Page 509 - Bloomberg

Oops! Wrong Hyundai. Govt's industrial policy misfires again with PLI gaffe

Picking the wrong Hyundai is just embarrassing. Going down a protectionist path reminiscent of the country's own, impoverished socialist past is the bigger folly

India mulls Rs 20,000-cr aid to manufacture grid-scale batteries

Worried over rival China's dominance in lithium, the nation is in talks with countries including Australia to secure supplies of the battery metal, he said

Centre will likely extend free food grains program until Dec: Report

The program, which started since April 2020 to help feed the poor during a harsh Covid-19 lockdown, allows 5 kilograms of food grains per person every month

Europe considers making 'Big Tech' pay for building the internet

Matt Brittin, Google's President of EMEA, said at an event in Brussels that it'll be customers who pay "either with price or pay in worse services," if Europe adds a streaming fee.

Celsius Network CEO Alex Mashinsky resigns from bankrupt crypto firm

The price of the Celsius token fell 7% to $1.37 following the announcement, according to CoinMarketCap

World is 'edging into' a recession, warns WTO chief Ngozi Okonjo-Iweala

"The indicators are not looking good," WTO Director-General Ngozi Okonjo-Iweala said during an interview in Geneva Tuesday. "I think a global recession - that is what I think we are edging into."

Bitcoin jumps past $20,000, helps cryptos scale $1 trillion-mark

The largest token added as much as 6.1% as of 12:30 p.m. in Tokyo, reaching the highest in more than a week. Ether, Solana and Avalanche also rose

UK markets have lost $500 billion since Liz Truss took over as PM

Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government's new fiscal policies fueled concerns that inflation and borrowing would surge

Kamala Harris to visit DMZ on Thursday as tensions rattle region

The trip on Thursday will focus the world's attention on the vice president, who has sought to burnish both US influence -- and her own foreign policy credentials

Jet Airways' return to skies delayed with plane talks in limbo: Report

The airline, once India's top private carrier, can't sell tickets in September because lenders are reluctant to allow it to take on any fresh liabilities such as an aircraft order, said the people

As yuan nears lowest level in 14 yrs, traders brace for more PBOC pushback

The People's Bank of China has already stepped up its currency defense, but it did little to stop the depreciation.

Netflix sets up first internal studio to expand range of video games

The new studio will be based in Helsinki and headed by Marko Lastikka, according to a statement from Netflix on Monday

Banknotes featuring King Charles III will be in circulation by 2024: BOE

The central bank will reveal the image of the new monarch to be used on the polymers by the end of the year, it said in a statement

NASA spacecraft rams distant asteroid to test Earth's defence abilities

The mission is NASA's first demonstration of the agency's planetary-defense initiative to protect Earth from the possibility of a hazardous collision with an asteroid

Elon Musk, Twitter CEO seek to reschedule questioning on $44 bn buyout deal

Elon Musk and Twitter CEO Parag Agrawal are seeking to reschedule their depositions in the company's lawsuit over Musk's $44 billion buyout

Robust demand for luxury products exposes widening inequality in India

Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level

India's campaign for rupee trade finds fans from Russia to UAE

A greater use of the rupee in tea trade is an encouraging sign, but it's unlikely to boost the currency's status in a major way

Amazon plans second Prime Day in appeal to deal-hungry shoppers

Many consumers, meanwhile, are planning to cut back because higher food and fuel costs have left them with less to spend.

UCO Bank, used by India for Iran payments, plans rupee trade with Russia

UCO Bank will put in place operational modalities before opening the account with the Russian counterpart, Prasad said, adding that there is no clear time line on when transactions can begin

EU countries plan to delay Russian oil price cap amid divisions: Report

Countries may push to have a preliminary deal ahead of an informal gathering of EU leaders in Prague on Oct 6