Bloomberg India is urging its power producers to look overseas for new markets as fewer new plants are needed at home amid surplus generation capacity. The Indian government is encouraging state-run power producers to build plants overseas, Coal and Power Minister Piyush Goyal said in an interview Saturday. The country is projected to report surplus power supply for the ...

  Bloomberg India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd. “You can definitely expect $2 to $3 addition to the refining margin,” Mukesh Kumar Surana, chairman and managing director at Hindustan Petroleum Corp., said in ...

  Bloomberg Cracks are starting to show in China’s labour market as struggling industrial firms leave millions of workers in flux. While official jobless numbers haven’t budged, the underemployment rate has jumped to more than 5 percent from near zero in 2010, according to Bai Peiwei, an economics professor at Xiamen University. Bai estimates the rate may be 10 percent ...

  Dubai / Emirates Business As the world’s leading trade show for consumer electronics, IFA 2016 will be a platform for forward-looking technology brands to showcase their innovations from September 2 to 7. Ahead of the much sought-after show by technology tastemakers and influencers, LG sheds light on the various consumer trends that will be reflected at the show. While ...

  Bloomberg Apple Inc. invited journalists to an event in San Francisco on Sept. 7 where the world’s most valuable public company is expected to roll out a series of product upgrades. The invitation showed out-of-focus multicolored lights against a black background. The company is expected to introduce next-generation versions of the iPhone and Apple Watch at the event. The ...

  Bloomberg EE, the mobile division of telecoms provider BT Group Plc, said it would offer free subscriptions to Apple’s streaming music product, Apple Music, to fend off rivals vying for customers in the U.K.’s crowded mobile marketplace. New EE post-paid contracts and renewals will come with six free months of Apple Music starting Sept. 1, Marc Allera, EE’s CEO, ...

  San Francisco / AFP Google executive David Drummond left the Uber board of directors as competition revs up between the companies over self-driving cars. “I recently stepped down from Uber’s board given the overlap between the two companies,” Google chief legal officer Drummond said in a statement. Drummond noted that Google remains an “enthusiastic investor” in the on-demand ride-sharing ...

  Relaxnews Google has announced the distribution of the definitive version of its new operating system Android Nougat. Initially, all of the handsets that participated in Google’s Android beta program will be updated with the final version of Android 7.0. Thereafter, Android Nougat will be rolled out to the Nexus 6, Nexus 5X, Nexus 6P, Nexus 9, Nexus Player, and ...

  Bloomberg When Deona Duke woke up from a medically-induced coma to begin recovering from burns that covered almost a third of her body, one of her treatments was hurling snowballs at penguins. The 13-year-old was set on fire when a bonfire exploded on her and her friend. To prevent infection, burn victims need their bandages changed and dead skin ...

  Gaza City / DPA From the roof of his house, Said Abu Nasser gazes over the concrete jungle of Gaza. There are no seating areas, no parasols and hardly any plants on the surrounding rooftops. But next to Abu Nasser, green and red pepper, and mint thrive in blue plastic tubs. Six stories below, the 53-year-old has also created ...