nterGlobe Aviation, which operates no-frills carrier IndiGo, on Wednesday reported a bigger net loss of Rs 1,681 crore for the three months to March, higher by nearly 47% than the loss incurred by the airline in Q4FY21. The carrier was hit by elevated fuel costs, a weaker rupee and the Omicron wave. While fuel costs […]
Global prices of soyabean, sunflower oil and palm oil have moderated by around 2% to 4% since Indonesia lifted the ban on palm oil exports last week. According to the food ministry data, current prices of three varieties of edible oil — which constitute about 96% of India’s edible oil imports — are ruling around […]
In its bid to give a leg-up to the debt market and address the liquidity problem following the credit crisis that successively hit the market since 2018, the Securities and Exchange Board of India (Sebi) has taken a four-pronged approach. The regulator is working with players to allow market-making which is necessary to bring in […]
Bank of America Securities Head of Global Economics Ethan Harris says the half-point hikes supported in the minutes of the Federal Reserve’s May 3-4 meeting are the “bare minimum” required to reach the central bank’s inflation target. “That gets them at least within the neighborhood of neutral,” Harris says on “Bloomberg Markets: The Close.”
The gunman who massacred 19 children and two teachers at an elementary school in Texas had posted a warning on Facebook of what he was about to do, according to Texas Governor Gregg Abbott. He said Salvador Ramos said on Facebook that he shot his grandmother and then was going to shoot up a school. […]
Billionaire philanthropist George Soros spoke to reporters at a dinner on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, on May 24, 2022. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
Billionaire philanthropist George Soros warned that Russia’s invasion of Ukraine has rattled Europe and could be the start of another world war. He spoke at a dinner which took place on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, on May 24, 2022. ——– Follow Bloomberg for business news & analysis, up-to-the-minute […]
Beto O’Rourke, Democratic candidate for governor of Texas, interrupted a press conference held by Republican incumbent Greg Abbott a day after 21 people were killed in a mass shooting at an elementary school. As Abbott turned the microphone over to his lieutenant governor, O’Rourke approached the school stage. A back-and-forth ensued, with Senator Ted Cruz telling O’Rourke several […]
Investors were asked to vote today at Amazon’s AGM on whether the company should conduct an independent audit of warehouse workers wages and working conditions. Activist investor Tulipshare put forward the proposal following reports of high injury and employee turnover rates, serious injuries rates were reported about 80% more often amongst Amazon workers than other […]
The UK’s leading health and dental plan provider Simplyhealth, has announced it has invested in Ampersand, provider of digital therapies for inflammatory conditions. This collaboration will help accelerate the adoption of digital therapeutics in the UK, reducing outpatient appointments, improving health outcomes and cutting unplanned hospital visits for patients suffering with a broad range of […]