Bloomberg
Bloomberg
Page 317 - Bloomberg/reuters
Israel-Hamas war: Starbucks, Coke, McDonald's hit by Middle East boycotts
In Cairo, on a recent weekday, dozens of usually bustling Starbucks and McDonald's stores stood completely empty
 "Israel-Hamas war: Starbucks, Coke, McDonald's hit by Middle East boycotts")
Asian stocks drop after 6-day winning streak; Chinese shares decline
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
 "Asian stocks drop after 6-day winning streak; Chinese shares decline")
Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup
It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post
 "Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup")
Qatar's credit rating upgraded by Moody's to match France, UAE, overtake UK
The rating company also changed Qatar's outlook from positive to stable, meaning another upgrade is unlikely in the short term
 "Qatar's credit rating upgraded by Moody's to match France, UAE, overtake UK")
Chorus of Boeing critics mounts as airline CEOs call out planemaker
Alaska Air CEO Ben Minicucci echoed the sentiment, saying the carrier will "hold Boeing's feet to the fire to make sure we get good airplanes"
 "Chorus of Boeing critics mounts as airline CEOs call out planemaker")
As consumer credit grows, India's lending boom can be safer, if not slower
For lenders, however, the problem with adding new borrowers is the incremental cost
 "As consumer credit grows, India's lending boom can be safer, if not slower")
Red Sea crisis pushes costs of fuel tanker above $100,000 per day
The cost to ship refined products from the Middle East to Japan added another 3% to $101,000 a day on Thursday, according to data from the Baltic Exchange in London
 "Red Sea crisis pushes costs of fuel tanker above $100,000 per day")
Weather risk emerges on radar of insurance industry after $70 billion hit
The development is forcing the industry to rethink some of its risk assumptions amid a clear uptick in the number of thunderstorms across Europe
 "Weather risk emerges on radar of insurance industry after $70 billion hit")
Walt Disney's India unit market valuation halves in Reliance merger talks
After weeks of negotiations following a non-binding pact with Ambani's Reliance Industries Ltd. to merge their entertainment business
 "Walt Disney's India unit market valuation halves in Reliance merger talks")
China officials cut costs as Xi says 'belt-tightening rules here to stay'
The term xiguan is "foreseeing that the financial situation is unlikely to fundamentally improve for a considerable period in the future," said Lu Xi
 "China officials cut costs as Xi says 'belt-tightening rules here to stay'")
FAA orders Boeing to halt further Max production increases amid blowout
The US Federal Aviation Administration said it informed Boeing that the agency wouldn't allow any further output increases, according to a statement late Wednesday
 "FAA orders Boeing to halt further Max production increases amid blowout")
Malaysia's Khazanah in talks to lead Oyo's $400 million fund raise
The once-high-flying company, founded by Ritesh Agarwal, filed for an initial public offering for the second time in March, after slashing the target amount to be raised by about two-thirds
 "Malaysia's Khazanah in talks to lead Oyo's $400 million fund raise")
US GDP expands 3.3% in Dec quarter, capping unexpectedly strong year
Gross domestic product increased at a 3.3% annualized rate, according to the government's preliminary estimate out Thursday. For all of 2023, the economy expanded 2.5%
 "US GDP expands 3.3% in Dec quarter, capping unexpectedly strong year")
Brookfield planning $1.2 billion of debt to buy India assets: Reports
Investment firm Brookfield is betting on growth in India, whose economy is outpacing that of other large countries and where smartphone usage is increasing rapidly
 "Brookfield planning $1.2 billion of debt to buy India assets: Reports")
iPhone takes top spot in China for first time in 2023 despite challenges
The iPhone ranked first in shipments in the fourth quarter and 2023 overall, market tracker IDC said
 "iPhone takes top spot in China for first time in 2023 despite challenges")
A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant
While Sony's India head sought to rally the morale of his employees in a letter Wednesday, it was thin on details on how it plans to fend off rivals
 "A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant")
Foreign money to help PM Modi push near-record India sovereign bond sales
New Delhi will likely announce a gross borrowing of Rs 15.2 trillion ($183 billion) for the year starting April 1, marginally lower than the record Rs 15.43 trillion set for the current year
 "Foreign money to help PM Modi push near-record India sovereign bond sales")
Top investment banker pay sinks below $1 million in Asia as bonuses vanish
Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium
 "Top investment banker pay sinks below $1 million in Asia as bonuses vanish")
Boeing delivers 737 Max aircraft to China, ending five-year drought
A China Southern Airlines Co. Max took off from Boeing Field in Seattle Wednesday at 11:55 a.m. local time bound for Honolulu, according to tracking service FlightRadar24
 "Boeing delivers 737 Max aircraft to China, ending five-year drought")
Canada officially adds India to probe of election meddling amid tensions
The inquiry's commissioner is tasked with examining potential interference by China, Russia and other state and non-state actors during the 2019 and 2021 elections
 "Canada officially adds India to probe of election meddling amid tensions")