Bloomberg
Bloomberg
Page 636 - Bloomberg
Stop developing new oil, gas, coalfields to avert climate crisis, says IEA
Within three decades, the role of fossil fuels should reverse entirely -- from 80% of global energy needs today to barely a fifth by mid-century.
 "Stop developing new oil, gas, coalfields to avert climate crisis, says IEA")
Japan's economy shrinks, raising fear of double-dip recession
Gross domestic product contracted an annualized 5.1% from the previous quarter, ending six months of double-digit growth, as businesses cut investment, government outlays fell
 "Japan's economy shrinks, raising fear of double-dip recession")
Musk loses world's second-richest ranking to LVMH's Arnault as Tesla dips
Tesla Inc chief Elon Musk lost his spot to LVMH Chairman Bernard Arnault as electric vehicle-maker's shares fell 2.2%. Musk now has a fortune of $160.6 billion, down 24% from its January high.
 "Musk loses world's second-richest ranking to LVMH's Arnault as Tesla dips")
Consumption hit from second Covid wave seen denting Indian economy
The economic drag from the pandemic in the current quarter will be dominated by demand destruction or deferment of expenditures, said QuantEco Research economist Yuvika Singhal
 "Consumption hit from second Covid wave seen denting Indian economy")
India grapples with LNG oversupply as coronavirus dashes demand
At least three companies have asked to delay shipments slated for May and June delivery, according to traders with knowledge of the matter
 "India grapples with LNG oversupply as coronavirus dashes demand")
'Entire families' wiped out, anger grows as Covid-19 engulfs rural India
In Basi, about 1.5 hours from the capital New Delhi, about three-quarters of the village's 5,400 people are sick and more than 30 have died in the past three weeks.
 "'Entire families' wiped out, anger grows as Covid-19 engulfs rural India")
Amazon in talks to buy movie studio MGM for about $9 billion:Report
MGM would help bolster Amazon's Prime streaming service, the Information and Variety said in reports. Amazon is weeks into negotiations to buy studio for about $9 billion, according to Variety.
 "Amazon in talks to buy movie studio MGM for about $9 billion:Report")
Covid-19: The world economy is suddenly running low on everything
Surging corporate demand is upending global supply chains
 "Covid-19: The world economy is suddenly running low on everything")
Microsoft conducted probe on Bill Gates' involvement with employee
The board reviewed the matter and held a "thorough investigation" with the help of an external law firm, the software giant said
 "Microsoft conducted probe on Bill Gates' involvement with employee")
Elon Musk fuels Bitcoin volatility by saying Tesla hasn't sold stake
The drama started on Sunday after Musk sent a tweet that raised questions about whether Tesla might have already sold its stake
Scientists agree Covid is airborne, want overhaul of ventilation systems
Researchers demand universal recognition that infections can be prevented by improving such systems.
 "Scientists agree Covid is airborne, want overhaul of ventilation systems")
Gojek to merge with Tokopedia to create $18-bn Indonesia tech giant
The combined entity may seek to go public.
 "Gojek to merge with Tokopedia to create $18-bn Indonesia tech giant")
AT&T to create a streaming giant with Discovery by merging media assets
Discovery shares jumped 16% in premarket trading. AT&T shares rose 1.4%.
 "AT&T to create a streaming giant with Discovery by merging media assets")
Sanofi, Glaxo covid vaccine works well in mid-stage study, shot on track
Volunteers showed a similar antibody response to people who have recovered from the coronavirus, the companies said in a statement Monday.
 "Sanofi, Glaxo covid vaccine works well in mid-stage study, shot on track")
China vaccinating almost 14 million people a day, fastest in world
The ramp up in shots is being helped by a flareup of cases in the eastern province of Anhui and northeastern region of Liaoning.
 "China vaccinating almost 14 million people a day, fastest in world")
Post-Covid offices emphasise on empathy, wellness to get workers back
Paperspace Asia, a Southeast Asian firm that connects designers, lighting consultants and sound engineers with companies grappling with one of the biggest global post-Covid labor market challenge
 "Post-Covid offices emphasise on empathy, wellness to get workers back")
India's states under pressure to cut budgets, sell assets for vaccination
States will have to foot about $5 billion in vaccination costs after the centre suddenly made them responsible for inoculating most adults.
 "India's states under pressure to cut budgets, sell assets for vaccination")
Microsoft board probed Gates in 2000 for relationship with employee: Report
The software giant had received a concern in 2019 that that Gates had tried to have an "intimate" relationship with an employee in 2000, Dow Jones cited a Microsoft spokesman as saying.
 "Microsoft board probed Gates in 2000 for relationship with employee: Report")
Iran gears up for return to global oil market as US talks advance
US and Iranian diplomats, currently negotiating via intermediary governments in Vienna, have signaled that an agreement is within reach
 "Iran gears up for return to global oil market as US talks advance")
Rishi Sunak isn't sold on US President Joe Biden's global business tax plan
Britain wants the US and other nations to focus instead on measures to make big MNCs, such as Amazon, pay more of their tax in countries where they operate
 "Rishi Sunak isn't sold on US President Joe Biden's global business tax plan")
