Bloomberg
Bloomberg
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Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory
Bitcoin plunged more than 15% Monday and another 5.4% Tuesday, part of a broader crypto selloff fueled by higher than forecast US inflation
 "Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory")
BTS announces shift to solo work, leading to a $1.7 bn rout in the market
Bangtan Boys, more commonly called BTS, made the announcement to pursue solo projects in a video posted on YouTube, which has already got more than 10 million views.
 "BTS announces shift to solo work, leading to a $1.7 bn rout in the market")
World's central banks got it wrong on inflation and economies pay the price
ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled
 "World's central banks got it wrong on inflation and economies pay the price")
Hopes for grand redemption of WTO fade as India sticks to fishing demands
Piyush Goyal told a meeting of delegates Tuesday that it would not bend on demands for extensive exceptions on a 20-year negotiation to curb harmful government fishery subsidies
 "Hopes for grand redemption of WTO fade as India sticks to fishing demands")
Rewritten schoolbooks say Hong Kong was never British colony: Report
The four sets of textbooks for a class on citizenship say the Chinese government never recognized the 19th-century treaties that handed Britain control of Hong Kong
 "Rewritten schoolbooks say Hong Kong was never British colony: Report")
World's richest have lost $1.4 trillion in 2022 after rapid gains
It's a stark contrast to last year, when soaring markets boosted the world's population of high-net-worth individuals by about 8%, including 13 per cent in North America
 "World's richest have lost $1.4 trillion in 2022 after rapid gains")
China's 'iPhone City' may be using Covid-19 controls on protesters
Such alleged use of health-code apps to track people beyond their intended purpose has caused a firestorm
 "China's 'iPhone City' may be using Covid-19 controls on protesters")
Europe's plan to quit Russian fuel plunges Pakistan into darkness
In order to avoid blackouts during the Eid holiday last month, the Pakistan government paid nearly $100 million to procure a single LNG shipment from the spot market
 "Europe's plan to quit Russian fuel plunges Pakistan into darkness")
Millennials hunting for returns drive risk-hungry investing in India
Indian retail investors pouring money into new and lightly controlled assets sets India apart, after the pandemic fueled the rise of retail investors globally
 "Millennials hunting for returns drive risk-hungry investing in India")
Growth optimism sinks to a record low, says Bank of America survey
Global profit expectations also dropped to 2008 levels
 "Growth optimism sinks to a record low, says Bank of America survey")
Elvis-themed wedding chapels face a new fee for the King in Las Vegas
Baz Luhrmann's 'Elvis' biopic is set to hit theaters later this month, potentially stoking more interest in weddings featuring the singer's lookalikes
 "Elvis-themed wedding chapels face a new fee for the King in Las Vegas")
Mukesh Ambani's consumer empire gets a cricket spin with IPL digital rights
The spoils from the digital rights for Indian Premier League cricket, snagged by billionaire Mukesh Ambani's Viacom18 by dethroning Walt Disney & Co. for the next five years
 "Mukesh Ambani's consumer empire gets a cricket spin with IPL digital rights")
How California's aesthetic regulation created a supply-chain crisis in US
The Port of Los Angeles is two nautical miles from the Port of Long Beach, and the two account for about 40% of U.S. container traffic
 "How California's aesthetic regulation created a supply-chain crisis in US")
North Carolina-based Indian eatery Chai Pani voted best restaurant in US
Other winners included the Native American restaurant Owamni in Minneapolis, where the staff is 75% indigenous, as Best New Restaurant
 "North Carolina-based Indian eatery Chai Pani voted best restaurant in US")
Market's wild ride evokes memories of trading before Lehman blowup
Two-year US Treasury yields surged 29 basis points as bond prices tanked. The yield jumped 54 basis points since Thursday night, the biggest two-day increase since 2008
 "Market's wild ride evokes memories of trading before Lehman blowup")
Sanjeev Gupta's Liberty Steel says reached a standstill with Greensill Bank
Sanjeev Gupta's Liberty Steel said it reached a standstill agreement with Greensill Bank AG, its largest creditor, on debt facilities relating to its European steel businesses
 "Sanjeev Gupta's Liberty Steel says reached a standstill with Greensill Bank")
Elon Musk to address Twitter staff for first time since deal on Thursday
Many employees are unhappy with Musk, who has been openly critical of the company, its products and its policies
 "Elon Musk to address Twitter staff for first time since deal on Thursday")
UK economy contracts sharply by 0.3% in April as slowdown looms
Gross domestic product fell 0.3% from March when output declined 0.1%, the Office for National Statistics said Monday
 "UK economy contracts sharply by 0.3% in April as slowdown looms")
Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals
Crypto market cap falls below $1 trn for first time since early 2021
 "Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals")
World's nuclear-armed nations upgrading their arsenals, says SIPRI
Clear indications that reductions since the end of the Cold War have ended
 "World's nuclear-armed nations upgrading their arsenals, says SIPRI")