Bloomberg Singapore will boost spending on health care for its aging population, give some citizens a tax rebate and tighten restrictions on foreign workers ahead of an election that could come as early as this year. The government is projecting an overall budget deficit of 0.7 percent of gross domestic product in the year ending March 2020, compared with a ...

Bloomberg China’s space ambitions are shifting into a higher orbit. Following its successful and world-beating trip to the far side of the moon, China is preparing to build a solar power station in space, as the world’s No. 2 economy strives to burnish its superpower credentials. With an $8 billion annual budget for its space program, second only to the ...

Bloomberg Former Indian billionaire Malvinder Singh has filed a criminal complaint accusing his younger brother of siphoning funds from their family holding company and fraudulently diverting them to a renowned spiritual guru, the latest twist in the unraveling of a $2 billion empire. Shivinder Singh allegedly directed the holding company to acquire debt-ridden firms which collectively lent 10 billion rupees ...