Bloomberg
Bloomberg
Page 597 - Bloomberg
China spells out how excessive '996' work culture is illegal
China's increasingly profitable tech giants are grappling with public outrage over their grueling schedules, a backlash fueled by a growing chorus of complaints on social media and even deaths.
 "China spells out how excessive '996' work culture is illegal")
For growth and investments, Modi's green new deal might actually work
If the government can reduce investment risk in greener sectors and make them attractive investment propositions, it might well turn around its economic record.
 "For growth and investments, Modi's green new deal might actually work")
NFTs supplant Rolexes and Lambos as the new digital savvy 'flex'
Non-fungible tokens, which allow holders of art and collectibles to track ownership, are staging a resurgence after fading from the headlines during Bitcoin's springtime swoon.
 "NFTs supplant Rolexes and Lambos as the new digital savvy 'flex'")
Billionaire-backed stock picker says tech bubble talk is for boomers
Blue Whale's top holdings are more dominated by brands that have become household names over the past two decades, including Google parent Alphabet Inc., Microsoft Corp.
 "Billionaire-backed stock picker says tech bubble talk is for boomers")
Better than booster shots, non-vaccines promise to build Covid immunity
Monoclonal antibodies boost immune response to infections by binding to particular sites on the spike protein of the virus that causes Covid-19.
 "Better than booster shots, non-vaccines promise to build Covid immunity")
Covid-19 pandemic has India scrambling to boost its manufacturing sector
High-contact services jobs from airlines to hotels and malls to multiplexes were the first to collapse amid protracted lockdowns aimed at containing the virus
 "Covid-19 pandemic has India scrambling to boost its manufacturing sector")
The hybrid work revolution after Covid-19 is already transforming economies
While a more permanent transformation of working life will have painful consequences for many inner-city businesses, economists see a recalibration underway that can revitalize smaller towns, suburbs
 "The hybrid work revolution after Covid-19 is already transforming economies")
Apple settlement lets app makers advertise outside payments
The settlement will include $100 million worth of payments to app makers ranging from $250 to $30,000 per developer
 "Apple settlement lets app makers advertise outside payments")
China to meet economic targets with virus curbs: President Xi Jinping
Xi said China should push for high-quality development and better coordinated policies around development and safety
 "China to meet economic targets with virus curbs: President Xi Jinping")
Blasts strike Kabul airport; kill at least 13, including children
ISIS role suspected behind attack; foreigners, US troops injured
 "Blasts strike Kabul airport; kill at least 13, including children")
Evergrande electric vehicle unit loses $80 billion in worst stock rout
China Evergrande New Energy Vehicle Group Ltd. sank as much as 22% Thursday after its parent said the unit lost 4.8 billion yuan ($740 million) in the first half
 "Evergrande electric vehicle unit loses $80 billion in worst stock rout")
The world economy's supply chain problem keeps getting worse
Manufacturers reeling from shortages of key components and higher raw material and energy costs are being forced into bidding wars to get space on vessels, pushing freight rates to records
 "The world economy's supply chain problem keeps getting worse")
China tech selloff accelerates as weak earnings spook investors
The Hang Seng Tech Index closed 1.9% lower in Hong Kong.
 "China tech selloff accelerates as weak earnings spook investors")
Bitcoin's 60% rally from July lows may be running out of steam
The largest cryptocurrency fell as much as 4.4% Thursday to $46,588, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index.
 "Bitcoin's 60% rally from July lows may be running out of steam")
South Korea's rate hike suggests it's not too worried about Delta variant
On Thursday, the Bank of Korea raised its benchmark rate a quarter of a percentage point to 0.75%, citing worries about asset bubbles and other financial imbalances
 "South Korea's rate hike suggests it's not too worried about Delta variant")
Warlord to former CEO: Taliban must deal with these leaders in Afghanistan
The militant group has been holding meetings in Kabul with Hamid Karzai, the first president after the U.S. invasion, and Abdullah Abdullah, No. 2 in the ousted administration
 "Warlord to former CEO: Taliban must deal with these leaders in Afghanistan")
How China's ultra-loyal, nationalist web users silence Beijing's critics
Among their targets are celebrities, scientists, feminists and public figures, who can suffer censorship, blacklisting or loss of income
 "How China's ultra-loyal, nationalist web users silence Beijing's critics")
Jindal Steel plans $2.4-billion spend in six years, double output
The steelmaker plans to raise total crude steel capacity to 15.9 million tons by March 2025 from 8.6 million tons, the New Delhi-based company said in an investor presentation on Tuesday
 "Jindal Steel plans $2.4-billion spend in six years, double output")
Country now comes before profit for tech giants in Xi Jinping's China
President Xi Jinping has increasingly emphasized the idea of "common prosperity" as the Communist Party tries to address the country's wealth gap
 "Country now comes before profit for tech giants in Xi Jinping's China")
SEC chief Gary Gensler warns 'clock is ticking' on delisting Chinese stocks
Securities and Exchange Commission Chair Gary Gensler has a warning for hundreds of Chinese companies that have raised billions of dollars in US markets
 "SEC chief Gary Gensler warns 'clock is ticking' on delisting Chinese stocks")
