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  • Forget winning, can Amazon survive in India?

    During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year after beginning operations in the country. Amazon’s announcement underscored how far India had come to open up to foreign firms. In a televised interview in 2014, Bezos said that there was a perception about India not being an easy place to do business.

  • South Korea probes adequacy of Hyundai's Kona EV recall after new fire: ministry official

    A Hyundai Motor Kona electric vehicle caught fire last week in the first-ever known case of a recalled Kona catching fire, prompting authorities to investigate the adequacy of the recall, a South Korean transport ministry official said. A series of fires prompted mass recalls of Hyundai's best-selling Kona EV in South Korea in October. In South Korea, Hyundai has recalled 25,564 Kona EVs built during September 2017 to March 2020 due to the risk of short circuit possibly caused by faulty manufacturing of its high-voltage battery cells.

  • Soccer-Spurs' Mourinho hails Bale after Cup win at Wycombe

    Bale started for the first time since Dec. 23 and netted the equaliser in first-half stoppage time after Fred Onyedinma had given the Championship (second-tier) side a shock lead. Bale, 31, has struggled for form and fitness but looked sharp in completing his first 90 minutes since returning on loan from Real Madrid.

  • SpendEdge Releases Sourcing Procurement Intelligence Report for the Oil Spill Solutions Market | Evolving Opportunities and New Market Possibilities Post Pandemic

    SpendEdge, has announced the release of their Oil Spill Solutions Market Intelligence Report, and is expected to grow by USD 17.05 billion by 2024.

  • These TikTok-Famous $20 Swedish Dishcloths Have Earned Over 13,500 Five-Star Ratings from Amazon Shoppers

    Reviewers call them “pure magic”

  • Federal judge orders massage parlor videos of Robert Kraft, others destroyed

    Video that allegedly showed Patriots owner Robert Kraft paying for sex at the Orchids of Asia Day Spa in Florida will finally be destroyed.

  • BPLI Holdings Inc. Releases 2020 Year End Financial Results

    BPLI Holdings Inc. ("BPLI" or "the Company") (TSX-V: BPLI) today reported its audited financial results for the year ended September 30, 2020.

  • House transfers article of impeachment to Senate

    FOX News congressional correspondent Chad Pergram joins 'Special Report' with the latest.

  • European Union warns AstraZeneca over delay in delivering Covid-19 vaccine

    The European Union issued an angry warning to pharmaceutical group AstraZeneca on Monday over its unexpected delay in delivering millions of doses of its Covid-19 vaccine to the bloc. The British-Swedish company's announcement "is not acceptable to the European Union," EU Commissioner for health Stella Kyriakides said after a meeting of member state representatives and the firm."The European Union will take any action required to protect its citizens and rights," she stressed.Kyriakides did not elaborate on what action Brussels might take, but she said Brussels would propose a "transparency mechanism" to track shipments of vaccine exported from the EU to non-member countries.The unusually blunt message underscored the threat facing the 27-nation EU as it tries to ramp up so far underpowered vaccination programmes as more contagious coronavirus variants threaten a looming third wave of the pandemic.Last Friday, AstraZeneca said it would not meet its contractual delivery commitments to the European Union because of unexplained "reduced yields" in its European supply chain.That came a week after US group Pfizer said it was also cutting early delivery volumes of its vaccine produced with German firm BioNTech.Together, those announcements risk up-ending EU vaccination programmes that depend on people getting two jabs weeks apart. That would potentially trash European Commission chief Ursula von der Leyen's pledge made just a week ago to inoculate 70 percent of adults in the EU by the end of August.Watching vaccine exports The European Union has currently authorised two vaccines for jabs: the BioNTech/Pfizer and Moderna ones. By the end of this week it is poised to add the AstraZeneca vaccine, on the understanding that it would be already on hand and available for immediate roll-out.Those vaccines, along with others also being vetted for marketing authorisation, were secured by the European Commission under advance purchase agreements on behalf of the EU and its 450 million residents.Von der Leyen early Monday spoke with AstraZeneca's French CEO Pascal Soriot, and representatives EU member states held two meetings with the company to press for answers and a rapid solution meeting the contract terms."The answers of the company have not been satisfactory so far," Kyriakides said.In a sign of distrust of the company she announced a move to have pharmaceutical companies notify EU authorities of vaccine exports out of the bloc, except for humanitarian deliveries."The Commission has today proposed to the 27 member states in the steering board that an export transparency mechanism will be put in place as soon as possible," she said.She added: "The European Union has pre-financed the development of the vaccine and its production and wants to see the return. The European Union wants to know exactly which doses have been produced where by AstraZeneca so far, and if or to whom they have been delivered."The only public statement by AstraZeneca on Monday was that Soriot was "pleased" to speak with von der Leyen and it "is doing everything it can to bring its vaccine to millions of Europeans as soon as possible".Travel restrictions In an effort to create enough time for vaccinations to protect the most vulnerable, the EU and various member states have increasingly restricted travel into the bloc and, for non-essential trips, within it.On Monday, the European Commission urged further tightening of those rules, calling on member states to impose pre-trip PCR tests for all travellers allowed into the European Union and quarantine on arrival if they came from zones where more-contagious virus variants were spreading.It also recommended a heightened testing and quarantine regime, where possible, for essential travellers between -- or even within -- EU countries with high-risk areas classed as "deep red" by the European Centre for Disease Prevention and Control.The EU Commissioner for justice, Didier Reynders, said the new variants with high infectivity -- coming from former EU member Britain as well as South Africa and Brazil -- meant "there is an urgent need to reduce the risk of travel-related infections to lessen the burden on overstretched healthcare systems".(AFP)

  • Tacoma Police officer who hit at least 1 pedestrian with patrol car placed on administrative leave

    A Tacoma Police Department officer who struck at least one pedestrian with his patrol car while trying to clear a crowded scene has been placed on administrative leave. Officers responded to the intersection of South 9th Street and Pacific Avenue in Tacoma around 6 p.m. Saturday night after receiving "numerous reports" of an incident that was occurring there, according to a police press release. When authorities arrived, there were several vehicles and about 100 people blocking the intersection, police said, but did not provide additional details on the incident.

  • Hannity: Socialism 'will fail again' under Biden

    Sean Hannity takes a look at the president's policies during a pending Trump impeachment.

  • What type of a Republic is India? All you wanted to know about Republics

    What are the other types of Republics? More importantly, what makes a country a Republic?

  • 10 things: Kyle Lowry gets ejected in miserable return to lineup

    The Toronto Raptors slip on defense in a letdown loss to the Indiana Pacers as Kyle Lowry gets ejected.

  • Asian Stocks Drop on Stimulus Timing; Bonds Steady: Markets Wrap

    (Bloomberg) -- Asian stocks fell Tuesday as investors considered the possibility that a U.S. fiscal-relief package might be delayed and mulled extended valuations in some markets. Treasuries held an overnight climb.Stocks saw declined across the region with shares in South Korea and China underperforming. Tencent Holdings Ltd. led Hong Kong stocks lower after the internet behemoth’s market value rose to the cusp of $1 trillion for the first time Monday. The People’s Bank of China unexpectedly withdrew funds from the financial system as an advisor discussed the risks of asset bubbles in local media.S&P 500 futures slipped as Senate Majority Leader Chuck Schumer said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays. Nasdaq 100 contracts also pointed lower as investors awaited earnings from some of the biggest companies.Elsewhere, crude oil fluctuated under $53 a barrel and gold edged higher. European stocks retreated earlier. The dollar held an overnight advance.With global stocks trading around record highs, investors are looking for fresh catalysts to push them higher or at least justify current valuations. That could come from a slate of earnings reports due this week. Meanwhile, the possibility that a U.S. fiscal-relief package might be delayed is undercutting a key reason why Treasury yields climbed earlier this year.President Joe Biden said he’s open to negotiation on his $1.9 trillion Covid-19 relief proposal, and is hopeful to bring Republicans behind it, though didn’t rule out pursuing a Democrat-only route. Schumer said earlier Monday he aims to secure passage of the next round of relief by mid-March, just when jobless benefits from the last package will be running out.On the pandemic front, vaccine coverage won’t reach a point that would stop transmission of the virus in the foreseeable future, the World Health Organization said Monday. U.S. infectious-disease chief Anthony Fauci said he’s worried about delays to second doses.These are some key events coming up in the week ahead:Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc., UBS Group AG and Samsung Electronics Co. are among companies reporting results.Data on U.S. home prices and consumer confidence come Tuesday.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksS&P 500 futures fell 0.4% as of 12:40 p.m. in Tokyo. The S&P 500 Index rose 0.4%.Topix Index fell 0.7%.Kospi Index fell 1.7%.Hang Seng Index fell 2.4%.Shanghai Composite Index fell 1.2%.CurrenciesThe Bloomberg Dollar Spot Index was little changed after rising 0.2% Monday.The euro was little changed at $1.2142.The British pound was down 0.1% at $1.3666.The Japanese yen was little changed at 103.72 per dollar.The offshore yuan was up 0.1% at 6.4803 per dollar.BondsThe yield on 10-year Treasuries rose one basis point to around 1.04% after declining six basis points Monday.CommoditiesWest Texas Intermediate crude fell 0.5% to $52.51 a barrel.Gold rose 0.2% to $1,860 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • New Zealand school climate strikers call for 'can-do Kiwi attitude' to combat crisis

    New Zealand school climate strikers call for 'can-do Kiwi attitude' to combat crisis. Crowds outside parliament demand government take the same science-led approach on climate as it did on Covid

  • CBS Places Two Senior Local-TV Executives on Leave Following LA Times Allegations

    Two of CBS’s two top local-TV executives were placed on administrative leave Monday night after the Los Angeles Times raised issues about their conduct over the weekend in a two-part report that examined their treatment of women and people of color at specific TV stations, among other allegations. Peter Dunn, president of the CBS Television […]

  • Mitch McConnell Backs Down In Fight Over Filibuster

    The GOP leader cited comments from two Democratic senators who reiterated their support for the Senate rule as a reason to move forward.

  • Trump campaign distances itself from new 'Patriot party'

    Trump campaign distances itself from new 'Patriot party'. Trump team rejects claims by new party’s founder that they are holding joint fundraising activities

  • Kyrie Irving sneaks jersey to Bam Adebayo past NBA's COVID-19 security

    Score one for Irving and Adebayo against the NBA's COVID-19 protocols.

  • Brokerages Want Piece of Lucrative Korean Foreign Bond Sales

    (Bloomberg) -- South Korean bond sales have been on a tear recently in global markets, but the country’s brokerages have been involved in very few of those deals. Some Korean firms want to change that.Offshore note sales by Korean issuers have jumped 160% so far this year, including a $2.5 billion offering by SK Hynix Inc., the biggest-ever dollar deal by the nation’s non-financial companies. But Korea Development Bank has been the only arranger from the country to underwrite foreign-currency bonds overseas from the nation’s issuers in 2021.Last year, other than KDB the biggest Korean underwriter of the nation’s international debt was Mirae Asset Daewoo Co., and it was way down at No. 20 in league rankings for Korean offshore note deals, according to Bloomberg-compiled data.Seoul-based KB Securities Co., which has been Korea’s No. 1 won-bond arranger for 10 years in a row, wants to boost its overseas presence too. It aims to be in the top 10 for Korean offshore note arrangers in a decade, according to Kim Sung-hyun, the brokerage’s president and chief executive officer. Last year it was No. 26.“We’ve been on the top at home, but we shouldn’t stop here,” Kim, who has more than 30 years’ experience in the securities firms industry, said in an interview in Seoul. “We’ll work with foreign banks to increase our experience at first.”An expansion of overseas debt underwriting by Korean firms would be in line with what the government has said is its goal of creating the nation’s own Goldman Sachs, a giant brokerage that could compete internationally as a crowded securities industry at home weighs on profits. So far, a lack of experience has held the brokerages back from boosting operations abroad, with European and U.S. firms even dominating sales of offshore debt by Korean issuers.Changes are afoot. KB Securities, a unit of KB Financial Group Inc., is increasing staff in its Hong Kong branch to boost the offshore bond business. It organized a syndication desk in the branch last year to secure a sales network, said Kim, the CEO.KB Securities also said in October it will work with Japan’s SMBC Nikko Securities Inc. to bolster its debt capital market department. The Korean brokerage arranged dollar bond deals by its affiliate KB Capital Co. as well as Lotte Shopping Co. last year.Other major Korean securities firms are eyeing more debt business overseas. Mirae Asset Daewoo and Samsung Securities Co. are seeking more opportunities in the offshore bond market, spokespeople for the firms said.BOK WarningExpanding abroad isn’t without risks. Korean firms will be operating in unfamiliar markets with different regulations. The Bank of Korea also warned last year that increasing overseas real estate investments by the nation’s brokerages pose potential risks in case the global commercial property market weakens due to the Covid-19 pandemic.Still, doing more business abroad is probably a step Korean brokerages need to take to grow. Securities firms in neighboring Japan may serve as a good model. The Japanese firms have become major players in global debt underwriting, including for Korean notes: last year, Mizuho Financial Group Inc. was the No. 10 arranger of Korean offshore bonds, and Mitsubishi UFJ Financial Group Inc. was No. 17, Bloomberg-complied data show.“I’ve been impressed by some of the big Japanese brokerages’ performance in the global bond market,” said Kim at KB Securities. “I thought that if they could do it, we could do it too.”(Adds detail on CEO’s experience in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.