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India still open to Tesla after Musk picks China for factory

Bloomberg India is still open to Tesla Inc. setting up operations in the country, even though the electric-car maker has chosen China for its first car assembly plant overseas. “If they are coming, if they are ready to come, we will welcome, we are ready to offer them land and all type of help,” Transport Minister Nitin Gadkari said. “Presently ...

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There can be only losers in washing machine war

Bloomberg To understand why President Donald Trump slapped a global tariff on washing machine imports rather than singling out offending countries, it helps to follow the years-long cat-and-mouse game between US officials and South Korean manufacturers LG Electronics and Samsung Electronics. In 2011, US rival Whirlpool Corp. accused the two Asian companies of dumping machines made in South Korea and ...

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Koch network urges Trump to reject proposal to raise gas tax

Bloomberg The influential Koch political network is urging President Donald Trump to reject a proposal made by the US Chamber of Commerce to increase the federal gas tax to help modernise American roads, bridges and other infrastructure. Last week, the chamber called on Congress and the Trump administration to raise federal fuel taxes by 25 cents a gallon, pass initiatives ...

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