Bloomberg Oyo Hotels, the once high-flying Indian startup, reported a narrower quarterly loss after curbing spending to cope with a slow recovery in travel following the pandemic. The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter, the company said in a statement. Revenue was little ...

Bloomberg Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce, according to Boston Consulting Group (BCG). With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand, BCG ...

  Bloomberg India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, ...

  Bloomberg Tesla Inc is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3 cars, the ...

Bloomberg Taiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections handed China-skeptic President Tsai Ing-wen’s party historic losses. The ruling Democratic Progressive Party won just five of 21 city- and county-level races, its worst showing since its founding in 1986. The opposition Kuomintang, which historically has an advantage ...

  SEOUL / WAM Five people were killed on Sunday in a helicopter crash in the eastern coastal county of Yangyang in South Korea. Yonhap news agency quoted fire officials as saying that the chopper, an S-58T, crashed on a hill around 10:50am local time, while surveying the area against forest fires. The helicopter was smashed into pieces and burst ...

  Bloomberg Malaysia’s Islamic party declined to join newly appointed Prime Minister Anwar Ibrahim’s unity government. Parti Islam Se-Malaysia, or PAS, which won the most seats of any party in the recent general election, will instead act as a “constructive opposition,” Secretary-General Takiyuddin Hassan said in a statement. The decision was made to “respect and trust the mandate of the ...

Bloomberg Pakistan’s former premier Imran Khan said his lawmakers are quitting regional legislative assemblies, ending his months-long protest, to mount further pressure for snap elections days after the appointment of a new army chief. “We won’t be part of this system anymore,” he said at a packed rally in the garrison town of Rawalpindi, an event that he pressed on ...

Bloomberg Indonesian President Joko Widodo urged his supporters to vote for a “fully white-haired” leader, his most upfront show of support yet for a presidential hopeful. “Look at the leader’s hair too, if it’s fully white, that means they are thinking about the people,” Jokowi, as the president is popularly known, said to his almost 150,000 supporters gathered at a ...

  Bloomberg Venezuela’s battling political factions restarted negotiations in Mexico, signing a rare deal to work together on a humanitarian spending plan and setting the stage for the US to ease rules on Chevron to operate in the country. Representatives of the Venezuelan government and the opposition signed a humanitarian agreement that seeks to get access to some of the ...