Shanghai / Bloomberg China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said. Overall reforms have advanced impressively in areas from shifting to services as a greater driver of growth to liberalization of financial ...

  New Delhi / AFP India’s consumer prices rose faster than expected in May due to higher food costs, official figures showed, which will likely lead the central bank to hold off lowering interest rates. The inflation rate increased to 5.76 percent from a year earlier, substantially higher than the 4.8 percent recorded in March and 5.4 percent in April, ...

  BEIJING / AP Chinese and American officials said on Tuesday they’re committed to bridging their differences on cybersecurity and moving to implement recent agreements, as they held talks amid complaints over China-based hacking operations that the US says may have already cost US companies tens of billions of dollars. Repeated meetings between the sides on cybersecurity indicate the seriousness ...

  Tokyo / Bloomberg Coal is set to overtake gas within the next three years as the largest generator of power in Japan as power utilities replace aging nuclear capacity with the fossil fuel, Bloomberg New Energy Finance said. Nuclear power, which accounted for about 29 percent of Japan’s total power output before the 2011 Fukushima disaster, will peak at ...

  New Delhi / AFP Scientists from Britain and India will release underwater robots into the Bay of Bengal in a bid to more accurately predict the Indian monsoon critical to millions of farmers, they said on Tuesday. Researchers will also fly a plane packed with scientific equipment over the bay to measure the atmosphere as part of the multi-million ...

  Tokyo / Bloomberg Mitsubishi Heavy Industries Ltd., the biggest shareholder in Mitsubishi Motors Corp., will hold onto its stake in the automaker that Carlos Ghosn is seeking to turn around following a fuel-economy test scandal. The maker of power plant equipment, aircraft and ships will refrain from selling its holdings in Mitsubishi Motors even as it plans to raise ...

  ORLANDO / AP As thousands in Orlando turned out to mourn 49 people killed inside a nightclub, federal investigators examined possible motives for the gunman who committed the worst mass shooting in modern US history. The White House and the FBI said 29-year-old Omar Mateen, an American born Muslim, appears to be a “homegrown extremist” who had touted support ...

  Ciudad Victoria / AFP Police killed eight gunmen who attacked them on a road in northern Mexico and they seized six high-caliber rifles and a grenade launcher after the shootout, authorities said. The federal officers were on patrol on a road in the town of San Fernando, in the violence-plagued state of Tamaulipas, when armed civilians arrived in two ...

  TIRANA/ AP German Foreign Minister Frank-Walter Steinmeier has called on the Albanian political forces to pass a judicial reform package, considered fundamental to convince the European Union launch membership negotiations. Steinmeier, who is to visit Tirana on Tuesday, was quoted by the Albanian Mapo daily newspaper as calling on all political forces “to take over overall state responsibility and ...

  PRISTINA / AP The Kosovo government has amended a draft law to prolong the European Union rule of law mission, known as EULEX, for two years. A statement received on Tuesday said the previous evening the Cabinet met to amend a draft law on prolonging of the EULEX mandate after a letter. The Cabinet acted after President Hashim Thaci ...