International News

Bloomberg From a cramped living room in Brooklyn, New York, a handful of young computer nerds have developed a new way to use technology to help save lives in natural disasters. They have designed tiny electronic nodes inside baseball-sized rubber casings that create a special Wi-Fi network spanning more than 100 square miles that can be used to connect victims ...

Bloomberg Sun Pharmaceutical Industries Ltd is scouting for a partner in China to help it win a larger piece of the world’s second-largest drug market, where the government is on a mission to drive down healthcare costs. With recovery underway in its US business, Sun Pharma’s billionaire founder Dilip Shanghvi is honing in on China and believes market watchers are ...

Bloomberg Authorities launched a massive restoration-and-relief effort after Cyclone Fani left a trail of damage in eastern India and Bangladesh. At least 16 people were killed in India as the storm lashed the states of Odisha and West Bengal, before weakening and entering into Bangladesh, the Press Trust of India reported. The death toll in Bangladesh stood at 14, the ...

Bloomberg The Bill & Melinda Gates Foundation has hired a senior executive from Tata Group, India’s largest business group, for its operations in the country. Sanjay Ubale, head of infrastructure and urban solutions at the conglomerate’s holding company Tata Sons Pvt, will be joining Bill & Melinda Gates Foundation as policy director in its India office, Archana Vyas, deputy director ...

Bloomberg India’s car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over. A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer among 19 sector indexes in the nation’s equity market this year. That’s as the benchmark ...

Bloomberg Bharti Airtel Ltd, India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion, people familiar with the matter said. Airtel Africa is planning to make a formal announcement about the London listing this month and aims to start trading in June, the people ...

Bloomberg When Li Xiting secured his company’s first contract at a medical-equipment convention in the 1990s, he was trembling with such excitem Today, Shenzhen Mindray Bio-Medical Electronics is China’s largest medical-equipment manufacturer, a $25 billion behemoth that has made Li, the chairman, Singapore’s third-richest person with a $7.2 billion fortune, and given fellow co-founder Xu Hang a $6.7 billion nest ...

Bloomberg Germany is considering whe-ther to impose a tax on carbon pollution or push to expand the existing European market in an effort to speed up the pace of reducing greenhouse gases. Chancellor Angela Merkel is calling for putting a price on the emissions from industries such as transport and buildings that are outside the European Union’s carbon trading program. ...

Bloomberg The euro area’s manufacturing slump showed tentative improvement in April as Italy’s contraction slowed markedly and French industry stopped shrinking. A Purchasing Managers’ Index came in at 47.9 in April, up from March and a touch above both economists’ estimates and a previous reading for the month. It was still below the 50 level that would indicate expansion. The ...

Bloomberg The cost of California’s controversial high-speed rail project grew to $79 billion, a development likely to embolden opponents such as President Donald Trump, whose administration is already seeking to cancel and claw back federal grants. The segment already under construction in the state’s agricultural region known as the Central Valley is now expected to cost $12.4 billion, up from ...