Page 38 - Bloomberg

Russia turns to India, Sri Lanka to tackle labour shortage amid crisis

The total number of work permits given to foreigners rose to more than 240,000 in 2025, the highest since at least 2017, statistics from the Ministry of Internal Affairs show

Mamdani ramps up NYC immigrant protections against Trump crackdown

The new measures formalise the "Trump-proofing" strategy Mamdani laid out in December, when he released a video urging undocumented immigrants to refuse entry to immigration enforcement agents

Harvard proposes capping A grades at 20% to tackle grade inflation

The plan would cap A grades at 20 per cent of undergraduates, with some flexibility, across courses and departments if it's approved by faculty ahead of the 2026-2027 school year

Trump deletes racist meme video of Obamas after bipartisan backlash

In the last seconds of the video, photos appear of the former president and first lady's faces, with their mouths agape, superimposed on the bodies of primates

Toyota appoints CFO Kenta Kon as new CEO in surprise leadership reshuffle

The shakeup coincides with a high-profile deal for the Toyota group, which is pushing to take Toyota Industries Corp. private in a tender offer that closes next week

Amazon shares falls after vow to spend $200 billion on AI this year

Chief Executive Officer Andy Jassy said the money "predominantly" would go toward the company's Amazon Web Services cloud unit, and most of that spending would be for AI workloads

Trump seeks new nuclear arms treaty with Russia as New START expires

The deal expired on Thursday, raising the possibility that US and Russia could potentially pursue new nuclear weapons unhindered by any diplomatic agreement while geopolitical tensions rise

India not selling US Treasury holdings despite forex fluctuations: RBI Guv

The country's holdings of long-term US debt had dropped to a five-year low of $174 billion as of November, down 26 per cent from a 2023 peak, according to US government data

Bitcoin bounces near $60,000 after 50% retreat from October highs

Cryptocurrencies have been on shaky ground ever since a brutal series of liquidations in October that sapped market confidence

AI race sends Big Tech's capital spending to stratospheric high of $650 bn

The ever-larger numbers - in total, an estimated 60 per cent increase from a year ago - means yet another acceleration in the wave of data centre construction taking place around the world

HSBC set to push out underperformers as some bankers face zero bonuses

Such a move is aligned with the vision of Chief Executive Officer Georges Elhedery, who wants to bring the bank more in line with pay practices at American peers

Nike faces probe over alleged discrimination against white workers

Nike said it has "shared thousands of pages of information and detailed written responses to the EEOC's inquiry" and is "in the process of providing additional information"

Glitch at National Securities Depository delays some trade settlements

The credit of shares bought on Tuesday and Wednesday is still pending because of issues in inter-depository functions, according to a notice dated Thursday

ArcelorMittal sees EU steel tariffs boosting profits, capacity use

In October, the European Union proposed doubling tariffs to 50% on all steel imports above a reduced quota. That will be a boon for ArcelorMittal, when the new import regime comes into force

Tata Motors PV to start assembling Range Rover Evoque in new TN plant

The site, expected to become a hub for its premium cars, will eventually absorb more JLR assembly that's currently handled at Tata's Pune plant

Zero net migration would shrink UK economy by nearly 4% by 2040: Report

Cutting net migration to zero could shave 3.6% off UK output by 2040 and add £37 billion to public borrowing, a new NIESR report warns

India told Washington it wouldn't be bullied as trade talks resumed

India's national security adviser told US officials New Delhi would wait out Trump's term, even as it quietly worked to ease tensions and restart trade talks after months of tariffs and public insults

Silver plummets more than 15%, erasing gains from two-day recovery

The surge of precious metals came to a sudden halt at the end of last week, with silver seeing its biggest ever daily drop on Friday and gold plunging the most since 2013

India's $36 billion arbitrage trade braces for lower returns after tax hike

The government announced the decision in parliament on February 1, saying the tax hike was aimed at curbing high-risk speculative trading in the options market

Trapped Tesla driver pleads for help in 911 call as vehicle burns

The transcript of the call was included in a lawsuit that alleges that a driver or passenger died after they were unable to open the electrically powered doors on their Tesla vehicle after a crash