International News

Bloomberg India slashed tax rates on some goods and services just days ahead of the country’s budget, as it continues to rationalise its six-month-old regime to ease the pain for businesses hit by its chaotic roll out. A panel of federal and state finance ministers decided to revise GST rates on 29 goods and 53 services, Finance Minister Arun Jaitley ...

Bloomberg Moody’s Investors Service estimates Jio, the mobile carrier run by India’s richest man, may invest as much as $23 billion on capital spending over three to four years as it expands beyond wireless services. Reliance Jio Infocomm Ltd.’s parent Reliance Industries Ltd. has already spent more than $31 billion to break into India’s mobile-phone market. The 2016 upstart, known ...

Bloomberg Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to potential investors to gauge their interest, according ...

Bloomberg Biocon Ltd. said it signed a deal to develop copycat versions of biologic drugs with a unit of Novartis AG, its latest move to become a global player in the next generation of generic medicines after a similar partnership with Mylan NV delivered a recent success. The tie-up with Novartis’s generics unit Sandoz will focus on developing copies, or ...

Bloomberg Apple Inc. said it will bring hundreds of billions of overseas dollars back to the US, pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30 billion in the US over five years and will create ...

Bloomberg A claim that leaving the European Union would free up an extra 350 million pounds ($485 million) a week for the UK’s state-funded health service was one of the most controversial parts of the 2016 Brexit referendum. It was made by Vote Leave, which emblazoned the figure on the side of its campaign bus, and Foreign Secretary Boris Johnson ...

Bloomberg Google Inc. is set for its first battle in a London court over the so-called “right to be forgotten” in two cases that will test the boundaries between personal privacy and public interest. Two anonymous people, who describe themselves in court filings as businessmen, want the search engine to take down links to information about their old convictions. One ...

Bloomberg Twitter Inc. said it found another 1,062 accounts linked to the Russian government-backed Internet Research Agency accused of trying to influence the 2016 US presidential election. The social media company said it’s emailing notifications to 677,775 people in the US who followed one of these accounts or retweeted or liked a Tweet from these accounts during the election period, ...

Bloomberg The federal gas tax should be increased to help modernise US roads, bridges and other public works, and Congress must expand funding and financing options for projects, US Chamber of Commerce President Thomas Donohue said. The chamber is calling on Congress and the Trump administration to raise federal fuel taxes by 25 cents, pass initiatives including a new federal ...

Bloomberg India is considering a plan to sell its ownership in Hindustan Petroleum Corp. (HPCL) to the nation’s biggest explorer at a premium of not more than 9 percent of the company’s six-month average share price as it seeks to reach a final agreement as early as January 31, according to people with knowledge of the matter. Capping the premium ...