Benaulim / AFP Indian Prime Minister Narendra Modi and Russian President Vladimir Putin signed lucrative defence and energy pacts on Saturday following talks aimed at reinvigorating ties between the former Cold-War allies. Modi hailed Putin as an “old friend” after their meeting in the Indian state of Goa, where leaders of the other BRICS emerging nations were also gathering for …

  Bloomberg Orange SA’s Egyptian unit is set to become the country’s second 4G mobile-phone operator after acquiring an airwaves license Thursday, joining the state-controlled landline monopoly Telecom Egypt. Orange Egypt will pay $484 million for 2 x 10 megahertz of 4G spectrum and $11.3 million for a virtual fixed-line license, Jean Marc Harion, chief executive officer of the unit, …

  Bloomberg The world’s most prominent energy forecaster will raise its outlook for wind and solar installations following a decade of underestimating growth in the renewables industry. The International Energy Agency, which was established as a watchdog of the industry in the wake of the 1973 oil crisis, will “significantly” raise its estimates for renewables when it publishes its annual …