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International Business

Maruti to switch to electric cars

FT ONLINE Maruti Suzuki India, the country’s biggest carmaker, said on Friday it planned to build electric cars as the government strives to electrify all…

US budget deficit up to $107.7b in August

FT ONLINE The US federal budget deficit recorded a slightly larger in August than a year ago, while the deficit through the first 11 months…

China targets $3tn shadow banking industry

FT ONLINE As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending…

Samsung heir gets 5-year jail sentence

FT ONLINE A court in South Korea has found Lee Jae-yong, the vice-chairman and de facto head of the country’s largest company, Samsung, guilty of corruption…

SL bars foreign firms from port contract

FT ONLINE Sri Lankan President Maithripala Sirisena told the Sri Lanka Ports Authority (SLPA) workers’ unions here on Tuesday, that he would not “under any…