BUSINESS
Thailand to beat tourism target as Indians, Malaysians lead rush
Tourist arrivals totaled 7.56 million as of Oct. 30, with at least 1.5 million visitors a month expected during the remainder of the year, government spokesman Anucha Burapachaisri said in a statement Saturday.
WORLD
Methane cloud spotted by satellite near India’s waste site
The detection highlights how piles of garbage — which generate the potent greenhouse gas when organic material like food scraps break down in the absence of oxygen — are triggering some of the world’s strongest and most persistent methane emissions.
BUSINESS
Apple cuts outlook for iPhone shipments on China lockdowns
The company continues to see strong demand for the iPhone 14 Pro and iPhone 14 Pro Max models but the lockdowns mean “customers will experience longer wait times to receive their new products,” Apple said in a statement Sunday.
ENVIRONMENT
Global warming turned 2022 into a “chronicle of climate chaos”
Global temperatures in 2022 are likely to end about 1.15C above the average in pre-industrial times, making it the fifth or sixth-hottest year on record.
TRENDS
12 best bars in Melbourne right now
From classic cocktails to drinks that come with their own QR code.
INDIA
10 things to watch for at COP27 in Egypt
Deadly extreme weather events have struck almost every corner of the planet in recent months, reminding leaders and citizens of the need to act fast.
AUTOMOBILE
Tesla’s former India policy chief to join e-scooter startup Ather Energy
Manuj Khurana, who quit his post as Tesla’s local head of policy and business development in June, will start next week at the firm based in the southern technology hub of Bangalore, a person with knowledge of the matter told Bloomberg News.
BUSINESS
Tiger global joins China exodus as market swings turn extreme
Chase Coleman’s Tiger Global Management has become the latest in the string of big-name money managers to divest or reduce exposure to China, taking the country’s share of its portfolio to the mid-single digits last month from the mid-teens earlier in the year.
BUSINESS
If you’ve had Covid, watch out for stroke symptoms
Scary reports started to surface in the spring of 2020 of young people suffering deadly strokes during or right after a Covid infection.
BUSINESS
Pakistan won’t quickly recover from Imran Khan’s shooting
The attack on Imran Khan is likely to put any political equilibrium out of reach for years. Khan, ousted as prime minister earlier this year, was in the middle of a “long march” meant to drum up support for early elections.
BUSINESS
Apple pause, Lyft layoffs herald new phase of tech austerity
Amazon.com Inc. said Thursday that it would pause adding new corporate workers, citing an “uncertain” economy and its hiring boom in recent years. Lyft Inc., the ride-hailing company, is going further: It will eliminate 13% of staff, or around 683 people.
BUSINESS
Musk commences Twitter job cuts as advertisers hit pause
Billionaire Elon Musk plans to eliminate half of Twitter’s workforce, making good on plans to slash costs at the social media platform he acquired for $44 billion last month
TECHNOLOGY
Elon Musk Aims to Start Charging for Twitter Verification Next Week
The badges will be part of an $8-a-month subscription that could go live as early as Monday, according to people familiar with the plans.
BUSINESS
ReNew power plans Green Hydrogen hubs in India, overseas
“Green hydrogen is going to be a more global business, a tradable business, so we are looking at opportunities for setting up green hydrogen hubs both in India as well as overseas,” Chairman Sumant Sinha said in an interview with Bloomberg Television.
BUSINESS
Jeff Bezos sued by ex-housekeeper over racial bias, long hours
Mercedes Wedaa, who joined the billionaire Amazon.com Inc. founder’s staff in September 2019, sometimes worked 10 to 14 hours a day and supervised a team of five to six housekeepers, according to her complaint filed Tuesday in Seattle state court.
BUSINESS
Bankers wielding megaphones tout for deposits on Indian streets
Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%, data provided by the Reserve Bank of India shows.
BUSINESS
IPhone supply chain takes hit from Xi Jinping’s Covid-zero enforcers
The abrupt move is expected to further disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine.
BUSINESS
Elon Musk plans to eliminate half of Twitter jobs to cut costs
Musk also intends to reverse the company’s existing work-from-anywhere policy, asking remaining employees to report to offices -- though some exceptions could be made
BUSINESS
3D-Printed Coral reef sprouts hope for marine life near Hong Kong
Much of this activity in Hoi Ha Wan Marine Park gravitates around corals that are thriving on an artificial reef made of 3D-printed terracotta tiles, installed two years ago by researchers at the University of Hong Kong (HKU).
BUSINESS
Tiger global’s venture Capital gets loans from Apollo global
Affiliates of Apollo’s Athene insurance business made at least $330 million of loans secured by assets in Tiger Global venture funds, primarily their stakes in private firms, during the first six months of this year, state regulatory filings show.
BUSINESS
Billionaire Harvard alum aims to make office work more efficient
The billionaire Harvard alum’s Soroco works with global corporations to streamline office tasks, using techniques similar to Toyota Motor Corp.’s pioneering efforts decades ago to eliminate waste in manufacturing.
BUSINESS
The Fed should think in terms of a trilemma
While the market consensus for this week’s Fed policy meeting is heavily in favor of a record fourth consecutive 75-basis-point interest rate hike, views diverge significantly on what the Fed should signal about its future moves.
BUSINESS
How science can fix a different oil imbalance in India
There is, however, another imported oil the South Asian nation is addicted to: the one used for cooking. Indian kitchens spend $19 billion annually on Indonesian palm, Ukrainian sunflower and Argentinian soybean oil.
BUSINESS
Amazon closes below $1 trillion in market value for first time since 2020
The stock fell 5.5% to end at $96.79, representing a market capitalization of $987.4 billion. Shares closed at their lowest level since April 2020, and have dropped 42% this year. At its Nov. 18 peak, Amazon boasted a market cap of nearly $1.9 trillion.
