ALGIERSE / Reuters Algeria’s state energy company Sonatrach is facing difficulties meeting clients’ demands for gas exports, its chief executive said, citing unwieldy beaucracy and the need to attract more foreign expertise. Sonatrach, Algeria’s cash cow and a major gas supplier to Europe, has been shaken by corruption scandals, the frequent departure of top executives and bureaucratic inefficiencies that have …

Bloomberg Steel demand in India is gathering speed amid an infrastructure building boom that’s set to more than double capacity of the nation’s mills, according to the government. “We’re expecting domestic consumption to accelerate in the decade between 2020-2030,” Steel Secretary Aruna Sharma said in New Delhi. Annual capacity stands at 126 million metric tons and is forecast to rise …

Bloomberg Alibaba Group Holding Ltd. will more than double research and development spending to $15 billion over the next three years to develop next-generation technology, drive its sprawling business and explore moonshot projects that could upend industries. The e-commerce giant plans to set up seven research labs and hire 100 scientists around the world to delve into artificial intelligence, the …