Page 566 - Bloomberg

G7 countries to provide $19.8 billion in aid to crisis-hit Ukraine

The International Monetary Fund will be assisting with the package, German Finance Minister Christian Lindner, the host of the meeting, told reporters.

Missing at WEF in Davos this year: Billionaire stars, snow, and excitement

World Economic Forum's guest list is hundreds of names shorter, with many titans of finance conspicuously absent.

How shipping industry's $500 bn profit can help it take on Amazon, FedEx

By the end of 2022, the container-shipping industry will have earned a staggering half a trillion dollars of operating profit from two years of supply-chain misery, estimates Drewry

WEF at Davos needs to identify solutions instead of just problems

On paper, the upcoming Davos meeting would be perfectly suited for resolving these conflicts. History, however, does not provide much encouragement or optimism

After $5 trn rout, emerging markets seek turnaround signal from investors

The combined equity values of the 24 nations classified as emerging markets by MSCI Inc. has fallen $4 trillion since a peak in early 2021

Economic turmoil in Sri Lanka is small preview of a global default crisis

In Sri Lanka, pharmacies are running out of medicine; and hospitals are dangerously short of lifesaving drugs and devices

Oil ticks higher as traders weigh tight fuel market, slow global growth

West Texas Intermediate climbed above $111 a barrel following four weekly gains, the longest such run since February.

China, climate & inflation: New Australian PM has his task cut out

Albanese seized upon the rising cost of living as a key issue in his attack on the outgoing coalition govt

China foreign minister says USA's Indo-Pacific strategy 'doomed to fail'

Its aim is to gang up and create 'small circles' in an attempt to contain China, says Wang Yi's ministry.

'I'm not a billionaire anymore': Another crypto tycoon sees fortunes sink

Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

The loss to the exchequer due to the recent excise duty cuts will have to be borne through additional market borrowings, says Bloomberg.

Putin's war in Ukraine ends decades of Russian money, influence at Davos

Vladimir Putin during day one of the World Economic Forum in Davos, 2009. (Photo: Bloomberg)

ECB Prez Christine Lagarde says crypto 'worth nothing', should be regulated

Lagarde said she's skeptical of crypto's value, contrasting it with the ECB's digital euro -- a project that may come to fruition in the next four years

Elon Musk hoists GOP banner, tears into Biden as US probes his empire

Elon Musk on Friday complained that the White House "has done everything it can to sideline & ignore Tesla."

$142-million Mercedes-Benz smashes Ferrari's classic car record: Report

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for €135 million ($142 million) in a secret auction in Germany on May 5, Mercedes-Benz Chairman Ola Källenius has confirmed

Amazon, Flipkart in talks to buy stake in $1 bn diagnostic chain Metropolis

Metropolis runs more than 3,000 diagnostics centers as well as pathology laboratories in India and Africa

India orders probe after 3 incidents of in-flight engine shutdowns

India has seen a number of mid-flight shutdowns, and regulators have responded strongly in the past.

Elon Musk's Twitter deal proceeding, not 'on hold': Executives tell staff

Vijaya Gadde, Twitter's top lawyer and head of policy, also told workers at an all-hands meeting that there is "no such thing as a deal being on hold"

China's stimulus tops $5 trillion as Covid zero policy batters economy

"The mainstay of policy this year is fiscal spending and government investment, while the central bank is only playing a supportive role so far," said David Qu, China economist

How to wean the Indian military off its dependence on Russian arms

While half a billion dollars may seem like a lot of money, it really isn't when compared to the scale of the problem. Until recently, India bought almost all its frontline weaponry from Russia.