Page 413 - Bloomberg

Big pharma: Here's why India's drug industry needs a major overhaul

The latest drug recalls just add to a long line of scandals that have tainted the pharma sector of India

India muscles in on $447 bn space economy amid China, Russia's isolation

By 2025, the so-called space economy is projected to grow to $600 billion from $447 billion in 2020, according to Ernst & Young estimates

Amazon.com Inc lays off about 100 employees in its gaming divisions

Amazon has struggled to capitalize on its resources in gaming, including through its Crown channel, an entertainment show on the Twitch streaming service

Dogecoin rises as much as 30% as Twitter home button becomes Doge meme

Doge also began to trend on Twitter. The token gave up some gains to trade 8.6% higher at 11 a.m. in London

Pakistan raises benchmark interest rate by 100 bps as IMF Loan in Limbo

The overall balance of payments position continues to remain under stress, with foreign exchange reserves still at low levels, the central bank said

Adani Group joint venture in talks for 1st offshore loan since Hindenburg

AdaniConneX Private Ltd would use this $200 mn loan for capital expenditure, with a five year tenor under discussion

BOE economist says interest rates may have to rise as prices fall

Inflation is set to drop sharply from the current 10.4% level in the coming months due to lower energy prices and base effects, as last year's sharp price jumps are not repeated

Rs 50k per month for 2bhk: Bangalore is now India's hottest rental market

Anarock's data shows rents in various Bangalore neighborhoods have jumped by double digits since 2019, echoing a wider surge across India's major cities

Bitcoin touches high end of recent range; Dogecoin extends gain

The largest cryptocurrency by market value rose as much as 3.1% to $28,442 on Tuesday, its first session higher in three

Apple Inc says users report weather app outage in some locations

The Cupertino, California-based company said on its website that issues for the app were reported at 11 p.m. New York time Monday and continued Tuesday

Signature Bank insiders sold $100 mn in Stock, Wall Street Journal Says

They sold many of the shares in 2021 at around $220, before the stock hit an all-time high of $366 in early 2022, according to the report

L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal

At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics

US job openings fall below 10 million for first time since 2021: Report

The number of available positions decreased to 9.9 mn from a downwardly revised 10.6 million a month earlier, the Labor Department's Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday

Sri Lanka key rate 2-decade high at 16.5% after clinching IMF loan

The Central Bank of Sri Lanka kept the standing lending facility rate unchanged at 16.5%, according to a statement on its website on Tuesday

Walmart sees more than 2,000 job cuts in e-commerce warehouses across US

The losses include more than 1,000 positions at a warehouse in Fort Worth

Half a million white-collar job cuts since Oct 2022: Is this just a start?

There have been more than 500,000 job cuts announced around the world since October, as tracked by Bloomberg

Warner Brothers closing in on deal for Harry Potter online TV series

Each season of the series will be based on one of JK Rowling's seven books

What higher oil prices mean for the fight against climate change

In the past year, soaring energy prices and Russia's invasion of Ukraine have been accelerants and a curse for the transition away from dirty fuels

Untamed global warming risks soaring death toll in middle east: Report

If global warming can be limited to 2C above preindustrial levels, the researchers found that over 80% of those deaths could be avoided

Opec+ output cut opens door to others for battle over Asia's oil demand

A surprise cut in oil production from OPEC+ is now setting the stage for other producers to vie for markets in Asia