Bloomberg Prime Minister Narendra Modi’s ruling coalition lost a second political ally in three months after his Bharatiya Janata Party (BJP) withdrew its support from the government in the troubled northern state of Jammu and Kashmir. Blaming the state government-led by Mehbooba Mufti of the regional People’s Democratic Party for its failure to maintain law and order and curb a ...

Bloomberg Spain and Italy are heading for a clash over migration as Rome hardened its tough stance on refugees and the new government in Madrid called for a humane approach to asylum-seekers. Three years after a wave of immigrants fleeing wars and chaos in the Middle East and North Africa threatened to overwhelm the European Union, the issue is back ...

China’s plans to create a pipeline giant to aid development of its natural gas market are overdue, and welcome. Unfortunately, they don’t go far enough. The state-owned champion, provisionally dubbed China Pipelines Corp., will combine the pipeline divisions of state-owned PetroChina Co., China Petroleum & Chemical Corp. or Sinopec, and Cnooc Ltd. A mooted market capitalization of as much as ...