Page 549 - Bloomberg

US economy will narrowly avoid recession in 2022 and 2023, says IMF

"We are conscious that there is a narrowing path to avoiding a recession in the US," Georgieva said. "We also have to recognize the uncertainty of the current situation"

Akasa plans test flight next week; expects commercial start by late-July

Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator's certificate within days of the proving flight

Covid vaccines prevented 20 million deaths in first year of rollout: Study

While more than 7 million deaths were likely averted in countries covered by Covax, the WHO-backed distribution program, the research nonetheless highlights the devastation caused by uneven access

Three charts show trouble for Indian stocks nearing a bear market

The Indian stock market's value is already down nearly 20% from its January peak of about $3.7 trillion dollars

IMF warns of risks from China's slowing Covid-19 vaccination rates

About 375 million people over the age of 15 in China have yet to receive three doses of a vaccine, while the daily vaccination rate has fallen below 800,000 per day

US Senate passes bipartisan gun-safety legislation by a wide margin

The vote for bipartisan gun-safety bill came the same day the Supreme Court struck down a New York law that required people to show a special need to carry a handgun in public

McDonald's boosts franchisee requirements, seeks to bolster diversity

McDonald's has faced criticism from Black-owned franchises, some of whom have filed lawsuits alleging racial discrimination

India's Aadhaar ID system delivers benefits but at risk of widespread fraud

Modi's new welfarism rests on Aadhaar. But if there are cracks in the edifice, they need to be acknowledged - not to frighten users away, but to make them more aware

Toshiba stock surges 6.5% on report of bids at $22-billion valuation

Toshiba has been soliciting acquisition offers - and other restructuring proposals - as it seeks to end years of mismanagement and mollify activist investors

'Horrific' cases of sexual abuse unearthed in Oz mining probe: Report

The probe delves into the dark corners of an industry that's under mounting pressure from investors, governments and society to address its impacts on local communities and the wider environment

Elon Musk says new Tesla plants are 'money furnaces' losing billions

"Both Berlin and Austin factories are gigantic money furnaces right now," the chief executive officer said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday

Uber may have explored selling Indian arm; company calls the report false

The US company Uber began weighing alternatives and reached out to several interested parties after recognizing it had limited potential for profitable expansion in Indian market.

Netflix lays off another 300 employees in latest round of cuts

The job losses are across the company, with most affected workers based in the US

Pink Floyd is seeking $500 mn for music catalog, including 'The Wall'

The names include Warner Music Group Corp., Sony Music Entertainment and BMG. Sony and Warner already distribute some of Pink Floyd's music

Crude takes fresh hit as fear of global slowdown scars commodities

West Texas Intermediate sank towards $104 a barrel after closing at a six-week low on Wednesday

Gautam Adani and his family pledge to donate Rs 60,000 cr for social causes

Donation to be utilised in healthcare, education, and skill development

European gas futures gain as Germany sounds alarm over Russia disruption

Front-month benchmark futures rose as much as 5.8% after German Economy Minister Robert Habeck enacted the "alarm" phase of the emergency plan, saying that Europe's biggest economy is in a gas crisis

Reserve Bank likely to raise interest rates twice before weighing a pause

June's jumbo hike, which followed a 40 basis points increase in May, is prompting analysts from Nomura Holdings Inc. and Barclays Plc to pencil in a 35 basis-point move in August

Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq

The Iraqi grades are an outlier in Asia, where robust demand led to an earlier-than-usual start of the trading cycle for physical crude buying

Sri Lanka sued by US bondholder after island nation's historic default

Sri Lanka, an island nation off the southern tip of India, fell into default in May after the expiry of a 30-day grace period for missed interest payments on two of its sovereign bonds