Bloomberg
Bloomberg
Page 453 - Bloomberg
India and Australia plan military drills to boost defence ties over cricket
Australian Prime Minister Anthony Albanese announced new military exercises to be held with Indian forces in a speech on board the INS Vikrant aircraft carrier on Thursday
 "India and Australia plan military drills to boost defence ties over cricket")
Vodafone Group, Three UK putting final touches on tie-up with Britain
Talks are ongoing and no final decisions on the structure of the merger or timing of any announcement have been made
 "Vodafone Group, Three UK putting final touches on tie-up with Britain")
Competition Commission of India squeezed by staff vacancies, workload
A void at the top rung of India's competition agency underscores a chronic resource crunch and is undermining its capacity to regulate major companies in the world's fifth-largest economy
 "Competition Commission of India squeezed by staff vacancies, workload")
US jobless claims jump to 211,000, led by New York, California, shows data
Initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed Thursday
 "US jobless claims jump to 211,000, led by New York, California, shows data")
Apple to put a bigger focus on India by making it a separate region
The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country
 "Apple to put a bigger focus on India by making it a separate region")
All share-backed loans prepaid, Adani executives tell investors at UK meet
But shares of two more group firms reported to be pledged
 "All share-backed loans prepaid, Adani executives tell investors at UK meet")
Discord adds OpenAI functions to offerings from chat to moderation
Millions of people already use AI apps on Discord every month
 "Discord adds OpenAI functions to offerings from chat to moderation")
How 'excuseflation' is keeping prices and corporate profits high
The key question is, in an economy where the consumer continues to spend freely, how sticky this 'excuseflation' proves to be
 "How 'excuseflation' is keeping prices and corporate profits high")
Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding
The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process
 "Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding")
ADIA close to buying a $500 million stake in eyewear startup, Lenskart
The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said
 "ADIA close to buying a $500 million stake in eyewear startup, Lenskart")
Mobius bets big on chip stocks as US, China increase investments in sector
Chip stocks have had a great start to 2023 after rising interest rates led to a carnage in 2022. Investor focus has started shifting to the sector's long-term growth prospects and cheaper valuations
 "Mobius bets big on chip stocks as US, China increase investments in sector")
Nissan to develop new powertrains, may cut cost of hybrid cars by 30%
By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026
 "Nissan to develop new powertrains, may cut cost of hybrid cars by 30%")
US economy started strong in 2023 on firm consumer spending: Fed Beige Book
"Amid heightened uncertainty, contacts did not expect economic conditions to improve much in the months ahead," the report said
 "US economy started strong in 2023 on firm consumer spending: Fed Beige Book")
DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million
Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022
 "DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million")
Silvergate plans to wind down bank ops, liquidate after crypto metldown
Silvergate collapsed amid scrutiny from regulators and a criminal investigation by the Justice Department's fraud unit into dealings with fallen crypto giants FTX and Alameda Research
 "Silvergate plans to wind down bank ops, liquidate after crypto metldown")
Biden to urge 25% billionaire tax, levies on rich investors & corporations
Biden's budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal
 "Biden to urge 25% billionaire tax, levies on rich investors & corporations")
UK looks to ease immigration rules for foreign workers to plug shortages
The Migration Advisory Committee has recommended that tradespeople including carpenters, bricklayers and roofers should be added to the "shortage occupation list"
 "UK looks to ease immigration rules for foreign workers to plug shortages")
China plans to tighten grip on finance industry; watchdogs face pay cuts
Currently, China Securities Regulatory Commission and the CBIRC are among rare central government agencies that pay their staff significantly above the compensation of civil servants, said the people
 "China plans to tighten grip on finance industry; watchdogs face pay cuts")
Gender equality will take 300 years to achieve, says UN chief
Pay gap for women who've never got married getting bigger: Study
 "Gender equality will take 300 years to achieve, says UN chief")
Sanjeev Gupta takes over assets of father's Simec Group
The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India
 "Sanjeev Gupta takes over assets of father's Simec Group")