Page 582 - Bloomberg/undefined

Tesla pauses plants after ending shaky quarter with a production milestone

The Shanghai shutdown and struggles ramping up new plants contributed to Tesla shares plunging 38% in the three months that ended in June, a record quarterly drop

Natural gas soars 700%, becoming driving force in the new cold war

In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around

Tussle over $5 billion in wages is new risk to India's coal supply

Workers are seeking a 47 per cent increase in wages - having earlier demanded a 50 per cent hike - while Coal India has offered a 3 per cent raise

Syngenta to K Bank: 7 of Asia's biggest IPOs to watch for in second half

Syngenta could seek to raise 65 billion yuan ($9.7 billion) on the Nasdaq-style Star Board

Russia tycoon Vladimir Potanin agrees to Nornickel-Rusal merger talks

Potanin has headed Nornickel since striking a 2012 shareholder accord with aluminum producer Rusal, the company's second-largest investor

Oil plummets below $100 per barrel as recession risks come to forefront

Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation

Copper sinks to 17-month low as recession fears dominate trade

Copper, widely considered an economic bellwether, is trading solidly below $8,000 a ton, after metals posted their worst quarterly slump

Sequoia China raises $9 bn as investors flock to big funds

The firm raised the money from pensions, endowment funds and family offices from the US, Europe, the Middle East and Southeast Asia

Oxford University shifts focus to health threat triggering future pandemics

Oxford said the organization will seek to learn from the response to Covid and take advantage of the university's research and global partnerships

Trading dries up on Indian crypto exchanges as new transaction tax kicks in

Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.

Many major economies to hit recession in CY23, says Nomura Holdings

The brokerage expects the euro zone, the UK, Japan, South Korea, Australia and Canada to fall into recession along with the US

Bruised emerging markets are battle-ready for a recession in US

This time, the selloff in emerging markets began in the first quarter of 2021, a full year before it started in developed markets

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel

Asian stocks outside China see greater outflow than previous market crises

Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterised by systemic stresses since 2007

Biden close to rollback of Chinese tariffs to fight inflation: Report

It would mark US President's first major policy step on trade ties between the world's two biggest economic powers

World energy crisis would be even worse without China's rainy season

Hydro is still China's biggest carbon-free energy resource, accounting for about as much power as solar, wind and nuclear combined, although growth has flattened as topography limits expansion

Germany's union warns of collapse of industries due to cuts in Russian gas

Warning of a potential total breakdown of Russian gas supplies, Germany's top power grid regulator called for greater efforts to save energy

Jeff Bezos lashes out at Joe Biden over call for lowering of gas prices

The Amazon.com Inc founder was responding to Biden's criticism of companies running gas stations and setting prices for consumers

Blockbuster Indian Director Rajamouli wants to make movies that go global

A power shift is under way in India's $24 billion media and entertainment sector, with filmmakers in the country's south churning out a string of action-packed crowd pleasers

Euro-zone inflation hits record 8.6%, boosting case for big hikes

Driven once more by soaring food and energy costs, consumer prices jumped 8.6 per cent from a year earlier in June - up from 8.1 per cent in May