Page 700 - Bloomberg

Charged up tycoons: Elon Musk's $139 bn fortune is one of many in EV biz

Overall, fortunes of the handful of people tracked by the Bloomberg index in the EV industry have increased by more than $140 billion -- including Musk's $111 billion surge.

Joe Biden to name longtime aide Antony Blinken as Secretary of State

Jake Sullivan, formerly one of Hillary Clinton's closest aides, is likely to be named Biden's national security adviser

Will India's banking system go from being state-dominated to tycoon-led?

From the conditional nature of recommendation by RBI on ownership of private-sector banks, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking

More members of Trump's own party say it's time for him to accept defeat

"It's past time to start a transition, to at least cooperate with a transition. I'd rather have a president who has more than one day to prepare," Republican Senator Kevin Cramer said

Can Hydrogen fuel cell cars go mainstream? This tie-up in UK may help do it

Ratcliffe's Ineos Group will explore opportunities to produce and supply hydrogen to Hyundai, which has been making fuel cell vehicles in low volumes since 2013

Western Union acquires $200-million stake in Saudi telecom unit

Saudi Telecom will inject 400 million riyals ($107 million) as additional capital stc pay and a further 802 million riyals if it manages to obtain a digital banking license, according to a statement

Abu Dhabi plans to spend $122 bn in oil & natural gas over the next 5 years

The Gulf emirate's top body for energy policy, the Supreme Petroleum Council, approved the budget for Abu Dhabi National Oil, state-run news agency WAM reported on Sunday

China all set to eclipse US as world's biggest oil refiner by 2021: IEA

The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia

Not ready yet to recognise Biden as US President, says Vladimir Putin

Relations between the 2 nations already ruined; nothing to be damaged, he said

India to Brazil, Astra-Oxford vaccine is key to many nations' Covid plan

The Astra vaccine costs a fraction of the price set by Pfizer; it should be easier to deploy far and wide than other shots.

Regeneron, given to Trump, gets emergency US clearance for Covid-19 therapy

Trial findings released by Regeneron in October showed the drug may help treat patients outside the hospital.

Rural America beset with chronic poverty struggles to deal with Covid-19

To some extent, resistance to wearing masks and social-distancing has played a role in these outbreaks

2 more defeats, a case withdrawn; Trump's fight to keep presidency narrows

A judge in Arizona tossed a Republican suit seeking a fresh audit of the vote in pivotal Maricopa County, which largely delivered that state to Biden

Amazon and other major retailers to postpone Black Friday in France

Amazon and traditional retailers, including Galeries Lafayette department stores, agreed to postpone the shopping holiday from Nov. 27 to Dec. 4

Jeff Bezos hands $684 mn of Amazon stock to nonprofits from his foundation

The Amazon founder has given away stock worth $856 million this year, which estimates his fortune at $183.6 billion

Tesla S&P 500 debut may spark $8 bn demand, say Goldman Sachs analysts

As Tesla's market value burgeons, the Palo Alto-based firm is also winning over some long-term skeptics

WHO advises doctors against using Gilead's remdesivir for treating Covid-19

The recommendation is a blow to Gilead's drug, which was one of the first thought to offer a meaningful benefit to coronavirus patients after a study showed it reduced their recovery time

Most Nifty firms trading above 200-day moving average, shows data

According to Bloomberg data, about 86 per cent of the Nifty components are currently trading above their 200-day moving average (DMA) - a key technical indicator to study long-term trend of a stock

Gold set for longest slump since March with ETF assets slipping

"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines

JPMorgan sees US economy contracting next year as Covid-19 surge hits biz

The world's largest economy is expected to shrink at a 1% annualized pace in the January-to-March period, JPMorgan said in its 2021 U.S. outlook issued Friday