Page 593 - Bloomberg

Indigo plans full capacity domestic flights by Dec, seeks to raise funds

CEO Ronojoy Dutta says airline's cash levels are 'pretty good' but it wanted an insurance buffer against a possible third wave of Covid-19.

Senior Democrats float 2% US tax on stock buybacks to fund $3.5-trn budget

The plan comes as Democratic lawmakers assemble a raft of tax measures to help pay for a $3.5 trillion budget bill that contains bulk of President Joe Biden's longer-term economic agenda

Bank of America taps new CFO, promotes three women to top roles

Alastair Borthwick, president of global commercial banking, will replace CFO Paul Donofrio next quarter, the company said Friday in an internal memo.

Facebook's smart glasses can take calls and photos, lack augmented reality

The social network on Thursday showed off the glasses, called Ray-Ban Stories -- a direct rival to Snapchat's Spectacles.

Vivo launches phone with own imaging chip days ahead of iPhone

Android makers are trying to challenge Apple on hardware

European stocks climb on investor optimism over economic growth

The Stoxx 600 Europe Index added 0.2% by 8:05 a.m. in London, with miners, consumer products and technology sectors outperforming.

China tech shares rebound on easing investor worry over gaming

The Hang Seng Tech Index advanced 2.9% on Friday, pushing the index up a third straight week.

Covid-19: Pandemic risks worsening on Africa variants, scientists say

A study of genomes from 33 African nations tracks the evolution of the pandemic and the emergence of a number of so-called Variants of Concern and Variants of Interest

Apple fires manager who complained about workplace harassment, safety

Company tells Ashley Gjovik her employment was terminated for violating policies including the disclosure of confidential information

Amazon takes a swipe at Elon Musk as satellite feud escalates

The billionaires' dispute grew more pointed Wednesday in Amazon.com's letter to the FCC

Chip crunch may last a year as demand remains robust, says IMI CEO

Automakers from Toyota Motor Corp. to General Motors Co. have been ensnared by the chip shortage, forcing many to cut vehicle output

What Xi Jinping means by 'disorderly capital' is $1.5 trillion question

The phrase has been employed by govt agencies and researchers to explain actions against tech moguls, celebs and private tutors that fueled a $1.5 trn stock rout last month

Singapore SPACs need to go hunting in India, Indonesia for promising firms

Singapore has seen just three initial public offerings this year, garnering less than $250 million.

Saudi Aramco may open $110-billion gas project to foreign investors

It has started preliminary talks with potential investors including large commodity traders, according to the peope.

In a first, China taps strategic reserves to cool down oil prices

The announcement comes amid surging energy costs in China, not just for oil but also for coal and natural gas, and electricity shortages that have forced some factories to cut production

Gaming giants lose $60 billion on China's sermon against profit

Regulators slow down nod for new online games; warning against metaverse stocks, too

Battery-powered vehicles to concept cars: Wild wheels at IAA Mobility Show

Auto brands were already questioning the relevance of car shows before the novel coronavirus arrived

European stocks trim losses as ECB slows bond buying on recovery

The Stoxx 600 Europe Index was 0.2% lower by 2:15 p.m. in London.

US initial jobless claims fall by most since late June in week

Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.

Low-cost UK carrier EasyJet spurns bid from rival Wizz, aims to raise $2 bn

Shares of EasyJet fell as much as 14%, as the company said it will instead raise $2 billion in stock and debt.