Indian rupee crisis: ‘Worst is not yet over’

The Indian rupee, which has fallen by more than 12 percent this year against the US dollar, is currently the worst performing currency in Asia. A strong US dollar and high oil prices, coupled with investors dumping emerging markets’ currencies and a record high current account deficit – a measurement of a country’s trade where the…

Continue Reading →

Florence Unleashes Wrath on Carolina, With Worst Yet to Come

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”…

Continue Reading →

‘Rat fever’ threatens thousands after Indian state’s worst floods

Rotting carcasses of livestock contaminating water in the aftermath of devastating floods in India’s Kerala state have given way to a new challenge – battling an infectious disease such as leptospirosis or “rat fever”. At least 34 deaths in the state since August are suspected to be from leptospirosis. Deepu, an official at the ministry…

Continue Reading →

Elon Musk Faces His Own Worst Enemy

During a tour this spring at Tesla Inc.’s electric-car factory in Fremont, Calif., Elon Musk asked why the assembly line had stopped. Managers said automatic safety sensors halted the line whenever people got in the way. Mr. Musk became angry, according to people familiar with what happened. His high-profile gamble on mass-producing electric cars had…

Continue Reading →

Coming Soon: “OPEC’s Worst Meeting Ever, Part 2”

You know how, a few years after a Hollywood blockbuster gets released, it seems to get a remake? Well, it looks Saudi-Arabia’s oil minister Khalid Al-Falih is setting himself up to reboot his predecessor’s 2011 hit – “OPEC’s Worst Meeting.” His starting point is an about face. Al-Falih had said as recently as April that the group’s output…

Continue Reading →

As Trump Weighs New Iran Sanctions, Companies Prepare for the Worst

TEHRAN—A handful of multinationals are closely monitoring their Iranian interests—and some are plotting ways to preserve them—as the Trump administration weighs reinstating economic sanctions. President Donald Trump said he would decide Tuesday whether to follow through on his threats to pull out of a multilateral deal that removed most economic sanctions on Iran in exchange…

Continue Reading →