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Bloomberg Vedanta Ltd sought approval from the administration of the southern Indian state of Tamil Nadu to repair its copper smelter as the plant is “crumbling” after being ordered to remain shut for more than a year. The factory’s cooling towers and pipe ducts have collapsed, Pankaj Kumar, chief executive officer of the unit, Sterlite Copper, said in a phone ...

Bloomberg India’s combined fiscal gap, including deficits of states, is seen widening to the highest in about eight years as the government boosts measures to stimulate a slowing economy. The general government deficit is seen at 7.5 percent of gross domestic product in the year to March, according to Fitch Ratings. The combined deficit was around 8 percent in the ...

Bloomberg India’s goal to more than double energy generation from renewable sources is fueling bets that debt offerings from green companies may grow. Adani Green Energy Ltd kicked off a roadshow for a potential dollar bond as Prime Minister Narendra Modi announced the more ambitious plans. Indian alternative-energy firms have sold about $3.4 billion of foreign-currency notes in 2019, after ...

Bloomberg Dressed in a red guard uniform, Gao Hongli and a group of fellow kindergarten principals are laughing and whooping like they’re on a Marxist hen night. They’ve travelled to Jinggang Mountain in Jiangxi province as part of a 100-strong delegation of preschool heads to learn how members of the Communist Party’s first rural “soviet base” lived in the late ...

Bloomberg Artificial rain created to deal with Indonesia’s massive wildfires has helped significantly lower the number of hotspots across the archipelago, authorities said. The number was down to 136, compared with 1,374 last week, according to the country’s Environment and Forestry Ministry. Since last week, Indonesian agencies have scattered more than 200,000 kilograms of salt for cloud seeding and 317 ...

Bloomberg Britain’s two largest drugmakers, betting on a new generation of cancer treatments that block tumor cells from fixing their damaged DNA, showed that these medicines work in a broad swath of patients. Women with ovarian cancer treated with GlaxoSmithKline Plc’s drug Zejula had a 38 percent reduction in the risk of dying or seeing the disease progress, the company ...

Bloomberg Switzerland’s government is bracing for a possible recession as the country’s economy goes through a difficult period and faces substantial risks, economy minister Guy Parmelin told a newspaper. “There are several signs pointing to a slowdown,” Parmelin told Schweiz am Wochenende. “The trade war between the US and China, the blockade of the WTO, the stagnating economy in Germany ...

Bloomberg Social media platforms based in the US including Facebook and WhatsApp will be forced to share users’ encrypted messages with British police under a new treaty between the two countries, according to a person familiar with the matter. The accord, which is set to be signed by next month, will compel social media firms to share information to support ...

Bloomberg De Beers is continuing its policy of offering unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation. The Anglo American Plc unit extended the policy from its August sale to customers in Botswana, according to the people, who asked not to ...

Bloomberg Elon Musk gave space fans an outline of plans for “Starship,” the next-generation vehicle his Space Exploration Technologies Corp expects to use to eventually take humans to Mars. The goal is to make “space travel like air travel,” Musk said on stage during a highly technical presentation from the company’s Boca Chica test site near Brownsville, Texas. “We’re really ...