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Bloomberg A private gauge indicates that India’s manufacturing output slid to the lowest since the financial crisis as the roll out of a new nationwide sales tax disrupted supply chains across the country. The Nikkei India Manufacturing Purchasing Managers’ Index was at 47.9 in July. A number below 50 indicates contraction. The outlook for the year ahead remains positive with ...

­­­­­­­­­­­Bloomberg Facebook Inc. is working on a video chat device for the home — the first major hardware product from its experimental Building 8 lab. Featuring a laptop-sized touchscreen, the device represents a new product category and could be announced as soon as next spring’s F8 developer conference, according to people familiar with the matter. They say the large screen ...

Bloomberg UK manufacturing growth accelerated for the first time in three months in July, bolstered by the strongest jump in export orders in seven years. A measure of factory output rose to 55.1 from a revised 54.2 in June, according to IHS Markit’s Purchasing Managers’ Index. That exceeds the advance to 54.5 forecast by economists in a Bloomberg survey and ...

Bloomberg Nineteen cities from Amsterdam to Bucharest applied to host the European Union’s drugs regulator and eight sought to be the home of the bloc’s banking authority, kicking off a four-month campaign to win agencies being forced out of London by Brexit. The list of locations wanting the European Medicines Agency also included Lille, Milan and Bonn, while Dublin, Frankfurt ...

Bloomberg Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the US economy may get less help from households this quarter, Commerce Department figures showed on Tuesday. June marked a third straight month of slowing nominal spending. A weaker handoff into this quarter signals household outlays, which accounts for about 70 percent ...

Bloomberg Ferrari NV is considering adding a roomy four-seat “utility vehicle” as part of a major expansion push beyond its traditional supercar niche in a bid to double profit by 2022, people familiar with the matter said. The final five-year plan under CEO Chief Executive Officer Sergio Marchionne, who’s set to retire in 2021, will target boosting annual deliveries beyond ...

Bloomberg Britons needn’t worry that they’ll be hit by the scorching summer blazing across Spain, Italy and the Czech Republic. The UK, northern France, Germany and the Baltic States can expect a cooler-than-average August, according to five meteorologists surveyed by Bloomberg. The rest of the mainland will likely continue to be hotter than normal, with record-high temperatures seen in some ...

Bloomberg Boeing Co. is creating a new unit that develops avionics for its commercial and military aircraft, a move that potentially pits the planemaker against suppliers such as Rockwell Collins Inc. and Honeywell International Inc. Rockwell Collins posted the biggest decline in almost six years on the news that its second-largest customer is planning a rival product lineup. Boeing Avionics ...

Bloomberg Fraport AG’s Turkish joint venture is getting a loan of 200 million euros ($235 million) to repay debt for Antalya Airport after terror attacks over the past two years cut revenue, two people familiar with the matter said. The operator and its local partner will use 180 million euros to refinance an existing loan and the balance for its ...

Bloomberg SoftBank Vision Fund, the technology investor founded by Masayoshi Son, is in talks to invest directly in India’s Flipkart Online Services Pvt, according to people familiar with the matter, after talks to fold SoftBank-backed Snapdeal into Flipkart fell apart. The fund is looking at putting between $1.5 billion and $2 billion into the largest Indian e-commerce operator within the ...