Bloomberg Coal India Ltd. signed an agreement with workers unions to raise salaries of its non-executive staff, ending months of negotiations over the increase that affects pay until 2021. The state-run miner will incur an average annual cost of $868 million because of the rise, it said in a stock exchange filing. The increase will be effective for five years ...

Bloomberg At the height of the dot-com bubble in late 1999 and early 2000, Masayoshi Son’s net worth was surging by $10 billion a week. For three days, he was the richest person in the world, Son said. But before Son had a chance to tell anyone, SoftBank Group Corp. crashed. The company’s shares plunged 75 percent in two months ...

Bloomberg ­­­­­­­­­­­­­­­ Just over a month after Amazon.com Inc. ate Whole Foods, the shakeout in the American grocery aisle keeps getting uglier. The latest sign of trouble: Private-equity giant Apollo Global Management recently tossed a $50 million lifeline to Fresh Market, the struggling high-end chain it took private only 17 months ago. It will only get worse from here, analysts ...

Bloomberg Social-media giants such as Facebook Inc. and Twitter Inc. will have to reveal the scale of cyber bullying in the UK and face being made to pay the cost of dealing with it. Under the latest guidance by the UK government, technology companies will be required to publish an annual report on how complaints are handled, the reported abuse ...

Bloomberg If the UK can’t guarantee European citizens now working there that their lives will be unaffected by Brexit, then those people should look for jobs in Denmark. The Confederation of Danish Industry, which represents about 10,000 corporations, says now is the time to try to attract that demographic to the Scandinavian country and help deal with a severe labour ...

Bloomberg Procter & Gamble Co. may have prevailed in its proxy fight against activist investor Nelson Peltz, but the contentious showdown has left its investors as divided as ever. The world’s largest consumer-products company said that Peltz fell short of the votes needed to be elected to the board, based on preliminary results. But the investor isn’t going quietly: His ...

Bloomberg Shortly after taking over Uber Technologies Inc. in September, Dara Khosrowshahi told employees to brace for a painful six months. US officials are looking into possible bribes, illicit software, questionable pricing schemes and theft of a competitor’s intellectual property. The very attributes that, for years, set the company on a rocket-ship trajectory—a tendency to ignore rules, to compete with ...

Bloomberg The US ambassador to Turkey said that Secretary of State Rex Tillerson is engaged in talks to try and resolve a major diplomatic break between the two NATO allies, sparking a rally in the Turkish lira even as the envoy said he couldn’t predict the outcome of those efforts. Speaking to reporters at his residence in Ankara, Ambassador John ...

Bloomberg Kenya is bracing for street protests as the East African nation awaits the electoral commission’s response to opposition leader Raila Odinga’s decision to withdraw from a presidential vote rerun that’s threatening a constitutional crisis. Opposition supporters gathered on Wednesday in the capital, Nairobi, and in the western city of Kisumu to join demonstrations called to protest what Odinga said ...

Bloomberg UK Chancellor of the Exchequer Philip Hammond said he will start releasing more money to help the government prepare for a “no deal” Brexit if there aren’t clear signs of progress in talks with the EU by early 2018. “There will be some areas where we need to start spending money in the new year if we can’t tell ...