Page 475 - Bloomberg

India-China trade rises 34% in FY22 thwarting Centre's self-reliance goals

Total merchandise trade between India and China rose 34% to $115.83 billion in the 12 months to March 2022

US finalising arms upgrade to Ukraine with Patriot missile batteries

The US is poised to send Patriot air and missile defense batteries to Ukraine pending final approval from President Joe Biden, two US officials said

Amazon faces $280 mn lawsuit from Vietnamese supplier for post-Covid cuts

Gilimex Inc. said it was a key partner of Amazon from 2014 to 2022, investing tens of millions of dollars in manufacturing facilities to build the steel-and-cloth storage pods

ADB cuts developing Asia's GDP outlook for 2023 amid global growth concerns

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

Investors see growth in Asian equities, currencies as US CPI eases

The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening

Meta faces new lawsuit, accused of amplifying hate speech in Africa

Meta Platforms is facing a lawsuit in Kenya's high court accusing the company of failing Africans by amplifying hate speech and incitement to violence on Facebook

To fight deadly smog, farmers are being encouraged to sell crop waste

Smoke from the burning of crop stubble lingers over most of north India for weeks during the cold months of November and December, with air quality deteriorating to hazardous levels in several areas

Elon Musk's SpaceX tender offer is said to value company at $140 billion

Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece

Global trade surges to record $32 trillion in 2022, says UN report

Trade in merchandise goods soared to $25 trillion, an increase of about 10 per cent versus the prior year; trade in services grew 15 per cent year-over-year to nearly $7 trillion

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs

Ex-FTX CEO Sam Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the US and the Bahamas

Aditya Birla Capital considering selling insurance brokerage unit

The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business

Byju's lenders seek immediate part-repayment of $1.2 billion loan

The lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a September deadline for filing its results

Paytm's share buyback plan draws skepticism over growth prospects

While a buyback could help stem the rout in Paytm shares at least temporarily, investors are questioning the attempt to manage the stock price rather than putting the cash to use for business

India to attract $10 bn in green energy investment in 2023: Bank of America

India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America

UK manufacturers are sitting on a $29 bn pile of unfinished goods

The poll showed 72% of the 631 companies in Britain are facing the inventory logjam tied to a lack of components, materials or ingredients

Elon Musk's attacks on Anthony Fauci 'disgusting,' says White House

Musk in a tweet on Sunday mocked the use of gender pronouns and called for Fauci to be prosecuted. "My pronouns are Prosecute/Fauci," he wrote

Nearly 74 MT of microplastics rained in New Zealand during 2020: Study

The peer-reviewed study is the first to calculate the total mass of microplastics in a city's air, and it suggests researchers may be dramatically undercounting the global airborne microplastics count

China to set economic plans amid shift from Covid Zero policy to growth

China's abrupt ending of its Covid Zero policy injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy

Twitter Blue premium service is back, including 'verified' badges

Twitter's updated account verification program has finally launched