they knew’, but on ‘whom they knew’. Many left for countries that recognised their talent.

All bets off as online gaming bill shakes industry & key players suspend ‘gambling’ on their platforms

The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation. 

Post-Sindoor, joint doctrine tasks Special Forces with fighting info warfare & countering propaganda

Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.

That Oval Office picture for ages deserves closer Indian reading, with a geopolitical lens

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.