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Bloomberg India’s IT outsourcing giant Tata Consultancy Services Ltd. needs to offer a good explanation for why engineers hired at its American outposts are 13 times as likely to be fired if they’re not South Asian. The company was expected to go on trial on Monday in California over racial discrimination claims by American workers who lost their jobs at ...

Bloomberg A range of European venture capital firms are seeking to raise more money in fewer funds as they ride a global trend towards larger investment vehicles. For five prominent firms in the region, sizes are expected to range from $100 million to $350 million each. Idinvest Partners SA, one of France’s largest VC firms, is targeting a $350 million ...

Bloomberg The UK economy kicked off the fourth quarter on a disappointing note as Brexit concerns pushed growth in services to a seven-month low. IHS Markit’s index for the sector fell more than economists expected last month, recording the lowest reading since March when the nation was battered with bad weather. New business growth and optimism over the outlook were ...

Bloomberg For nearly a decade, Trafigura Group Chairman Claude Dauphin coveted a zinc deal with Europe’s top smelter. The commodities trader finally got across the threshold in 2015, months after its co-founder’s sudden death. Just a few years later, it’s become one of Trafigura’s biggest headaches. Nyrstar NV shares have plu-nged to record lows as falling zinc prices squeeze profit ...

Bloomberg Contenders to succeed German Chancellor Angela Merkel as party chief will criss-cross the country to campaign ahead of a convention in December, giving an early taste of the choices for the next potential leader of Europe’s pivotal country. The process agreed among the Christian Democratic Union’s leadership signals that Germany is headed for another inward-looking period as the post-Merkel ...

Abu Dhabi / WAM Abu Dhabi’s Supreme Petroleum Council (SPC) approved, on Sunday, the Abu Dhabi National Oil Company’s (Adnoc) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day (mmbpd) at the end of 2020 and 5mmbpd by 2030. The SPC meeting was presided over by His Highness Sheikh Mohamed bin ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, attended the second edition of the World Youth Forum 2018, along with Abdel Fattah El Sisi, President of Egypt. The forum, taking place in Sharm El Sheikh, will run until November 6. Five thousand young individuals are currently participating in the ...

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), has announced exclusive updates about ten latest additions to its portfolio of hospitality projects and eco-destinations at World Travel Market 2018, (WTM) which rolls out on Monday, at the ExCeL in London, UK, and will conclude on November 7. Exhibiting at the Sharjah Pavilion led by Sharjah Commerce and Tourism Development ...

ABU DHABI / WAM The International Fund for Houbara Conservation (IFHC), on Sunday in Abu Dhabi hosted an international summit dedicated to the conservation of the Houbara bustard, a bird synonymous with Arabic culture. The summit, ‘Conservation Through Government Action’, was officially opened by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment. In his opening address, Dr ...

Bloomberg Tension inside the Italian government mounted over the weekend as Italy’s League widened its lead in public support over its partner in the populist coalition. Giancarlo Giorgetti, a League member and key aide to leader Matteo Salvini, warned that the government could be at risk of falling apart if the parties focus only on polling results, according to an ...