Bloomberg Business

Three Adani Firms Lose Endorsement of UN-Backed Climate Group

Three Adani Group companies, including Adani Green Energy Ltd., have lost their endorsement from the world’s leading arbiter of corporate green goals, a blow to the industrial conglomerate’s attempt to reposition itself as a leader of India’s energy transition.

Former Thai PM Thaksin Tweets Ahead of Vote About Returning Home

Thaksin Shinawatra, who was ousted as Thailand’s prime minister in 2006 and has lived in self-imposed exile for well more than a decade following a corruption conviction, said he planned to return to the Southeast Asian nation in July.

Sea Raises Pay 5% in Sign of Tech’s Recovery From Epic Crash

Sea Ltd.’s billionaire founder declared a 5% pay increase for most employees starting July, sending a strong signal to investors he thinks the e-commerce and gaming business has turned the corner after years of bleeding losses.

Huawei Accused in Suit of Seeking Excessive Fees for Patents

Huawei Technologies Co. is conspiring with the Chinese government to “wrongfully dominate” the market for telecom equipment by setting onerous terms for the use of its intellectual property, a US-based company claims in a lawsuit.

Wanda in Talks With Banks on Loan Relief as Challenges Mount

Dalian Wanda Group Co. is in talks with major Chinese banks on a loan relief plan that may allow it to extend principal repayments for some onshore borrowings as the conglomerate faces a liquidity challenge, according to people familiar with the matter.

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