Page 489 - Bloomberg

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

After firing half of Twitter's workers, Musk now asks some to return

Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves

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

Paytm, Nykaa among tech stocks under watch as lock-in period ends

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp

China's daily Covid cases jump to six-month high as outbreaks flare

The country reported 5,436 cases for Sunday, up 27% from the day before to the most since May 2, when Shanghai was in the midst of its months-long lockdown.

Following Federal Reserve goes out of fashion in 'messier' world economy

Bank of England the latest to push back against hawkish bets; Fed seen as most aggressive, driving record gains for dollar

Rishi Sunak offers UK's allies cause for hope but Tory dangers linger

It's an approach that ought to suit Sunak, Britain's youngest prime minister in more than two centuries, who came to politics via a career in finance and an MBA from Standford in California

Methane clouds spotted in China's northeast by high-resolution satellite

Methane is the primary component of natural gas and responsible for about 30% of the Earth's warming. Leaks can occur during extraction and transport of the fossil fuel

Pfizer's Paxlovid antiviral lowered long-Covid risk, suggests study

The research, based on an analysis of electronic health records in databases maintained by the Department of Veterans Affairs, suggests that wider use of Paxlovid won't just stave off critical disease

Peak in bond yields that appeared close has now vanished from sight

For the moment, investors remain convinced that the Fed is on a course that ultimately will bring the economy to its knees