DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has embarked on a trial operation of the “First Autonomous Electric Abra”, with a capacity to carry eight passengers. It was manufactured locally at the RTA’s Al Garhoud Marine Maintenance Centre, featuring a design that preserves the heritage identity of the abras. The initial journey of this abra took place from …

BLOOMBERG  Societe Generale SA’s fixed-income trading unit outperformed most peers in a volatile first quarter, as clients reacting to interest-rate hikes spurred revenue in an otherwise tough trading period. Income from debt and currencies trading jumped 16% from a year earlier, compared with a 9% gain at rival BNP Paribas, according to a statement. Revenue at the equities-trading unit fell …

BLOOMBERG  HSBC Holdings Plc will pay a combined $75 million to settle a top US regulator’s allegations that it engaged in manipulative and deceptive trading practices and broke recordkeeping rules. The Commodity Futures Trading Commission (CFTC) said that a US unit of the London-based bank would pay $45 million over its past trading related to swaps and bond issuances, among …