Global Glance: India’s investment laws, Brexit impact

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Here are today’s top business headlines from across the nation and world:

India announces easing of foreign direct investment rules

NEW DELHI (AP) — India has announced radical changes in its foreign direct investment rules to attract overseas investment into its aviation and defense industries. Defense and airlines industries can now be 100 percent foreign owned, after previous rules allowed 74 percent and 49 percent, respectively. Investments in pharmaceuticals, food products and single-brand retailing were also liberalized. Read more


Could British exit from EU be watershed for global economy?

FRANKFURT, Germany (AP) — A British exit from the European Union could cause global market swings for a while. But that would soon pass. If we’re lucky, that is. Much darker scenarios for the global economy are also being discussed by economists as they try to gauge the risks of Thursday’s referendum for the wider world. Read more


Decade after housing peaked: Owners richer, renters hurting

MOUNT PLEASANT, South Carolina (AP) — It’s a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling. Read more


For Democrats, a stepping stone to common ground on health care

WASHINGTON (AP) — Bernie Sanders’ “Medicare for all” plan seems even less likely now that he’s all but out of the race for the Democratic presidential nomination, but there’s a way that he and Hillary Clinton could still find common ground on government-sponsored health care. Read more


UN says 65 million people displaced in 2015, a new record

GENEVA (AP) — Imagine the entire population of Britain uprooted: The U.N. refugee agency says just over that number – 65 million people – were displaced worldwide by the end of last year, easily setting a new postwar record, as it warned that European and other rich nations can expect the tide to continue if root causes aren’t addressed. Read more

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