Bloomberg Reliance Industries said it will acquire the retail, wholesale, logistics and warehousing units of India’s Future Group for 247.1 billion rupees ($3.4 billion), in a transaction that will propel Mukesh Ambani’s ambitions to dominate India’s retail sector. Future Group will merge some of its remaining businesses into Future Enterprises, Reliance Retail Ventures said. Ambani’s unit will then invest 12 ...

Bloomberg Indonesia’s efforts to revive the economy took a stumble as virus outbreaks forced factories in one of its biggest manufacturing hubs to shut. South Korea’s LG Electronics Inc, and Japan’s Suzuki Motor Corp and NOK Corp were told to stop operating their facilities in Cikarang, West Java, after more than 300 workers at the industrial area tested positive for ...

Bloomberg Xiaomi Corp’s shares leapt 11.4% after inroads into the Chinese market for high-end smartphones and strong growth overseas helped the company report better-than-expected profit. The stock climbed its most in two years in Hong Kong, taking its 2020 gains to 98% last week. The Chinese smartphone maker more than doubled net income to 4.49 billion yuan ($716 million) in ...

Bloomberg Malaysia has decided to extend measures aimed at curbing the spread of coronavirus infections until the end of the year. The government continues to require the use of face masks in public spaces while places where social distancing is difficult to uphold, including theme parks, will remain shut, Prime Minister Muhyiddin Yassin said in a televised speech. Foreign tourists ...

Bloomberg Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Clean, efficient, with low tax rates, it’s often seen as rivaling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapore should be a magnet for global talent, some recruiters ...

Bloomberg Police clashed with far-right protesters in Berlin and made about 200 arrests after tens of thousands of people rallied mostly peacefully against German restrictions to contain the coronavirus pandemic. An estimated 38,000 people took part in at least two rallies near key federal government buildings, according to broadcaster ARD. Later, violence erupted between law enforcement and about 3,000 far-right ...

Bloomberg Democrats lambasted a decision by the Office of the Director of National Intelligence (ODNI) to no longer provide lawmakers with in-person, verbal briefings on election security ahead of November’s vote, which President Donald Trump said came after “leaks.” “This is a shocking abdication of its lawful responsibility to keep the Congress currently informed, and a betrayal of the public’s ...

Bloomberg India has pulled out of a multilateral military exercise hosted by Russia next month, citing the coronavirus pandemic. A defense ministry statement said that India had decided not to send a contingent to the Kavkaz-2020 event in Russia “in view of pandemic and consequent difficulties in exercise.” Around 20 nations are expected to participate in the exercise, which is ...

Bloomberg The European Union called for new elections to be held in Belarus, just as President Alexander Lukashenko makes plans to travel to Moscow in the coming weeks to meet with his Russian counterpart Vladimir Putin. The EU’s top diplomat, Josep Borrell, wrote in Journal du Dimanche that a new ballot is needed, with the Organization for Security and Cooperation ...

Bloomberg The military coup in Mali raised alarm across West Africa, a region under threat for years from extremists that can ill afford more instability. Yet at home, it’s largely seen as a harbinger of progress. Weeks of public unrest and the final ouster of President Ibrahim Boubacar Keita was the culmination of anxiety over his failure to steer the ...