Page 633 - Bloomberg

Jobs lost, middle-class Indians line up for rations and 'worry about meals'

More than 15 million Indians lost their jobs in May alone; legions of them see their economic toehold ripped away in lockdowns.

Milk to pork: How the rising cost of food is sweeping around the world

Food prices have always been cyclical, and most agricultural futures are now off their peaks from early May

India inspects Carlsberg accounts for alleged impropriety: Report

The Registrar of Companies has issued a notice to Carlsberg India seeking its response and is preparing to summon the board of directors soon

Joe Biden to warn US companies about Hong Kong risks, says report

A new law that allows Beijing to retaliate against anyone complying with anti-China sanctions is also among the US concerns: media report

Google fined $593 mn by French antitrust agency over news content issue

Google ignored a 2020 decision to negotiate in good faith for displaying snippets of articles on its Google News service

Reliance considers bid for Centre's solar incentives in green push

Reliance said last month it plans to build factories to produce solar components, energy storage batteries, electrolysers for making green hydrogen and fuel cells.

JPMorgan notches record quarter on merger flurry, $3-bn reserve release

JPMorgan released $3 billion in reserves it had previously set aside for bad loans, almost twice as much as analysts had predicted.

Zomato is serving its pricey IPO at the time of a cold tech war in India

The final shape of the country's emerging digital economy is still unclear, writes Andy Mukherjee.

Earnings disappointment a risk for Indian equity investors, says JPMorgan

The Indian measure is trading at 20.8 times its forward earnings estimates for the next 12 months, during which member profits are expected to grow about 44%, according to data compiled by Bloomberg

India sets up bad bank to reduce debt burden, free up lenders

National Asset Reconstruction Company Ltd's paid-up capital is Rs 74.6 crore

Fiscal deficit worries could be on backburner: Niti Aayog's Rajiv Kumar

'If you have to spend money because you have to save both lives and livelihoods then that's what you have to do,' he says.

'Distress sale': Indians offload gold heirlooms as Covid deepens pain

With fewer banks around, people in rural areas rely on gold in times of need as it can be easily liquidated

Richard Branson's space jaunt worth $841 million for Virgin Galactic

Shares of Virgin Galactic Holdings Inc. jumped as much as 22% in premarket U.S. trading on Monday, just above an all-time peak reached in February.

WhatsApp faces EU complaint for 'foisting' updated privacy policy on users

'WhatsApp has been bombarding users for months with aggressive, persistent pop-up messages,' says consumer association.

Adani group boosting coal assets despite carbon neutral pledge: Report

Environmental nonprofit says company is making a significant negative contribution to global warming

Written down: Accounting drill keeps bitcoins from getting wider acceptance

Accountants are fitting crypto into existing categories. As an intangible asset, Bitcoin's book value can go only one way: down.

Microsoft likely to buy cybersecurity firm RiskIQ, pay more than $500 mn

RiskIQ's customers include Facebook Inc, BMW AG, American Express Co and the US Postal Service

Rupee slides toward year's low against dollar as trade deficit widens

The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee

World's billionaire factory shaken as China cracks down on 'savage growth'

Beijing's pursuit of ride-hailing service Didi and Jack Ma shows the age of unfettered gains for China's ultra-rich now appears to be at end.

Global boom in house prices becomes a dilemma for central banks

Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term