Bloomberg Max Koep, Deutsche Bank AG’s head of equities for Central and Eastern Europe, the Middle East and Africa, has taken a leave of absence, according to a person familiar with the matter. Koep may not return, said the person, who requested anonymity speaking about personnel matters. The firm has been cutting as much as 17 percent of its ...

  Bloomberg Goldman Sachs Group Inc. handed a surprise gift to bondholders in Canada this week by redeeming debt sooner than investors had expected, and some money managers are betting that other banks will follow its lead. The New York-based bank said that it was redeeming all of its $380 million in subordinated notes maturing in April 2022 for a ...

  Bloomberg Royal Bank of Canada (RBC), the country’s largest lender by assets, raised its dividend after posting first-quarter profit that beat analysts’ expectations, led by higher wealth-management earnings and a surge in trading revenue. Net income for the period ended Jan. 31 rose 24 percent to C$3.03 billion ($2.31 billion), or C$1.97 a share, from C$2.45 billion, or C$1.58, ...

  DETROIT / AP Car shopping isn’t just about kicking the tires anymore. It’s also about testing the technology. The rapidly evolving in-car infotainment and navigation systems can be bewildering for all but the most tech-savvy car buyers. The average vehicle on US roads is 11 years old; that means many people last went car shopping before iPhones were invented. ...

  Bloomberg Britain is betting that the rise of the machines will boost the economy as the country exits the European Union. As part of its strategy to champion specific industries, the UK government said in a statement on Sunday that it would invest 17.3 million pounds ($21.6 million) in university research on robotics and artificial intelligence. The government cited ...

  Bloomberg Austria’s Chancellor Christian Kern said rapid advances in automation will threaten half of the world’s jobs as he backed calls by Bill Gates to fight inequality with measures such as a tax on robots. Disruption “starts at a slow pace and then comes a big step change. We have to prepare,” Kern said in an interview Thursday in ...

  Bloomberg Ericsson introduces a 5G platform for the needs of the first movers in 5G. Communications are rapidly moving towards data-heavy applications like Virtual Reality and Augmented Reality everywhere. In light of that, Ericsson is now first to market with solutions to enable today’s networks to evolve smoothly to the next generation of networks. Ericsson’s new 5G platform comprises ...

  LOS ANGELES / AP Like prom for movie stars, the Academy Awards is Hollywood’s most glamorous night. It’s also the most photographed celebrity event of the year, its starry images beamed instantly around the world and endlessly reproduced in fashion magazines. That’s why it takes about a month and a team of specialists to get an A-list actress red-carpet ...

  Edinburgh/Munich / DPA Dolly is looking a bit bemused at the visitors arriving these days at the Royal Museum in Edinburgh. It was 20 years ago – February 23, 1997 – that reports surfaced about the birth of an extremely exceptional lamb. Dolly – named after the country and western singer Dolly Parton – is now a stuffed specimen, ...

  ABU DHABI / WAM The UAE’s initiatives in Yemen are making a difference in the country’s development and reconstruction, and have enabled fast-paced improvement in the humanitarian situation in areas liberated from the rebels, said Fahad Saeed Al Menhali, Yemeni Ambassador to the UAE. “By all measures, the response of the Emirates Red Crescent (ERC) to the humanitarian situation ...