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Bloomberg Zydus Wellness Ltd., with parent Cadila Healthcare Ltd., agreed to pay 46 billion rupees ($628 million) to acquire some Kraft Heinz Co. businesses in India to strengthen their presence in the world’s fastest growing major economy. Zydus will gain control of nutrition drink Complan, instant-energy drink Glucon-D, talcum powder brand Nycil and ghee brand Sampriti from the acquisition of ...

Bloomberg Singapore’s long romance with public housing is going through a rocky patch, threatening to undermine one of the most popular government policies. For decades, the no-frills, affordable apartments have been integral to the city-state’s way of life, helping young couples achieve their dreams of home ownership and housing the bulk of the population — while providing a stepping stone ...

Bloomberg Microsoft Corp. posted another quarter of brisk revenue growth driven by cloud services, underscoring the company’s success in shifting its business towards internet-based computing. The stock rose in early trading. Profit and sales for the period ended on September 30 exceeded analysts’ estimates, with revenue from Azure cloud-computing services jumping 76 percent. Office 365, the internet- based versions of ...

Bloomberg Prominent scientists are sounding the alarm on Brexit. UK researchers worry that a sharp break in ties with the European Union or failure to work out a deal could lead to an exodus of highly skilled specialists, crippling research, the Francis Crick Institute said. A survey of more than 1,000 staff members at the UK’s biggest biomedical research lab ...

Bloomberg Issuance of second-lien loans in Europe has surged this year as more borrowers tap into the growing appetite from private debt investors who are keen to source higher-yielding paper. Supply volumes have been further boosted by a handful of larger transactions that includes this week’s 500 million euro ($571 million) second-lien loan for hearing-aid maker Sivantos Pte Ltd. and ...

Bloomberg Orders placed with US factories for business equipment declined in September for a second month, a sign momentum in capital investment has paused as global trade concerns persist, Commerce Department figures showed. The report showed declines in bookings for electrical equipment, appliances and components, while orders for computers and electronic products were unchanged. Categories with gains included motor vehicles ...

Bloomberg Daimler AG has its work cut out to get a fourth-quarter earnings bounce. After two consecutive profit warnings, the German manufacturer of Mercedes-Benz cars sees improvements by clearing out vehicle stock in Europe and maintaining sales momentum in China, the Stuttgart-based company said in a statement. Neither will be easy. “Daimler is certainly not alone when hoping for a ...

Bloomberg Comcast Corp. climbed in early trading after its focus on improving its internet service paid off in the third quarter, with the largest US cable provider posting a big increase in broadband subscribers. The company added 363,000 internet subscribers in the period, a 70 percent increase from a year earlier. Comcast has had only one previous quarter in the ...

Wherever he is, President Donald Trump exults in the US economic boom, calling it, falsely, the strongest in history. (He’s just recently stopped making the same inaccurate claim for the US stock market.) He even bragged about having a “magic wand” he could wave to conjure jobs and growth. Never mind that almost 13 million of the 17 million jobs ...

So daunting is the challenge of overhauling the global energy system to prevent further catastrophic climate change, that just thinking about it feels paralysing. It’s been done before though, at least on a national level. During the 1970s and 1980s France built scores of nuclear power plants that now provide almost three-quarters of the country’s electricity. At the time, French ...