Colombo / AFP A key military ammunition dump in Sri Lanka exploded Sunday showering shrapnel over a large area on the edge of the capital forcing thousands to flee to safety, officials said. There were no immediate reports of casualties at the Salawa military camp where security forces are known to store some of their heavy weaponry and ammunition, ...

  Mumbai / Reuters Tata Motors Inc.’s Jaguar Land Rover said it sued Jiangling Motors Co. over copyright and unfair competition. Reuters reported that the dispute is over the Chinese company’s Landwind X7 sport utility vehicle that looks like the Land Rover Evoque, citing a person with familiar with the matter. Stuart Schorr, a Jaguar Land Rover spokesman, confirmed a ...

  Gwalior / AFP In an intensive care unit, a nurse soothes a crying baby rescued in a raid on a private Indian hospital that police suspect was selling abandoned newborns on the black market. “She is too weak and needs special care,” the nurse said, patting the girl born underweight and premature and receiving treatment at another hospital, run by ...

  Bloomberg The Swiss probably rejected two popular initiatives that constituted the latest threat to the country’s business-friendly environment. Voters dismissed a measure that would have reduced the pay of Swisscom AG’s chief executive officer by three quarters and also shot down a proposal to establish a universal basic income, according to projections broadcast on Swiss television SRF on Sunday. ...

  Bloomberg It was the first country ever to venture into offshore wind power. Now, Denmark is scaring off potential investors by abandoning some of the policies that once helped make it an international poster child for green energy. The center-right government of Lars Loekke Rasmussen wants to scrap an electricity tax that has helped subsidize wind turbines since 1998. ...

  Bloomberg Denmark will always belong inside the European Union no matter what the outcome of Britain’s June 23 referendum on its EU membership, Prime Minister Lars Loekke Rasmussen said. “I’m not blind to the fact that the EU makes mistakes,” Rasmussen said according to the text of a speech delivered on Sunday. “Decision making can be too slow and ...

  Bloomberg Norway’s first-ever withdrawal from its $860 billion sovereign wealth may be bigger than planned. Here’s why: The government has yet to account for a potential decline in payouts from Statoil ASA, of which it owns 67 percent. The oil producer has introduced a scrip dividend, allowing investors to take stock in-lieu of cash. Norway has committed to keeping ...

  Vienna / AFP OPEC looks to be in a happier place with oil prices recovering, but its inability to agree an output ceiling to restrain the flow of crude betrays lingering divisions that could spell trouble ahead, analysts warn. Meeting in Vienna on Thursday, the Organization of the Petroleum Exporting Countries expressed confidence that the crisis of the past ...

  Bloomberg Policy makers should move beyond short-term budget and inflation targets that leave their economies exposed to longer-term debt bubbles like the ones hindering growth since the 2008 financial crisis, Bank of Canada Governor Stephen Poloz said. Central banks with inflation targets like Canada’s are finding that the benefits gained from short-term stability can create dangers in the background ...

  Bloomberg Sun International Ltd. headed for the biggest three-day gain in seven years in Johannesburg after the hotel operator won approval for the merger of its Latin American assets with Dreams SA. It’s poised for the largest gain since March 2009 in the three sessions after Sun International reported completing sign-off for the transaction from gambling regulators. Volume traded ...