Bloomberg Companies owned by billionaires Mukesh Ambani and Sunil Bharti Mittal may raise as much as 365 billion rupees ($5.6 billion) selling bonds as the telecom titans build a war chest in what investors hope will be the home stretch in India’s bruising tariff war. Mittal-controlled Bharti Airtel Ltd., which sold its first-ever rupee bond of 30 billion rupees in ...

Bloomberg The triple alliance of Russia, Turkey and Iran, now the dominant actors in Syria’s war, is stepping up efforts to impose a peace. It may end up presiding over a partition. Russian President Vladimir Putin is meeting his Turkish and Iranian counterparts in Ankara on Wednesday for their latest summit on Syria’s future. The three leaders have buried their ...

THE HAGUE / Reuters Russia’s proposal for a joint inquiry into the poisoning of a Russian ex-spy in England is “perverse”, Britain’s delegation at the global chemical weapons watchdog said on Wednesday during an emergency meeting requested by Moscow. Moscow convened the watchdog’s decision-making executive to counter accusations by Britain that it was behind the March 4 poisoning of Sergei ...

PARIS / Reuters Millions of French commuters suffered a second consecutive day of travel chaos on Wednesday as striking rail workers locked horns with President Emmanuel Macron’s government in a dispute over reforming the state-owned SNCF railways. Commuters in and around Paris pushed their way onto the few trains running during the rush-hour while many platforms in the French capital’s ...

ROME / Reuters Italy’s anti-establishment 5-Star Movement proposed a German-style governing contract with two of its rivals as formal talks aimed at seating a government began on Wednesday, a month after an election ended with a hung parliament. The inconclusive March 4 vote left soft-spoken President Sergio Mattarella to coax sworn adversaries towards a coalition deal. The process could take ...

Reuters Libyan citizens are to be asked for their views on the country’s future in a series of UN-backed public consultations aimed at breaking a political stalemate and preparing for new elections after years of conflict and division. The first meetings will be held in the eastern city of Benghazi and the far western city of Zuwara on Thursday. More ...

To many young people, the idea of efficient financial markets — the idea that, in the words of economist Eugene Fama, “At any point in time, the actual price of a security will be a good estimate of its intrinsic value” — probably seems like a joke. The financial crisis of 2008, the bursting of the housing bubble, and gyrations ...

Investors betting that Rupert Murdoch’s Twenty-First Century Fox Inc. is ready to raise its 11.7 billion-pound ($16.4 billion) offer for Sky Plc have had their convictions reinforced. The media tycoon’s US television group has devised a cunning remedy to assuage British trustbusters’ concerns about the deal. It’s also sounding increasingly exasperated with the process. These are signs that Fox is ...

It’s probably worse than it looks. Government-mandated gender pay gap reports are rolling in before Thursday’s deadline. The inequality is stark for UK finance companies — data last month from Goldman Sachs Group Inc. showed a median gender pay gap of 36.4 percent — in other words, women earn 64 pence for every pound that men earn. While the median ...

The prices of industrial metals, oil and other commodities have risen significantly since the Chinese manufacturing recession ended in June 2016. But many have fallen from their highs in January 2018, first in reaction to the risk of higher interest rates and now, more critically, because of trade tensions and the potential for global manufacturing and growth to be slower ...