Newley Purnell

4 weeks ago | news.bloomberglaw.com | Newley Purnell |Eric Fan |Paige Smith

The US Equal Employment Opportunity Commission is investigating dozens of American workers’ allegations that India’s biggest IT outsourcer, Tata Consultancy Services Ltd., discriminated against them based on their race, age and national origin. The former employees are largely professionals from non-South Asian ethnic backgrounds over the age of 40, who say the company targeted them for layoffs but spared Indian colleagues, some of whom were working on H-1B skilled worker visas.

1 month ago | bloomberg.com | Newley Purnell

Supply Lines is a daily newsletter that tracks global trade. Sign up here. US tariffs undermine international trade and will ultimately hurt Americans, Hong Kong Financial Secretary Paul Chan said in a blog post Sunday.

1 month ago | flipboard.com | Newley Purnell

1 day ago Musk Calls For United States And European Union To Move To Zero-Tariff System Elon Musk, billionaire Tesla CEO and Department of Government Efficiency chief, told a meeting of Italy’s right-wing League Party he wants the United States and Europe to move to a system of zero tariffs and free trade, days after President Donald Trump issued new tariffs on nearly every country, … 10 hours ago U.S. starts collecting Trump's new 10% tariff, smashing global trade norms U.S. customs agents...

1 month ago | accountingtoday.com | Mark Bergen |Newley Purnell |Yazhou Sun

Builder.ai lowered the sales figures it provided to investors and hired auditors to examine its last two years of accounts, a major setback for the artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority. The London-based company, which has raised more than $450 million, dropped its revenue estimates for the second half of 2024 by about 25% after some sales channels "did not come through," according to Manpreet Ratia, the recently appointed chief executive.

1 month ago | bloomberglinea.com | Mark Bergen |Newley Purnell |Yazhou Sun

Bloomberg — Builder.ai, una firma de inteligencia artificial respaldada por Microsoft Corp. (MSFT) y la Autoridad de Inversiones de Catar, rebajó las cifras de ventas que proporcionó a los inversores y contrató a auditores para examinar sus cuentas de los dos últimos años.