NEW DELHI: Courts should not grant ex-parte injunctions against publication of a news article barring in exceptional cases as it may have severe ramifications for the right to freedom of speech of the author and the public’s right to know, the Supreme Court has said.Setting aside a trial court’s order directing international media group Bloomberg … Read more
Former President Trump is now one of the wealthiest people in the world after his media company, Truth Social, completed a merger that will see it debut on the stock market. Trump joined Bloomberg’s list of the world’s 500 richest people on Monday after the deal that could net him up to $4 billion was … Read more
Bloomberg last week became the second major global firm to announce inclusion of Indian government securities in an emerging market bond index after JPMorgan Chase (Sept 2023). These moves are seen to boost dollar inflows into the country and bring down the rate of interest. Since these indices are widely followed by global bond fund … Read more
Home Business Diesel Supply From India To Europe Down By 90%, Adverse Impact On India’s Business And Supply Chain Shipping charges for cargo going from Asia to the European Union (EU) and Britain have increased. According to the data, only 1 shipment of diesel reached Britain in February. (Image: indiashippingnews.com) India’s Business, Supply Chain: Diesel … Read more
Mumbai: An advisory committee at Bloomberg Index Services Ltd has recommended inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index and a formal announcement of this is likely in the coming days, people aware of the development said. “Following the advisory committee’s favourable recommendation, the process now goes to the relevant … Read more
Hong Kong’s old-money families are feeling the chill of China’s downturn. An unprecedented four out of the five Hong Kong dynasties who rank among the 20 richest Asian clans have seen their fortunes erode over the past year, according to Bloomberg. The families — many of whom have substantial chunks of their riches in real … Read more
At a time when most companies are asking their employees to return to office full-time post-pandemic, Germany is all set to try a 4-day work week from February 1, 2024, for the next six months. Germany is currently struggling with a sluggish economy, a lack of skilled workers, and high inflation, as per reports. In … Read more
Nintendo fans have eagerly awaited the release of the next-generation Switch handheld gaming console, and their wait might finally be over this year. According to Bloomberg, citing Omdia, the new console will launch later this year and feature an 8-inch LCD screen. Hiroshi Hayase, a display specialist at Omdia, has made this prediction based on … Read more
HELSINKI: Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in 2023.Nokia and its Swedish rival Ericsson have launched cost-cutting programmes as their customers have reduced spending amid a slowing global economy.The Finnish firm reported a profit of … Read more
Mumbai: Bloomberg Index Services will start consultations for feedback on including Indian government bonds in the Bloomberg Emerging Market Local Currency Index, a move that could attract inflows worth around $2-$4 billion into the domestic bond market if investors were to respond favourably to the proposal. “Following client feedback received during the Bloomberg 2023 Fixed … Read more