International Business

India announced reforms on Wednesday to simplify import quality checks, the latest effort to break a months-long deadlock with Washington over punitive tariffs that have reached 50 percent on Indian goods.​

The European Commission launched an in-depth investigation on Monday into Abu Dhabi National Oil Company's 14.7 billion euro takeover of German chemicals firm Covestro, citing concerns that foreign subsidies from the United Arab Emirates could distort competition in the EU's internal market. This marks the first major test of the bloc's Foreign Subsidies Regulation for a Gulf state-backed acquisition.