Bloomberg HSBC Holdings global head of equities is leaving the lender as the bank revives restructuring plans that are hitting the securities unit. Hossein Zaimi, who has held the role within HSBC’s global banking and markets division since 2017, is leaving within weeks, according to people familiar with the matter, who asked not to be named discussing private information. HSBC’s ...

Bloomberg The future of manufacturing may lie with companies like Italy’s Isinnova SRL, which saw a need for respirator valves in its Covid-stricken area and was able make hundreds in two days using 3D printing rather than waiting a week for ones made in Chinese factories. It’s an example of how the US and Europe are leading in innovation in ...

Bloomberg The Apple Watch and the Siri digital assistant inside it; Amazon.com Inc.’s Echo speakers and Alexa service; the data about eating habits recorded by internet-connected refrigerators — all are potential targets in a European Union competition probe. Regulators led by Margrethe Vestager said they want about 400 companies to contribute to a report about how so-called internet-of-things (IoT) devices ...

Bloomberg Tesla Inc. kept growing in China last month, with registrations of its electric vehicles jumping to a record in the world’s largest market as the coronavirus outbreak receded. In June, 14,976 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s a 32% increase from May and the highest monthly number so ...

Bloomberg Twitter Inc. said several of its employees were manipulated by hackers into providing credentials for internal systems, and 130 Twitter accounts were targeted including those of Joe Biden, Elon Musk and Jeff Bezos. The hackers were able to reset passwords for 45 users, while eight had their data, including private messages, downloaded entirely, Twitter said in a blog post. ...

Bloomberg Voice assistants such as Apple Inc.’s Siri and Amazon.com Inc.’s Alexa are at the center of a sweeping European Union (EU) antitrust inquiry into how Silicon Valley uses data to gain a tight grip on growing markets. EU watchdogs already see signs that tech giants might be restricting access to data or making products that don’t work well with ...

DUBAI / WAM Master developer Nakheel has announced that it sold almost 250 properties with a total sales value of over AED600 million in the last four months, with ready-to-occupy villas most in demand. Among the most popular are Nakheel’s family villas at Nad Al Sheba, where a third phase of ready-to-move-into properties has just been released, after phases one ...

Bloomberg Oil edged lower with a weaker demand outlook underscored by Opec’s decision to taper production cuts and US economic data signaling a slowing recovery in the labour market. After hitting a four-month high, US crude futures fell as much as 1.5% on Thursday. Next month, Opec+ plans to add at least 1 million barrels a day of supply to ...

KHOKHA / WAM The UAE continues its relief assistance to the Yemeni people as part of its humanitarian mission to alleviate the stress of the living conditions affecting the local population. The Emirates Red Crescent (ERC) provided 40 tons of relief materials to 1,370 families in the Al Alili camp in the coastal Yemeni city of Khokha, who had fled ...

Bloomberg Joe Biden called for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, three people familiar with his plan said. The Democratic nominee’s new commitments mark a clear shift towards progressives’ environmental priorities and cutting the use of fossil fuels. The people briefed on his plan spoke on the condition of ...