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Bloomberg

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Surge in immigration to boost US GDP by $7 trn over decade, says CBO

The agency's estimates come amid a fierce political debate in Washington over the surge of migration at the US-Mexico border and what should be done to control it

Surge in immigration to boost US GDP by $7 trn over decade, says CBO
Updated On : 08 Feb 2024 | 7:58 AM IST

The Singapore banker who tried to be Gandalf is now running out of time

Trouble is, after more than 14 years leading DBS, the wizard of Asian banking is running out of time: Succession is on the horizon

The Singapore banker who tried to be Gandalf is now running out of time
Updated On : 08 Feb 2024 | 7:08 AM IST

India is scorning the energy bounty that helped to transform China

However, India is desperately short of domestic oilfields. Just 2.6 billion metric tonnes of its estimated 359 billion tonnes of carbon storage capacity is in petroleum reservoirs

India is scorning the energy bounty that helped to transform China
Updated On : 08 Feb 2024 | 6:55 AM IST

A year after Hindenburg report, Adani's fortune hits $100 billion again

The Indian mogul has regained much of his wealth after a short-seller attack sent it plunging in early 2023. On Wednesday, Adani's net worth climbed $2.7 billion to $100.7 billion

A year after Hindenburg report, Adani's fortune hits $100 billion again
Updated On : 08 Feb 2024 | 6:43 AM IST

India must realise that its true manufacturing rival is Vietnam, not China

If you tax inputs, you are taxing your outputs, Garcetti noted. "You are not taxing us, you are not protecting the market. What you are doing is limiting a market."

India must realise that its true manufacturing rival is Vietnam, not China
Updated On : 08 Feb 2024 | 6:34 AM IST

China replaces top securities regulator as Xi Jinping tries to end rout

The shift comes after Chinese authorities struggled to halt a selloff in the world's second-largest stock market with piecemeal support measures over the past few months

China replaces top securities regulator as Xi Jinping tries to end rout
Updated On : 08 Feb 2024 | 12:36 AM IST

Microsoft, Amazon-backed trade body CISPE in talks over EU dispute

A representative for Microsoft said the company continues 'to work constructively with CISPE to resolve concerns raised by European cloud providers'

Microsoft, Amazon-backed trade body CISPE in talks over EU dispute
Updated On : 08 Feb 2024 | 12:12 AM IST

No Israeli ties unless Gaza 'aggression' halted, says Saudi Arabia

Saudi Arabia has resumed talks with the US about forging closer defense ties after a pause following the start of the Israel-Hamas war, people familiar with the discussions said in late January

No Israeli ties unless Gaza 'aggression' halted, says Saudi Arabia
Updated On : 07 Feb 2024 | 11:54 PM IST

Uber bookings beat on robust demand for rides, delivery during holidays

Revenue increased 15% to $9.94 billion, ahead of estimates for $9.78 billion

Uber bookings beat on robust demand for rides, delivery during holidays
Updated On : 07 Feb 2024 | 11:43 PM IST

Nikki Haley loses Nevada primary to 'none of these candidates' option

No delegates were at stake and Haley didn't campaign in Nevada, contending the dynamics gave former President Donald Trump an advantage

Nikki Haley loses Nevada primary to 'none of these candidates' option
Updated On : 07 Feb 2024 | 11:40 PM IST

Govt eyes deal with EU countries that could draw $100 billion investment

If finalised, it would mark the first time an investment commitment of this nature is secured by India as part of a free trade agreement

Govt eyes deal with EU countries that could draw $100 billion investment
Updated On : 07 Feb 2024 | 10:53 PM IST

DBS cuts CEO Piyush Gupta's pay by $3 million on digital banking outage

DBS shares rose as much as 2.8%, the most in six weeks, out-pacing the city-state benchmark stock index

DBS cuts CEO Piyush Gupta's pay by $3 million on digital banking outage
Updated On : 07 Feb 2024 | 10:51 PM IST

FTC dings Microsoft over Activision Blizzard's 1,900 jobs cuts in court

The FTC said the layoffs show that the merger created areas of overlap and the court should have paused Microsoft's integration of the two companies while the agency completes its in-house trial

FTC dings Microsoft over Activision Blizzard's 1,900 jobs cuts in court
Updated On : 07 Feb 2024 | 9:58 PM IST

India considering to extend parboiled rice tax in risk to world supply

Any such move could add to the rally in benchmark Asian rice prices, which are hovering near a 15-year high after India began restricting sales of key varieties in 2023

India considering to extend parboiled rice tax in risk to world supply
Updated On : 07 Feb 2024 | 3:01 PM IST

Anger over Lionel Messi's behaviour grows in China before Japan game

Many commentators drew comparisons between Messi's behaviour in Hong Kong and his demeanor in Japan, where he is scheduled to play in a friendly on Wednesday evening.

Anger over Lionel Messi's behaviour grows in China before Japan game
Updated On : 07 Feb 2024 | 11:33 AM IST

ESPN, Fox and Warner Bros join to launch sports streaming service

The service will be one-third owned by each company. Pricing and a name for the service have yet to be determined. They expect to launch the new service by fall 2024, according to a statement Tuesday.

ESPN, Fox and Warner Bros join to launch sports streaming service
Updated On : 07 Feb 2024 | 7:51 AM IST

Elon Musk backs lawsuit against Walt Disney over 'Mandalorian' firing

Carano's lawsuit filed in federal court in Los Angeles claims Disney and Lucasfilm Ltd. violated California law in terminating her from the Star Wars spinoff in Feb 2021 due to her political views

Elon Musk backs lawsuit against Walt Disney over 'Mandalorian' firing
Updated On : 07 Feb 2024 | 7:40 AM IST

Apple defeats Khosla-backed AliveCor lawsuit over its smartwatch tech

Apple has said the meeting was like hundreds of others it has hosted with developers over the years, with no pretense of a partnership

Apple defeats Khosla-backed AliveCor lawsuit over its smartwatch tech
Updated On : 07 Feb 2024 | 7:26 AM IST

On the cusp of elections, Pakistan needs to get past 'lock him up' politics

The generals should also have learned by now - from Sharif's longevity, if nothing else - that you only further boost a Pakistani leader's career by trying to remove him or her from political process

On the cusp of elections, Pakistan needs to get past 'lock him up' politics
Updated On : 07 Feb 2024 | 7:14 AM IST

Boeing 737 in Alaska Air accident was missing four bolts, say US officials

Boeing said it will review the report and continue to cooperate with US investigators

Boeing 737 in Alaska Air accident was missing four bolts, say US officials
Updated On : 07 Feb 2024 | 7:03 AM IST