Bloomberg Absa Group Ltd said it’s unlikely to pay an ordinary dividend this year as the South African bank conserves cash to deal with the economic fallout from the coronavirus pandemic. Earnings before one-time items and accounting adjustments will probably decline more than 40% from a year earlier, Johannesburg-based Absa said. It’s withholding payouts despite having strong buffers and forecasting ...

Bloomberg Apple slammed Facebook and other internet giants for their ad-targeting practices in response to a letter questioning a decision by the iPhone maker to delay a new privacy feature. The Cupertino, California-based technology company criticised Facebook’s approach to advertising and user tracking, according to a written reply sent to several human rights and privacy organisations, including the Electronic Frontier ...

Bloomberg Ford Motor Co’s Lincoln luxury line hopes some interior redecorating will revive its slowest selling sport-utility vehicle (SUV): the mid-sized Nautilus. Lincoln has built its comeback on brash behemoths like the Navigator SUV. But sales of the Nautilus, with two rows of seats, have fallen 31.2% this year even as the brand’s total SUV deliveries rose. So Ford overhauled ...