Bloomberg India will stop power equipment imports from China, power minister Raj Kumar Singh said, amid simmering border tensions between the two neighbours. The South Asian nation has the capability to manufacture all kinds of electricity equipment, Singh said at a meeting with energy officials of states, encouraging them to promote local procurement. China accounted for $2.8 billion of the ...

The European Union’s political leaders will meet next week to negotiate the details of their joint fiscal response to the Covid-19 crisis. The Netherlands has emerged as the main villain opposing the plan, as Prime Minister Mark Rutte demands that countries should implement economic reforms in exchange for any financial help. Rutte is being too rigid, but supporters of the ...

Samsung Electronics Co’s second-quarter earnings seem like good news. But it’s really not as simple as that. Revenue beat estimates by around 3.6% while operating profit topped even the highest of sell-side analyst estimates by 6.3%, the South Korean giant reported on Tuesday. Right off the bat, those numbers carry a caveat: The company posted a one-time gain related to ...