Bloomberg Foxconn Technology Group, the maker of Apple Inc.’s iPhones, said it plans a big increase in investments in the US after billionaire Chairman Terry Gou visited the White House over consecutive days, including a meeting with President Donald Trump. “We are engaged in discussions with officials at various levels of government regarding our ongoing plans to significantly increase ...

  Bloomberg Cash may still be king for most Europeans, but more than one in three would be happy to abandon it altogether. Twenty-one percent of people already rarely carry physical notes or coins, with 1 percent saying they haven’t needed to for at least year, according to a survey of almost 15,000 people by ING. More than half of ...

  Bloomberg Prime Minister Theresa May is set to impose new restrictions on company take-overs in the UK as part of a plan to protect workers’ pensions from “unscrupulous” bosses. If re-elected in June, May’s Conservatives will give authorities the power to block such deals and launch criminal prosecutions of company bosses who put pension schemes at risk, the party ...

  Bloomberg For US airlines, doing right this week meant plunking down cold, hard cash. United reached a settlement with a passenger who was dragged off a plane and bloodied. It also said it would pay as much as $10,000 to passengers who agree to give up their spots, following a similar move by Delta. Southwest said it would stop ...

  DUBAI / Emirates Business Etihad Aviation Group (EAG) on Sunday announced the appointment of Gavin Halliday as Managing Director of Hala Group, its destination management and global loyalty unit. At Hala, Halliday will lead EAG’s new global loyalty company which brings together Etihad Guest with the loyalty programmes of other EAG partner airlines. He will also have responsibility for ...

  Emirates Business MMD, Middle East brand licensing partner of Philips Monitors, unveils the new Philips B-line borderless LCD monitor series with Philips PowerSensor. The monitors come in three sizes and two resolutions. The smart and eco-friendly PowerSensor: cuts up to 80 percent of energy consumption. Best suited for the environmentally aware, and the cost conscious, the innovative Philips PowerSensor ...

  Bloomberg Airbus SE, the European planemaker with production sites dotted around the continent, is concerned that Brexit will make it harder to shift workers between countries, hobbling decades of business practice at a manufacturer built on the free movement of people and goods. Airbus makes wings for all of its jets in the U.K. and operates multiple daily delivery ...

  Bloomberg UBS Group AG saw clients return from the sidelines in the first quarter, adding the most new money to the bank’s global wealth management business in about a decade. Net income at the Zurich-based bank surged 80 percent after better-than-expected results in wealth management and investment banking. Earnings at the unit catering to rich clients contributed 639 million ...

  Bloomberg As Nordea Bank AB tells Sweden it will move its headquarters from the largest Nordic economy unless the regulatory environment is relaxed, Finland and Denmark are stepping up their charm offensives. Danish Business Minister Brian Mikkelsen made clear he wants Nordea based in his country, and underscored his commitment to a stable regulatory environment in which banks and ...

  Emirates Business Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income ...