Bloomberg Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs. The authority is awaiting 20 billion rupees ($280 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan ...

Bloomberg Singapore introduced new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time. The Payment Services Act, which comes into force Tuesday, is the first comprehensive regulation for companies handling activities ranging from digital payments to trading of tokens such as Bitcoin and Ether. ...

Bloomberg The Chinese Embassy to Denmark wants the newspaper Jyllands-Posten to apologise for publishing a drawing that depicts China’s flag with virus symbols instead of five stars. “We express our strong indignation and demand that Jyllands-Posten and [cartoonist] Niels Bo Bojesen reproach themselves for their mistake and publicly apologise to the Chinese people,” the embassy said in a statement on ...

Bloomberg It’s almost as if the last decade never happened for investors of Exxon Mobil Corp shares. Once the gold-standard of Big Oil, the stock closed on January 27 at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P 500 also posted its worst one-day decline ...

Bloomberg Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organisations in France for not doing enough to reduce its carbon emissions and fight global warming. The legal challenge is the latest sign that the biggest oil companies are coming under increasing pressure from activists, investors and governments to cut emissions as the ...

Bloomberg As major players jostle for market share in large-scale power storage, American Electric Power and Nissan Motor Co are testing new technology that re-uses old electric vehicle batteries to slash costs. The pilot study in Ohio will road test technology that could lower system costs by about a half and extend the life of lithium-ion batteries by about a ...

Bloomberg France’s grid operator will test storing excess wind and solar power in batteries to reduce the need to build new transmission lines that involve heavy construction work and take longer to complete. Network operators across Europe are seeking ways to both minimise the cost and environmental impact of the energy transition. Reseau de Transport d’Electricite estimates that France will ...

As America weighs abuses of power in this season of impeachment and trial, it’s worth taking a careful second look at the FBI’s behaviour in its “Crossfire Hurricane” investigation of the Trump campaign in 2016. Republicans are outraged by what happened, and Democrats should be, too. It’s not that the FBI’s misdeeds excuse those of Donald Trump’s. Quite the opposite: ...

Cord-cutting isn’t stopping. As it turns out, that’s not such bad news for cable giants like Comcast Corp. It is, however, for AT&T Inc. The streaming wars intensified in the fourth quarter amid Walt Disney Co.’s advertising blitz for its new Disney+ service that overtook billboards, shopping malls, public transit and Twitter feeds. At the same time, Apple Inc. began ...

Have you ever shopped online for something (say, a hotel room) and selected an option with an excellent price only to learn, at the time of checkout, that the price is much higher than originally advertised? That happens a lot. A key reason is that advertised prices often exclude taxes and fees. Even if there is some disclosure of that ...