Bloomberg
Bloomberg
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JPMorgan to closely monitor Indian bond liquidity after investor curbs
The South Asian nation surprised investors by imposing restrictions on sales of new securities with those tenors this week, just a month after it was included in JPMorgan's flagship gauge
 "JPMorgan to closely monitor Indian bond liquidity after investor curbs")
Joe Biden tells Netanyahu to accept cease-fire in 'very direct' call
Iran and Hezbollah have vowed revenge against Israel, with Tehran ordering its security forces to assess options for attacking the Jewish state
 "Joe Biden tells Netanyahu to accept cease-fire in 'very direct' call")
Nike bets on Olympics marketing spending to revive slumping sales
It's all hands on deck after Nike's shares had their worst day on record in June, when management told investors revenue is expected to decline this fiscal year
 "Nike bets on Olympics marketing spending to revive slumping sales")
China's plan to introduce digital ID system stokes fears of govt overreach
Some legal experts and users in the world's largest internet market have openly doubted the efforts' stated goal of protecting privacy
 "China's plan to introduce digital ID system stokes fears of govt overreach")
Samsung chips boss Young-hyun warns of vicious cycle unless changes made
The executive's communique reflects frustration over Samsung's missteps in the hot new market of supplying memory chips for Nvidia Corp
 "Samsung chips boss Young-hyun warns of vicious cycle unless changes made")
Meta reports better-than-expected sales in Q2, shares jump by 10%
Meta has been using AI to improve the way its advertisers can find interested users, adding efficiency to its most lucrative business
 "Meta reports better-than-expected sales in Q2, shares jump by 10%")
Crops expected to get higher rainfall over remainder of Monsoon season
Showers in July were 9 per cent above average at 305.8 millimeters
 "Crops expected to get higher rainfall over remainder of Monsoon season")
Steel exports from China making business unsustainable: ArcelorMittal
Steel consumption in China could even contract, according to ArcelorMittal, which lowered its 2024 forecast to a range of -1 per cent to +1 per cent
 "Steel exports from China making business unsustainable: ArcelorMittal")
Byju's ex-director fined $10,000 per day over missing $533 million
The missing cash belongs to a bankrupt shell company, Byju's Alpha Inc., which is affiliated with Think & Learn and was taken over by the lenders after their loan defaulted
 "Byju's ex-director fined $10,000 per day over missing $533 million")
Why Indian banks need to be extra nice to their less tech-savvy customers
Out of 820 million active internet users last year, 370 million used the web for digital banking
 "Why Indian banks need to be extra nice to their less tech-savvy customers")
Trump questions Kamala Harris' embrace of black identity at NABJ event
Trump responded to a question about GOP attacks casting Harris as a DEI hire, referring to diversity, equity and inclusion
 "Trump questions Kamala Harris' embrace of black identity at NABJ event")
US FOMC holds rates steady at 5.25% to 5.5%, signals 1st cut nearer
Officials also tempered their assessment of the labor market, noting job gains had moderated and the unemployment rate has moved up, but is still low
 "US FOMC holds rates steady at 5.25% to 5.5%, signals 1st cut nearer")
Akasa eyes flights to Asia tourist hotspots as overseas travel demand rises
The Mumbai-based budget carrier is gearing up to start flights to Kathmandu in Nepal and Bangladesh's capital Dhaka
 "Akasa eyes flights to Asia tourist hotspots as overseas travel demand rises")
Microsoft's Azure posts slowdown in growth, testing investors' patience
The company's Xbox video-gaming unit posted 61 per cent growth in content and services revenue, much of that fueled by the $69 billion purchase of Activision Blizzard, which was completed in October
 "Microsoft's Azure posts slowdown in growth, testing investors' patience")
Uber partners with BYD to put its drivers into Chinese firm's 100,000 EVs
The pairing up cuts against increasing tensions between Washington, Beijing over future of automotive industry as China has lead in batteries and EV supply chain, and US has tried to push against it
 "Uber partners with BYD to put its drivers into Chinese firm's 100,000 EVs")
Adani Energy share sale receives three-fold bids as buyers pile in
Indian and international institutions have oversubscribed to Adani Energy Solutions Ltd.'s $1 billion share sale
 "Adani Energy share sale receives three-fold bids as buyers pile in")
India, Canada meet as more arrests may point to another Sikh murder plot
Intelligence chiefs from India and Canada have recently met to share evidence, said people familiar with the matter
 "India, Canada meet as more arrests may point to another Sikh murder plot")
Here's why Honda is losing the electric two-wheeler race in Indian market
Honda has laid out ambitious plans, but it has been far too slow on the execution. By 2030, it wants to have 30 electric motorbikes on the road and be selling 4 million models worldwide a year
 "Here's why Honda is losing the electric two-wheeler race in Indian market")
Intel to cut thousands of jobs to reduce costs, layoffs to begin this week
Intel, which is scheduled to report second-quarter earnings Thursday, has about 110,000 employees, excluding workers at units that are being spun out
 "Intel to cut thousands of jobs to reduce costs, layoffs to begin this week")
Scientists rely on reanalysis method to know when world has its hottest day
This reanalysis goes back to 1940, and it allows researchers to say with confidence when a record is broken, whether for a day, month or year
 "Scientists rely on reanalysis method to know when world has its hottest day")
