Natixis SA’s 14 years as a publicly traded bank will be best forgotten. Losses during the global financial crisis pushed the French firm, which trades securities and owns an asset manager, to the edge soon after its 2006 creation. While the company has been profitable since then, repeated trading losses and funds that ran wild have been a constant reminder ...

In the technology world, this may be remembered as the month when Clubhouse started to matter. Elon Musk and Mark Zuckerberg made appearances on the service. For a short time, Chinese-language discussions dealt with the Xinjiang issue in a frank and open manner, attracting wide public attention. If you don’t already know, Clubhouse is a year-old social media service consisting ...

The Senate’s impeachment trial of Donald Trump is unprecedented: It’s the first time a president has been tried twice, and the first time an ex-president has been tried at all. The fact that it is taking place is a testament to how outrageous Trump’s conduct was in his last months in office. Even opponents of the impeachment trial, such as ...

Bloomberg The tussle between two of the world’s richest men — Jeff Bezos and Mukesh Ambani — to dominate India’s estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings. There have been new developments in Amazon.com Inc’s legal battle to block Ambani’s Reliance Industries Ltd from acquiring Future Retail Ltd’s assets, in what would be ...

Bloomberg Indonesia’s flag carrier PT Garuda Indonesia said it unilaterally ended a Bombardier leasing contract with Nordic Aviation Capital A/S and will return a dozen CRJ jets amid an ongoing bribery probe. The airline terminated the contract after a series of negotiations on price with Nordic Aviation yielded no satisfactory results, according to President Director Irfan Setiaputra. The 12 planes ...

Bloomberg The UK’s latest clampdown on air travel was met with alarm by industry executives, who called the restrictions complex and said they fear a worsening struggle for survival. Health Secretary Matt Hancock outlined details of new restrictions, including a hotel quarantine and multiple Covid-19 tests, coming into force from February 15 in an attempt to prevent dangerous new virus ...

Bloomberg Singapore Airlines Ltd is swapping some of its Boeing Co wide-body jetliner orders for the larger 777X, giving a boost to the model as part of an agreement to slow near-term deliveries from the US planemaker. The airline will pare commitments for the Boeing 787-10 Dreamliner by 14 planes, while adding 11 777-9s to its existing order, according to ...

Bloomberg The investigation into last month’s Sriwijaya Air crash in Indonesia is focusing on the carrier’s maintenance and training procedures as well as the engine-control system of the Boeing Co 737-500 jet. While Indonesia’s National Transportation Safety Committee (NTSC) is still trying to determine the exact cause of the disaster, lead investigator Nurcahyo Utomo said at a media briefing on ...

Bloomberg England’s third lockdown hit non-essential retailers harder than the previous one in November, with the new variant of the coronavirus hampering spending and confidence last month, according to the British Retail Consortium. Clothing and footwear stores fared particularly badly as retailers on the whole saw the value of sales decline from a year earlier, the business lobby said. A ...

Bloomberg Thai pro-democracy groups have vowed to intensify their protests calling for monarchy reform and a new constitution, a day after a Bangkok court sent four of their leaders into pretrial detention on royal defamation charges. Thousands of demonstrators gathered on Wednesday in central Bangkok for a second day to demand the immediate release of leaders, and to protest the ...