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China set to fine Ant more than $1 billion: Reports

  Bloomberg Chinese authorities are planning to impose a fine of more than $1 billion on Jack Ma’s Ant Group Co., paving the way for the ending of a regulatory overhaul of the financial technology firm, Reuters reported, citing people familiar with the matter. The central bank is preparing the penalty, which could land in the second quarter of next ...

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India solar manufacturers asked to bid for $2.4b aid

  Bloomberg India is looking for takers for $2.4 billion in government aid it’s offering to stimulate domestic manufacturing of solar power equipment. The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency’s website. The government is seeking to grow the country’s module-making ...

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UK’s top court rejects Scotland’s bid for new independence vote

Bloomberg The UK’s top judges threw out an attempt by the Scottish government to bypass Westminster and call a second independence referendum, thwarting nationalist leader Nicola Sturgeon’s plan for a vote next year. The Supreme Court was asked by Scotland’s top legal adviser to assess whether the Scottish Parliament had the power to legislate unilaterally for a consultative referendum. The ...

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