It’s unlikely the U.S. president will be shopping on First Aeroportovskaya Street in Moscow anytime soon. Just in case, Magazin Myod, a small store selling honey and beeswax, has a sign on its door saying, “Sanctions: Barack Obama is prohibited from entering.”
Documents released in an investigation into an ignition switch flaw on some General Motors Co. cars have shed new light on the government’s decision not to act even as evidence of the fault now linked to 13 deaths was building.
Consumer confidence rose in April to the highest level since July, boosted by further improvement in the labor market that will provide some traction for the economy after a weather-related slowdown early this year.
Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”