Bloomberg ArcelorMittal has made an offer of 48 billion rupees ($672 million) to buy an Essar Power generation plant in India, outbidding the founding Ruia brothers, according to people with knowledge of the matter. The non-binding offer from the world’s largest steel producer to lenders of 1,200-megawatt power plant in the central Indian state of Madhya Pradesh compares with a ...

Bloomberg Huawei Technologies Co.’s founder Ren Zhengfei said “there’s no way the US can crush us,” according to an interview he gave to BBC. “The world cannot leave us because we are more advanced. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit,” he said. The Trump Administration has been ...

Bloomberg China unveiled a sweeping plan to link Hong Kong and Macau with cities in southern China to create a so-called Greater Bay Area, aiming to transform the coastal region into a high-tech megalopolis to rival California’s Silicon Valley. The outline plan, published in Chinese by Xinhua News Agency, said the government will seek to turn the area into a ...