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India plans to sell stake in state-run coal miner

Bloomberg PM Narendra Modi’s administration is planning to offload a stake in state-run Coal India Ltd. to speed asset sales after a disastrous attempt to find a buyer for the cash-strapped national airline, people with knowledge of the matter said. The Department of Investment and Public Asset Management is finalising the amount of stake to be offered in the financial ...

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Dentist quits Samsung to disrupt South Korean payments system

Bloomberg Lee Seung-gun’s parents told him to get his sanity checked when he quit his secure job as a dentist with the hospital arm of Samsung Group to found a mobile apps startup. Seven years and eight failed apps later, the founder of Viva Republica has a bona fide hit with payments service Toss and its 8 million registered users ...

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Coal plants keep shutting despite Trump’s order to rescue them

Bloomberg President Donald Trump has ordered a rescue of the nation’s struggling coal and nuclear power industries, but that doesn’t mean utilities are reconsidering the shutdown of unprofitable plants. Many power generators contacted said Trump’s June 1 announcement hasn’t altered their plans to retire old units even as the administration dangles the prospect of using emergency powers to force grid ...

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