Classic Layout

India steel output to more than double by 2031

  Bloomberg Steel mills in India are set to churn out metal at a rapid pace over the next decade and a half with output forecast to more than double bolstered by a growing economy and increasing urbanization, according to the Indian Steel Association. Shares of producers rose in Mumbai. Production is set to climb 10 percent to 12 percent ...

Read More »

VW plans all-electric car for China next year

  Bloomberg Volkswagen, Europe’s biggest automaker, plans to launch its first pure-electric car in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline. The announcement on Tuesday comes on the eve of the Shanghai auto show, which showcases industry efforts to create electric models with consumer appeal. General Motors Co.’s Buick unit and ...

Read More »

Germany venture capitals on hunt for software startups

  Bloomberg Despite a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital, German investors have notched an up-tick in deals over the first quarter and are on the hunt for software startups. Venture capital firms invested $467 million across 87 equity deals in German-based startups in the first quarter, according ...

Read More »

Trump seeks shift in tech outsourcing visa allotments

  Bloomberg President Donald Trump was expected to take aim at information-technology outsourcing comp- anies on Tuesday when he orders a review of H-1B visa programs to favor more skilled and highly paid applicants. An administration official who briefed reporters in advance named Tata Consultancy Services, Cognizant Technology Solutions Corp. and Mphasis Corp. as examples of outsourcing companies that would ...

Read More »

Saudi Arabian bonds provide much-needed breathing room

  Saudi Arabia blazed the global debt capital markets with its first-dollar denominated Islamic bond offering. The $9 billion bond attracted more than three times as many bids as were offered. The money will provide additional breathing room to the government’s finances, just as the $17.5 billion international bond debut last year, which was the largest of its kind in ...

Read More »

China’s tale of two cycles shows bad debt bogeyman lives

  A business cycle upswing is giving the impression that China’s financial vulnerabilities are also on the mend. Yet the evidence in support of this cheery view is patchy at best. Since financial booms and busts play out over a far longer horizon and have a bigger amplitude than more frequent waves in corporate sentiment, a dose of skepticism about ...

Read More »

Weirdly, Trump’s right on privacy

  On one issue, at least, President Donald Trump has united the country: More than 70 percent of the public — across political parties — oppose a bill he signed that rolls back rules protecting online privacy. Unfortunately, it’s an issue on which Trump and the Republican Congress happen to be mostly right. The rules in question, which hadn’t yet ...

Read More »

Restore occupied territories to Palestinians

  Hundreds of Palestinians in Israeli prisons launched a hunger strike demanding better conditions, more contacts with relatives, and to end Israel’s practice of detentions without trial. Thousands staged solidarity march in West Bank and Gaza. The hunger strike was led by Marwan Barghouti, who was arrested during Palestinian uprising in 2002 and convicted on multiple counts of murder for ...

Read More »
Send this to a friend