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Bloomberg Prime Minister Narendra Modi has allowed India’s subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals. Although Modi has a reputation for reducing India’s huge subsidy expenditure, data shows he’s missed the chance to rein it in. And as he prepares for state and national elections, subsidy reforms ...

Bloomberg Toshiba Corp. is bringing in an outsider to lead the Japanese electronics maker battered by accounting scandals, record losses and divestment of businesses. Nobuaki Kurumatani, 60, representative director of CVC Capital Partners Ltd. in Japan and former vice president at Sumitomo Mitsui Banking Corp., will become chief executive officer and chairman of Toshiba Corp., the Tokyo-based manufacturer said in ...

Bloomberg The Trump administration is signaling progress on Nafta talks, particularly with Mexico, as Republican lawmakers voice support for a trade deal President Donald Trump has threatened repeatedly to abandon. The US is making “headway” in its efforts to renegotiate the North American Free Trade agreement, Trade Representative Robert Lighthizer said at a meeting with the president and a bipartisan ...

Bloomberg Businesses in the Czech Republic are fretting over a debate about a new referendum law, warning it has the potential to trigger a vote on a Brexit-style departure from the European Union that would devastate the economy. The pushback from business came after Prime Minister Andrej Babis’s ANO party held talks last week on introducing referendums with a far-right ...

Bloomberg With no let-up in sight for listed UK real estate agents, the companies could find themselves the targets of a wave of M&A activity. So say industry analysts and executives, who note that traditional high-street players like Foxtons Group Plc and Countrywide Plc face a stagnant housing market while losing market share to online competitors. Investors are running out ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Roberto Azevedo, Director-General of the World Trade Organisation (WTO), who is participating at the World Government Summit (WGS 2018). During the meeting, Sheikh Mohammed and Azevedo discussed a number of topics related to global trade ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received Jean Lemierre, Chairman of the Board of Directors of BNP Paribas, a French international banking group, which recently opened a branch in the Abu Dhabi Global Market (ADGM). During the meeting, Sheikh ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, met Audrey Azoulay, Director-General of the United Nations Educational, Scientific and Cultural Organisation (UNESCO), on the sidelines of the WGS 2018. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai ...

Dubai / Emirates Business Seeking to redefine the value shopping space in the UAE retail arena, Al Ahli Holding Group announced a significant development in the Dubai Outlet Mall expansion on Tuesday. Dubai Outlet Mall secured an Islamic club financing facility worth AED 1.25 billion ($340 million) for the expansion and general corporate purposes. Dubai Outlet Mall is part of the ...

Bloomberg US forces killed scores of Russian contract soldiers in Syria last week in what may be the deadliest clash between citizens of the former foes since the Cold War, according to a US official and three Russians familiar with the matter. More than 200 mercenaries, mostly Russians fighting on behalf of Syrian leader Bashar al-Assad, died in a failed ...