Xiaomi Corp. is going to double down on India. Literally. Chairman and CEO Lei Jun sat down with Bloomberg’s Saritha Rai and Jason Gale in Bangalore this week to explain how he plans to resume rapid growth. The Chinese smartphone maker will spend $500 million in the country over the next three to five years, after spending a similar …

  President Donald Trump is poised to sign legislation to overturn Federal Communications Commission rules forbidding internet service providers from selling data they have vacuumed up about the online habits of their customers. Privacy groups are understandably perturbed. But I wonder whether all the brouhaha is just shouting at the horse to come back long after he’s left the barn. …

  Bloomberg The UK is trying to kill a planned European Union rule for foreign banks that will become crucial for its own lenders after Brexit. Teaming up with Luxembourg, a host for many foreign banks’ EU units, London declared its opposition to plans to force banks from outside the bloc to consolidate their activities under a single entity, according …