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President Trump’s abrupt firing of FBI Director James B. Comey will intensify focus on the issue Trump has been so eager to dismiss — his knowledge of contacts between Michael Flynn and other associates and Russia. White House arguments that Trump sacked Comey for mishandling the investigation of Hillary Clinton’s emails are implausible, but no more so than some of ...

India’s outsourcing firms are firing workers. Don’t blame it on President Donald Trump’s hawkish stance on US visas. The ‘end of hyper-globalization’ story makes for compelling headlines. But the Indian code-writers’ misfortune has more prosaic roots in technology and customer tastes. Global corporations, the paymasters of Indian software vendors, are no longer so keen to ante up for application development ...

Everything about China’s “Belt and Road” project is big — from the scale of its investments to the guest list for this weekend’s gathering to celebrate the initiative. To improve its odds of success, China would be wise to think smaller. True, the initiative — which envisions building energy and transportation infrastructure from Asia to Europe — addresses real needs. ...

US President Donald Trump’s abrupt firing of FBI director James Comey stunned the nation. It ignited a political firestorm as Comey was leading an investigation into whether Trump’s advisors colluded with Russian government to influence the outcome of the 2016 presidential election in his favour. It has given rise to suspicions that the White House was trying to blunt the ...

Bloomberg America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules. Cheniere Energy Inc., the first exporter of natural gas from the lower 48 states, sees the agreement as “amplifying and accelerating conversations about new long-term contracts” with China, said Eben Burnham-Snyder, ...

MOSCOW / Reuters Russian state oil firm Rosneft is struggling to close its $12.9 billion acquisition of India’s Essar Oil Ltd because six of Essar’s Indian creditors have yet to approve the deal, sources close to the talks said. The state-run banks and financial institutions that are delaying Rosneft’s biggest foreign acquisition hold about $500 million of Essar’s debt, five ...

ALGIERS / Reuters The new chief of Algeria’s state energy company Sonatrach has urged employees to simplify bureaucracy, and focus on the core business of production as the North African state deals with lower oil prices, an internal company letter shows. The message from new CEO Abdelmoumen Ould Kadour was sent to Sonatrach employees just over a month after he ...

CAIRO / Reuters The International Monetary Fund said it had reached a staff-level agreement with Egypt on a second loan instalment that would make available about $1.25 billion. The IMF approved a $12-billion, three-year loan programme to Egypt in November and paid out $2.75 billion of the first $4 billion tranche of the loan. An IMF team was in Cairo ...

Bloomberg India’s potential plan to sell only electric cars by the end of next decade would require nearly eight times the global stock of such vehicles, according to the International Energy Agency. The country would need to sell more than 10 million electric cars in 2030, compared with the almost 1.3 million on the road worldwide in 2015, the agency ...

Bloomberg The Hong Kong Monetary Authority tightened limits on bank loans to property developers, as it seeks to contain risks in the city’s booming real-estate market. From June 1, the caps for construction finance will be cut to 40 percent of site value and 80 percent of construction cost, with the overall limit reduced to 50 percent of the expected ...