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Bloomberg News

Bloomberg News

Bloomberg News

Fed-favored inflation gauge rises by les than forecast, spending moderates

Excluding food and energy, the Fed's preferred inflation gauge - the personal consumption expenditures price index - rose 0.3% in February after the prior month was revised down slightly

Fed-favored inflation gauge rises by les than forecast, spending moderates
Updated On : 31 Mar 2023 | 7:10 PM IST

Ageing shadow fleet carrying Russian oil poses disaster risk: Report

The aftermath of European Union sanctions on Russia mean that the Turba has been enlisted into a vast shadow fleet carrying Moscow's oil around the globe

Ageing shadow fleet carrying Russian oil poses disaster risk: Report
Updated On : 26 Mar 2023 | 10:22 PM IST

Baidu showcases China's answer to ChatGPT to lead transformative technology

The Beijing-based company is leading a race with the likes of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to create a next-generation platform for the world's largest internet market

Baidu showcases China's answer to ChatGPT to lead transformative technology
Updated On : 16 Mar 2023 | 10:51 AM IST

Adani's $108 billion crisis shakes foreign investors' faith in India

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

Adani's $108 billion crisis shakes foreign investors' faith in India
Updated On : 03 Feb 2023 | 8:13 AM IST

Xi Jinping says China's Covid-19 fight in new stage, faces tough tasks

Xi said the current outbreak has been 'fierce' and China still faced tough tasks, state broadcaster China Central Television reported late Wednesday

Xi Jinping says China's Covid-19 fight in new stage, faces tough tasks
Updated On : 19 Jan 2023 | 11:55 PM IST

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge

Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on the price of Paxlovid

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge
Updated On : 09 Jan 2023 | 3:44 PM IST

Diaspora set to rush home as China dismantles Covid Zero, opens borders

The reopening of China's borders marks the end of Covid Zero, a strategy that left it isolated for three years and weighed heavily on its economy

Diaspora set to rush home as China dismantles Covid Zero, opens borders
Updated On : 08 Jan 2023 | 1:11 PM IST