Bloomberg Surging bids for Singapore land aren’t sustainable in a market constrained by demographics and the government’s cooling measures, according to the head of a developers’ association. “It is not sustainable to continue at this rate,” Augustine Tan, president of the Real Estate Developers’ Association of Singapore, said on Wednesday. “With property measures in place, slow growth in Singapore’s population ...

Bloomberg Billionaire Anil Ambani’s battle to chip away at the $7 billion his telecom company owes its debtors seems to get harder with each passing day. The failure of a plan to merge with rival Aircel Ltd. to gain scale and pare borrowings has sent Reliance Communications Ltd. back to the drawing board to stitch together alternate deals to sell ...

Bloomberg India is pushing to renegotiate more liquefied natural gas deals after its success in reaching agreements with some of the world’s largest energy suppliers. GAIL India Ltd., the nation’s biggest gas utility, is working towards renegotiating two more long-term deals, according to the company’s chairman. Those would follow new deals with Qatar’s RasGas Co. in 2015 and Exxon Mobil ...

Bloomberg Amazon.com Inc. was hit by a European Union order to pay 250 million euros ($294 million) plus interest in back taxes to Luxembourg as the world’s biggest online retailer became the latest US giant to fall foul of the bloc’s state-aid rules. The European Commission also said it’s suing Ireland for foot-dragging in its efforts to recover “even part” ...

Bloomberg As part of a wide-ranging investigation into how Russian-linked operatives harnessed social media during the 2016 US election, lawmakers are homing in on Google services including YouTube and Gmail. The Senate has called Alphabet Inc.’s Google to testify on November 1, along with executives from Facebook Inc. and Twitter Inc. A US House of Representatives panel, which is running ...

Bloomberg Brexit could cost the UK its position as the leading data market in Europe, a government-funded digital innovation group warns. The British economy could miss out on as much as 67 billion euros ($79 billion) annually by failing to play its cards right in Brexit negotiations with the European Union over data market access, according to a report published ...

Bloomberg PSA Group, the French maker of Peugeot, Citroen and DS autos, is introducing its Free2Move ride-sharing app in Seattle, beginning an incremental push to re-enter the US that could eventually culminate in PSA importing cars to the country. “It’s so crowded here, the last thing you want is a billion-euro investment and not selling enough cars,” PSA’s North America ...

Bloomberg Uber Technologies Inc. will move forward with a major investment deal from SoftBank Group Corp. and approved a slate of governance reforms that will limit the influence of co-founder Travis Kalanick and early backers. The 11-person board voted unanimously to approve sweeping changes to the company’s power structure, the San Francisco-based company said. The plan would expand the size ...

Bloomberg US President Donald Trump was expected to engage in one of the sad rituals of the modern presidency on Wednesday in Las Vegas: consoling survivors of a gunman’s rampage and confronting recurring questions of whether restrictions on firearms can prevent another tragedy. While the president said he was looking forward to “paying our respects and condolences,” he and most ...

Bloomberg US Secretary of State Rex Tillerson said he’s “never considered” leaving his job, rejecting news reports that he had denigrated President Donald Trump and weighed resigning. “My commitment to the success of the president and the country is as strong as it was the day I accepted his offer to serve as secretary of state,” Tillerson, 65, told reporters ...