Bloomberg
Bloomberg
Page 654 - Bloomberg
Citigroup's retreat highlights global banks' struggle in China, India
Increased rivalry from domestic lenders, especially in consumer financing, and competition for top talent contribute to challenges.
 "Citigroup's retreat highlights global banks' struggle in China, India")
Latest Covid-19 wave deadlier in Brazil than India: No one knows why
When it comes to the scale of infections, the two nations are similarly matched, with cases hovering around 14 million and hospitals from Mumbai to Sao Paulo under increasing pressure
 "Latest Covid-19 wave deadlier in Brazil than India: No one knows why")
Don't write off China's Covid-19 vaccines: World needs them as cases surge
While more than 848 million doses have been administered, countries with the highest incomes are getting vaccinated 25 times faster than those with the lowest
 "Don't write off China's Covid-19 vaccines: World needs them as cases surge")
Softbank Group to invest $450 million in Swiggy at $5.5 billion value
Second funding for food delivery startup in as many weeks
 "Softbank Group to invest $450 million in Swiggy at $5.5 billion value")
Mukesh Ambani sends oxygen from refineries to aid India's Covid-19 fight
Ambani's Reliance Industries Ltd., which operates the world's biggest refining complex in western India, has started supplying oxygen from Jamnagar to Maharashtra at no cost
 "Mukesh Ambani sends oxygen from refineries to aid India's Covid-19 fight")
Amazon must treat employees better, says Jeff Bezos after union vote
He's stepping down as CEO later this year to become executive chairman, and it was clear to experts that legacy was on his mind in his final missive to investors
 "Amazon must treat employees better, says Jeff Bezos after union vote")
US imposes sanctions on Russia over cyberattacks and poll meddling
Expels 10 Russian diplomats, restricts new sovereign debt purchase
 "US imposes sanctions on Russia over cyberattacks and poll meddling")
JPMorgan embarks on $2.5-trillion climate, sustainability effort
Goldman Sachs Group Inc., Citigroup and Bank of America have all set net-zero greenhouse-gas emissions targets in their financing activities.
 "JPMorgan embarks on $2.5-trillion climate, sustainability effort")
Covid: RIL to send 100 tons of medical-use oxygen to Maharashtra at no cost
India is in the grip of a second wave of Covid-19 infections
 "Covid: RIL to send 100 tons of medical-use oxygen to Maharashtra at no cost")
Surojit Chatterjee: Ex-Google exec's 2020 move to Coinbase worth Rs 5k cr
The chief product officer, an IIT Kharagpur graduate, has been with Coinbase Global Inc., the biggest U.S. crypto exchange, for just 15 months
 "Surojit Chatterjee: Ex-Google exec's 2020 move to Coinbase worth Rs 5k cr")
From best to worst: Rupee tumbles in 2 weeks on Covid, poised for more loss
Traders are concerned that the rupee's tailwinds could start fading. Rising commodity prices may push the current-account into a deficit in the fiscal year that started in April
 "From best to worst: Rupee tumbles in 2 weeks on Covid, poised for more loss")
Gautam Adani may win three more slots on MSCI India Index as shares double
The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among the world's billionaires
 "Gautam Adani may win three more slots on MSCI India Index as shares double")
Work from home without flexibility risks creating unhealthy culture: Study
King's College report suggests implementing predictable or set hours, compressed days, job sharing and school term-time working.
 "Work from home without flexibility risks creating unhealthy culture: Study")
Covid-19 risk on flights drops by half when middle seats kept vacant: Study
Some carriers never limited seating as a result of the pandemic and others lifted the practice months ago
 "Covid-19 risk on flights drops by half when middle seats kept vacant: Study")
EU lays out $1-trn plan to fund recovery from coronavirus pandemic
It highlights the ambition of the EU's first meaningful entry into bond markets, which will see the total of outstanding bonds closing in on that of Spain's this decade
 "EU lays out $1-trn plan to fund recovery from coronavirus pandemic")
Egypt seizes Suez Canal ship 'Ever Given' pending $900 mn compensation
Company that owns vessel says the crew is still on board the ship, which is now in Great Bitter Lake, about halfway along the canal.
 "Egypt seizes Suez Canal ship 'Ever Given' pending $900 mn compensation")
India calls out historical polluters including US before climate meeting
The world's third-biggest emitter, India has come under pressure to make a net-zero pledge ahead of the US meeting and global climate talks in Glasgow, Scotland, this November
 "India calls out historical polluters including US before climate meeting")
$12.5-bn pipeline deal shows oil still king for investors in Saudi Arabia
EIG makes one of the biggest direct investments in the country; Aramco deal shows country's reliance on core energy
 "$12.5-bn pipeline deal shows oil still king for investors in Saudi Arabia")
Global air travel stuck behind 2019 level, capacity at 58% of pre-Covid
Globally, scheduled capacity is stuck at about 58% of pre-pandemic levels, says John Grant, chief analyst at aviation data specialist OAG
 "Global air travel stuck behind 2019 level, capacity at 58% of pre-Covid")
J&J delay slows Covid-19 vaccine rollout across a world needing shots
At a briefing Tuesday, FDA officials said the length of the pause will depend on what they learn, but they expect it to be a "matter of days"
 "J&J delay slows Covid-19 vaccine rollout across a world needing shots")