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Wednesday, November 5, 2025
TopicBloomberg

Topic: Bloomberg

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.

China tests 3 million people in Xinjiang after recording cluster of asymptomatic cases

Free testing is being rolled out for nearly 4.75 mn people in Kashgar of Xinjiang province. As of Sunday afternoon, 2.83 mn had been tested & 334,800 were found to be negative.

12 civilians killed & over 40 injured after missile hit city of Ganja in Azerbaijan

Azerbaijan's foreign affairs ministry suggested that Armenia was responsible for the shelling. The two countries have been fighting over the disputed region of Nagorno-Karabakh.

South Africa’s data on Covid-19 deaths doesn’t reflect true scale of crisis, say health experts

There is significant underreporting of mortality in villages and smaller towns in the Eastern Cape, said Ian Sanne, head of non-profit organisation, Right to Care.

Reliance funnels billions from Jio stake sales into debt funds

The monies have been deployed into ultra-short and money-market funds, and others focused on debt with an average of three-to-five year maturities.

Amazon ‘in talks’ with Bharti Airtel to buy 5% stake for $2 billion

Amazon is reported to be in early-stage discussions to buy about a 5% stake in Bharti Airtel, which has 300 million subscribers.

French drugmaker Sanofi sparks outrage after CEO says US could be first to get vaccine

Sanofi’s CEO said the US is likely to be first in line if the company succeeds in creating a Covid vaccine since it was the first to fund its research.

Modi govt considering tax holiday to win new investments and boost economy

The proposal to give a 10-year full tax exemption to companies making new investment upwards of $500 million is being evaluated by finance ministry.

Italy has a reopening plan with a caveat on second coronavirus wave

Italian PM Giuseppe Conte said his country will start easing lockdown restrictions on 4 May, setting up a key test of Europe’s efforts to restart public life.

Santosh Kamath, the star Franklin manager who got burned in a debt market he helped create

Santosh Kamath is widely acknowledged as having helped build the market for credit rated below AAA in India as a major buyer of those assets.

On Camera

Pakistan can’t bomb or bargain its way out of the TTP-TLP mess

Among the many problems Pakistan is currently dealing with, the TLP and TTP offer two varying dimensions of the same one.

Kerala’s silent startup surge—work near home, smooth roads, fast internet & diaspora engagement

Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.

India & Israel ink agreement to share, co-develop & co-produce advanced defence tech

Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday. 

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.