Bloomberg India’s Tata Motors Ltd saw a 34% slide in domestic sales in February, as automakers were hit by the lack of supply of parts from China amid the coronavirus outbreak. Total domestic sales stood at 38,002 units last month, falling from 57,221 during the same period a year ago, the company said in a statement. Total sales were 40,634 ...

Bloomberg The worst start to the year for Nordic electricity prices in more than a decade is delighting consumers, dividing central bankers and hurting utilities. Nordic futures have plunged by more than half this year, outpacing declines in everything from oil to US natural gas and agricultural commodities. The impact of that economic tailwind is likely to grow in the ...

Bloomberg Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants. The National Steering Committee for Power Development has recommended eliminating about 15 gigawatts of planned new coal plants by 2025 due to slow progress and the unwillingness of some regions to ...

Bloomberg Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts and concern about the global economy weighed on confidence. That makes the recovery of an economy that the government estimates expanded at the slowest pace in 10 years in 2019 even more challenging. Absa ...

Bloomberg The UK outlined its negotiating objectives for trade talks with the US, seeking a deal it hopes will deliver a 3.4 billion-pound ($4.4 billion) boost to the British economy. Talks, which are expected to start this month, will seek to protect the National Health Service and uphold food safety and animal welfare standards — all sticking points in recent ...

Bloomberg Huawei Technologies Co, the Chinese technology giant barred from doing business with US suppliers, is finding a way around the strict limits imposed by the Trump administration. The Commerce Department, citing national security concerns, has largely forbidden American companies from selling Huawei the computer chips it needs to make a piece of equipment integral to newly introduced high-speed wireless ...

Bloomberg Group of Seven finance ministers will hold a teleconference this week to coordinate their response to the coronavirus outbreak, France’s Finance Minister Bruno Le Maire said on Monday. Finance ministers need to ensure that their responses are “as coordinated as possible” in order to be effective, Le Maire said on France 2 television. “There will be concerted action,” Le ...

Bloomberg Nokia Oyj will replace Chief Executive Officer Rajeev Suri after the Finnish maker of telecommunications gear lost ground to rivals including Huawei Technologies Co in the race for 5G networks. Pekka Lundmark, the CEO of Fortum Oyj, will take over from Suri at the start of September. Nokia is also set to elect Sari Baldauf as its new chairman ...

Bloomberg With the annual Geneva car show cancelled for the first time since the World War II era, automakers are going virtual in a bid to wow the hordes who would otherwise descend on the Swiss city to inspect the latest models up close. BMW AG will livestream the debut of its i4 battery-car concept on Tuesday, while Mercedes-Benz’s popular ...

Bloomberg When Twitter Inc executives met their activist investor agitators from Elliott Management Corp for the first time last week, the man with the most to lose was absent. Jack Dorsey, the Twitter chief executive officer whose role is in the crosshairs, didn’t attend the summit in San Francisco where his future was the main topic of conversation, according to ...