Bloomberg
Bloomberg
Page 596 - Bloomberg
Covid vaccines may become a viable business, but that's not good news
Vaccines are not consumer products made by pharmaceutical industry: they are infrastructure.
 "Covid vaccines may become a viable business, but that's not good news")
Facebook, Xiaomi want a slice of India's $1 trillion digital loan market
India's digital payments market is drawing the attention of some of techs biggest names after online transactions surged during the pandemic.
 "Facebook, Xiaomi want a slice of India's $1 trillion digital loan market")
Apple plans to add satellite features to iPhones for emergencies
The company is developing at least two related emergency features that will rely on satellite networks, aiming to release them in future iPhones, according to a person with knowledge of the situation
 "Apple plans to add satellite features to iPhones for emergencies")
China's securities regulator vows to crack down on private equity funds
The China Securities Regulatory Commission will work to root out "fake" private equity funds that are actually sold to the general public, Chairman Yi Huiman said in a speech
 "China's securities regulator vows to crack down on private equity funds")
Xi Jinping clears action on everything, from monopolies to pollution
Xi in particular stressed the importance of strengthening anti-monopoly regulations, a push that has already cost tech giants hundreds of billions of dollars in market value
 "Xi Jinping clears action on everything, from monopolies to pollution")
China threatens to ban e-commerce companies that flout IP laws
E-commerce platforms will be restricted from online business operations or even have their licenses revoked if they fail to deal with serious violations of IP rights by vendors on their platforms
 "China threatens to ban e-commerce companies that flout IP laws")
Alpha, Delta and more: Why coronavirus variants are causing alarm
Scientists pay the most attention to mutations in the gene that encodes the virus's spike protein, which plays a key role in its entry into cells and is targeted by vaccines
 "Alpha, Delta and more: Why coronavirus variants are causing alarm")
Evergrande Group flags default risk from cash crunch; bonds fall
The company said it's exploring the sale of interests in its listed electric vehicle and property services units, as well as other assets
 "Evergrande Group flags default risk from cash crunch; bonds fall")
Euro-area inflation jumps to decade-high 3% in challenge for ECB
Consumer prices rose 3%
 "Euro-area inflation jumps to decade-high 3% in challenge for ECB")
Aluminium hits 10-year high as demand roars, China supply curbed
Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011
 "Aluminium hits 10-year high as demand roars, China supply curbed")
Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal
The Russian internet giant will own 100% of Yandex.Eats, Yandex.Lavka and Yandex.Delivery, as well as a self-driving venture that operates cars and drones, according to a statement Tuesday
 "Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal")
August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers
Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept
 "August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers")
Oil heads for its biggest monthly loss this year ahead of OPEC+ meet
The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.
 "Oil heads for its biggest monthly loss this year ahead of OPEC+ meet")
Tesla inches closer to entering India as road ministry approves 4 models
Tesla has had its vehicles certified as being roadworthy in India, says ministry website.
 "Tesla inches closer to entering India as road ministry approves 4 models")
India to China: Where investors managing $3 trn are putting their money
Institutional investors recommend heightened caution and warn of a difficult recovery ahead for the world.
 "India to China: Where investors managing $3 trn are putting their money")
Peter Thiel's founders fund backs $130 million Japan technology fund
Billionaire Thiel's Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan's technology startups as the country shakes off its image as a tough place for entrepreneurs
 "Peter Thiel's founders fund backs $130 million Japan technology fund")
US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan
"The Fed thinks it has time" to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram Rajan said in an interview
 "US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan")
Hottest cryptocurrencies are alternatives to Bitcoin and Ether
Cardano has doubled this month, becoming the third-largest digital asset. Binance Coin is also up. A token named Avalanche has tripled in August
 "Hottest cryptocurrencies are alternatives to Bitcoin and Ether")
New South Korea law likely to test Apple, Google duopoly: Report
The Telecommunications Business Act would mandate giving users a free choice of app payment providers
 "New South Korea law likely to test Apple, Google duopoly: Report")
COAI sees India lagging in 5G unless airwaves cost less
Proceeds from the 5G airwaves auction, likely early next year, is an important source of revenue for the Indian exchequer especially as Modi-led government looks to spur the pandemic-hit economy,
 "COAI sees India lagging in 5G unless airwaves cost less")
