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India to make vaccine for ‘neighbours’

Bloomberg Indian pharmaceutical companies will be among the largest producers of a coronavirus vaccine once it is available and will ensure supplies to friendly nations in the neighbourhood, said Foreign Secretary Harsh Vardhan Shringla. India’s relations with Nepal, Bangladesh and Sri Lanka have never been better “contrary to impressions,” Shringla said at a foreign policy seminar. The South Asian nation, ...

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Chinese developers face liquidity test as curbs loom

Bloomberg Chinese developers are facing the biggest liquidity test in more than four years, exacerbating challenges brought on by stringent funding restrictions and a prolonged profitability drop. Cash reserves of the nation’s 50 largest-listed home builders were just enough to cover short-term debt as of June 30, the least since 2016 when China began deleveraging its economy, according to recent ...

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Germany increases pressure on Russia in Navalny probe

Bloomberg Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline is at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the Baltic Sea pipeline to Russia’s cooperation in an inquiry. ...

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