Bloomberg Indian startup Swiggy has raised $210 million in a round led by South Africa’s Naspers Ltd. and investment house DST Global, setting a stage for a battle between well-funded players in the sizzling food-delivery sector. The financing values the four-year-old startup at well over $1 billion, according to people familiar with the deal. That makes Swiggy the second unicorn ...

Bloomberg Hainan, the Chinese tropical island seeking to become a global tourism attraction, plans to allow foreign visitors access to currently blocked sites such as YouTube. Usage of services including Facebook and Twitter would be allowed in areas of Hainan’s two biggest cities of Haikou and Sanya, according to the provincial government’s three-year plan posted on an official website. The ...

Bloomberg Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. The vast pipe networks that haul crude from the Permian Basin are almost completely full thanks to a production boom in the oil-rich area of West Texas and New Mexico. ...