New York / AFP US banking supvervisors should beef up their oversight of large banks beyond stress tests with deep-dive audits and greater use of outside examiners, a top regulator said. Under a ‘full-scope’ exam, a team of regulators would converge on the largest US banks to pull ledgers, check whether loan payments are on time and “systematically review a ...

BLOOMBERG Executives at Banco Popolare SC and Banca Popolare di Milano Scarl are racing to reach a merger accord that meets the European Central Bank’s (ECB) capital demands as Italy’s biggest banking deal in years threatens to unravel. After a month of talks with the lenders failed to assuage the ECB’s concerns over capital and governance, the central bank sent ...

LONDON / Bloomberg The UK Green Investment Bank Plc moved closer to selecting special shareholders who can veto changes to its environmental mission after the institution is privatised. The national science academy known as the Royal Society, Scotland’s Institute of Chartered Accountants and Scotland’s Law Society will help create a committee to protect the mandate of the bank, according to ...

AFP Sitting on sofas with laptops balanced awkwardly on their knees as they sip from bottomless cups of tea and coffee, customers have turned an off-the-beaten-path café in Montreal into their personal workspace. And the owners couldn’t be happier. “Here, you are at home,” said Anti Café manager David Chevrier, talking up the new breed of coffee shop that charges ...

DPA Graffiti, broken windows, crumbling masonry: the former Gare Masséna railway station in south-east Paris boasts none of the French capital’s famous charm. Only the overgrown tracks near the station building and a small blue sign marked “SNCF” — the French national railway — hint at its former use by travellers and trains. The dilapidated building has become an object ...

RITIKA SHARMA / EMIRATES BUSINESS For those on lookout for more creativity in fashion shows, for those who dare to think beyond set principles of designing and for those whose want to make fashion ‘inspirational’, Arab Fashion Week 2016 (AFW) was the place to be. From Shakespeare’s shy Juliet to Jane Austin’s endearing Elizabeth, from futuristic architecture to earthy colours ...

ALKESH SHARMA / EMIRATES BUSINESS Elusive vacuum of dependable tools to cultivate digital presence in the UAE’s corporate ecosystem actually led to the birth of aiwa.ae. Taking giant strides in the competitive business domain of this region, aiwa.ae has carved its own niche in less than a year, since its inception in 2015. It is offering customised as well as ...

ALKESH SHARMA / EMIRATES BUSINESS Gulf Craft, the world’s innovative builder of luxury yachts and leisure boats, has served the aspirations of passionate seafarers for more than three decades. The award-winning manufacturer is one of the world’s leading superyacht shipyards, a merit it has achieved through continuous investment in research and development. Founded in the Emirates in 1982, Gulf Craft ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed on Thursday with HH Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, bilateral relations and ways to enhance them in the best interests of the two fraternal countries and ...

WELLINGTON / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Todd McClay, Minister of Trade of New Zealand, in the New Zealand capital, Wellington. During the meeting, they discussed ways to strengthen cooperation in key sectors between both countries, especially in the fields of agriculture and food security, and several other ...