Bloomberg A travel planner in India backed by the world’s second-largest asset manager Vanguard Group has defaulted on debt and its shares fell to a record low, as cracks in the nation’s credit market spread. Cox and Kings Ltd has paid only 500 million rupees ($73 million) of the two billion rupees due on unsecured commercial papers, according to an ...

Bloomberg Relief for Asia’s most overworked country doesn’t come easy. South Korea’s new legal limit on working hours — down to 52 hours per week from 68 — can shave as much as 0.3 percentage point off economic growth in 2020, according to Goldman Sachs Group Inc. “The new work-hour limit comes against the backdrop of slowing growth, highlighting the ...

Bloomberg Using code rather than concrete, European companies are busy building walls to protect their data, and are being encouraged by local politicians concerned about threats to their sovereignty. France’s biggest supplier of drinking water is one example. Before switching to Google’s cloud-based office software, Veolia Environnement SA first hired cybersecurity company Atos SE to handle the encryption of its ...