Bloomberg When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann would regularly fire up the amusement-park staple inside the company’s Sheboygan, Wisconsin, headquarters. About twice a month, employees were invited to bring their families in ...

Bloomberg A group of Italian investors may bid for London Stock Exchange Group Plc’s Borsa Italiana unit, amid government pressure to keep an asset that’s considered strategic in “Italian hands,” Corriere della Sera reported. The potential investors include banks, Italy’s state lender Cassa Depositi e Prestiti, insurance firms and state-backed funds such as Fondo Strategico Italiano and F2i SGR SpA, ...

Bloomberg Hammerson Plc, which owns about a dozen large UK malls, aims to raise $785 million from a rights issue, Sky News reported. The owner of the Bullring in Birmingham and the Brent Cross shopping center in north London is seeking extra cash as coronavirus crisis slashes revenues for landlords, Sky reported, without saying where it got the information. Lazard ...

Bloomberg Microsoft Corp. is exploring an acquisition of TikTok’s operations in the US, according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve US government pressure on the Chinese owner of the video-sharing app. The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its ...

Bloomberg Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near Field Communications, or NFC, chip, which iPhones have included since 2014. ...

Bloomberg Tesla Inc. could be on track to complete its new plant near Berlin more quickly than its Shanghai facility, according to a local government minister. The US carmaker has said it wants to finish the factory in Gruenheide by the middle of 2021, and faster than the Chinese operation, which went up in less than a year. The German ...

Bloomberg BMW AG will make a version of its X5 SUV that runs on hydrogen fuel-cells, part of the carmaker’s plan of producing as many drive variants as possible until one technology proves dominant. The i Hydrogen NEXT will get a limited production run starting in 2022, the German manufacturer said in a statement. Toyota Motor Corp. will supply the ...

Bloomberg The Covid-19 pandemic is fuelling an e-commerce boom as shuttered businesses move online — but Google isn’t benefiting in way its big tech rivals are. Google advertising sales fell 8% in second quarter, causing overall revenue at parent Alphabet Inc. to shrink for first time. The company’s main digital ad rival Facebook Inc. saw sales jump 11%, while Amazon.com ...

Bloomberg Oil dipped in tandem with a risk-off move in US equities as investors await a clear signal on supply amid expectations for a build in stockpiles. Futures in New York declined as much as 1.4% on Tuesday. Equities across the US, Europe and Asia weakened with investors laser-focused on corporate earnings results as an indication of the economic damage ...

Dubai / WAM The Islamic Arab Insurance Company PSC (Salama) has received all necessary regulatory and internal approvals to increase Foreign Ownership Limit (FOL) from 25 percent to 49 percent as per Securities and Commodities Authority (SCA) Certificate. A company statement posted on Dubai Financial Market (DFM) website, said Salama has contacted Dubai Central Securities Depository to start the necessary ...