Bloomberg
Bloomberg
Page 564 - Bloomberg
Apple to boost salaries for US workers by more than 10% as inflation bites
Apple is now accelerating its annual performance-based pay increases for retail and corporate team members by three months
 "Apple to boost salaries for US workers by more than 10% as inflation bites")
Adani's food venture Adani Wilmar Ltd is best-performing IPO in Asia
The food company has almost tripled since its debut while most newcomers are trading under water
 "Adani's food venture Adani Wilmar Ltd is best-performing IPO in Asia")
South Africa needs to spend $250 bn over 3 decades to transition from coal
Coal accounts for more than 5% of South Africa's gross domestic product and the coal industry employs 125,000 people, each with between three and 10 dependents
 "South Africa needs to spend $250 bn over 3 decades to transition from coal")
Good times are over, not sure when they'll return: Sequoia warns firms
Sequoia took a shot at hedge funds that have been targeting private investments, who are now "tending to wounds in their public portfolios which have been hit hard"
 "Good times are over, not sure when they'll return: Sequoia warns firms")
China's Premier offers bleak outlook as hope of meeting GDP target fades
Latest official data showed a contraction in industrial output for the first time since 2020 and a jump in the surveyed jobless rate to 6.1% in April, close to a record
 "China's Premier offers bleak outlook as hope of meeting GDP target fades")
Elon Musk's revised Twitter bid drops margin loan, requires more cash
Elon Musk will provide an additional $6.25 billion in equity financing for the $44 billion buyout
 "Elon Musk's revised Twitter bid drops margin loan, requires more cash")
Russia poised to cut interest rates to stem ruble rally that's gone too far
An unscheduled policy meeting for Thursday has spurred expectations for a big reduction, and the possibility that capital restrictions may be loosened further
 "Russia poised to cut interest rates to stem ruble rally that's gone too far")
Should central bankers consider pitfalls of making declarative statements?
In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility
 "Should central bankers consider pitfalls of making declarative statements?")
With a chapati crisis brewing at home, can India afford to feed the world?
As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country's chapati challenge is only going to become more urgent
 "With a chapati crisis brewing at home, can India afford to feed the world?")
McKinsey's Paris offices raided by french police in tax case
Prosecutors confirmed that evidence-gathering searches had begun on Tuesday
 "McKinsey's Paris offices raided by french police in tax case")
Sri Lanka PM appointed as finance minister, to lead debt talks with IMF
He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies
 "Sri Lanka PM appointed as finance minister, to lead debt talks with IMF")
Insurer Prudential names banking veteran Wadhwani as CEO amid Asia pivot
Wadhwani will take on the CEO role next February and be based in Hong Kong, the company said in a statement Wednesday.
 "Insurer Prudential names banking veteran Wadhwani as CEO amid Asia pivot")
19 children, two adults killed in Texas elementary school massacre
18-year-old opens fire in elementary school, is shot dead
 "19 children, two adults killed in Texas elementary school massacre")
Google takes yet another crack at e-commerce with renewed strategy
Raghavan is the first Google executive to oversee the technical operations behind both search and the ads division since Sundar Pichai did in 2014, shortly before he became CEO
 "Google takes yet another crack at e-commerce with renewed strategy")
Andreessen Horowitz bets on crypto with $4.5-bn fund, largest of its kind
The fund, the fourth crypto-dedicated investment vehicle for Andreessen Horowitz, brings its total digital-asset-focused efforts to $7.6 billion
 "Andreessen Horowitz bets on crypto with $4.5-bn fund, largest of its kind")
Kim Kardashian to promote Beyond Meat as new 'chief taste consultant'
Kardashian, who often posts photos of her well-stocked refrigerator on social media, said she will share her favorite Beyond Meat products in the company's newsletter
 "Kim Kardashian to promote Beyond Meat as new 'chief taste consultant'")
China's economy worse off in some ways than 2020, says Premier
Li Keqiang tells officials to lower nation's unemployment rate; economists expect China to miss growth target this year
 "China's economy worse off in some ways than 2020, says Premier")
Default threat reaches Pak as inflation rises, political crisis worsens
Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.
 "Default threat reaches Pak as inflation rises, political crisis worsens")
Siga Tech's tecovirimat drug could help counter monkeypox, says study
The scientists said more work is needed to reach any conclusions but their study found little evidence that another drug, brincidofovir, was beneficial
 "Siga Tech's tecovirimat drug could help counter monkeypox, says study")
Rising global food protectionism amid Ukraine war risks worsening inflation
Countries are restricting exports to cope with high prices that have been exacerbated by the war in Ukraine
 "Rising global food protectionism amid Ukraine war risks worsening inflation")