Bloomberg The European Union should scrap twice-yearly time changes and keep its clocks on what is currently summertime, said the bloc’s executive arm. On August 31, the European Commission unveiled the results of a public consultation on the merits of the decades-old practice of capitalising on natural daylight by putting clocks forward by 60 minutes between late March and late ...

Bloomberg Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars. US District Judge Haywood S. Gilliam Jr. in Oakland, California, agreed with Uber’s and Kalanick’s bid to toss the class-action claims by a Texas city’s firefighter pension fund while ...

Bloomberg Salesforce.com Inc. shares fell after the maker of cloud-based software gave a disappointing profit forecast and reported a closely watched sales metric that failed to satisfy Wall Street’s lofty expectations. Profit, excluding certain items, will be as much as 50 cents a share in the current quarter, the San Francisco-based company said. That compared with analysts’ average estimate of ...

Bloomberg Nearly 700,000 undocumented immigrants brought to the US as children won another ruling preserving their protection from deportation, though the Texas judge who sided with them cast serious doubt on the legality of the so-called Dreamer programme. US District Judge Andrew Hanen in the border town of Brownsville ruled that Texas Attorney General Ken Paxton waited too long to ...

Bloomberg George Papadopoulos, a foreign policy adviser to Donald Trump’s presidential campaign and one of the first people charged in Special Counsel Robert Mueller’s investigation of Russian meddling in the 2016 election, doesn’t deserve to go to jail, his lawyers said. Defense lawyers told the judge who will sentence Papadopoulos that “his motives for lying to the FBI were wrong-headed ...

Bloomberg Brazil’s imprisoned Luiz Inacio Lula da Silva has been banned from running for president in October after months of commotion that had tainted what is already the most unpredictable election in decades. In a 6-1 ruling, the country’s top electoral court decided that Lula’s candidacy cannot stand, given his 12-year sentence for corruption and money-laundering by an appeals court ...

Bloomberg President Xi Jinping was expected to use a gathering of dozens of African leaders in Beijing to push back against criticism that China’s vast development initiatives risked saddling emerging economies with debt. Xi’s speech recently to the Forum on China-Africa Cooperation gives him a high-profile chance to defend his signature Belt and Road Initiative to develop roads, railways, ports, ...

Bloomberg President Donald Trump will skip two major summits in Asia in November, a move that could stoke concerns in the region about the US’s reliability as a counterweight to China. The White House said that Vice President Mike Pence would travel to Singapore for an 18-nation summit hosted by the Association of Southeast Asian Nations, before heading to Papua ...

Bloomberg Italy could soon find itself excluded from the heart of euro-area monetary policy for the first time in the currency’s two-decade history. European Central Bank President Mario Draghi’s eight-year term ends in October 2019 and his country has no automatic path to a seat on the Executive Board after that. Instead, its populist leaders must negotiate with the same ...

Bloomberg Shares of India’s Yes Bank Ltd. plunged after the central bank deferred approving another three-year term for Chief Executive Officer Rana Kapoor, while allowing him helm the bank for the time being. Kapoor has received the RBI’s approval to continue as managing director and CEO of the Mumbai-based lender until “further notice” from the regulator, Yes Bank said in ...