Page 628 - Bloomberg

Biden blocks 59 Chinese companies including Huawei in amended Trump order

Biden's position on Trump's order has been closely watched by Wall Street and Capitol Hill.

After 7,700% surge in stock, Orchid Pharma to face reality check

New owners have to divest part of their stake of about 98 per cent in the firm, which re-listed in Mumbai in early November after emerging from bankruptcy

LIC: Govt may seek proposals from investment banks for mega IPO in June

An offering could happen as soon as March 2022, say sources

Biden administration to send 25 mn vaccine doses abroad, including India

Through the UN-organized Covax program, the US plans to distribute 6 million shots to Central and South America, 7 million to Asia including hard-hit India and 5 million to Africa

Walt Disney opens Marvel-themed 'Avengers' campus in California

The company held a relatively subdued opening ceremony Wednesday evening. It was livestreamed with some celebrities - and fireworks - but without the usual hoopla.

Tesla begins recruiting for leadership, senior level roles in India

Elon Musk's company reportedly recruiting for positions including a head of sales and marketing, and a head of HR

Apple's CEO sets September return to offices for at least three days a week

The iPhone maker is pushing staff to return on Mondays, Tuesdays and Thursdays at a minimum, with remote work still an option for Wednesdays and Fridays, Cook said in a memo obtained by Bloomberg News

Russia cuts US dollar holdings in $119-billion wealth fund to zero

The transfer, which affects about $119 billion in liquid assets of which about a third is held in dollars, will take place within the central bank's huge reserves

Jack Ma's Ant Group gets go-ahead for consumer lending unit in sign of thaw

Chongqing Ant Consumer Finance Co will have registered capital of 8 bn yuan ($1.3 bn), and Ant will hold a 50% stake

Joe Biden to amend Trump's China blacklist, target key industries

Order takes aim at China's defence, surveillance tech sectors

Amid threat to beaches, Sri Lanka readies for oil spill from shipwreck

A smoldering shipwreck off the coast and near the capital Colombo threatens that natural ecosystem and the local economy.

Retail investors in India, South Korea join meme craze for AMC stock

AMC Entertainment skyrocketed as much as 127% on Wednesday, extending its total gains for the year to more than 3,000% and pushing its market capitalization briefly above $33 billion.

Germany failed to cut city's air pollution, rules EU top court

EU court judges in previous rulings also chided France and the U.K. for "persistently" exceeding limits.

Tapeworm drug, masks are part of Reliance's plan to tackle coronavirus

Reliance Industries is exploring use of a tapeworm drug, Niclosamide, as a cure for Covid-19, according to its annual report.

Deutsche tells US investment bankers they must be back in office by Sep 6

Deutsche Bank is still working through how much flexibility it will offer employees over the long term, according to a separate memo earlier this week from investment-banking chief

AMC stock extends surge as Reddit's retail frenzy reaches new heights

The movie-theater chain has a market value of more than $30 billion, making it more valuable than at least half of the companies in the S&P 500 Index.

Chamath Palihapitiya files four more SPACs with partner Suvretta

Chamath Palihapitiya plans to raise four more special purpose acquisition companies which add to the six blank-check companies he has already raised.

Biden to begin Covid-19 vaccine donations abroad as variant threat looms

The White House, which has faced pressure from a range of countries to share its vaccines, has settled on its plan and an announcement is imminent, according to the people, who discussed the matter

Jack Ma's Ant builds policy, govt relations team for push in Asian markets

Staff of just under 10 staff to prioritise markets in Southeast Asia, Hong Kong, and Macau; Europe will be target as well.

SBI does balancing act between financing coal projects, appeasing investors

Lender needs to finance coal projects to electrify more Indian homes, as it works with investors like BlackRock Inc that are keen on renewables.