Page 17 - Bloomberg

Refining troubles: Huge sanctions looming for fuel that powers the world

India's role in supplying Europe is notable because it has become one of the biggest buyers of discounted Russian crude since the war broke out

Chinese govt pledges crackdown aimed at cooling surging iron ore prices

Authorities in China are also seeking to bolster their influence over iron ore pricing in the longer term by consolidating purchases on behalf of about 20 of the country's largest steelmakers

Nearly all of Beijing's 22 mn population to get Covid by January-end: Study

About 92% of the people in China's capital will have contracted Covid by the end of January, while 76% had already been infected by December 22, according to the study

Chinese government entities to take golden shares in Alibaba, Tencent

The discussions are emerging as Beijing prepares to loosen its grip on the sector and move past a bruising crackdown that's enveloped most every internet sphere for well over a year

China's exports slump 9.9% in December as global demand continues to drop

Export growth was robust for most of 2022, providing some support for the world's second-largest economy as it was hit by a housing market slump and weak consumer demand

Coronavirus wave could continue for three months, warns China CDC veteran

The spread of the virus through rural areas is set to amplify the information vacuum within China that's sparked fears the true impact of the outbreak isn't been revealed

US inflation cools again to 6.5%, gives Fed room to downshift on rates

The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier

Why did the world's biggest ship choose to skip Indian ports completely?

Poor shipping connectivity has hindered India's integration into the global value chain, according to a RBI report in 2022. The country scored 34% in the GVC participation index

China's population likely declined last year as births hit new low

The government's official data for total number of births in 2022 - expected to be released next week - will probably show a record low of 10 million, according to independent demographer He Yafu

Microsoft betting $10 billion on viral AI bot ChatGPT, says report

ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week

Rolls-Royce heralds 'momentous year' as sales exceed 6,000 for first time

A 'single-digit' drop in sales was recorded in China due to 'ongoing headwinds' but this was "successfully counterbalanced by increased sales in other markets" said the car maker

Manchester United, Liverpool may be buyout targets for Qatar fund

Manchester United shares have been on a strong run since last July when they were trading at only $10.41. They closed yesterday at $23.11

Amazon plans to shut three UK warehouses; 1.2K likely to lose jobs

Amazon is adjusting to a slowdown in online shopping after consumers resumed their pre-pandemic retail habits

World Bank cuts 2023 economic growth forecasts, warns of global recession

Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations

Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman

The government aims to shrink the gap to below 4.5% of GDP by 2025-26

Tata-run iPhone plant to create opportunities in India, says TCS executive

The $128 billion Tata Group has been in talks for months with Apple Inc.'s Taiwanese supplier Wistron Corp

Prez Xi warns China officials to avoid 'collusion' with big business

He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"

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's open borders mark an end to covid zero, spark homecoming rush

While the Covid zero policy managed to keep the virus at bay for much of the pandemic as it killed millions elsewhere, they became increasingly irrelevant with emergence of more infectious variants

Global economy may be entering a difficult era and economists are worried

The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession