ASIA
- ECONOMY
SoftBank Leads $450 Million Round by Used-Vehicle Site Cars24
(Bloomberg) — Cars24 Services Pvt. is raising $450 million in equity and debt from SoftBank Group Corp. and other investors,…
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Singapore Cases Hit 2021 High; U.N. Vaccine Debate: Virus Update
Covid-19 and the uneven global distribution of vaccines take center stage at a scaled-back United Nations General Assembly in New…
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Can the World’s Most Painful Telecom Market Reform?
(Bloomberg Opinion) — Just as Vodafone Idea Ltd. was about to drown under the weight of its $30 billion debt,…
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Why is Hong Kong Doubling Down on its Covid Zero Strategy?
(Bloomberg Opinion) — As the world begins to come to terms with Covid-19 becoming endemic, Hong Kong has chosen to…
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Fauci Sees More U.S. Boosters; UN Debates Vaccines: Virus Update
Covid-19, and the uneven global distribution of vaccines, move to the center of a scaled-back United Nations General Assembly that…
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California Has Lowest Covid Rate; Singapore Surges: Virus Update
Governor Gavin Newsom, who survived a recall election partly on his handling of the pandemic, tweeted on Saturday that California…
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Stymied Bond Bears See Spark for Higher Yields in Pivotal Week
(Bloomberg) — Bond bears, long frustrated by stubbornly low Treasury yields, are girding for a make-or-break week as the Federal…
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Terrorists Didn’t Change the World, We Did
(Bloomberg Opinion) — The world changed on 9/11 — this sentiment was expressed again during the recent commemorations of the…
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U.S. Booster Plan Scaled Back; U.K Eases Travel: Virus Update
The Covid-19 vaccine booster shot proposed by Pfizer Inc. and BioNTech SE should be given to older Americans and those…
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This Port Logjam Has Enough Containers to Cross Half the U.S.
(Bloomberg) — The number of container ships waiting to enter the biggest U.S. gateway for trade with Asia reached an…
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Paris Is Shocked–Shocked!–Its Submarine Deal Fell Apart
(Bloomberg Opinion) — Never mind the howls of outrage from Paris or the indignation of Beijing. Australia’s scuttling of a…
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Biden to Convene Virtual Summit to Jump Start Climate Ambitions
(Bloomberg) — President Joe Biden will host a virtual discussion of climate change with world leaders Friday as he tries…
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Australia to Trial Home Quarantine, Eases Lockdown: Virus Update
Australia’s most-populous state, New South Wales, will trial home quarantine for people returning from overseas if they are fully vaccinated,…
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Biden’s Booster Drive Faces Test; NYC Is Ready: Virus Update
President Joe Biden’s push to begin offering third doses of Pfizer Inc.’s vaccine faces the first of two crucial tests…
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Amazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove
(Bloomberg) — Amazon.com Inc., Microsoft Corp. and Cisco Systems Inc. are among technology giants lining up to harness data from…
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China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash
(Bloomberg) — Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises…
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Methane Plumes Spotted Near Central Asia Pipes to China, Russia
(Bloomberg) — Powerful plumes of the super-potent greenhouse gas methane were detected by satellite late last month in Turkmenistan, near…
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Indonesia Allows Visitor Visa While Requiring Vaccine Passports
(Bloomberg) — Indonesia is allowing foreigners holding more types of visas, including visitor permits for tourism and education, to enter…
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India’s Modi Gets a Three-Week Birthday Bash as Popularity Dips
(Bloomberg) — India’s Narendra Modi is having a difficult year. The economy is struggling after a brutal second wave of…
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The Country Where the Banks Ran Out of Money
(Bloomberg Opinion) — After 13 months of foundering under caretaker prime ministers, Lebanon finally has a government. That is very good news…
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Blue-Collar Worker App Becomes a Unicorn in Under Two Years
(Bloomberg) — Apna, a digital hiring startup in India that connects millions of blue-collar workers to employers, reached a valuation…
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Pfizer, Moderna Tout Boosters; Singapore Outbreak: Virus Update
(Bloomberg) — Booster shots are in the spotlight, as a highly anticipated study in Israel showed a third Pfizer Inc.…
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Flying-Taxi Hubs Planned for 65 Cities Spanning London to LA
(Bloomberg) — A network of flying-taxi hubs is planned for 65 cities in a tie-up between infrastructure firm Urban-Air Port…
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Prenetics to Merge With Adrian Cheng SPAC in $1.25 Billion Deal
(Bloomberg) — Hong Kong Covid-19 testing laboratory Prenetics Ltd. has agreed to merge with billionaire Adrian Cheng’s U.S.-listed blank-check company…
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The Genius of Abenomics Emerged Long After Abe
(Bloomberg Opinion) — And the winner of the Japanese leadership contest is… Shinzo Abe. Political expediency and the economics of the…
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Booster Slashes Israel Cases; Fed’s Shot Mandate: Virus Update
(Bloomberg) — Pfizer and Moderna Inc. pushed for boosters, saying separately the immunity offered by their Covid-19 vaccines may wane…
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HBCUs Slam Restricted Gifts That Dominate Despite Scott, Google
(Bloomberg) — Historically Black colleges and universities have long been saddled with corporate donations with overly specific conditions, Prairie View A&M…
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Border Blockades Spark Australia’s Biggest Crisis in 120 Years
(Bloomberg Businessweek) — The coronavirus pandemic is creating perhaps the biggest crisis for Australia’s federal system since 1901, when six…
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Blue-Collar Employment App Becomes a Unicorn in Just 15 Months
(Bloomberg) — Apna, a digital hiring startup in India that connects millions of blue-collar workers to employers, reached a valuation…
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Peter Thiel Gamed Silicon Valley, Donald Trump, and Democracy to Make Billions, Tax-Free
(Bloomberg Businessweek) — The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the…
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If You Haven’t Booked Holiday Travel Yet, You’re Already Late
(Bloomberg) — Christmas is only 102 days away. And if 2021 hasn’t quite been the year most people hoped for, with…
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Sri Lanka Central Bank Preparing Economic Stability Roadmap
(Bloomberg) — Sri Lanka’s new central bank governor said he will soon unveil a roadmap to ensure economic and financial…
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Seoul Doesn’t Have Beijing’s Crackdown Muscle
(Bloomberg Opinion) — South Korea’s latest actions against foreign internet giants and local upstarts are drawing parallels with recent crackdowns…
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Why the Delta Variant Is Giving More Children Covid
(Bloomberg) — Covid-19 cases among children are surging across the world amid delta-fueled outbreaks, spurring hospitalizations and raising concern about…
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Gaming-Contest App Becomes Unicorn After Lockdowns Drive Growth
(Bloomberg) — Mobile Premier League became India’s second gaming unicorn, raising funds at a $2.3 billion valuation after the pandemic…
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Singapore Cases Jump; N.Y. Vaccine Orders Blocked: Virus Update
(Bloomberg) — China advised against international travel over the autumn holidays because of coronavirus outbreaks overseas and fewer flights. Singapore…
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China Governments to Rescue Soccer Teams as Evergrande Flails
(Bloomberg) — China plans to reform its professional soccer league, with some local governments preparing to step in to insulate…
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China Warns on Overseas Travel; India Shot Exports: Virus Update
(Bloomberg) — China advised against international travel over the autumn holidays because of coronavirus outbreaks overseas and fewer flights. Singapore…
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Thousands of Covid-Like Infections Show Risk of Next Pandemic
(Bloomberg) — Hundreds of thousands of people may be infected annually by animals carrying coronaviruses related to the one that…
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Global Debt Hits Record $296 Trillion as World Lockdowns Ease
(Bloomberg) — Global debt loads surged during the second quarter as households seized on low mortgage rates and governments continued…
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Blackstone, Fortress Bidding for MBK’s Japan Golf Assets
(Bloomberg) — Blackstone Inc. and Fortress Investment Group LLC are bidding to acquire Japanese golf-related assets from MBK Partners Ltd.…
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China Locks Down City of 4.5 Million as Delta Surges Again
(Bloomberg) — China locked down a city of 4.5 million people in the southeastern province of Fujian after detecting a…
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Racist Emojis Are the Latest Test for Facebook, Twitter Moderators
(Bloomberg Businessweek) — In a soccer game in Liverpool’s Goodison Park in 1988, player John Barnes stepped away from his…
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Syngenta, Chevron Could Face Billions in Claims Over Weed Killer
(Bloomberg) — Yet another popular weed killer used by American farmers for decades is becoming a costly liability for the…
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Many Prominent Afghan Female Leaders Have Fled or Are Now Hiding
(Bloomberg) — Even as the Taliban seek to assure the world they’ve become more moderate, most of Afghanistan’s top female…
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BOE Rates Panel Could Take Hawkish Tilt This Month, HSBC Says
(Bloomberg) — A majority of Bank of England policy makers may now believe that the minimum criteria for tighter monetary…
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Men Need Not Apply to World’s Largest E-Scooter Factory
(Bloomberg) — Ola Electric Mobility Pvt’s new electric-scooter factory aims to build 10 million two-wheelers annually, or 15% of the…
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Aluminum Powers Toward $3,000 as Supply Snarl Supercharges Rally
(Bloomberg) — Aluminum powered toward $3,000 a ton amid expectations that supply disruptions are here to stay, while demand keeps…
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Israel Eyes Fourth Dose; U.K. Drops Vaccine Passes: Virus Update
(Bloomberg) — President Joe Biden will announce his next steps to boost the global vaccine supply before this year’s United…
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Biden Courts Businesses; Moscow Cases Jump: Virus Update
President Joe Biden’s Department of Labor officials met with business lobbying groups and leaders on Friday in an effort to…
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