Bloomberg
Bloomberg
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China's Covid exit hinges on vaccinating its vulnerable elderly people
China is now paying a price for this vulnerability, with its economy struggling under the weight of chaotic lockdowns and increasingly unpredictable measures aimed at snuffing out all cases and shield
 "China's Covid exit hinges on vaccinating its vulnerable elderly people")
Microsoft to 'nearly double' budget for salary hikes to retain employees
Microsoft's salary package is composed of base salary, bonus and stock. The changes will apply to a substantial part of the company's workforce, which stood at 181,000 as of June 30, 2021.
 "Microsoft to 'nearly double' budget for salary hikes to retain employees")
Looking to hide your wealth? There's no country more helpful than the US
President Joe Biden has made transparency reforms a key pillar of his foreign policy, vowing to tackle tax evasion and money laundering
 "Looking to hide your wealth? There's no country more helpful than the US")
Sri Lanka's new PM to sell national airline, print money to pay salaries
Wickremesinghe -- less than a week into the job -- said he was forced to print money to pay salaries, which will pressure the nation's currency
 "Sri Lanka's new PM to sell national airline, print money to pay salaries")
Byju's in talks to acquire US target, likely to bid for Chegg or 2U
The Indian education pioneer is the country's most valuable startup, with a valuation of $22 billion
 "Byju's in talks to acquire US target, likely to bid for Chegg or 2U")
Google transmits our personal data 70 billion times in a day: Report
Each time you open an app on your phone or browse the web, an auction for your eyeballs is taking place behind the scenes thanks to a thriving market for personal data
 "Google transmits our personal data 70 billion times in a day: Report")
European Union gives companies green light to keep Russian gas flowing
The European Commission sent its revised guidelines to member states on Friday, a spokesperson said on Monday
 "European Union gives companies green light to keep Russian gas flowing")
India to get respite from heat that sent mercury to 49 degrees: IMD
Heat waves could ease further, before the mercury starts rising again next week, says an IMD official
 "India to get respite from heat that sent mercury to 49 degrees: IMD")
US at 'very, very high risk' of recession, says Goldman Sachs' Blankfein
Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession
 "US at 'very, very high risk' of recession, says Goldman Sachs' Blankfein")
China's economic activity in April collapses under Covid Zero policy
Industrial output unexpectedly fell 2.9 per cent in April from a year ago, while retail sales contracted 11.1 per cent in the period, weaker than a projected 6.6 per cent drop
 "China's economic activity in April collapses under Covid Zero policy")
Apollo Global Management bets big on Indian realty with $1-billion plan
About 70 per cent of this year's lending will go to home builders and the rest to commercial developers.
 "Apollo Global Management bets big on Indian realty with $1-billion plan")
Batman's 1986 Dark Knight cover has a $2 million auction estimate
The four-issue miniseries, written by Frank Miller, is widely credited for pivoting Batman from hokey children's fare to a more sophisticated and sinister form of storytelling
 "Batman's 1986 Dark Knight cover has a $2 million auction estimate")
Goldman Sachs allows workaholic senior staff to take unlimited vacation
Junior employees will be given at least two extra days off each year under the new policy introduced at the start of the month.
 "Goldman Sachs allows workaholic senior staff to take unlimited vacation")
What it's like to live through India's non-stop searing heat wave
A diary from New Delhi on a recent day when the city of 19 million struggled to cope with killer temperatures
Global wheat prices soar in risk to inflation as India restricts exports
Benchmark futures in Chicago rose as much as 5.9% to $12.475 a bushel, the highest in two months and within about $1 of the all-time high set just after Russia's invasion
 "Global wheat prices soar in risk to inflation as India restricts exports")
Crisis-hit Sri Lanka stumbles toward its first default on foreign debt
The island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 30-day grace period for missed coupons on dollar bonds ends
 "Crisis-hit Sri Lanka stumbles toward its first default on foreign debt")
Inflation: Why RBI should have paid more attention to detergent prices
Operating at magic price points is like running a high-school experiment in "titration," dripping a liquid of known properties into another of unknown concentration and stopping when the color changes
 "Inflation: Why RBI should have paid more attention to detergent prices")
Covid-19 pandemic: North Korea's cases at 820,000, death toll hits 42
There were about 296,000 cases of fever with 15 deaths, the Korean Central News Agency said
 "Covid-19 pandemic: North Korea's cases at 820,000, death toll hits 42")
IMF increases weighting of dollar, yuan in SDR basket amid weakness
The IMF raised the yuan's weighting to 12.28 per cent from 10.92
 "IMF increases weighting of dollar, yuan in SDR basket amid weakness")
Saudi Aramco profit soars 82% on high oil prices in first quarter
State-controlled Aramco made net income of $39.5 billion, up 82 per cent from a year earlier, when global energy demand was still severely suppressed by the coronavirus pandemic
 "Saudi Aramco profit soars 82% on high oil prices in first quarter")