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Bloomberg NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation. Plant utilisation at NTPC’s gas-fired stations has almost tripled to 60 percent in the past three to four days, said the officials, who asked not ...

Bloomberg Ant Financial is expected to make a third try for US approval of its takeover of MoneyGram International Inc. as a secretive national security panel throws up hurdles for Chinese investors seeking to buy American companies. The former affiliate of Jack Ma’s Alibaba Group Holding Ltd. is preparing to resubmit the $1.2 billion deal for review before the US ...

Bloomberg McDonald’s Japan took a series of hits starting in 2014 that threatened to crack its Golden Arches: a supplier was selling expired chicken, a human tooth was found in french fries and a child was injured by a plastic shard inside a sundae. Sales plummeted to their lowest since the company went public in 2001, and the chain closed ...

Bloomberg Tata Group’s feud with one of India’s richest families deepened after the country’s biggest conglomerate moved to change its holding company’s legal status to one that would restrict the Mistry family’s ability to sell its stake to external investors. Shareholders of the closely held company, Tata Sons Ltd., are scheduled to vote September 21 on changing its registration to ...

Bloomberg To see the future of artificial intelligence, look East, said venture capitalist Jim Breyer. “China right now represents about half of the most interesting AI investment opportunities in the world,” Breyer said at the CNBC Institutional Investor Delivering Alpha conference in New York. Breyer’s bullishness about China stems from the accelerated deployment of internet technologies in urban and rural ...

­­­­­­­­­­­Bloomberg European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc. and Facebook Inc. to raise money from an industry that they say provides less than it should to public coffers. French Finance Minister Bruno Le Maire told colleagues at a meeting in Tallinn, Estonia, that the bloc should agree to a tax ...

Bloomberg James Murdoch played to concerns about the post-Brexit UK economy in advocating for the approval of 21st Century Fox Inc.’s bid for pay-TV company Sky Plc, as the government committed the deal to months of additional scrutiny. The Fox CEO and son of billionaire Rupert Murdoch, speaking to an audience of broadcast industry top brass, responded to a decision hours ...

Bloomberg Facebook Inc. has given special counsel Robert Mueller extra details on political ad spending from a Russian group that tried to sow discord online ahead of last year’s US presidential election, according to a person familiar with the matter. The social network provided copies of ads and explained how they were targeted and who bought them, said the person, ...

Bloomberg Paris authorities will make it mandatory for all landlords renting their homes through Airbnb Inc. and other online platforms to register before offering lodging, as the city seeks to increase control and crack down on those who unlawfully rent, Le Figaro reported. The measure is meant to curb a housing shortage in the city, the newspaper said, citing the ...

Bloomberg Blue Apron Holdings Inc. Chief Executive Officer Matt Salzberg said the company is keeping its focus on home cooking and related products, a narrow purview that will help shelter it from competitive threats like Amazon.com Inc. The meal-kit company, which at one point suggested it could become an alternative to or even eventually replace grocery stores, is now concentrating ...