Page 622 - Bloomberg

Didi Global saga shows China's tech behemoths must first answer to Beijing

Didi is by most measures an appealing success story. The firm controls almost the entire ride-hailing market in China, and counts SoftBank Group Corp. and Tencent Holdings Ltd. as major shareholders

Oil and dollars: Why the UAE is risking a falling-out with OPEC+

The United Arab Emirates, the group's fourth-biggest producer, argued against a deal proposed by Saudi Arabia and Russia to extend quota limits until the end of next year

OPEC+ in crisis as specter of destructive infighting looms again

What happens next will determine whether the breakdown of talks -- which sent crude climbing toward $80 a barrel -- could escalate into a conflict as bitter and destructive at last year's price war.

When will China's economy beat the US to become no. 1? It may never happen

Few questions are more consequential, whether it's for executives wondering where long-term profits will come from, or investors weighing the dollar's status as global reserve currency

Israel sees steep drop in Pfizer vaccine efficacy rate: Report

At the same time, protection against hospitalisation and serious illness remained strong

Shares of SoftBank, biggest investor in Didi, sink after China blocks app

SoftBank fell 5.4% in Tokyo, the most among stocks on Japan's Nikkei 225 Stock Average and the biggest decline since it reported earnings in May.

China widens probe beyond Didi Global, roiling global investors

The company says app takedown may hit its revenue

Explained: How cryptocurrency turbocharged the cybercrime racket

Cryptocurrency and the exchanges where digital currency can be traded anony­mously have emerged as key tools for the cyber extortionists

Limited menstrual pads, food: How poorer Indian women suffered in pandemic

Women are also taking longer to re-enter the workforce after the first wave of the Covid-19 pandemic last year, the study found.

Getting athletes to Olympics amid global pandemic a logistics nightmare

For hundreds of Olympic organizing officials eyeing the start of the Tokyo Games in just 18 days it's a major headache

India needs a new round of bankruptcy reform that won't stiff creditors

Political constraints have never allowed India's public institutions to save capitalism from powerful capitalists, something that a tough bankruptcy law was supposed to change

China blocks Didi Chuxing from all app stores over misuse of user data

Current half-bn users can order rides if they downloaded the app before Sunday

Delta variant of Covid creates emerging market gap as outperformers hit

Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB

Get used to it: Investors expect record-breaking equity rally to continue

Of course, pitfalls abound. Here is a look at some of the factors keeping investors hooked on equities despite the risks

The race to become the vanguard of India's stock market is on

India's biggest broker is awaiting regulatory approval for an asset management company that will focus only on passive investing.

Tokyo election tests Prime Minister Yoshihide Suga ahead of Olympics

Polls opened at 7 a.m. Sunday and will close at 8 p.m. in the battle for power in the 127-seat metro assembly representing the nearly 14 million residents of the Japanese capital

A massive ransomware attack has hit more than 1,000 companies

So far, more than 20 MSPs have been affected, said John Hammond, a cybersecurity researcher at Huntress Labs.

Covid: Putin's 'lockdown lite' as Moscow stops millions from dining out

But mindful of hostility to the vaccines in Russia ahead of key elections, he's steering away from making the shots mandatory nationwide.

World's oldest wealth fund swells to record $700 bn and cracks the top 3

KIA, the world's oldest sovereign wealth fund whose roots predate the birth of the modern state of Kuwait, doesn't officially disclose the value of its assets.

RBI proposes framework for acceptable bids at auctions to underwriters

RBI tries another way to tame bond yields as they have been rising in India on worries over inflation