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Probe finds $270m missing after coffee king’s suicide

Bloomberg An investigation into Coffee Day Enterprises Ltd, initiated by its board after the death of founder VG Siddhartha, is likely to conclude that at least 20 billion rupees ($270 million) is missing from its accounts, according to people familiar with the matter. The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest ...

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Virus may boost Tencent’s growth

Bloomberg Tencent Holdings Ltd picked up millions of new gamers during the global coronavirus outbreak — yet that surge in mobile play may be slowing as world’s No 2 economy goes back to work. The quest for entertainment among millions confined to home translated into a big boost for Tencent’s marquee games, Honor of Kings and Peacekeeper Elite. That helped ...

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Thai economic outlook among Asia’s weakest

Bloomberg Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks. The steps to be considered include placing more curbs on foreign arrivals, cancelling events with big crowds and closing entertainment venues deemed risky for spreading the virus. Confirmed cases jumped by 32 on ...

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