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Leadership race heats up at Bank of Italy

Bloomberg The euro area’s third-largest economy is seeking someone to help oversee its struggling recovery — and review the European Central Bank (ECB) stimulus the country relies upon. Competition for the top job at the Bank of Italy, which comes with a seat on the ECB’s Governing Council, is heating up. The position has a high-profile history — ECB President ...

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Your banker is always in: Sweden rolls out the robots

Bloomberg Aida is the perfect employee: always courteous, always learning and, as she says, “always at work, 24/7, 365 days a year.” Aida, of course, is not a person but a virtual customer-service representative that SEB AB, one of Sweden’s biggest banks, is rolling out. The goal is to give the actual humans more time to engage in more complex ...

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$1 trillion airport spree puts S’pore, Hong Kong on notice

Bloomberg For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travellers in Asia to and from the rest of the world. But now, a $1 trillion global airport spree is threatening the status quo. About half that money is due to be spent on upgrading or building new airports in Asia, the Sydney-based CAPA Centre ...

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