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India inflation quickens in May

  New Delhi / AFP India’s consumer prices rose faster than expected in May due to higher food costs, official figures showed, which will likely lead the central bank to hold off lowering interest rates. The inflation rate increased to 5.76 percent from a year earlier, substantially higher than the 4.8 percent recorded in March and 5.4 percent in April, ...

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China, USA to iron out cybersecurity rift

  BEIJING / AP Chinese and American officials said on Tuesday they’re committed to bridging their differences on cybersecurity and moving to implement recent agreements, as they held talks amid complaints over China-based hacking operations that the US says may have already cost US companies tens of billions of dollars. Repeated meetings between the sides on cybersecurity indicate the seriousness ...

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Japan to use coal as leading power source by 2019

  Tokyo / Bloomberg Coal is set to overtake gas within the next three years as the largest generator of power in Japan as power utilities replace aging nuclear capacity with the fossil fuel, Bloomberg New Energy Finance said. Nuclear power, which accounted for about 29 percent of Japan’s total power output before the 2011 Fukushima disaster, will peak at ...

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