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Feb budget ‘critical’ for India amid cash ban

  Bloomberg Three months into a cash ban that has sucked out momentum from one of the world’s fastest-growing economies, Prime Minister Narendra Modi has little room to boost spending. While economists urge more investment in roads, ports and railways when the government presents its budget February 1, and maybe even direct cash transfers to boost consumption, a splurge carries ...

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N Korea restarts Yongbyon Plutonium nuclear reactor

  Bloomberg North Korea’s 5 megawatt nuclear reactor at Yongbyon is showing a water plume, indicating that the plant is probably operating at the facility, a US research institute said. The facility, which had suspended operations in late 2015, is capable of producing enough plutonium to assemble one atomic bomb every year. Satellite pictures taken Jan. 22 show emissions from ...

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Demand for tires in China makes gloves dear

  Bloomberg Consumers across the globe donning gloves to do the dishes may soon feel the heat from rubber being burned on China’s roads. Surging car sales in China in the last few months have more than doubled the price of a little-known chemical called butadiene. The colorless gas, used for making synthetic rubber, has soared in tandem with rising ...

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