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Chocolate demand outpaces cocoa supply in Asia

Bloomberg Demand from Asia’s growing legions of chocoholics has outpaced the ability of local farmers to supply cocoa beans, prompting a surge of shipments into the region from Africa and South America. Indonesia, the top producer and processor in the area, imported about 240,000 metric tons of beans last year, a record, and may buy more in 2019, said Piter ...

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‘India has political space to do difficult tasks to spur economy’

Bloomberg India has the political space to undertake “difficult” tasks to revive economic growth, an adviser to the nation’s government said after PM Narendra Modi was reelected to office with a landslide majority. The government can pass measures to spur investment, Sanjeev Sanyal, principal economic adviser at the finance ministry, said during a discussion on India’s politics versus economics organised ...

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Tesla gets ready to reveal prices of made-in-China Model 3 car

Bloomberg Tesla Inc is getting close to revealing new prices for the Model 3 in China as it nears local manufacturing of the car. The Palo Alto, California-based carmaker plans to make an announcement about its China-made Model 3 cars on May 31, Tesla said in a social media posting, inviting people to guess the price of the domestic Model ...

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