Blog List Layout

Bloomberg Business travellers and tourists are avoiding New Delhi, as air pollution in India’s capital reached record levels, travel agents said. Booking inquiries for hotels and flights to New Delhi have slumped since the Hindu festival of Diwali on October 27, said Sharat Dhall, chief operating officer of the business-to-consumer segment at Yatra Online Inc. Bursting of firecrackers as part ...

Bloomberg Brexit may have sown chaos in UK politics, but at least one private equity firm is enthusiastic about the potential it creates for deals. “We see Brexit as a huge opportunity for deals and are getting very excited about investments in the UK,” said Dan Zilberman, head of Europe at Warburg Pincus. “However, a deal bonanza is contingent on ...

Bloomberg Producers of prominent children’s YouTube channels will appeal to the FTC to change its recent settlement with the video service and will circulate a new petition online urging certain changes. In September, the FTC (Federal Trade Commission) fined YouTube and its parent, Alphabet Inc’s Google, $170 million for violating privacy laws by tracking children online. With the settlement, YouTube ...

Bloomberg Uber Technologies Inc disappointed investors with quarterly results showing lackluster gains in bookings and monthly active users, two of the metrics most closely watched by Wall Street. The ride-hailing company beat estimates for quarterly revenue and loss, improved its annual loss forecast and pledged to turn a profit by 2021. Those weren’t enough to lift the stock, though. Shares ...

Bloomberg Time is running out for 83-year-old Mahmoud Abbas. Foreign aid to the Palestinians has dropped nearly 80% over the past 10 years, the political outlook is bleak after a half-century of Israeli occupation and his people’s campaign for statehood risks sinking into irrelevance. To salvage his legacy, the Palestinian Authority (PA) president has called — again — for the ...

Abu Dhabi / WAM Abu Dhabi’s Supreme Petroleum Council (SPC), launched, on Monday, a new pricing mechanism for the Abu Dhabi National Oil Company’s (Adnoc), flagship onshore crude oil, Murban, and announced a significant increase in oil and gas reserves and new discoveries in the emirate of Abu Dhabi, at its meeting held at Adnoc’s headquarters. The SPC meeting was ...

Dubai / WAM The Sustainable City in Dubai revealed ‘Sanad Village’, the world’s first and largest rehabilitation and education centre for People of Determination (people with disabilities). Details about the Sanad Village will be announced during the Sustainable City’s participation in the AccessAbilities Expo, held from November 5-7 at the Dubai International Convention and Exhibition Centre. The AccessAbilities Expo aims ...

Dubai / WAM The joint venture between DP World and the France-based international container operator Terminal Link – PortSynergy Group (GMP), has been awarded the service concession for the construction and operation of berths 11 and 12 at Port 2000 in Le Havre, France. The terminals of Port 2000 in Le Havre are trade-enabling gateways for cargo entering the French ...

DUBAI / WAM The 4th edition of The Global Franchise Market, (TGFM), the official franchising event in Dubai, begins on Tuesday at the Dubai International Convention and Exhibition Centre. This annual premier franchise event, which is held under the patronage of Dubai Economy, aims to highlight Dubai’s preeminent status as a leading franchise destination and help facilitate new franchise opportunities ...

Bloomberg Angela Merkel’s visit to a revamped Volkswagen AG electric-car plant in Zwickau is a stark reminder of what’s at stake both for the German chancellor and VW boss Herbert Diess. Merkel — who critics say has long been soft on the auto industry — has come under fire for failing to make more progress in curbing greenhouse-gas emissions, while ...