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Historic Solar Impulse team planning drone

  Geneva / AFP Circling the globe in an aircraft that used no fuel would be enough for some to rest on their laurels, but the pilots of Solar Impulse 2 spoke of their new project. “An unmanned version of Solar Impulse,” aviator and engineer Andre Borschberg told reporters when asked what groundbreaking mission the Swiss-based team was tackling next. ...

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Toys ‘R’ Us may get an IPO if it’s good this Christmas

  Bloomberg It is setting up to be a very merry Christmas for Toys “R” Us. Two quarters of strong sales will likely be followed by the brightest holiday season in years for the struggling toy retailer, which has spent more than a decade under private equity ownership. During that time it has mostly been cutting costs, closing stores — ...

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Singapore central bank cracks down on money laundering

  Singapore / AFP Singapore’s central bank on Tuesday shut down a second Swiss bank under investigation for alleged money-laundering activities linked to Malaysian state fund 1MDB as it vowed strong action against potential violators. The Monetary Authority of Singapore (MAS) said it had ordered Falcon Bank to cease operations in the city-state because of “serious failures in anti-money-laundering (AML) ...

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