Jean Pierre Mustier’s new four-year plan for Italy’s UniCredit SpA marks a victorious milestone for the chief executive officer. He’s managed to turn a sprawling European bank laden with bad loans into a simpler entity that promises to improve its returns to shareholders. It leaves him well-placed to plot his biggest move yet (should he so choose): cross-border M&A. The ...

As part of Europe’s promise to become the first “climate-neutral” continent by 2050, the region is emerging as a leader in creating standards for green investments. But the push to get its banks to back sustainable assets needs careful scrutiny. At the core of the European Union’s project is the creation of a single set of definitions to determine what ...

It’s now official: The Indian economy is suffering through a major slowdown, and one that shows no immediate sign of easing. The only surprise is that the estimate for growth in gross domestic product last quarter isn’t even lower than the announced 4.5%. When the Narendra Modi-led government presented its first budget after being re-elected, it expected growth in 2019-20 ...

I’ve long wondered what might be the most typical place in the world, and I believe I now have an answer. It is Cebu, the second largest city in the Philippines, from which I have just returned. What do I mean by the world’s most typical place? On a variety of measures — economic, demographic and cultural, to name a ...

The three-day sell-off in US stocks, which has wiped nearly 2 percent off the value of the S&P 500 Index, is a timely reminder to investors that they need to temper a bias towards short-term optimism with the recognition of unusual uncertainties stemming from the global system. It also raises interesting questions as to the best tactical response to what ...

If you want to know how Alphabet Inc’s new Chief Executive Officer Sundar Pichai will run the company you don’t need to look very far — he’s essentially been doing it for several years already. Pichai, a 47-year-old engineer, grew up in India and immigrated to the US to attend graduate school. His resume reads like the typical Silicon Valley ...

Bloomberg Hyundai Motor Co will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric and autonomous vehicles. Announcing its strategic plan to 2025, the South Korean company pledged to spend almost half the new money on electrification. Autonomous driving will soak up 1.6 trillion won of the total, ...

Bloomberg LinkedIn’s senior executive in charge of human resources has resigned after breaking “compliance” rules, according to people familiar with the matter. Christina Hall left the Microsoft Corp-owned company because of an internal “compliance” issue, the people said, asking not to be identified because the details aren’t public. LinkedIn Chief Executive Officer Jeff Weiner announced the move to staff, they ...

Bloomberg Microsoft Corp shareholders voted against a proposal calling for the company to report more information on gaps in employee pay, ranked according to gender and race. Less than 30% of shares represented voted in favour of the measure at Microsoft’s annual meeting. Arjuna Capital, which praised progress the company has made, tabled a measure calling for it to give ...

Bloomberg Arpita Chaudhary, a newly recruited police constable in India’s western Gujarat state, became an overnight celebrity after posting a clip of her 15-second gambol — clad in her civvies — on the smash-hit social video app, TikTok. Then she paid the price. A snippet of her gyrating to a Bollywood song against the backdrop of a prison cell went ...