Bloomberg
Bloomberg
Page 417 - Bloomberg
Why disqualifying Congress leader Rahul Gandhi doesn't help PM Modi
In other words, no council of BJP elders appears to have met in New Delhi last week and decided Gandhi had become so great of a threat that he needed to be driven out of Parliament
 "Why disqualifying Congress leader Rahul Gandhi doesn't help PM Modi")
Crypto exchange Binance, its CEO sued by CFTC over US regulatory violations
Binance Holdings is the world's largest cryptocurrency exchange
 "Crypto exchange Binance, its CEO sued by CFTC over US regulatory violations")
Twitter proprietary source code leak turns into hunt for the perpetrator
Exposing Twitter's internal workings may make the service more vulnerable to hacking attempts
 "Twitter proprietary source code leak turns into hunt for the perpetrator")
First Citizens buys Silicon Valley Bank following a run on the lender
The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens
 "First Citizens buys Silicon Valley Bank following a run on the lender")
The snack bag of the future won't be made from single-use plastic
Most bags for potato chips and other crispy snacks are made with three layers of polymer materials. Polymers are made from petroleum, and they'll never decompose
 "The snack bag of the future won't be made from single-use plastic")
Banking crisis raises concerns about leverage lurking in financial system
More than a dozen regulators, bankers, asset managers and former central bank officials say shadow debt and its links to lenders are becoming a major cause for concern
 "Banking crisis raises concerns about leverage lurking in financial system")
Intense, frequent heatwaves push India closer to limit of human survival
The national weather office has forecast rising temperatures in the coming weeks after India experienced its hottest February since 1901
 "Intense, frequent heatwaves push India closer to limit of human survival")
Indian banks to gain $36 bn in deposits as mutual funds get taxed
The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs
 "Indian banks to gain $36 bn in deposits as mutual funds get taxed")
SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds
It's the second attempt at an IPO by the SoftBank Group Corp.-backed startup, after India's stock market regulator raised multiple red flags on its earlier try in late 2021
 "SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds")
South Korea to surpass China in chip machine spending next year, shows data
Korea will likely increase its investment in fab equipment by 41.5% to $21 billion in 2024 while China logs only a 2% increase to $16.6 billion
 "South Korea to surpass China in chip machine spending next year, shows data")
Amazon, Google scramble to keep pace with OpenAI despite huge AI teams
The numbers underscore how seriously the world's biggest technology firms have been taking their work on artificial intelligence, but also how slow and cautious they have been to create services
 "Amazon, Google scramble to keep pace with OpenAI despite huge AI teams")
India mulls building LNG reserve to avoid future price hike or shortages
The government has proposed we should have more storage space for LNG so that when prices are lower we should store, and supply when there is crisis
 "India mulls building LNG reserve to avoid future price hike or shortages")
India's shrinking current account gap provides a reprieve for Rupee
Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1
 "India's shrinking current account gap provides a reprieve for Rupee")
Here's why turmoil in China's mega EV industry may spark a shake-up
The boost part, though, is looking a bit tenuous for both established and EV firms
 "Here's why turmoil in China's mega EV industry may spark a shake-up")
China foreign minister says nation's recovery to benefit US companies
Qin Gang, Foreign Minister, China, welcomed US firms to keep expanding investments in China and to set roots in the country
 "China foreign minister says nation's recovery to benefit US companies")
Ageing shadow fleet carrying Russian oil poses disaster risk: Report
The aftermath of European Union sanctions on Russia mean that the Turba has been enlisted into a vast shadow fleet carrying Moscow's oil around the globe
 "Ageing shadow fleet carrying Russian oil poses disaster risk: Report")
Taiwan loses ally of eight decades after Honduras recognises China
The move comes before Tsai starts a visit this week to allies such as Guatemala and Belize, and stops in the US
 "Taiwan loses ally of eight decades after Honduras recognises China")
Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt
Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani
 "Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt")
Starlink rival OneWeb completes fleet to offer global broadband coverage
OneWeb Ltd. launched the final 36 satellites of its initial 616-satellite "constellation," allowing the rival of Elon Musk's Starlink to offer global broadband coverage this year
 "Starlink rival OneWeb completes fleet to offer global broadband coverage")
Government hasn't intervened in Adani's tussle with US short seller: Sanyal
The "government has not intervened anywhere," Sanyal, a member of prime minister's economic advisory council, said in an interview in New York
 "Government hasn't intervened in Adani's tussle with US short seller: Sanyal")
