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China’s battery ace can run on reduced power

China’s electric-car battery champion has had its wings clipped, or so it seems. Investors should breathe a sigh of relief. Contemporary Amperex Technology Ltd., which has been gearing up for an initial public offering for the past year, is now expected to raise a net 5.46 billion yuan ($853 million), less than half its target as of March. The reduction ...

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Big tech firms show contempt for EU privacy rules

The European Union’s General Data Protection Regulation has been in effect for less than a week. It was always clear that a vast number of companies would comply in only the most perfunctory way, at least while the law was being tested. But the big tech companies, sure to face scrutiny, were expected to show a little more rigor. Instead, ...

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Modi govt to review Air India deal after its sale plan flops

Bloomberg Prime Minister Narendra Modi’s government will review plans to sell Air India after his administration’s most high-profile privatisation offer ended in a whimper with no buyers showing interest in the unprofitable flag carrier. The government will make changes to the plan, if needed, Economic Affairs Secretary Subhash Chandra Garg said. As the deadline to show preliminary interest expired on ...

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