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Bloomberg

Bloomberg

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Taylor Swift draws five times as many US luxury travelers as Olympics

Now, Swift fever is reaching Europe, where many cities-including Paris-maintain limitations on ticket resales, preventing prices from reaching the five-digit sums that some consumers have paid in US

Taylor Swift draws five times as many US luxury travelers as Olympics
Updated On : 07 May 2024 | 11:01 PM IST

Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden

Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value

Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden
Updated On : 07 May 2024 | 10:35 PM IST

Thailand extends visa waiver plan for Indian, Taiwanese tourists for 6 mths

The temporary extension follows the success of the initial waiver in November last year. Indian and Taiwanese tourists are normally eligible to stay in Thailand for 15 days under a visa-on-arrival

Thailand extends visa waiver plan for Indian, Taiwanese tourists for 6 mths
Updated On : 07 May 2024 | 2:46 PM IST

Help us avoid a 'new Cold War': China's Xi Jinping to France's Macron

Xi is in Paris on a state visit before heading to Serbia and Hungary in his first trip to the bloc in five years

Help us avoid a 'new Cold War': China's Xi Jinping to France's Macron
Updated On : 07 May 2024 | 10:34 AM IST

Apple working on homegrown chips to run AI tools for data centers

Apple has been playing catch-up with its tech peers in generative AI, the technology underpinning chatbots and other popular new tools

Apple working on homegrown chips to run AI tools for data centers
Updated On : 07 May 2024 | 10:14 AM IST

Cerberus eyes private debt growth in India as shadow banks retreat

India is fast emerging as a big market for private credit activity, as global firms deploy billions, lured by the fastest-growing major economy

Cerberus eyes private debt growth in India as shadow banks retreat
Updated On : 07 May 2024 | 7:13 AM IST

Putin starts new term as President, faces little opposition to Ukraine war

As Putin prepares to be sworn in on Tuesday for another six years as president, the invasion has become part of everyday life for many Russians

Putin starts new term as President, faces little opposition to Ukraine war
Updated On : 07 May 2024 | 6:49 AM IST

At $2 million per minute, US Treasuries mint cash like never before

The numbers tell the story. Last year, investors pocketed nearly $900 billion in annual interest from US government debt, double the average over the previous decade

At $2 million per minute, US Treasuries mint cash like never before
Updated On : 06 May 2024 | 10:25 PM IST

Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit

The conglomerate is regaining the confidence of investors since being targeted early last year by US short seller Hindenburg Research

Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit
Updated On : 06 May 2024 | 10:23 PM IST

Biden, Netanyahu speak as Israeli military tells Gaza people to leave Rafah

The two leaders also discussed efforts to combat antisemitism and mark Holocaust Remembrance Day. The leaders spoke for about 30 minutes, according to an Israeli official

Biden, Netanyahu speak as Israeli military tells Gaza people to leave Rafah
Updated On : 06 May 2024 | 10:08 PM IST

RBI to make digital currency available offline, says Governor Das

India is one of the few economies to experiment with a digital currency backed by a central bank, even as developed nations tread cautiously

RBI to make digital currency available offline, says Governor Das
Updated On : 06 May 2024 | 7:31 PM IST

Govt scraps pulses import tax to curb food inflation amid LS election

The move is likely to shield Indian consumers from rising prices, but could discourage local farmers to boost plantings of the crops

Govt scraps pulses import tax to curb food inflation amid LS election
Updated On : 06 May 2024 | 7:25 PM IST

Bond buyback signals RBI's easing stance, may switch to neutral, says Citi

While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt spending could tighten liquidity

Bond buyback signals RBI's easing stance, may switch to neutral, says Citi
Updated On : 06 May 2024 | 1:07 PM IST

KKR to acquire Bengaluru-based medical device maker Healthium from Apax

The investment will be made through KKR's Asian Fund IV, according to Monday's statement, which didn't disclose financial details

KKR to acquire Bengaluru-based medical device maker Healthium from Apax
Updated On : 06 May 2024 | 12:49 PM IST

Global housing shortages hinder immigration-driven growth across world

For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates

Global housing shortages hinder immigration-driven growth across world
Updated On : 06 May 2024 | 12:06 PM IST

AI's capacity to damage democracy, elections may be hard to detect

Meta's WhatsApp makes it possible to scale communication thanks to its 'Channels' feature, which can broadcast to thousands

AI's capacity to damage democracy, elections may be hard to detect
Updated On : 06 May 2024 | 10:39 AM IST

Bank of England's rate cut plan set to differ from Federal Reserve's

Ahead of Thursday's decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to strong evidence of UK inflation receding

Bank of England's rate cut plan set to differ from Federal Reserve's
Updated On : 05 May 2024 | 10:16 PM IST

Janet Yellen counsels caution on currency intervention after yen surge

"I'm not going to comment on whether they did or didn't intervene," Yellen told reporters Saturday following a speech in Mesa, Arizona. "I think that that's a rumor."

Janet Yellen counsels caution on currency intervention after yen surge
Updated On : 05 May 2024 | 10:15 PM IST

A post-Buffett Berkshire Hathaway is Omaha's focus after Munger's passing

With the billionaire investor turning 94 this year and Munger's death in November, succession at Berkshire has become an increasingly pressing matter for shareholders

A post-Buffett Berkshire Hathaway is Omaha's focus after Munger's passing
Updated On : 05 May 2024 | 8:00 AM IST

Here's how Western sanctions are strangling Russia's Arctic gas ambitions

Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions

Here's how Western sanctions are strangling Russia's Arctic gas ambitions
Updated On : 05 May 2024 | 7:18 AM IST