BUSINESS
Musk hails release of Twitter emails on Hunter Biden story
In late 2020, in the final weeks of the presidential campaign, Twitter decided to restrict a New York Post article containing unverified claims about Hunter Biden’s activities in Ukraine.
INDIA
Woman with fake baby bump caught smuggling computer chips into China
The woman was stopped while crossing into Zhuhai from Macau on Nov. 25, customs said in a statement on Thursday, adding she was found with 202 processors and nine smartphones.
BUSINESS
Bernie Madoff’s lawyer has some advice for Sam Bankman-Fried: Shut up
Sorkin says Bankman-Fried should listen to his lawyers and stop talking immediately. Anyone who’s watched Law & Order knows that.
BUSINESS
Larry Summers sees more Fed rate hikes than markets expect
BUSINESS
FTX’s LedgerX on Blockchain, Gemini’s radar
The unit, which is registered with the US Commodity Futures Trading Commission as a derivatives exchange, was a cornerstone of Bankman-Fried’s efforts in Washington.
WORLD
US hiring and wages extend strong gains, keeping pressure on Fed
Nonfarm payrolls increased 263,000 in November after an upwardly revised 284,000 gain in October, a Labor Department report showed.
ECONOMY-2
Global economy must start bracing for low inflation, says Raghuram Rajan
Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan.
COMMODITIES
Heineken plans to raise beer prices as ingredient, energy costs surge
The world’s second-largest brewer expects a jump in input costs “in the high-teens per hectolitre” next year, along with “significantly higher energy costs, particularly in Europe”.
BUSINESS
McLaren sells historic cars to raise cash for new supercar
An official at McLaren confirmed the sale of some heritage vehicles to the company's biggest shareholder in exchange for the cash injection.
BUSINESS
Credit Suisse shares on worst run since 1989 as losses deepen
The stock fell as much as 5.49% to a record low of 2.67 Swiss francs, just 6% above the price of 2.52 francs for subscription rights that Credit Suisse offered existing investors. The bank had set the price at a discount of 32% to its stock value after the strategy presentation in October.
BUSINESS
The US and UK should be welcoming talent, not driving it away
Yet both countries are also threatening their long-term prospects with foolish policy. Specifically, their inability to enact sensible immigration reforms means that the sectors they rely on to power their growth -- from tech to higher education -- may well run short of resources.
BUSINESS
Apple renames mixed-reality software ‘xrOS’ in sign headset is approaching
The company plans to introduce the headset as early as next year, along with a dedicated operating system and app store for third-party software, according to people with knowledge of the matter.
STOCKS
Wall Street preps for year-end stock rally as volatility plunges
Meanwhile, the Dow Jones Industrial Average rose 20% from its September low, meeting the technical definition of a bull market. And the tech-heavy Nasdaq 100 Index surged 4.6% to the highest since September.
BUSINESS
Beijing to let some low-risk patients home quarantine as covid soars
Low-risk patients can do home isolation for a week if they choose, people familiar with the plans said, dialing back a nationwide policy that has seen everyone with Covid sent to government quarantine sites regardless of severity, to halt transmission chains.
BUSINESS
Elon Musk’s neuralink hopes to implant computer in human brain in six month
Neuralink has been refining the product, which consists of a tiny device and electrode-laced wires, along with a robot that carves out a piece of a person’s skull and implants it into the brain.
BUSINESS
Elon Musk 'bravest, most creative' on earth, find out who's praising the maverick
People need to give Twitter owner Musk “a break,” they are “so nitpicky on him,” Hastings told journalist Andrew Ross Sorkin onstage at the New York Times Dealbook conference on Wednesday. He means well despite some mistakes, Hastings added.
BUSINESS
Crypto coin cracks after luring Indians with 3,100% returns
These days, the 51-year-old drives around in his new Toyota sedan — one he couldn’t afford a year ago — on the dusty streets of his home town in rural India, showing off his success from investing in BlockAura tokens.
BUSINESS
Mark Zuckerberg calls Apple app store rules a ‘conflict of interest’
Billionaire Elon Musk added to the chorus after his acquisition of Twitter Inc., sending a flurry of tweets this week denouncing Apple’s fees and restrictions on what apps can be sold.
BUSINESS
Jerome Powell signals downshift likely, more hikes to come
Jerome Powell comments, in a speech Wednesday at the Brookings Institution in Washington, likely cement expectations for the Fed to raise interest rates by 50 basis points when they meet Dec. 13-14, following four straight 75 basis-point moves.
BUSINESS
Stagflation is Just what the Economy needs
Actually, a bit of stagflation is just what the Fed should be — and appears to be — aiming for.
BUSINESS
Tata steps up aviation reboot with Singapore Airlines deal
“India needs a high-quality, dependable long haul and ultra-long haul airline to meet the country’s air connectivity requirements,” CAPA Centre for Aviation said in a statement following the announcement that Vistara will merge with Air India. Singapore Airlines will invest $250 million for a 25% stake in the national carrier, which will become India’s second-biggest airline.
ECONOMY
World-topping $100 billion in remittances head to India in 2022
Highly-skilled Indian migrants living in wealthy nations such as the US, UK, and Singapore were sending more money home, according to a World Bank report
BUSINESS
Short tenure bonds hint that RBI rates may be near peak
Investors such as Quantum Asset Management Co. and Tata Asset Management Private are piling into debt with maturities of up to five years.
BUSINESS
Flipkart veteran building unified shopper identity across stores
The Indian startup created by engineer Ranjith Boyanapalli, a former executive at Walmart Inc.’s Flipkart, raised the funds from backers including Global Founders Capital Management and angel investors such as Binny Bansal and Sujeet Kumar.
