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Billionaire’s spree undermines India’s airwave auction

  New Delhi / Bloomberg As Bharti Airtel Ltd. prepares for more competition from the nation’s richest man, the government may be bracing for collateral damage. That’s because India’s largest mobile-phone carrier has bought enough airwaves in the past month to be able to provide 4G services everywhere in the country, reducing Bharti’s need to bid for spectrum in an ...

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IMF calls for ‘more forceful’ policies to boost growth

Bloomberg Global finance ministers and central bankers pledged to step up their efforts to support growth, as chances rise of a broader slowdown and risks including refugee crises and a potential U.K. exit from the European Union threaten the world economy. “Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown ...

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USA factory output falls again, but signs of stability appear

  AP U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. Yet other recent data suggests that the sector’s long-running malaise could brighten in the coming months. Factory production fell 0.3 percent last month, following a 0.1 percent drop in February, the Federal Reserve said. Those figures suggest ...

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