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Bloomberg

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US unable to solve mystery of Covid-19 origin, shows declassified report

"When President Biden signed the Covid-19 Origin Act, he directed the intelligence community to use every tool at its disposal to investigate the origin of Covid-19," White House NSC spokesperson

US unable to solve mystery of Covid-19 origin, shows declassified report
Updated On : 24 Jun 2023 | 8:44 AM IST

Nvidia CEO Huang says chipmaker 'extremely likely' to invest in Europe

Nvidia's value has jumped as its graphics processors have become the most popular for data centers needed to power generative artificial intelligence

Nvidia CEO Huang says chipmaker 'extremely likely' to invest in Europe
Updated On : 24 Jun 2023 | 8:12 AM IST

Eli Lilly's Mounjaro gives positive results in obese diabetic people

Diabetes occurs when the body loses the ability to control blood sugar, and it's one of the world's most common serious diseases

Eli Lilly's Mounjaro gives positive results in obese diabetic people
Updated On : 24 Jun 2023 | 8:04 AM IST

Goldman starts cutting number of MDs across the globe amid deals slump

The moves are part of a deep cost-savings drive at the bank, which has seen at least three rounds of job cuts in less than a year

Goldman starts cutting number of MDs across the globe amid deals slump
Updated On : 24 Jun 2023 | 7:22 AM IST

Russia accuses Wagner Group chief Prigozhin of mounting an armed uprising

President Vladimir Putin was getting round-the-clock updates from security officials on their efforts to counter "the attempt at an armed mutiny" by Yevgeny Prigozhin

Russia accuses Wagner Group chief Prigozhin of mounting an armed uprising
Updated On : 24 Jun 2023 | 6:58 AM IST

Unwanted space: World's empty office buildings have become a debt time bomb

The number of transactions is plunging-and when deals do happen, the price declines are stark

Unwanted space: World's empty office buildings have become a debt time bomb
Updated On : 23 Jun 2023 | 10:38 PM IST

Consumer slowdown needed; risk of US recession down: Janet Yellen

"Inflation has really come down a lot - and there's more in the pipeline," Yellen predicted, partly due to an expected adjustment in the housing market

Consumer slowdown needed; risk of US recession down: Janet Yellen
Updated On : 23 Jun 2023 | 10:03 PM IST

Tiger Global Management falling short of $6 billion target for new fund

Last year was the firm's most tumultuous since its founding in 2001, but this year's surge in AI-related stocks has helped underpin a rebound for Tiger and other tech-focused hedge funds

Tiger Global Management falling short of $6 billion target for new fund
Updated On : 23 Jun 2023 | 9:48 PM IST

Adani stocks tumble on US inquiry concerns; group losses Rs 48k cr in m-cap

During the week, the Adani group lost $9 billion in market cap - most in nearly four months

Adani stocks tumble on US inquiry concerns; group losses Rs 48k cr in m-cap
Updated On : 23 Jun 2023 | 7:58 PM IST

India and UK regulators close to resolving clearing house impasse

The legal framework of India, as implemented by the RBI, provides for an effective equivalent system for the recognition of central counterparties authorised under other regimes of other countries

India and UK regulators close to resolving clearing house impasse
Updated On : 23 Jun 2023 | 1:03 PM IST

Tycoon Shapoor Mistry's firm set to sell India's biggest low-rated bond

The offering comes at a time when investors are turning bullish on India's credit market as a strong economy and improved corporate balance sheets have alleviated concerns

Tycoon Shapoor Mistry's firm set to sell India's biggest low-rated bond
Updated On : 23 Jun 2023 | 12:51 PM IST

El Nino's fierce heat carries new risk of resurgent deadly viruses

Mosquitoes that transmit such viruses flourish in the warmer weather that El Niño is set to bring to many parts of the world

El Nino's fierce heat carries new risk of resurgent deadly viruses
Updated On : 23 Jun 2023 | 12:36 PM IST

Reliance Jio in talks to raise about $1.6 billion for equipment from Nokia

Banks involved in the discussions with billionaire Mukesh Ambani's telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co., said the people

Reliance Jio in talks to raise about $1.6 billion for equipment from Nokia
Updated On : 23 Jun 2023 | 12:02 PM IST

AI threatens jobs but more than a quarter of workers still plan to quit

The study found that more than one in four (26%) unspecialised office workers, like administrative assistants, are looking to change jobs in the next 12 months, up from 19% a year ago

AI threatens jobs but more than a quarter of workers still plan to quit
Updated On : 23 Jun 2023 | 9:52 AM IST

Citi signals consequences for not complying with return to office norms

While the vast majority of staffers are following the firm's rules for hybrid work, the moves are focused on those employees with persistent, unexplained absences

Citi signals consequences for not complying with return to office norms
Updated On : 23 Jun 2023 | 9:36 AM IST

Five men lost on Titanic sub were bound by their love of exploration

Coming from different backgrounds, they converged in St. John's, Newfoundland, a Canadian city on the easternmost tip of North America, bound by a common dream of seeing the remains

Five men lost on Titanic sub were bound by their love of exploration
Updated On : 23 Jun 2023 | 9:32 AM IST

Musk's Twitter must bolster resources ahead of elections, warns EU

There are a few critical areas that Twitter needs to focus on immediately, especially around child abuse and controlling disinformation around elections, Breton said

Musk's Twitter must bolster resources ahead of elections, warns EU
Updated On : 23 Jun 2023 | 9:25 AM IST

Will not reach emissions goal with current technologies, says Tata Steel

India's second-largest steel producer is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030

Will not reach emissions goal with current technologies, says Tata Steel
Updated On : 23 Jun 2023 | 9:14 AM IST

Over 1.3 billion people globally to have diabetes by 2050, finds study

A loss of the body's ability to control blood sugar levels, diabetes affects one in 10 adults globally and caused 6.7 million deaths in 2021, the International Diabetes Federation estimates

Over 1.3 billion people globally to have diabetes by 2050, finds study
Updated On : 23 Jun 2023 | 7:56 AM IST

A hard lesson for Byju's Raveendran amid mass firings, delayed results

The former teacher from the southern state of Kerala got carried away. In 2015, just as a smartphone revolution was about to kick off in India, he launched a learning app

A hard lesson for Byju's Raveendran amid mass firings, delayed results
Updated On : 23 Jun 2023 | 7:42 AM IST