Bloomberg
Bloomberg
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What happens when business tycoons abandon their giant cargo ships
Covid-19 has wrought havoc everywhere, but in the nominally regulated shipping industry it's fueling a worrying practice: the abandonment of ships, cargo and seafarers with no way to get home
 "What happens when business tycoons abandon their giant cargo ships")
US nuclear agency, three states, Microsoft attacked by Russian hackers
The hack of the nuclear agency was reported earlier by Politico. Microsoft spokesman said the company had found malicious code in its environment
 "US nuclear agency, three states, Microsoft attacked by Russian hackers")
Bitcoin tops $23,000; may climb to about $400,000, says analyst
The digital coin jumped more than 9 per cent on Thursday, touching a high of $23,256.92, according to a composite of prices compiled by Bloomberg
 "Bitcoin tops $23,000; may climb to about $400,000, says analyst")
Robinhood to pay $65 million to settle SEC charges of misleading customers
The case involves disclosures from 2015 to late 2018 by a Robinhood unit, according to a Thursday SEC statement
 "Robinhood to pay $65 million to settle SEC charges of misleading customers")
Citigroup to offer workers a 12-week sabbatical amid Covid-19 pandemic
Staffers also will be able to buy as many as five extra vacation days annually starting next year
 "Citigroup to offer workers a 12-week sabbatical amid Covid-19 pandemic")
Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest
Agarwal made a fortune buying state companies and fixing them up, building a metals and mining powerhouse under the umbrella of Vedanta Resources Ltd
 "Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest")
India seeks to mend Bangladesh ties with coronavirus vaccine diplomacy
The new law fast-tracks Indian citizenship for non-Muslims from three neighboring nations including Bangladesh
 "India seeks to mend Bangladesh ties with coronavirus vaccine diplomacy")
Apple wants to make iPhone user tracking harder and Facebook is upset
Facebook previously told investors that Apple's changes, scheduled to go live early next year, will lead to significant headwinds because most of its advertisers are small businesses
 "Apple wants to make iPhone user tracking harder and Facebook is upset")
India wants a V-shaped recovery at any cost. But what will RBI do?
How RBI manages recovery demand against threats to financial stability from cheap money may be a more important story for India investors in 2021 than the standard growth versus inflation trade-off
 "India wants a V-shaped recovery at any cost. But what will RBI do?")
Saudi Arabia plans spending cuts in 2021 as economy recovers: Report
The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021 after its deficit widened dramatically this year, according to an annual budget statement released Tuesday
 "Saudi Arabia plans spending cuts in 2021 as economy recovers: Report")
Next Covid-19 vaccine challenge: Crossing the economic and patent barrier
India's proposed WTO waiver faces stiff opposition from the US and EU
 "Next Covid-19 vaccine challenge: Crossing the economic and patent barrier")
Vanguard Group makes history with first $1-trillion equity fund
Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1.04 trillion of assets as of November 30, company data show
 "Vanguard Group makes history with first $1-trillion equity fund")
Back with a bang: Bankex outperforming Sensex, sharpest since 2009
A 44 per cent surge since September 30 means a gauge of lenders is beating the benchmark S&P BSE Sensex by more than 20 percentage points this quarter - the most since 2009
 "Back with a bang: Bankex outperforming Sensex, sharpest since 2009")
US labels Switzerland as FX manipulator, keeps China on watch
Having removed the manipulator label from China in January, the Treasury urged the world's second-largest economy to "improve transparency" in its currency management
 "US labels Switzerland as FX manipulator, keeps China on watch")
Bitcoin surpasses $20,000 for first time amid dizzying rally
The world's largest cryptocurrency rose as much as 3.8% to $20,154 on Wednesday
 "Bitcoin surpasses $20,000 for first time amid dizzying rally")
Vaccinating the world means solving patent impasse; India has suggestion
A patent gives a drugmaker exclusive rights to manufacture a vaccine it developed
 "Vaccinating the world means solving patent impasse; India has suggestion")
Covid wiped out 81 mn jobs in Asia-Pacific; women, youngsters affected: ILO
Employment in Asia-Pacific showed a 4.2% decline compared with the pre-crisis trend, with the gap at 4.6% for women and 4% for men, the ILO said in a report
 "Covid wiped out 81 mn jobs in Asia-Pacific; women, youngsters affected: ILO")
US supply chains offer Biden a way to make allies, not just bring jobs home
The escalating technological, geopolitical and economic rivalry between the superpowers gives greater urgency to a plan for diversification
 "US supply chains offer Biden a way to make allies, not just bring jobs home")
WHO sees 'strong commitment' from Pfizer for cheaper Covid-19 vaccines
Bruce Aylward, WHO senior adviser, said that he saw a "strong commitment" on the part of its CEO Albert Bourla to set prices at levels appropriate to poorer populations
 "WHO sees 'strong commitment' from Pfizer for cheaper Covid-19 vaccines")
Boeing expands search for defects on newly built 787 Dreamliner planes
While US regulators say the faults don't pose an immediate hazard, the emergence of another flaw in Boeing's most advanced jetliner is slowing deliveries and raising doubts about quality controls
 "Boeing expands search for defects on newly built 787 Dreamliner planes")