MUMBAI – Tata Consultancy Services (TCS), India’s leading IT services company, is set to form a multi-billion dollar joint venture with private equity firm TPG to develop AI and sovereign data centres, according to a report by the Economic Times. The venture, tentatively named HyperVault AI Data Centre, will focus on large-scale data processing and

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MOSCOW – Russia’s parliament, the State Duma, issued a resolution on Thursday warning that any attempts by the European Union to seize Russian assets should be met with legal action against Belgium and Euroclear, the Belgium-based depository where most of the immobilized funds are held. The resolution comes in response to a European Commission proposal

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PRAGUE – Czech firearms manufacturer Colt CZ Group reported a rise in nine-month earnings but lowered its full-year 2025 outlook, citing revenue delays caused by the recent U.S. government shutdown. The United States is one of Colt CZ’s largest markets, alongside European firearms and ammunition sales. The company stated that some revenue expected in the

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SANTIAGO, CHILE – LATAM Airlines and its Chilean pilots have successfully reached a contract agreement, bringing an end to the week-long strike that disrupted flights across the country. The announcement was made on Wednesday by the pilots’ union, marking the conclusion of the first strike by LATAM pilots in nearly three decades. The industrial action

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NEW YORK – Investor Artisan Partners has voiced strong opposition to Axalta Coating Systems’ proposed all-stock merger with AkzoNobel, calling for shareholders to reject the $25 billion deal that would create a global paint and coatings powerhouse. In a letter to Axalta shareholders, Artisan Partners fund managers Daniel O’Keefe and Michael McKinnon wrote, “As an

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SYDNEY/BENGALURU – Global banking giant HSBC has announced the appointment of Steve Hughes as the new Chief Executive Officer (CEO) and head of Banking for Australia and New Zealand, effective January 1, 2026. Hughes, who has been with HSBC since 2015, currently leads the wholesale banking division in the region, a role he has held

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GDANSK, POLAND – Polish energy giant Orlen SA is expressing confidence in its ongoing arbitration dispute with U.S. liquefied natural gas (LNG) supplier Venture Global, citing a recent arbitration win by BP as a positive precedent. Orlen’s Chief Executive Officer, Ireneusz Fafara, told reporters Thursday that after consulting with legal advisors, the company feels “quite

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PERTH, AUSTRALIA – Workers at Woodside Energy’s Pluto 2 liquefied natural gas (LNG) project are moving to secure approval for strike action as negotiations over pay remain at an impasse. The union group, known as the Offshore Alliance, filed an application with Australia’s Fair Work Commission on Thursday, seeking formal permission to take industrial action

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The European Commission has proposed delaying some “high-risk” provisions of the EU AI Act until December 2027, pushing back the original August 2026 timeline. The move, announced on Wednesday, November 19, 2025, is part of a broader regulatory simplification package aimed at reducing bureaucratic hurdles, responding to criticism from Big Tech companies, and enhancing Europe’s

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Dubai-based Emirates Airlines has announced a landmark agreement with engine manufacturer Rolls-Royce (RR.L) to perform maintenance, repair, and overhaul (MRO) for the Trent 900 engines powering its Airbus A380 fleet starting in 2027. The deal was formalized under a memorandum of understanding (MoU) between the airline and the engine maker, Emirates said on Thursday. The

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