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Bloomberg

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Battered WTO on the verge of 'dead end' heading into final day of talks

India reiterated Commerce Minister Piyush Goyal's view that any WTO vaccine agreement must also waive IP rights for Covid-19 diagnostic tests and therapeutic drugs, according to the readout

Battered WTO on the verge of 'dead end' heading into final day of talks
Updated On : 16 Jun 2022 | 6:51 AM IST

Will Buffett-backed BYD beat Tesla to become largest EV manufacturer?

BYD has upped its game over the past two years with a range of EVs and higher-technology lithium iron phosphate batteries, allowing it to grab global market share

Will Buffett-backed BYD beat Tesla to become largest EV manufacturer?
Updated On : 16 Jun 2022 | 6:51 AM IST

Apple's market valuation: Forget $3 trn, now even $2 trn looks shaky

After briefly surpassing $3 trillion in January, the iPhone maker has lost more than $800 billion in capitalization as tech stocks plunged

Apple's market valuation: Forget $3 trn, now even $2 trn looks shaky
Updated On : 16 Jun 2022 | 3:50 AM IST

S. Korean pop band BTS triggers $1.7-bn stock rout on shift to solos

Hybe sank as much as 28% on Wednesday in Seoul, touching its lowest level on record since its trading debut in October 2020 and wiping out as much as $1.7 billion in market value

S. Korean pop band BTS triggers $1.7-bn stock rout on shift to solos
Updated On : 16 Jun 2022 | 2:39 AM IST

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory

Bitcoin plunged more than 15% Monday and another 5.4% Tuesday, part of a broader crypto selloff fueled by higher than forecast US inflation

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory
Updated On : 16 Jun 2022 | 2:38 AM IST

Edtech unicorn Upgrad doubles valuation with $225-mn funding round

India's UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch's Lupa Systems LLC

Edtech unicorn Upgrad doubles valuation with $225-mn funding round
Updated On : 16 Jun 2022 | 2:02 AM IST

Elon Musk tweets he leans toward Ron DeSantis for President in 2024

DeSantis has staked out a claim as the GOP's heir apparent to Donald Trump, occasionally taking even more conservative positions than the former president

Elon Musk tweets he leans toward Ron DeSantis for President in 2024
Updated On : 15 Jun 2022 | 11:45 PM IST

Amazon's new India chief pulled plug on cricket, not the country

Amazon pulled the plug before the IPL auction started and decided those billions would be better spent on Amazon's e-commerce business

Amazon's new India chief pulled plug on cricket, not the country
Updated On : 15 Jun 2022 | 7:25 PM IST

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k

A market that started sliding late last year on expectations of tighter monetary policy is now showing signs of widespread panic

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k
Updated On : 15 Jun 2022 | 5:37 PM IST

Disney Plus could lose 20 mn subscribers after ceding IPL streaming rights

About 50 million, more than one-third, of the worldwide subscribers come from Disney+ Hotstar, a product offered in India and other South Asian nations, and cricket has a been a big driver of that

Disney Plus could lose 20 mn subscribers after ceding IPL streaming rights
Updated On : 15 Jun 2022 | 4:23 PM IST

Investors become increasingly sceptical of ESG amid Goldman investigation

Retail investors are slowly starting to look under the hood of the $40 trillion environmental, social and governance industry that's increasingly steering their savings

Investors become increasingly sceptical of ESG amid Goldman investigation
Updated On : 15 Jun 2022 | 1:24 PM IST

Some people are more decisive but do they make better decisions? Not really

It turns out that indecisive people don't make worse decisions. In fact, the art of making good choices is as much about how we make them

Some people are more decisive but do they make better decisions? Not really
Updated On : 15 Jun 2022 | 12:46 PM IST

Amid Ukraine's invasion, Putin prepares to declare himself a conqueror

More than three months into the so-called "special military operation," the Kremlin has made no official announcement about how it sees the future of the territories it has grabbed

Amid Ukraine's invasion, Putin prepares to declare himself a conqueror
Updated On : 15 Jun 2022 | 12:12 PM IST

China's economy shows mixed recovery in May with consumers under strain

The recovery of China's industrial output was helped by a rebound in the car sector as auto production centers like Jilin and Shanghai reopened

China's economy shows mixed recovery in May with consumers under strain
Updated On : 15 Jun 2022 | 12:10 PM IST

Putin might have started food fight but rest of the world can still win

Ukraine's Black Sea ports are blocked by mines to protect the shoreline from attack by Russia's navy, which is also bottling up shipments

Putin might have started food fight but rest of the world can still win
Updated On : 15 Jun 2022 | 12:06 PM IST

China says telescope may have picked up signals from alien civilisations

Sky Eye -- the world's largest radio telescope -- detected narrow-band electromagnetic signals, which may have been signs of alien civilisations

China says telescope may have picked up signals from alien civilisations
Updated On : 15 Jun 2022 | 10:42 AM IST

BTS announces shift to solo work, leading to a $1.7 bn rout in the market

Bangtan Boys, more commonly called BTS, made the announcement to pursue solo projects in a video posted on YouTube, which has already got more than 10 million views.

BTS announces shift to solo work, leading to a $1.7 bn rout in the market
Updated On : 15 Jun 2022 | 10:41 AM IST

World's central banks got it wrong on inflation and economies pay the price

ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled

World's central banks got it wrong on inflation and economies pay the price
Updated On : 15 Jun 2022 | 8:14 AM IST

Hopes for grand redemption of WTO fade as India sticks to fishing demands

Piyush Goyal told a meeting of delegates Tuesday that it would not bend on demands for extensive exceptions on a 20-year negotiation to curb harmful government fishery subsidies

Hopes for grand redemption of WTO fade as India sticks to fishing demands
Updated On : 15 Jun 2022 | 8:00 AM IST

Rewritten schoolbooks say Hong Kong was never British colony: Report

The four sets of textbooks for a class on citizenship say the Chinese government never recognized the 19th-century treaties that handed Britain control of Hong Kong

Rewritten schoolbooks say Hong Kong was never British colony: Report
Updated On : 15 Jun 2022 | 2:52 AM IST