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Bloomberg When Prime Minister Narendra Modi’s government approved $256 million to upgrade a section of a remote border road last month, few took notice. Yet India’s decision to revive plans for the trilateral highway, part of an ambitious 1,360-kilometre (845 mile) crossing to link northeastern India with markets in Thailand and beyond, marks the next phase in the jostle between ...

Bloomberg Nearly six months after his turbulent elevation to run India’s biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the group’s biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to interviews with senior executives. As many as one-third of the group’s 100-plus units could ...

Bloomberg Delhi will have the fastest growth of any city in Asia, with the economy to be almost 50 percent larger in 2021 than it was at the end of last year. Indian cities are set to expand the most across the region, with growth speeding up from the past 5 years, according to a new study from Oxford Economics, ...

Bloomberg Gold imports by India are said to have risen in July on arrival of some delayed shipments booked ahead of the implementation of a new national goods and services tax on July 1, according to sources. Inbound purchases rose to 53.4 metric tons last month from 22 tons a year earlier, said the person, who didn’t wish to be ...

Bloomberg President Donald Trump’s threat to hit North Korea with “fire and fury” jolted markets from New York to Seoul even as US lawmakers questioned the president’s willingness to back up the heated rhetoric. “North Korea best not make any more threats to the United States,” Trump told reporters in Bedminster, New Jersey, on Tuesday. “They will be met with ...

Bloomberg Police arrested a man they suspect was the driver who rammed his car into a group of soldiers patrolling in the Paris suburb of Levallois-Perret on Wednesday morning, Agence France-Presse reported. The Paris prosecutor opened an anti-terrorism probe into the incident. The suspected driver was wounded during the arrest early Wednesday afternoon on the A16 highway to the northern ...

Bloomberg Iran president Hassan Rouhani brought three women into the government on Wednesday, one day after being criticised on social media for submitting an all-male list of cabinet members to parliament for approval. Massoumeh Ebtekar, head of Iran’s Department of Environment in Rouhani’s first term, was appointed vice president for women and family affairs. Laya Joneidi was named vice president ...

Bloomberg Kenyans are bracing themselves for trouble after the main opposition alliance said the vote-counting system had been hacked and that preliminary results from Tuesday’s elections showing President Uhuru Kenyatta has a commanding lead are “fake.” With votes from more than 90 percent of polling stations counted, Kenyatta has 54.4 percent support, while his main rival Raila Odinga has 44.7 ...

Bloomberg While South African President Jacob Zuma has narrowly survived yet another a no-confidence motion, the vote will do little to shore up the public’s faith in his beleaguered African National Congress. On Tuesday, ruling party lawmakers rallied around Zuma to defeat the motion 198 to 177 — the eighth such vote the president has faced, but the first with ...

Bloomberg A Venezuelan assembly rewriting the nation’s constitution is intensifying a campaign of persecu- tion that already has sent opposition politicians into hiding, exile and prison. President Nicolas Maduro said the constituent assembly, which on Tuesday declared itself the nation’s supreme political authority, will strip legal immunity from the national assembly that has opposed him. Members of the so-called constituyente ...