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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 A standoff between Italy and ArcelorMittal over the future of the European Union’s biggest steel mill escalated, after the country’s economic development minister lashed out at the company. “We won’t allow ArcelorMittal to blackmail the government by threatening over 5,000 job cuts,” economic development minister Stefano Patuanelli wrote in a Facebook post. “Commitments should be upheld.” ArcelorMittal started legal ...

Bloomberg Medopad Ltd, a UK artificial intelligence startup teaming with China’s Tencent Holdings Ltd on new approaches to disease, raised $25 million for clinical studies of its health technology. Leaps by Bayer, an investment arm of Bayer AG, led the series B round, Medopad said in a statement. The London-based firm is focused on finding and using digital indicators of ...

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 State and federal agencies have filed dozens of wildfire-related claims against PG&E Corp., making California and Washington two of the biggest creditors in the utility’s bankruptcy case. The three biggest demands total more than $6 billion to compensate the Federal Emergency Management Agency and the California Governor’s Office of Emergency Services. The claims, related to the North Bay and ...

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 ...

ABU DHABI / WAM The GCC is rapidly adopting renewable energy generation to meet the power demand, lower carbon emissions and reduce costs, with the International Renewable Energy Agency (Irena), predicting that if the GCC realises its renewable energy plans, the region is set to create cumulative cost savings of $76 billion by 2030. GCC’s installed power capacity grew four-fold ...

Bloomberg China is reviewing locations in the US where President Xi Jinping would be willing to meet with Donald Trump to sign the first phase of a trade deal between the world’s two largest economies, people familiar with the plans said. Officials in Beijing had hoped that if president Xi travelled to the US to sign stage one of the ...

Bloomberg India pulled out of a trade pact covering much of Asia, paving the way for 15 other countries to sign the China-backed regional trade deal next year. India conveyed its decision to exit the Regional Comprehensive Economic Partnership (RCEP), foreign ministry official Vijay Thakur Singh told reporters in Bangkok on Monday. Prime Minister Narendra Modi highlighted that he was ...