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Nomura explores metaverse in digital push to lift profit

Bloomberg Nomura Holdings Inc is building a team to help firms tap opportunities in the metaverse, as Japan’s biggest brokerage pushes deeper into digital services and private markets to boost profit. The Tokyo-based firm is considering using its investment banking knowledge to help companies in the virtual space raise money and advise on how to navigate regulations as they emerge, ...

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Mercedes says luxury is future

  Bloomberg Mercedes-Benz AG will cut back its entry-level suite of cars as part of a strategic overhaul that will channel more than three-quarters of the carmaker’s investment to its higher-end vehicles. Mercedes unveiled its plans to major investors, placing the drive for greater profitability on its so-called top end vehicle segment, home to the iconic G-Wagon, the flagship S-Class ...

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Apple shows headset to board in sign of progress on key project

  Bloomberg Apple Inc executives previewed its upcoming mixed-reality headset to the company’s board, indicating that development of the device has reached an advanced stage. The company’s board, made up of eight independent directors and Apple Chief Executive Officer Tim Cook, convenes at least four times a year. A version of the device was demonstrated to the directors during the ...

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