Page 474 - Bloomberg

Covid cases in Beijing hit five-month high; Guangzhou district shut

The capital reported 78 new infections Wednesday, the most since May 22

US midterms: Americans set to deliver verdict on Biden and Democrats

Biden's party is trying to buck history by holding onto their razor thin congressional majorities with the president's remaining legislative agenda hangs in the balance.

Food bills zoom as UK grocery inflation soars to record 14.7%: Report

The jump in prices means the average annual shop is set to rise by £682 ($782) even as consumers contend with rising energy bills as the weather gets colder

Oil prices eases to $98 a barrel as China Covid-19 cases dampen spirits

Brent edged down below $98 a barrel, after losing ground in the week's opening session as China reaffirmed its commitment to its zero Covid-19 strategy

What happens after warming hits 1.5C? A guide to climate overshoot

"The thing that's obviously really important to say is that the 1.5C limit is a political limit," says David Keith, a Harvard University physicist and an adviser to the Climate Overshoot Commission

Imran Khan rejects police report into shooting, says current PM not named

Police in the Punjab province, where the attack took place Thursday, registered a complaint, known as First Information Report. Khan's party rejected it since it doesn't name current PM Shehbaz Sharif

5 habits of successful cos: From thinking long-term to competing fairly

Remember when Facebook was celebrated as an agent of global harmony? Now known as Meta Platforms Inc., it is widely reviled as a poisoner of democracy

Oil drops as China Covid cases spike, dollar gains ahead of midterms

Crude has slumped by about a quarter from its June highs as signs of a global slowdown, tighter monetary policy, and a strong US dollar weighed on prices

Europe's energy crunch will trigger years of shortages and blackouts

Energy security concerns in Europe are driving energy poverty in the emerging world," said Saul Kavonic, an energy analyst at Credit Suisse Group AG

European Union dims hopes for a price cap to contain soaring gas costs

The European Commission presented its analysis of possible actions to contain gas prices at a meeting with representatives of national governments in Brussels on Monday

Why Musk's takeover of Twitter and the layoffs will shrink free speech

Musk's vision for Twitter is not particularly complex. He views it as a software platform first, and only then as a social network

US quietly asks banks to keep some ties with Russia, even as Congress balks

"We are following the instructions of the American government as they asked us to do it," Dimon responded before Sherman cut him off

Moscow may get new client as Russian cargo sits off UAE coast for 3 days

An oil tanker hauling a cargo of Russian crude has been sitting off the coast of the United Arab Emirates for three days, raising the prospect that the gulf state might become customer for Moscow

Apple cuts iPhone 14, iPhone 14 Plus output by 3 mn units as demand wanes

Apple previously cancelled plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize

M&A recovery: Kotak Mahindra Bank plans to hire 20 investment bankers

The firm is looking to fill positions from analyst to director levels across sectors including financial services, health care and technology

South Africa's $8.5 bn plan to exit coal offers template for green shift

South Africa and its investment partners launched an $8.5 billion plan to shift from coal toward green energy at the COP27 climate summit, in a potentially landmark deal

All eyes on Buffett, Son India stakes as Rs 1.15-trillion lock-ups end

While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the stocks

Austrian theory of business cycle is key to explain upcoming Recession

One reason the current economic situation is so fraught is that world is facing 3 kinds of business-cycle mechanisms at the same time. First 2 are well-known, but the third - Austrian theory is not

Ukraine's President Zelensky wants Iran punished for helping Russia

"If it was not for the Iranian supply of weapons to the aggressor, we would be closer to peace now," Zelensky said Sunday evening in his daily address

Twitter fires more than 90% of India staff, leaving just a dozen

India is a key growth engine for global internet companies such as Twitter, Meta Platforms Inc. and Alphabet Inc.'s Google, which are relying on its large potential pool of new online users