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Friday, August 29, 2025
TopicBloomberg

Topic: Bloomberg

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.

China’s Covid cases could’ve been four times more than official tally, says study in Lancet

Infections in China would’ve been 232,000 if calculation of cases confirmed by ‘clinical diagnosis’ had been applied throughout outbreak, Lancet reported.

On Camera

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.