India’s COVID-19 spread casts more doubts about extent of GDP decline

Mumbai: India’s economic recovery prospects have gone from bad to worse after the nation emerged as a new global hotspot for the coronavirus pandemic with more than 5 million infections. Economists and global institutions like the Asian Development Bank have cut India’s growth projections from already historic lows as the virus continues to spread. Goldman […]

France blasts ‘brutal’ closure of Bridgestone tyre plant

Japanese tyremaker Bridgestone said Wednesday that it would shut its factory in France, prompting the government to denounce a “brutal” move that will cost 863 jobs. Bridgestone cited overcapacity in Europe and fierce competition from Asian rivals, and said it would seek a buyer for the site, located in the north of the country. “This […]

Will Toyota stop investing in India?

Following reports that Toyota Motor Corp. won’t expand further in India due to the country’s punitive tax regime, India’s minister in charge of heavy industries came out with a statement refuting the news. News agency Bloomberg had reported earlier this week that the Japanese major is set to stop investing in the Indian market, which […]