Business articles

Natural disasters less devastating in 2017: Munich Re

Natural catastrophes worldwide were less devastating in the first half of 2017 than the average over the past 10 years, reinsurer Munich Re said Tuesday, while highlighting the role of climate change in severe US storms.

UK inflation slowed to 2.6% in June

Britain’s annual inflation rate surprisingly slowed to 2.6 percent in June, mainly owing to a drop in motel fuel prices, official data showed Tuesday.

Mahindra plans to double investment in US

Indian conglomerate Mahindra Group plans to double its US investment in the next five years, where it is hoping to its two-wheel electric scooters will win over American millennials.

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