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Modi’s budget falls short amid growth worries in India

Bloomberg Indian PM Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan — delivered by finance minister Nirmala Sitharaman — proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and ...

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Japan prosecutors issue arrest warrant to Ghosn

Bloomberg Prosecutors in Tokyo issued a fresh warrant for the arrest of ex-Nissan Motor Co Chairman Carlos Ghosn, who jumped bail and fled the country last month to escape trial for alleged financial crimes. The Tokyo District Public Prosecutors Office issued the warrant on Ghosn for illegally departing Japan, where the former auto executive was charged with failing to fully ...

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Huawei scouts Europe for tech startups

Bloomberg Huawei Technologies Co is in talks about investing in European tech startups and contributing to research in a bid to secure its supply chain as tensions with the US escalate, people familiar with the matter said. In the final weeks of 2019, Huawei executives visited startups and venture capital firms in countries including Germany and France, they said. The ...

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