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Changing weather to push Rwanda inflation: Central bank

Bloomberg Changing weather patterns are pushing up food prices and will drive inflation in Rwanda for the first few months of this year, central bank Governor John Rwangombwa said. Unexpectedly heavy rains in the second half of 2019 caused some crop damage and food inflation reached 23.8% in December, the highest in almost three years. “Because of the bad rains ...

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Air India’s bidders must absorb $3.3b debt to buy carrier

Bloomberg India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier. Expressions of interest are invited by March 17, according to preliminary terms published on Monday. The entire company will be ...

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Japanese retailers take hit from virus at home, abroad

Bloomberg For already-suffering Japanese retailers, the rapidly spreading novel coronavirus could further dent business by keeping away one of their few growing groups of patrons: Chinese shoppers. China’s efforts to control the coronavirus have led to a ban on all tour groups heading overseas, and shut down transportation in multiple large Chinese cities. Limiting the movement of would-be Chinese customers ...

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