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Ambani’s $2 chutzpah unlocks a new fortune

Mukesh Ambani has joined the league of world’s richest with the help of a simple formula: assembling admirers for $2 businesses. First he got Facebook Inc and Google to back his fledgling digital ambitions, and now he may be trying to entice Amazon.com Inc into his retail venture, already India’s largest. In four years, the Indian billionaire has amassed roughly ...

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Why PM Modi may be most popular populist

India’s Covid-19 cases continue to climb, even as the economy tanks. China is pressing forward on the two countries’ disputed Himalayan border, where dozens of Indian soldiers have been killed. Tax revenues have plummeted, state governments are unhappy and 21 million of India’s rare salaried jobs vanished in the last few months. And yet Prime Minister Narendra Modi — who ...

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Singapore Air cuts 20% of jobs as virus smashes travel

Bloomberg Singapore Airlines Ltd is eliminating about 4,300 jobs, or 20% of its workforce, as the coronavirus outbreak devastates the aviation industry. The cuts will be made at Singapore Airlines and its SilkAir and Scoot units. Discussions are underway with unions and arrangements will be finalised as soon as possible, the carrier said in a statement. “Having to let go ...

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