India economy stabilizes in November as retail demand improves

New Delhi: India’s economic activity showed signs of stabilizing in November, even as concerns of fresh virus outbreaks and a new strain in the UK mount amid news of vaccines fueling hope. All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called ‘Animal Spirits’ unchanged […]

Volkswagen facing ‘massive’ shortage of electronic parts

Volkswagen has said it was facing production slowdowns due to a “massive” supply bottleneck caused by a shortage of semiconductor components for car electronics as global automobile markets bounce back from the pandemic sales slump. The Wolfsburg-based carmaker said that semiconductor makers had reassigned production to consumer electronics during the worst of the COVID-19 slowdown […]