Copenhagen / AFP Bang & Olufsen, the Danish maker of upmarket sound systems and televisions, said on it had entered a partnership with LG Electronics to outsource its production of televisions. The struggling Danish firm, which said in November it was in talks with a potential buyer, said the deal “will address Bang & Olufsen’s key challenges related to scale ...

Bloomberg Hackers who stole $101 million from Bangladesh’s central bank stalked its computer systems for almost two weeks beforehand, according to an interim investigation report seen by Bloomberg. Prepared for Bangladesh Bank by cyber security firms FireEye Inc. and World Informatix, the assessment offers a tantalising glimpse into how cyber criminals can use banks’ own systems against them. The cyber ...

LONDON / Bloomberg The Bank of England (BOE) should force banks to set aside more capital to support lending in a downturn, former policy maker Charles Goodhart said. The countercyclical capital buffer is currently set at zero and while the Financial Policy Committee (FPC) has said it intends gradually to increase the level to 1 percent, Goodhart said such a ...