Bloomberg Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd opposed any move by the government to provide financial relief to rival telecom operators, which have been ordered to pay $7 billion in past dues, saying they had adequate recourse to funds. Bharti Airtel Ltd can easily raise 400 billion rupees ($5.7 billion) by selling some of its assets or shares while ...

Bloomberg After spending August experimenting with a four-day work week in a country notorious for overwork, Microsoft Japan said sales per employee rose 40% compared with the same month last year. The “Work-Life Choice Challenge Summer 2019” saw full-time employees take off five consecutive Fridays in August with pay, as well as shortening meetings to a maximum of 30 minutes ...

Bloomberg China approved a drug to treat Alzheimer’s made by a Shanghai-based pharmaceutical company, the first new therapy endorsed for the disease in 17 years and a major breakthrough in the country’s push to become a leader in scientific research. The National Medical Products Administration said in a statement that it granted conditional approval to Oligomannate. In trials, the drug ...

Bloomberg South Korean President Moon Jae-in and Japanese prime minister Shinzo Abe agreed in their first meeting in 14 months to ease tensions, according to the South Korean presidential office. Moon and Abe shared the view that the relationship between South Korea and Japan is important and re-affirmed in principle that issues between the two nations should be resolved via ...

Bloomberg The death toll from last month’s protests in Ethiopia has risen to 86 people, Prime Minister Abiy Ahmed said on national television. “There would be no need for these differences if we solved our quarrels through reconciliation,” he said. “Our unity, co-existence will benefit our growth, prosperity and greatness.” Violence, mostly amid rival groups, broke out in parts of ...

Bloomberg A Burkina parliament member, who was also one of the last authorities in a region ravaged by militants, was killed in a suicide bomb attack in the northern Djibo region, security and government officials said. The lawmaker, Oumarou Dicko, who had gone to officiate the launch of a Red Cross programme to tackle youth employment, was travelling back to ...

Bloomberg Tsai Ing-wen’s chances of being re-elected as Taiwan’s president received a boost as one of Taiwan’s most senior China-friendly politicians appears set to enter the election, potentially sapping votes from the main opposition candidate. People First Party (PFP) Chairman James Soong has decided to make a fourth run for Taiwan’s top office, the Taipei-based Liberty Times reported on Monday, ...

Bloomberg At least 200 people were arrested and more than 70 injured in Hong Kong as protesters seeking greater democracy and police accountability blocked roads and vandalised public facilities. Police and protesters clashed at malls full of afternoon shoppers, where riot police used pepper spray and detained several people. Shopfronts were vandalised and subway turnstiles were damaged, police said. Some ...

Bloomberg President Donald Trump continues a campaign swing through the South this week, where he’ll try to fire up his core supporters by taking on Democrats’ impeachment effort. Trump was expected to plan rallies in Kentucky on Monday and Louisiana on Wednesday — states he won in 2016 by wide margins — and he’ll also seek to boost Republican gubernatorial ...

Bloomberg Stocks advanced worldwide along with US equity futures while bonds slipped on optimism China and America are moving closer to an interim trade deal. The dollar edged higher. The Stoxx Europe 600 Index headed for a four-year high, led by miners and automakers, which jumped after US Commerce Secretary Wilbur Ross said tariffs on vehicle imports into the American ...