Bloomberg Koo, India’s alternative to Twitter Inc, has surged past 10 million users to narrow the gap with the US microblogging site after its repeated clashes with the local government over the past few months. The 16-month-old app, which allows users to send tweet-like posts in English and seven Indian languages such as Hindi and Kannada, has seen about 85% ...

Bloomberg The US continued to evacuate people out of Afghanistan despite a rocket attack aimed at Kabul’s international airport on Monday. As the deadline looms for the last US troops to leave and hand over control of the airport to the Taliban, the United Nations plans to take up a resolution proposed by UK and France aimed at allowing exits ...

Bloomberg A senior Chinese diplomat called on the US Secretary of State Antony Blinken to work with the Taliban government and stop pressuring Beijing over the virus origin probe in order to improve ties between the world’s biggest economies. Chinese Foreign Minister Wang Yi urged the US to work with the international community to provide economic assistance to the new ...

Bloomberg North Korea may have resumed operations at its plutonium-producing Yongbyon nuclear reactor in the past few months, the United Nations atomic watchdog said, a move that could help Kim Jong Un’s regime add to its stockpile of fissile material. For the first time in about three years, it appears there were operations of the five megawatt reactor at North ...

Bloomberg Singapore Prime Minister Lee Hsien Loong pledged to tighten restrictions on foreign workers, tackling an issue that stirred anger in the traditionally open city-state as it recovers from a pandemic-induced recession. In a key policy speech, Lee said his government will further raise visa criteria for expatriates, raise salaries for low-income labourers and hold companies to account for their ...

Bloomberg Royal Bank of Canada (RBC) is benefiting from the lender’s dominance in its home country and a capital-markets division that’s cashing in on a surge in dealmaking. As Canada’s largest mortgage lender, Royal Bank is getting a boost from strong home sales and surging real estate values that have lifted that portion of its loan book. The bank has ...

Bloomberg European countries should band together to create a “green capital market” to finance the transition to cleaner fuels and other initiatives needed to meet the Paris Agreement climate targets, UBS Group AG chairman Axel Weber said. Weber, speaking on a panel at the European Forum Alpbach in Austria, said Europe’s leading position in tackling pollution should help it create ...

Bloomberg Japan’s biggest brokerage has started offering subscriptions to a luxurious Italian food delivery service, where customers can use tokens to buy and trade dishes as their value fluctuates. An affiliate of Nomura Holdings Inc began selling the tokens, that exist on the blockchain, for four high-end food parcels a year from Masayuki Okuda, an award-winning Japanese chef famous for ...

Bloomberg Goldman Sachs Group Inc, JPMorgan Chase & Co and ICICI Securities Ltd were among banks picked to work on Life Insurance Corp. of India’s initial public offering, in what’s set be the nation’s biggest listing. Kotak Mahindra Capital Co, JM Financial Ltd., Citigroup Inc and Nomura Holdings Inc were also selected to work on the share sale that’s slated ...

Bloomberg Credit Suisse Group AG has pushed back the date from which it will require all US staff to return to the office to October 18, as the delta variant of Covid-19 continues to spread, according to a memo sent to staff and seen by Bloomberg. A September 7 return-to-office date remains in place for vaccinated workers, with those who ...