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Air India seeks to end $1.2b US case citing new owner

  Bloomberg Air India Ltd. is seeking to end a case filed by Devas Multimedia Pvt in a US court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards. Devas demands $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm. The ...

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UK retail trading platforms witness renewed demand

  Bloomberg A volatile start to the year for global stock markets is breathing new life into UK trading platforms, which had seen fading interest amid less stringent pandemic restrictions. CMC Markets Plc and IG Group Holdings Plc both said they’ve seen an increasing number of bets being placed on equity markets amid price swings that put the S&P 500 ...

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Nestle to pay cocoa farmers cash incentives to fight child labor

  Bloomberg Nestle SA will offer cocoa farmers and their families in the Ivory Coast cash incentives that aim to reduce child labor, as the chocolate industry faces growing scrutiny over the problem. The program, under which the KitKat maker plans to spend 1.3 billion francs ($1.4 billion) by 2030, will offer as much as 500 francs per year to ...

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