Bloomberg India’s Cars24 Services Pvt is in talks with Yuri Milner’s DST Global and other investors for a funding round that could double the used-vehicle site’s value to $2 billion, a person familiar with the discussions said. India’s biggest online marketplace for pre-owned cars is set to raise $200 million to $250 million from existing backers including DST, which may ...

Bloomberg A majority of urban Indians left unemployed by the coronavirus pandemic want the government to guarantee them jobs like it does for people in rural areas, says a study by the London School of Economics. An overwhelming 82% of respondents surveyed for the report ‘City of dreams no more, a year on: worklessness and active labour market policies in ...

Bloomberg The recent divergence between Asia’s investment-grade and riskier bonds is poised to continue, analysts say, as investors turn sour on Chinese developers. Yields for Asia’s high-yield dollar bonds rose 41 basis points in the second quarter, according to a Bloomberg Barclays index, versus a 5 basis-point decline for investment-grade debt. They’ve increased for six straight weeks, the longest stretch ...

Bloomberg Thailand won’t be able to meet its monthly vaccination target of 10 million doses as deliveries from AstraZeneca Plc, the backbone of its inoculation program, will be 40% to 50% fewer than expected because some supplies are allotted for export. AstraZeneca will deliver 5 million to 6 million doses per month for use in Thailand starting in July because ...

Bloomberg Some of the world’s biggest money managers say the strong rally in China’s renewable energy stocks has more legs, citing the sector’s rosy earnings prospects and policy support. BlackRock Inc, Aberdeen Standard Investments Ltd and UBS Global Wealth Management are among those backing investments in Chinese electric vehicle-related companies and solar firms. Their endorsement comes as the world’s largest ...

Bloomberg Leading European diplomats in Beijing stressed their commitment to human rights and appealed to China for mutual respect and understanding following a defiant speech from Foreign Minister Wang Yi. References to human rights are “foundational matters” and not a geopolitical game, Caroline Wilson, the UK’s ambassador to China, said on a panel discussion on Sunday. China’s attitude is not ...

Bloomberg President Joe Biden traveled to Michigan to underscore US progress in fighting Covid-19, part of a slate of Fourth of July weekend events by the administration to signal a return to pre-pandemic life. Biden picked a battleground state where he beat Donald Trump by 3 percentage points in the 2020 presidential election and where Democratic Governor Gretchen Whitmer has ...

Bloomberg The agreement on the Irish border struck as part of the UK’s exit from the European Union risks damaging Northern Ireland’s economy and should be withdrawn, Jeffrey Donaldson said in his first television interview since becoming head of the Democratic Unionist Party last month. Under the terms of the Brexit accord, Northern Ireland — unlike the rest of the ...

Bloomberg Prime Minister Narendra Modi’s political opponents stepped up their demands for a probe into India’s purchase of Rafale combat jets after France reportedly launched a judicial investigation into allegations of corruption in the deal. The Indian National Congress party on Sunday called for an investigation into the allegations, including changes in the terms of the contract for the 2016 ...

Bloomberg Hong Kong’s national security police took over the investigation into the stabbing of a policeman and cautioned citizens from mourning the attacker’s death, calling the incident a domestic terrorist attack on the 24th anniversary of the former British colony’s return to Chinese rule. The National Security Department, which investigates offenses that endanger national security, is now probing the July ...