Dubai / WAM The Dubai Financial Services Authority (DFSA) will be hosting “RegTech Live: Driving Compliance through Innovation”, a virtual event in partnership with the Dubai International Financial Centre Authority (DIFCA) on November 10-11. The event, the second of its kind for this year, builds on the topics discussed in June and reinforces the DFSA’s goal of fostering innovation in ...

Bloomberg Iberdrola SA agreed to buy PNM Resources Inc for $4.3 billion, pushing deeper into the US power market as the Spanish utility strengthens its position as a global giant in an industry that’s being transformed. The deal — at $50.30 per PNM share and a 10% premium — valued PNM at $8.3 billion including debt. It’s Iberdrola’s eighth acquisition ...

For an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal. No wonder Cathay Pacific Airways Ltd is struggling. Just four months after receiving a HK$40.95 billion ($5.3 billion) bailout package from Hong Kong’s government, the carrier is planning to cut a quarter of its workforce and close the Cathay Dragon ...