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India’s first underwater metro nears completion

Bloomberg Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs. The authority is awaiting 20 billion rupees ($280 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan ...

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New Singapore law allows global crypto firms to expand locally

Bloomberg Singapore introduced new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time. The Payment Services Act, which comes into force Tuesday, is the first comprehensive regulation for companies handling activities ranging from digital payments to trading of tokens such as Bitcoin and Ether. ...

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China seeks apology from Danish paper over cartoon

Bloomberg The Chinese Embassy to Denmark wants the newspaper Jyllands-Posten to apologise for publishing a drawing that depicts China’s flag with virus symbols instead of five stars. “We express our strong indignation and demand that Jyllands-Posten and [cartoonist] Niels Bo Bojesen reproach themselves for their mistake and publicly apologise to the Chinese people,” the embassy said in a statement on ...

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