Page 639 - Bloomberg

Tens of millions on the fringes sink into poverty as Covid wrecks India

The government estimates India's gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952

Time for India to rethink health insurance as Covid rips apart safety nets

Insurance plan launched two years ago to help over 107 million people hasn't improved access to health care, say Duke University researchers.

ByteDance hires thousands to challenge e-commerce king Alibaba

A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public, countering concerns around Beijing's crackdown on the country's internet behemoths

Debris of China's disintegrating Long March rocket falls into Indian Ocean

Pieces of the Long March 5B rocket re-entered the atmosphere at 10:24 a.m. Sunday local time and plunged into the sea at around 72.47 degrees east longitude and 2.65 degrees north latitude

Personality traits that help coping with lockdown in Covid easier now clear

The more conscientious people were, the less anxious and depressed when stuck at home.

Driverless taxis to cancer drugs: Google's moonshots are serious business

Alphabet could be underinvesting in the sustainability of its prosperous main business while overinvesting in adventurous sidelines.

EU seals deal with Pfizer for as many as 1.8 billion vaccine doses

The contract is for a guaranteed 900 million shots, with an option for a further 900 million

Covid-19: Depleting savings, falling incomes leave millions poor in India

Many economists are cutting their forecasts for the current fiscal year as rising unemployment and dwindling savings dim the chances of a double-digit growth

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price

Pakistan to spend 'bare minimum' $6 billion to boost economic growth

The government's GDP target for next year is a percentage point higher than the IMF's 4% projection, and FM Tarin is seeking to boost growth to 6% in the year after

Covid surge could peak in coming days, predicts model by PM Modi's advisors

The group's projections have been changing and were wrong last month, but are needed for the government to plan resources.

Wall Street giants get swept up by India's brutal coronavirus wave

India's total coronavirus infections have risen to 21.5 million, of which about a third were added since mid-April

Copper jumps to fresh all-time high as growth bets supercharge commodities

Yet, while the biggest miners are universally bullish on the outlook for copper, there are few new projects on the horizon, constraining future supply.

Pakistan to spend 'bare minimum' $6 bn to boost growth: Finance Minister

Pakistan plans to boost spending on large infrastructure projects by as much as 40% to create jobs and foster productivity in an economy crippled by the coronavirus pandemic, Finance Minister Shaukat.

Wall Street giants' outsourcing ops in India suffer as workers call in sick

A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends

Amazon postpones Prime Day sale in Canada, India due to Covid-19

India, which is suffering severe shortages of medical equipment, on Thursday reported 412,262 new virus cases and 3,980 deaths, both daily records

The world turns to China for vaccines as Covid-19 crisis deepens in India

Over the past few weeks, leaders of some of the globe's most populous nations have sought more shots from China despite concerns about their effectiveness

US backs Covid-19 vaccine IP waiver; global pharma companies irked

European Commission supports move, matter heading to WTO

Jeff Bezos sells $2.5 billion of Amazon and signals more coming

Jeff Bezos, the world's richest person, continues to hold more than 10% of Amazon.com.

Melinda Gates receives billions in shares from Bill Gates holding company

Cascade Investment, the holding company created by Bill Gates, transferred stock in two of Mexico's largest companies to Melinda French Gates bringing the total amount more than $2 billion.