Bloomberg General Electric Co. said if Indian officials walk away from a multibillion-dollar locomotive contract, the move would damage efforts to create jobs and chill foreign investment. Altering the deal would “undermine one of the most promising infrastructure projects in the country,” GE said. India may also be on the hook for “substantial fees associated with this project,” the company …

Bloomberg The kingdom of Saudi Arabia has issued an order allowing women to drive, ending a long-standing policy. It’s also a royal opportunity for global automakers eager to make further inroads into the Middle East’s biggest economy. Saudi Arabia’s move to open up its auto market to about half of its 32 million total population will have a profound impact …

Bloomberg Billionaire Li Ka-shing’s CK Hutchison Holdings Ltd. and Jack Ma’s Ant Financial unit will form a joint venture to offer a digital wallet service in Hong Kong. The wallet will come under the AlipayHK brand which was already launched in May, CK Hutchison said. The mobile app will allow users to make in-store payments in 4,000 retail outlets and …