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  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 ...

  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 ...

  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 ...

  Bloomberg Hawaiian Airlines is seeking to ramp up its limited flight service to Japan in the second quarter, an omicron variant-linked delay from the carrier’s earlier goal of returning to a fuller slate of flights by late March. Japan represents the largest foreign market for Hawaiian, which had about a quarter of its business outside the US before the ...

  Bloomberg Chinese buyout firm Citic Capital is weighing a sale of its controlling stake in EBeauty Holdings Cayman Ltd. after a planned initial public offering stalled amid market volatility, people familiar with the matter said. Citic is seeking a valuation of as much as $2 billion for the provider of e-commerce services to the cosmetics industry in China, said ...

  Bloomberg Russian Foreign Minister Sergei Lavrov said on Friday that the American proposal to defuse tensions with Ukraine contained “rational elements,” even though some key points were ignored. The seemingly calmer tone came after U.S. President Joe Biden warned of a possible Russian attack next month during a phone call with his Ukrainian counterpart, Volodymyr Zelenskiy. They also discussed ...

  Bloomberg The Biden administration said it recommended changes to China’s requirements for Covid-19 quarantine and testing among American diplomats, adding to tensions between the world’s biggest economies ahead of the Olympics. “We have long-standing concerns regarding the PRC’s quarantine and testing policies that run counter to diplomatic privileges and immunities,” State Department spokesman Ned Price told reporters on Thursday, ...

  Bloomberg A UK government probe into alleged rule-breaking parties in Boris Johnson’s office during the pandemic could be stripped of key details at the request of the police, potentially handing the prime minister a boost as he tries to persuade his Conservatives not to mount a leadership challenge. Facing a major public backlash, Johnson commissioned the civil service to ...

  Bloomberg North Korea confirmed launches of four missiles this week, as Kim Jong Un ramped up weapons-testing to a record pace in an effort to signal displeasure with the US over economic sanctions. The tests included the launch of two long-range cruise missiles Tuesday that flew for 1,800 kilometers before striking an island off the peninsula’s eastern coast, the ...

Bloomberg As populism tested the ability of Europe’s mainstream parties to adapt, one country stood out as an exception: Portugal. General elections on Sunday are likely to cement its status as an oasis for the political center. Yet it’s not without risks. Prime Minister Antonio Costa of the center-left Socialist Party has only a slight edge in some polls over ...