Bloomberg As Russia’s invasion of Ukraine heads towards the two week mark, the stakes for both sides in the ground war look set to rise, with potentially catastrophic implications for Ukrainian civilians and greater challenges for the country’s so far remarkably successful defense. President Vladimir Putin said again the war will continue until Ukraine accepts his demands and halts resistance, ...

Bloomberg Chinese President Xi Jinping expressed zero tolerance for anything that could undermine ethnic harmony in the world’s No. 2 economy, a sign he’s sticking to assimilation policies that have led to unrest and allegations of human rights abuses. “Only when all ethnic groups live in unity and harmony can there be a prosperous country, a stable society and a ...

  Bloomberg President Cyril Ramaphosa defended South Africa’s decision to abstain from a United Nations resolution condemning Russia’s invasion of Ukraine, after drawing US and European Union criticism over its stance. South Africa was among 35 countries that abstained from the March 2 vote criticizing Russia. After the vote, the US ambassador called on South Africa to take sides in ...

Bloomberg China’s export growth moderated in the first two months of the year, pointing to more stable global demand as multiple risks cloud the outlook. Exports rose 16.3% in dollar terms in the January-February period from a year earlier, data from the General Administration of Customs showed on Monday, beating the 14% median estimate in a Bloomberg survey of economists. ...

  Bloomberg Tata Consultancy Services plans to overhaul its organisational structure with specialized groups targeted to help startups as well as large global firms as Asia’s largest software outsourcing provider gears up to double its revenues to $50 billion before 2030, according to people familiar. The Mumbai-based company will create four internal teams — a business transformation group, incubation group, ...

Bloomberg TikTok says it’s suspending livestreaming in Russia amid the country’s new “fake news” law that’s aimed at silencing dissent and limiting information about its invasion of Ukraine. “We have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law,” the company announced in a series of tweets. ...

  Bloomberg Vietnam’s catfish and tuna exporters suspended shipments to Russia and Ukraine and are refraining from entering new contracts after the US and Europe imposed sanctions on Russia after its invasion of Ukraine. The shippers said their Russian buyers declined to pay for their orders because of the plunge in the ruble to a record low, while payments through ...

Bloomberg Sales of electric vehicles in India tripled last year to 14,800 units and there are growing signs of momentum in this key potential market of 1.4 billion people. Impatient consumers rushing to switch from gasoline-powered two wheelers to electric scooters have been haranguing startups like Ola Electric on social media over the waiting times for deliveries. Luxury brands are ...

  Bloomberg Major stock markets from Europe to Asia are heading for bear markets — falling more than 20% from highs — amid fears of an inflation shock as crude oil soared on the prospect of a ban on Russian supplies. Europe’s Stoxx 600 dropped more than 3% on Monday, while US equity index futures and an Asian share index ...

  Bloomberg The Indian rupee tumbled to a record low, while stocks and bonds also slumped as a relentless surge in oil prices darkened the nation’s economic outlook. India relies on overseas purchases to meet about three-fourths of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices. Oil prices, already up more than ...