BLOOMBERG Walmart Inc is cutting staffing levels at some e-commerce fulfillment centres in the US as the nation’s largest private-sector employer steps up investment in automation. The retailer is working with the affected employees to find other positions at Walmart, according to a company statement. In a regulatory filing, Walmart provided advance notice of the cuts to 201 employees in …

BLOOMBERG When Eric Martel returned to Bombardier Inc in the spring of 2020, the company was hardly recognisable from the one he’d left five years earlier. Bombardier had just sold its two biggest divisions, which built commercial jets and trains, in a desperate, sell-anything-you-can effort to raise money. A new viral disease called Covid-19 was ripping around the globe, forcing …

BLOOMBERG UBS Group AG’s emergency buyout of Credit Suisse Group AG threatens to drastically shrink the financing options for small and mid-sized companies, after the demise of a 166-year-old champion of Swiss entrepreneurship. While smaller cantonal lenders and cooperative banks offer a counterbalance to UBS in retail banking and the Swiss mortgage market, Credit Suisse has long been the market …