Bloomberg #DemonetisationDisaster was among the top trends worldwide on Twitter on November 8, the third anniversary of Indian Prime Minister Narendra Modi’s ban on high-value currency notes that has since been termed a “total failure” and a “draconian” act. The outcry comes on the day Moody’s Investors Service cut India’s credit rating outlook to negative, citing a litany of problems ...

Bloomberg The US Justice Department’s (DOJ) top antitrust enforcer said data collection practices of technology companies can raise competition concerns, the latest warning directed at the industry amid a broad investigation of its biggest companies. Makan Delrahim, the head of the antitrust division, said in a speech at Harvard Law School that the department is paying close attention to the ...

Bloomberg Lordstown Motors Corp, the electric-truck startup formed specifically to save a shuttered Ohio car factory, has acquired the highly politicised plant from General Motors Co. The acquisition that the two companies announced ends an era that began when GM opened the complex in 1966. The factory’s fate was largely sealed when the United Auto Workers union was unable to ...