Page 605 - Bloomberg

Cash glut at Warren Buffett's Berkshire may trap tech titans next

Unlike some of his ultra-wealthy peers, Buffett still prefers the nuts-and-bolts businesses of Planet Earth

Global Covid deaths estimated to reach 5.3 million by December

There have been almost 4.3 million deaths from Covid-19 globally since the start of the pandemic, according to the World Health Organization.

Downbeat Indian consumers withhold spending amid pandemic, says RBI survey

The latest survey came as the RBI's Monetary Policy Committee kept interest rates unchanged at a record-low

SEC brings its first DeFi case over unregistered digital token sales

The SEC sued Cayman Islands-based Blockchain Credit Partners and two of its top executives for illicitly offering securities through its DeFi Money Market platform from February 2020 to February 2021

Commodity markets on tenterhooks as Delta outbreak rattles China

Fears over the more infectious variant helped drive US crude below $70 a barrel this week

Oil heads for biggest weekly loss this year on Delta variant concerns

Oil fell, capping the biggest weekly loss since October, as the spread of the delta coronavirus variant in China and elsewhere in the world is casting doubts on demand growth

Huawei Technologies revenue declines as business hurt by US curbs

The Shenzhen-based company reported a 38% decline in sales to 168.2 billion yuan ($26 billion) in the three months ended in June

US job growth exceeds forecast in July as unemployment rate falls

Payrolls climbed by 943,000 last month after an upwardly revised 938,000 increase in June

Cryptocurrency exchange Binance halts new Hong Kong futures accounts

The largest crypto exchange by reported turnover said in a Twitter post that the move is effective immediately.

Scrapping retrospective tax may not be enough to repair India's reputation

Political executive will need to strive for a fairer playing field, writes Andy Mukherjee.

RBI keeps rates unchanged amid policy dissent on lower-for-longer stance

Policy makers voted 5-1 in favor of keeping the stance accommodative, a departure from the past when they were unanimous on the need to support growth amid the pandemic.

India wants ethanol to fuel its cars, but food inflation is a major risk

The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry

'Not plug and play': Amazon, Flipkart struggle to meet EV goal in India

Delivery giants find there aren't many models available that can be deployed at scale, and what supply there is can't keep up with demand.

Bank of England signals 'modest tightening' over the next two years

Policy makers led by Governor Andrew Bailey said they now expect annual price growth to peak higher than expected around 4%

ByteDance furloughs hundreds after China's tutoring crackdown

It's unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services

US President Biden sets US goal for clean cars to be half of 2030 sales

Biden will be joined at the White House Thursday by representatives of Detroit automakers and the United Automobile Workers union as he unveils an executive order establishing the goal

SoftBank Group funding turns India start-up Mindtickle into unicorn

The latest funding takes the total capital raised to $281 million, including a $100 million round last November that was also led by SoftBank

ED said to probe crypto exchange Binance's role in betting app laundering

India is probing betting apps run by Chinese operators, which collected more than Rs 1,000 crore over the past 10 months, for allegedly laundering part of money through the WazirX cryptocurrency

India's worst-performing stock in July may rebound if history is any guide

Shares of pharma firm Dr Reddy's Labs have rallied about 15% after losing steam

Global hunger to rise in 2021 due to income losses from Covid-19 pandemic

291 million people won't have enough to eat in 2021, according to the US Department of Agriculture.