Bloomberg Tata Group may have to pay around $1.3 billion in dues to the Indian government to rescue the proposed sale of its mobile-phone business to Bharti Airtel Ltd., people familiar with the matter said. The department of telecommunications is demanding that Tata Teleservices Ltd. clear any obligations to the government before it approves the deal that was struck in ...

Bloomberg A computer virus halted several Taiwan Semiconductor Manufacturing Co. factories, dealing the company one of its most severe disruptions as it ramps up chipmaking for Apple Inc.’s next iPhones. The sole maker of the iPhone’s main processor said a number of its fabrication tools had been infected, and while it had contained the problem and resumed some production, several ...

Bloomberg Back in April, giant Chinese developer Country Garden Holdings Co. ordered its thousands of staff to move faster in getting projects to market. The human and financial cost of the emphasis on speed is now coming into focus, after deadly accidents at its building sites caused the stock to crash. Country Garden shares plunged 17 percent, lopping off $6 ...

Bloomberg A central figure in a multi-billion dollar corruption scandal at a Malaysian state fund says a decision by Indonesia to hand over a $250 million yacht to Malaysia violates US and Indonesia laws. Low Taek Jho, described by US investigators as central to the 1Malaysia Development Bhd scandal, said in a statement Malaysia had decided to “illegitimately” acquire the ...

Bloomberg Huawei Technologies Co., which just edged past Apple Inc. to become the world’s second-largest smartphone maker, wants to be top of the heap before the end of 2019. The Chinese giant shipped more than 95 million phones in the first six months, up about 30 percent from a year earlier. Consumer division chief Richard Yu said he wants Huawei ...

It’s an axiom among many Americans that each future generation will live better than its predecessor. New technologies, greater efficiencies and a can-do spirit will reward us with higher living standards. There might be periodic stumbles, but the long-term trajectory is up. And the people most guaranteed to enjoy this bountiful future are the children of today’s upper-middle class. They ...

Monetary medicine in Japan is keeping the economy alive, but with nasty side effects. The search for a new cure should begin with a simple question: What if the Bank of Japan were to throw out its money-printing presses? Instead of pushing more yen into an economy that has already absorbed a threefold increase in cheap central-bank funds in five ...

Tesla Inc’s past few months have produced even more drama than usual: CEO Elon Musk’s refusal to answer “dry” analyst questions; his Trumpian media tirade and #Pravduh thingy; Kanye; an alleged saboteur (or wannabe whistleblower). The company’s quarterly results almost feel like a commercial break. Earnings came in short of expectations. This is not a number that, in isolation, means ...

First, the good news: Traders don’t anticipate that Bank of England’s interest-rate increase heralds the start of a series of hikes. Now, the bad: If Brexit sees Britain leaving the European Union without a deal, the UK central bank may have to swiftly reverse course, scaring the horses more than if it had left well enough alone. The Monetary Policy ...

Google has some explaining to do. Recently, The Intercept outlined the company’s discussions to possibly resume its internet search service in China, followed by another news report that said Google is also developing a potential digital news app for the country. It has been nearly a decade since Google scaled back operations in the country because cyberattacks on company’s computer ...