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Bloomberg India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade. The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former Chief Economic Adviser Arvind Subramanian says the expansion was overestimated between 2011 and 2017. Rather than growing ...

Bloomberg Salesforce.com Inc., which makes America’s dominant sales-tracking software, agreed to buy Tableau Software Inc. in an all-stock deal valued at $15.3 billion that it said will help give customers more ways to analyse data. The acquisition of software maker will move Salesforce.com further away from its central business, marking a new era for the top seller of software for ...

Bloomberg Slack Technologies Inc. expects growing revenue and higher-than-usual losses in the second quarter, the period in which it’s expected to go public via a direct listing, the company said. Slack, which makes workplace chat and collaboration software, told investors it predicts it will lose $75 million to $77 million next quarter, including about $32 million in one-time expenses related ...

Bloomberg Uber Technologies Inc. rival Bolt, formerly known as Taxify, has relaunched in London — nearly two years after its operating license was revoked by the city’s transit authority. The Estonian company, backed by Daimler AG and most recently valued at $1 billion, said it would compete in the UK capital by offering lower fares for riders, and by taking ...

Bloomberg The recent yield curve inversion has renewed speculation about a potential North American recession and prompted questions about how a contraction would affect households. Though it’s impossible to say for certain when, or even if, such an event will occur, several indicators suggest the pain would be more severe on the Canadian side of the border than in the ...

Bloomberg Hong Kong braced for rare strikes and further protests amid an escalating standoff over a controversial bill that would allow extraditions to mainland China. Local companies said they would suspend work or allow flexible office hours on June 12 to accommodate workers planning to demonstrate near the city’s Legislative Council, which will meet to debate amendments. The Hong Kong ...

Bloomberg Mali’s President, Ibrahim Boubacar Keita, urged citizens to refrain from violence as his government scrambled to deal with the fallout from an attack that left scores of people dead and raised the specter of widespread civil conflict. Extremist insurgencies that have plagued the impoverished West African nation for seven years are increasingly stoking tension between farming communities and groups ...

Bloomberg The US Coast Guard is touting increased operations in the Western Pacific, thousands of miles from American shores, as China’s coast guard and civilian fishing militias increasingly assert the country’s territorial claims. A presence in the South China Sea and elsewhere will help enforce the sovereignty of partner nations in the disputed waters, US Coast Guard Pacific Area Commander ...

Bloomberg Moldova’s newly declared Prime Minister Maia Sandu said her decision to form a parallel government in the former Soviet Republic is perilous and urged the former ruling party still claiming power not to turn the country into a second Venezuela. Speaking from Chisinau, the 47-year-old former World Bank adviser insisted that her administration will be wholly pro-European even though ...

Bloomberg In Haiti’s historic breadbasket, a dozen farmers worked in ankle-deep water, stooped under a piercing blue sky in a lush region dominated for generations by rice fields, and more recently by roving bands of armed men. The gunmen, linked to an infamous gang leader named Arnel Joseph, have been waylaying travellers in the Artibonite Valley, driving out police and ...