Page 710 - Bloomberg

K-shaped recovery in emerging markets makes rich richer amid Covid-19

The gulf may even get wider if the pandemic leads to deeper recessions in the most disadvantaged countries

Amazon plans to hire additional 7,000 for permanent jobs in UK this year

Amazon is looking for engineers, human resources and IT professionals, as well as finance and health and safety professionals and packing and shipment teams

Emmanuel Macron throws $118 billion lifeline for French economic relaunch

The plan, key for Macron's re-election in 2022, seeks to boost growth with lower tax on businesses

SoftBank Group eyes partners to bid for TikTok's assets in India

TikTok is considering selling its operations in several countries after local governments shut out the app, citing fears that sensitive user data was passing into the hands of China

Indian cotton group wrestles with US over whose forecasts are better

Cotton prices in India were down more than 20% from a year earlier during the summer, before partially recovering, owing to a slump in demand from millers in the country

Tanker loaded with 2 million barrels of oil catches fire off Sri Lanka

Sri Lanka Navy deployed two vessels for rescue operation, Indian Coast Guard diverted three ships and an aircraft, while clean tanker Helen M has also been pressed into assistance

Why Indo-Pacific countries will miss 'Abe Model' more than Japan

This was a prime minister who, for better or worse, seemed to see himself first of all as a convener of and evangelizer to the democracies of a "free and open" Indo-Pacific

Airlines are removing seats to make space for gadgets and seafood

The grounding of passenger planes at a time of increased demand for everything from medical supplies to iPhones has boosted freight rates

Ant Group's $30-billion IPO sets up Jack Ma for a battle with Tencent

China's two largest corporations Alibaba and Tencent are wrestling for online leadership in everything from social entertainment to e-commerce and cloud computing

How a 'Lone Wolf' tycoon created 68 millionaires with his water empire

Based on the HK$21.50 ($2.77) pricing, Zhong's 84% post-IPO stake in Nongfu is valued at $26 billion, putting his net worth at $38 billion

PLA aggression in Pangong resumes, Indian Special Forces launch a counter

Thousands of soldiers climbed up mountain peaks for about six hours to claim the vantage points along the south bank of Pangong Tso

Dating app Bumble preparing for $6 billion-plus IPO, says report

No plans have been finalized and the timing of Bumble's IPO could still change

Switzerland initiates probe against Credit Suisse over spying scandal

The move marks an escalation of regulatory involvement in the scandal, which has also seen probes by Swiss prosecutors

Saudi Arabia breaks 72-year taboo with green light to Israeli flights

Saudi approved a UAE request to use the kingdom's airspace "for all flights coming to the United Arab Emirates and leaving to all countries," a consequential, if oblique outreach to Israel

Virgin Atlantic gets court approval for $1.6-billion rescue plan

The deal comes at a cost to Branson, who injected £200 million of his own money into the company, raised through the sale of shares in Virgin Galactic Holdings

Covid-19 impact: Australian GDP falls most on record; recession confirmed

Gross domestic product plunged 7 per cent from the first three months of the year, the largest fall since records dating back to 1959

Oracle loses appeal in $10 billion Pentagon cloud-computing contract fight

Oracle argued that the Defense Department unfairly and unnecessarily tailored the minimum contract requirements for Amazon and Microsoft

Beijing will soon reach a milestone in nuclear weapons build-up: US

The development of a nuclear triad raises the long-term stakes in the complex relationship between Beijing and Washington

High-yield contest in new phase as Indonesia-India spread jumps

Indonesia's 10-year bond yield climbed three basis points on Wednesday to 6.89%, after India's slid 18 basis points the previous day to 5.94%

Unacademy began as co-founder's hobby; start-up is now a unicorn

Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.