Bloomberg European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course. Two ships bound towards Europe veered course, taking them away from the Red Sea and Suez Canal, the transit route for gas into the Mediterranean Sea and a …

Bloomberg Indian citizens cannot be forced to enroll for a 12-digit unique identity number to be able file tax returns, the country’s top court said in a ruling that may be a hurdle for Prime Minister Narendra Modi’s plan to move transactions online. The Supreme Court partially stayed a law that made the Aadhaar card mandatory for filing returns or …

Bloomberg China’s producer price gains moderated following further easing in commodity prices, signaling weaker overall inflation pressure in the pipeline. Producer price index rose 5.5 percent in May from a year earlier, compared with an estimated 5.6 percent in a Bloomberg survey and 6.4 percent increase in April. Consumer price index climbed 1.5 percent, versus a prior gain of 1.2 …