New Delhi / AFP Ratings agency Fitch said Tuesday it would revise down its India growth forecasts for the fourth quarter of 2016 after the country’s shock move to pull most of its currency out of circulation. Fitch Ratings said the move, aimed at forcing Indians to declare their untaxed money, had created a cash crunch that “seems to ...

  Bloomberg A small Japanese company that specializes in rubber masks has been unable to deal with a sudden surge in demand for Donald Trump masks since his surprise victory in the US. presidential election on November 8. “We can’t keep up with demand—it will take us until mid-December to catch up with the orders we have now,” Takahiro Yagihara, ...

  Beijing / AFP German auto giant Daimler said on Tuesday it removed a top executive of its China trucks and buses unit, after his allegedly racist remarks in a parking row became national news. Rainer Gaertner, president and CEO of Daimler Trucks & Buses China, got into an argument with a local driver after seizing the parking spot he ...