Bloomberg India’s government has signaled it will press ahead with the roll out of a goods and services tax on July 1, pushing back against speculation it’s considering delaying the launch of one of its flagship reforms. “The rumors about GST implementation being delayed are false,” Revenue Secretary Hasmukh Adhia said in a Twitter post on Tuesday. “Please do not ...

Bloomberg As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and buyers are still thronging to buy new apartments. This time around, the boom has been ...

Bloomberg China’s next batch of economic data is expected to signal that consumption remained steady while industrial momentum softened a bit in the world’s second-largest economy. Data on Wednesday will show retail sales growth was unchanged last month while growth in factory output and investment both edged down for a second month, economists say. That would reinforce expectations that economic ...

Bloomberg Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on US companies’ stockpiled overseas earnings, but a select few would do better than others. Apple Inc. and Pfizer Inc. may enjoy an extra earnings bump because of their previous accounting maneuvers, while companies including Microsoft Corp., Merck & Co. Inc. and ...

Bloomberg UK inflation resumed its upward march last month, accelerating more than forecast to the fastest pace in four years. An increase in prices for computer games, laptops and package holidays — partly reflecting the impact of the weaker pound — lifted the inflation rate to 2.9 percent, the highest since June 2013. Economists had forecast that it would remain ...

Bloomberg General Electric Co. is unveiling software for boosting its machines’ productivity and streamlining repairs, alongside deals with Danish shipping line Maersk Corp. and French energy producer Dalkia SA. GE announced new software for power plants, drilling platforms and wind farms at an event in Berlin on Tuesday. The showcase for GE’s IT know-how comes a day after the Boston ...

Bloomberg There may be trouble ahead for the debt fueling America’s car addiction. Securities backed by certain auto loans have “some real fundamental credit issues,” according to Chris Flanagan, a top-ranked analyst who specializes in structured finance at Bank of America Corp. The dangers lurk in subprime deals and in bonds supported by car rentals, Flanagan wrote in a note ...

It’s time to take a brief break from Donald Trump. Whatever you think of him, there’s no denying that he dominates the news cycle. We seem to assume that the nation’s future depends on Trump’s fate, for better or worse. The reality is otherwise: The nation’s future also hangs on larger economic and social trends that no president can shape. ...

How far can the euphoria over Alibaba Group Holding Ltd. go? Even by the standards of online retail, its rise has been extraordinary. Revenue has grown by an average 52 percent annually over the past five years. Its 158 billion yuan ($23 billion) of sales in the 12 months through March was more than 10 times the 2011 figure. Far ...

The White House has called it a “revolution,” the “beginning of a new era,” and the “single most exciting thing we can do.” More modestly, you might just call it a pretty good idea. At an otherwise grim moment in Washington, that’s something to cheer. President Donald Trump announced a plan to turn the air-traffic control system over to a ...