Thomas Cook Group Plc’s rescue by Fosun Tourism Group moved a step closer as creditors approved a 900 million-pound ($1.1 billion) bailout led by the Chinese investor. The ailing British travel company’s shareholders could be forgiven for thinking they have got the loungers on the shady side of the pool. Under the terms of the deal, Fosun will own 75% ...

China has long promoted its traditional medicinal system as a national treasure and more recently as a tool of soft power. While the ancient art remains a policy priority, however, it faces very modern challenges including rising costs, complexities of production and treatment, and murky intellectual property rights. Chinese medicine practitioners have been treating patients with herbal medicine and acupuncture ...

The beleaguered Indian economy is finally making a sensible bargain with the rest of the world: “Take our billion-plus customers, give us jobs.” Under a new foreign direct investment policy announced by Prime Minister Narendra Modi’s government, India is undertaking its biggest liberalisation of single-brand retail in seven years. One major concession: Contentious local sourcing requirements will need to be ...