Bloomberg India’s oil consumption surged 4.5 percent in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. The nation’s total oil demand expanded to 17.7 million tonnes in the month from 16.9 million a year ago, rising for eight straight months, according to the oil ministry’s Petroleum Planning & Analysis Cell. Demand ...

Bloomberg Fifty-two Palestinians were killed in confrontations with Israeli troops after tens of thousands converged on the Gaza Strip border in a violent protest, throwing a pall over President Donald Trump’s contentious inauguration of a US embassy in Jerusalem. It was the deadliest day in Hamas-run Gaza since Israel warred with protesters there in 2014. Hundreds were also wounded by ...

­­­­­­Bloomberg MI5 chief Andrew Parker warned of the continued threat of attacks on Britain from Russia and the IS militant group in a rare speech outside the country on Monday. Speaking publicly for the first time since the attempted murder of former Russian spy Sergei Skripal and his daughter in Salisbury in March, Parker said in Berlin that the incident ...

Bloomberg President Donald Trump and North Korean leader Kim Jong Un appear to be on a collision course over what comes first: Disarmament or sanctions relief. On Sunday, two of Trump’s top national security officials — Secretary of State Mike Pompeo and National Security Adviser John Bolton — both said the US needs proof that North Korea’s denuclearisation is complete, ...

Bloomberg A wave of deadly bombings in Indonesia has put the spotlight on lawmakers and anti-terrorism laws that give police enhanced powers to take preemptive action but which have languished in the parliament since 2016. President Joko Widodo said on Monday the government may issue a rule in lieu of law, known as perpu, if parliament fails to pass revision ...

Bloomberg Pakistan’s top military and civilian leaders on Monday rejected criticisms by former premier Nawaz Sharif over the nation’s handling of militant groups and the 2008 Mumbai attacks. “It was very unfortunate that the opinion arising out of either misconceptions or grievances was being presented in disregard of concrete facts and realities,” according to a statement released by Prime Minister ...

Bloomberg South Africa’s government seized control of North West province as a way to force out Premier Supra Mahumapelo from his post after weeks of violent protests in the region. The move may help President Cyril Ramaphosa to strengthen his grip over the ruling African National Congress after he won control of the still divided party in a tight election ...

Bloomberg The US and China signalled a desire to avoid a costly trade war after President Donald Trump offered a lifeline to beleaguered telecom equipment maker ZTE Corp. and China’s Xi Jinping dispatched his top economic adviser to Washington. Vice Premier Liu He — who is Xi’s top aide for economic matters — was expected to travel on Tuesday to ...

Bloomberg Tesla Inc. has set up a new wholly owned company in Shanghai, moving a step closer to producing its electric vehicles in China and establishing its first gigafactory outside US shores. Tesla’s Hong Kong division registered the new company with a capital of $15.8 million, the National Enterprise Credit Information Publicity System said on its website. The business scope ...

Bloomberg Samsung Electronics Co. is trying again to chip away at Apple Inc.’s long-ago $1 billion victory in their legal fight over smartphone technology — by disassembling the iPhone. The companies on Monday were expected to replay a battle that started in 2011. The retrial before before US District Judge Lucy Koh in San Jose, California, isn’t about whether the ...