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China likely to overtake America as largest importer in next few years

Bloomberg From iron ore to baby formula, electronic parts, China is buying everything you can think of, and that will soon make the world’s biggest exporter the top importer in the next few years. China already takes more imports that the US does from Asia, Africa, Oceania, South America and Eastern Europe, and it will likely snatch the No1 importer ...

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PR firm seeks insolvency proceedings for RCom

Bloomberg A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone operator failed to pay its dues. Fortuna Public Relations Pvt. placed its request with the Mumbai bench of National Company Law Tribunal on Monday, saying Reliance Communications owes it $67,000. The NCLT ...

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Former Yemeni strongman Saleh killed in Sanaa attack

Reuters Yemen’s steely former president of 33 years, Ali Abdullah Saleh, made his last political gamble and lost on Monday, meeting his death at the hands of the Houthi movement, his erstwhile allies in the country’s multi-sided civil war. Officials in his General People’s Congress party (GPC) confirmed to Reuters that the 75-year-old Saleh had been killed outside the capital ...

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