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Twin victories give Anil Ambani firms wealth boost

Bloomberg It’s a good start to the weekend for billionaire Anil Ambani. The Supreme Court refused to order a probe into India’s purchase of French warplanes, blunting the opposition Congress party’s allegation that Dassault Aviation SA was forced to pick an Ambani firm as a local partner. Little over an hour later, the Indian government told the court it would ...

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Japan gender bias report deals new blow to Abe agenda

Bloomberg Japanese Prime Minister Shinzo Abe’s pledge to empower women hit a fresh obstacle as more evidence was released of ‘admissions policies’ at the nation’s medical schools. Three of Japan’s 81 medical schools manipulated their admissions systems to exclude women, while another is suspected of doing so, according to an Education Ministry report. Another six were cited for unfair practices ...

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US resists IMF funding boost

Bloomberg The US is opposing an increase to the IMF’s permanent capital levels, President Donald Trump’s latest snub of multilateral organisations as he pursues his “America First” foreign policy. The International Monetary Fund is examining its capital levels under a regularly scheduled review. The Washington-based fund is mostly financed by shares, known as quotas, paid by its 189 member nations. ...

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