Bloomberg The success of Prime Minister Narendra Modi’s ambitious plan to electrify all households in India by December 2018 faces a familiar hurdle: the money-losing state power retailers. Modi earlier this week announced the government will spend 163.2 billion rupees ($2.5 billion) to provide electricity connections to every home in India by the end of next year, ahead of an ...
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September, 2017
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30 September
Tata Motors wins India contract to supply 10,000 electric cars
Bloomberg Tata Motors Ltd. won an India government order for 10,000 electric cars as the country makes efforts to reduce emissions and curb fuel imports. The maker of high-end Jaguar and Land Rover models and the Nano small car will initially supply 500 vehicles to government-backed Energy Efficiency Services Ltd. in November, with the remaining 9,500 autos to be delivered ...
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30 September
Korean Fund worth $9.1bn mulls Europe student housing
Bloomberg Student housing in Europe and Australian infrastructure are luring global funds out of their comfort zone, as a South Korean manager of local government employee savings joins peers around the world getting creative overseas in search of better returns. Institutional investors from Seoul to New York are increasingly on the prowl for alternative assets, as low interest rates at ...
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30 September
Hong Kong apartment sets Asia price record
Bloomberg A luxury home in Hong Kong set a price record for apartment sales in Asia, even as the government seeks to tame property prices in the world’s least affordable market. The penthouse duplex unit in Henderson Land Development Co.’s 39 Conduit Road project was sold for about $67 million, or HK$105,000 per square foot, the city’s Sing Tao Daily ...
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30 September
Australian Navy to help 11,000 flee from Volcano
Bloomberg Australia is sending a naval vessel to help Vanuatu in its efforts to evacuate 11,000 residents from Ambae Island as a volcano there threatens to erupt. The HMAS Choules left Australia on Saturday morning and is expected to arrive in the middle of next week, the Australian government said . The Choules is carrying specialists, supplies and a landing ...
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30 September
Right way to do regime change in Venezuela
Unsurprisingly, President Donald Trump hasn’t held back when speaking about the political crisis in Venezuela. Before the United Nations General Assembly, he demanded the full restoration of “democracy and political freedoms†in the Latin American country. A month earlier, he stunned many by stating that he would not rule out a military intervention. His UN ambassador, Nikki Haley, has echoed ...
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30 September
Japan election sets up two-horse race
Japan’s main opposition party agreed to merge with a new group created by Tokyo Governor Yuriko Koike, setting her up as the main challenger to Prime Minister Shinzo Abe as he dissolved parliament ahead of an October 22 election. The Democratic Party, one of Japan’s top political forces for the past two decades, decided on Thursday to run its candidates ...
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30 September
Don’t relax the rules on coal ash disposal
When you think of pollution from coal-fired power plants, you may envision dark soot puffing out of tall smokestacks, peppering the air and making it harder for people to breathe. But since technology has eliminated much of this airborne pollution, what’s worse for the environment now is coal ash, a sludge that pours from US power plants at the rate ...
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30 September
The new Republican tax plan still isn’t a plan
With the release of their new “framework” for tax reform, President Donald Trump and congressional Republicans have once again succeeded in avoiding an actual plan. At best, it’s the start of a process that might conceivably lead somewhere. The framework has some commendable principles—calling for simpler, lower taxes for businesses and the middle class; a broader tax base with fewer ...
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30 September
Democrats should cut a border deal with Trump
“We have to get massive border security,” President Donald Trump declared 10 days ago. There has to be “100 percent operational control” of America’s border with Mexico, Senator John Cornyn, a Texas Republican, likes to say. This is good stuff for the conservative base, evoking the specter of hordes of lowlife immigrants storming across the border and threatening US security ...
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