Bloomberg India may need to borrow more for a second straight year to compensate its states for their revenue loss due to a shortfall in a nationwide consumption tax collection, according to people with knowledge of the matter. The additional borrowing requirement is estimated at $21.7 billion in the fiscal year started April 1, said the people, who asked not …

Bloomberg Mexico’s aviation-safety ranking has been downgraded by the US, prohibiting an expansion of flights from the nation’s carriers to its northern neighbor. The move by the Federal Aviation Administration is a symbolic blow to Mexico at a time when it has become by far the biggest international market with the US and may force an end to business agreements …

Bloomberg The European Union’s air-safety regulator told airlines to avoid flying over Belarus, saying the diversion of a Ryanair Holdings Plc flight raised doubts about the Eastern European nation’s respect for international aviation rules. The safety bulletin issued by the European Union Aviation Safety Agency (EASA) unifies the region after several of its member states and the UK issued similar …