Page 575 - Bloomberg

Elon Musk is the 'singular solution I trust' for Twitter, says Dorsey

Dorsey, who took the company public in 2013, said Twitter has been "owned" by Wall Street and that taking it private was the "correct" first step.

Millions of Indians exiting labour force no longer looking for jobs: CMIE

Now, more than half of the 900 million Indians of legal working age -- roughly the population of the US and Russia combined -- don't want a job, according to the CMIE

Meta calls UK tech watchdog's Giphy decision 'irrational', 'inconsistent'

The tech giant is attempting to overturn the CMA's order to unwind the $315-million deal. Nobody apart from Meta was prepared to pay an acceptable price for Giphy, the lawyers said in court documents

Bitcoin touches six-week low amid risk-off mood; Ether slumps to $2,799

The second-biggest coin, Ether, slumped to $2,799, a level not seen since March 18

Sri Lanka cabinet clears proposal to clip President Rajapaksa's power

Decision follows announcement from main opposition party that it has garnered enough support for a no-trust vote against the government.

Hyundai Motor's Q1 tops forecast as weak won helps global sales

Sales climbed 11 per cent from a year earlier to 30.3 trillion won, higher than forecast thanks to robust sales of sport utility vehicles and Genesis luxury models

CVC Capital Partners, KKR mulling buyout bids for $18-billion Toshiba

Toshiba's buyout, which has a market capitalisation of almost $18 billion, would possibly be private equity's biggest-ever deal in the country

Pakistan asks IMF to pour in more funds, raise programme duration

The country's new government led by Shehbaz Sharif has promised populist measures and kept fuel prices unchanged this month to provide relief to citizens grappling with Asia's second-fastest inflation

China lockdown fears rip through markets as stocks, commodities, Yuan tank

A Covid flareup that shut down much of Shanghai appeared to worsen over the weekend after China ordered mandatory tests in a district of Beijing and locked down some areas of the capital

No-trust vote likely in Lanka after Oppn gets hold of required support

Stocks plunge nearly 10%

Twitter deal to elevate Elon Musk to new media mogul status

Elon Musk has made it clear that his primary goal in buying Twitter is to support unfettered expression and reduce user bans or takedowns of individual tweets

Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal

FRL's offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment, while local lenders were asked to take a haircut

Sprng Energy nearing Rs 13,500 cr sale to Shell, agreement in two weeks

Shell was among the bidders for Sprng, along with Adani Group and renewable energy firm Greenko.

Palm oil prices surge on Indonesia ban in risk to global food inflation

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis

Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading

Waning demand for LIC IPO highlights fiscal challenges for PM Modi

Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine

As Tesla CEO Musk bids for Twitter, his fight to tweet freely hits a snag

As Musk ramps up his battle to buy Twitter, the lingering ramifications of his prior use of the social media platform may come back to haunt him

Shanghai reports record deaths; virus-hit premises blocked by fences

Shanghai logged 21,058 new local Covid infections, most of which were mild, authorities said

Tech giants face landmark fines for breaches under EU's new content rules

Noncompliance could cost companies as much as 6% of global annual sales when the rules go into effect, in 2023 or 2024 depending on their size.

Chinese social media users outwit censor with video on Covid lockdown

The six-minute video titled "The Sound of April" was posted on Friday and soon got censored as it went viral