Page 585 - Bloomberg

Fintech's 'buy now, pay later' credit for kiranas is changing livelihoods

Even small shops can now access large and organised wholesalers, as they buy credit responsibly.

Business glitters for jewellers as gold prices fall 17%, economy recovers

Reprieve in the pandemic means they can eye a recovery in their most lucrative sales period.

Coal shortage in India leads to soaring costs for steel producers

'Mills are paying more than four times the normal costs for procuring coal from e-auctions and from mines'

Xi Jinping won't go to Rome summit, Chinese envoys tell G-20 sherpas

Chinese envoys cited China's Covid protocols, which can include quarantine mandates for returning travelers, as a reason Xi did not intend to go to Rome

Sweden, Denmark halt Moderna's Covid-19 vaccine shot for younger people

The Swedish health authority Wednesday cited new data on the increased risk of heart inflammation as a reason for the pause for those aged 30 and under

Afghanistan requests UN to pay its power bills before nation goes dark

Since the Taliban took control of Afghanistan from mid-August, electricity bills haven't been paid to neighboring countries that supply about 78 per cent of its power needs

US President Joe Biden says he has 'confidence' in Jerome Powell

"Well, thus far yes, but I'm just catching up to some of these assertions," Biden said on a visit to Michigan when asked by a reporter about confidence in the Fed's integrity and in Powell

Snapchat was the biggest winner the day Facebook's services went down

Facebook blamed network configuration glitches for immobilizing a suite of apps from Messenger to Instagram and driving some of its 2.7 billion daily users to the competition

Facebook CEO Zuckerberg hits back, says whistle-blower's claims are untrue

"At the most basic level, I think most of us just don't recognise the false picture of the company that is being painted," he wrote in a note to employees

US private sector adds most jobs in 3 months, shows ADP data

The stronger pace of hiring indicates that companies had greater success filling open positions after enhanced federal unemployment benefits ended on Sept 6

Investors pull out $790 million from EM ETFs in two weeks, shows data

So far this year, inflows have totalled $38.2 billion

European gas surges 40% as EU pledges action amid record rally

Dutch and U.K. gas futures have jumped 60% in just two days, hitting fresh records along with surging power as EU lawmakers debated the crisis

Amid Invesco spat, Zee says open to rival offers for Sony bid

The comments show the battle between the company and its largest investors is set to worsen

Copenhagen's Noma is the best restaurant in the world, for the 5th time

The world's most famous restaurant was number two on the 2019 list

US 30-year yield rises to highest since June as inflation fear grows

The benchmark 30-year yield jumped to 2.12% in early Tokyo trade, extending its advance from last month's low of 1.81%

Govt to amend rules, allow 20% foreign investment in LIC IPO: Report

Government officials are due to meet and discuss the proposal as early as Wednesday afternoon in New Delhi, says Bloomberg.

Asia scrambles to stock up fuel as prices spike in global energy crunch

An electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or power in high demand.

RBI MPC meets as energy crisis raises concerns about economic recovery

A lack of coal means factories could shut, while forcing India to import more fossil fuels.

'Poor will be affected': India's ethanol plan sparks food security fears

Government argues that a new ethanol goal will help save billions of rupees by cutting crude imports, reduce carbon emissions and boost farmers' incomes.

Facebook's Mark Zuckerberg has had a terrible week. And it's only Tuesday

If the networking problem that brought down services aren't enough, whistle-blower Frances Haugen will appear before a Senate subcommittee on Tuesday