Bloomberg Politics

Thyssenkrupp Bids for $5.2 Billion Indian Submarine Contract

Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Ltd. intend to jointly build submarines for the Indian navy, signaling the country is increasingly expanding its sources of military hardware beyond top supplier Russia.

Thai Coalition Says Early Government Formation Vital for Economy

A coalition of Thai pro-democracy parties said a faster certification of the results of the May 14 vote can pave the way for an early government formation as it’s key to a non-disruptive budget transition to stimulate Southeast Asia’s second-largest economy.