Bloomberg Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing UK startups that are mixing artificial intelligence and health care. A London-based mobile platform for health-care companies, insurers, doctors and patients, Medopad is working with UBS Group AG to raise up to $30 million from private investors, according to ...

Bloomberg McDonald’s Corp. workers at two restaurants in England have voted in favour of a strike, in what would be the first industrial action by staff of the American fast-food chain in the UK. Employees at one site in Crayford, near London, and a second in Cambridgeshire were balloted following a dispute over the use of zero-hour contracts and the ...

SINGAPORE / Reuters Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next month, facing strong headwinds from a glut of tonnage, brokers said. “There are around 80 to 90 ships available for charter in the first 10 days in September – that’s about three ships for every cargo,” a ...

Bloomberg Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again. That’s because of the duration of the incidents. While in prior years protests could shutter fields for months and years, now the stoppages are being resolved within days and barely hindering flows. Sharara, ...

Bloomberg The market for physical barrels of crude from places as far apart as Oman and Colombia is strengthening beyond the traditional seasonal peak in demand, a positive indicator for global benchmark futures prices that remain stuck near $50. Physical differentials — the price gap between individual grades of crude and widely traded markers like Brent or West Texas Intermediate ...

UNITED NATIONS / Reuters Saudi Arabia said it was installing four cranes at three ports in Yemen to help boost humanitarian aid deliveries and was ready to assist with installing cranes at the key port of Hodeidah once it was under control of a neutral party. The Saudi mission to the United Nations said in a statement that the cranes ...

CAIRO / Reuters GB Auto, the Egyptian automotive assembler and manufacturer, expects demand for cars to pick up by the end of 2017 as dealers run down inventories, the company’s CEO said. Consumer demand in Egypt took a hit in November last year, when the central bank floated the pound currency to secure a three-year $12 billion International Monetary Fund ...

Bloomberg Infosys Ltd. approved a 130 billion rupees ($2 billion) share repurchase to improve returns for stakeholders of the Indian software exporter a day after Chief Executive Officer Vishal Sikka quit amid heightened tensions between the board and founders led by ex-Chairman N R Narayana Murthy. Asia’s No.2 software services developer voted to buy back as many as 113 million ...

Bloomberg HNA Group Co. has set a date for a long-awaited shareholder vote on its proposed $1 billion takeover of Singapore logistics operator (CWT) Ltd., people with knowledge of the matter said, in a sign that the beleaguered Chinese conglomerate is moving ahead with the deal. The Hong Kong-listed unit pursuing the purchase, HNA Holding Group Co., has scheduled an ...

Bloomberg Singapore’s reputation for slick infrastructure and efficient public transport received a knock morning as two of its five mass transit rail lines suffered signaling failures, leaving thousands of disgruntled passengers late for work and unleashing a tirade of criticism on the social media sites of the two rail operators. “Lovely….I’ll send ye the bill for the cab I’m having ...