Page 687 - Bloomberg

China goes ahead with hydrogen-powered cars, defying Elon Musk's warnings

In a 15-year plan for new-energy vehicles released on Nov. 2, China's State Council said the country will focus on building the fuel-cell supply chain and developing hydrogen-powered trucks and buses

Tata JLR seeks to block US imports of Audi, Porsche SUVs over patent tussle

Jaguar Land Rover Automotive Plc filed a complaint to block US imports of Porsche, Lamborghini, Audi and Volkswagen SUVs it says are using its patented Terrain Response technology without permission

ThyssenKrupp to slash 11,000 jobs after recording $6.5 bn net loss

Sees another billion-euro deficit after 5.5-bn euro loss

IMF warns against premature withdrawal of stimulus amid Covid resurgence

The IMF noted progress on a vaccine, but also said elevated asset prices point to a disconnect from the real economy and a potential threat to financial stability

China won't engage in decoupling or form small circle, says Xi Jinping

Xi's speech made no mention of the U.S. and offered passing allusions to mounting protectionism and unilateralism

Extremely bullish outlook for emerging markets: JPMorgan's Gabriela Santos

Gabriela Santos, a global market strategist at the firm's investment arm, said the asset class will benefit from a cyclical recovery in the global economy, buoyed by advances in Covid-19 vaccines

BuzzFeed to acquire HuffPost from Verizon in latest new-media deal

BuzzFeed and Verizon's media arm also agreed to syndicate each other's content in a broader partnership, the companies said in a statement Thursday

Gold takes a knock amid exodus from ETFs, progress on Covid vaccines

Since hitting a record in August, bullion's rally has stalled amid uncertainty over further stimulus measures and optimism over an effective vaccine, even as the virus continues to spread

Oaktree-led consortium offers Rs 15,000 crore funding to Vodafone Idea

Varde Partners among the other participants; Bloomberg report does not specify how the potential deal between the two parties would be structured

Oxford-AstraZeneca Covid-19 vaccine shows immune response in older adults

The vaccine causes few side effects and provokes a response in T-cells that target the virus within 14 days of the first dose and a protective antibody response within 28 days of the booster dose

Oaktree, Varde offer $2 billion funding to Vodafone Idea: Report

Vodafone Idea said in September it plans to raise as much as 250 billion rupees ($3.4 billion)

It's not museums that continued collecting art during Covid-19 but banks

As pandemic-related shutdowns have entered their ninth month, banks have continued to collect, lend, and exhibit art. By comparison, 1 in 3 American museums never reopened after shutting down in March

India's economy may continue to face Covid-19 aftershocks till 2025: Report

HSBC Holdings Plc said India's potential growth could drop to 5% in the post-pandemic world from 6% on the eve of the outbreak and more than 7% before the global financial crisis

Trump challenged election results in key states but can he win them back?

In order to reverse last week's results and get the 270 electoral votes needed to win the White House, Trump would need to move at least three of those states into his column

Trump's troop withdrawal from Afghanistan may put Biden in a tough spot

Biden may find that one of his first acts as president will be to send more troops to a war he wanted to end 11 years ago

Borrowing costs ease for NBFCs after RBI pumps more cash in credit market

India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects

Taiwan's broadcast regulator orders closure of pro-China TV channel

The National Communications Commission will not renew the broadcast license of Chung T'ien News, its chairman Chen Yaw-shyang said at a briefing in Taipei on Wednesday

Apple to slash App Store developer fee by half to 15% from Jan 1, 2021

Apple has faced ongoing scrutiny from government regulators and criticism from developers about the percentage of revenue it takes for App Store purchases

US market regulator threatens stock market ban for Chinese companies

This comes amid China's refusal for review audits of Alibaba, Baidu and others

Music platforms remain immune to Covid-19 as investments intensify

Shamrock Capital, a private equity firm, has acquired the Taylor Swift master recordings from Carlyle Group and manager Scooter Braun for $300 million