Bloomberg Business

Spanish Growth Slows as Inflation Unexpectedly Speeds Up

Spanish growth slowed slightly in the second quarter and inflation unexpectedly picked up in July as the economy faces months of uncertainty while the country’s main political parties battle to form a government after Sunday’s tightly contested election.

India Sets Steady Path Toward Local Semiconductor Industry

Applied Materials Inc., a leading producer of chipmaking equipment, is expanding in India because it believes the country’s supportive government policies and abundant local talent will create the foundation for a promising semiconductor sector.

China Halts Schools, Flights as Typhoon Doksuri Lashes Coast

Typhoon Doksuri made landfall in southeastern Chinese province of Fujian Friday after killing at least 12 people in the Philippines and Taiwan, bringing torrential rains and gales and forcing local authorities to close schools, suspend public transport and evacuate more than 120,000 people.

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