Bloomberg Banco Santander SA is planning to allow some of its staff in the US to work from home on a more permanent basis. While roughly 50% of the firm’s 17,000 US employees are classified as site-dependent, about 45% will be able to split their time between home and the office, Tim Wennes, who oversees the company’s US arm as …

Bloomberg Deutsche Bank AG is moving more than half of all positions out of Ireland as the German bank seeks to cut costs. The lender is shifting almost 250 roles in Dublin “to other centers around the world,” it said in a statement. However, it will add 35 front office jobs to expand the corporate banking team in Ireland’s capital, …

Bloomberg Automakers’ sales soared in the second quarter as consumers snapped up sport utility vehicles and pickups, but thin inventories created by the global semiconductor shortage are tempering the pace of the industry’s recovery. General Motors Co, Toyota Motor Corp and others said that their sales soared in the most recent quarter, buoyed by pent-up demand for vehicles as Americans …

 Bloomberg Nintendo Co announced a new Switch console for release on October 8, a long-awaited $350 gadget likely to stimulate a wave of new software and holiday season sales. The new device marks the first major hardware upgrade to the console originally released in 2017 for $299. Its key upgrades are a larger 7-inch OLED screen and a doubling …

Bloomberg BMW kicked off assembling its latest electric car, using the occasion to tout green credentials it hopes will appeal to buyers and regulators who increasingly demand sustainable products. The German automaker started series production of the battery-powered iX SUV at its Dingolfing plant near Munich, which sources hydroelectric power from nearby rivers. The model is expected to go on …

Bloomberg Twitter Inc pledged to “fully comply” with India’s new internet regulations, caving in a dispute with the government over rules that critics say curtail privacy and free speech. The US social media giant has appointed an interim chief compliance officer, will name a grievance officer by July 11 and set up an India office in eight weeks, a lawyer …

Bloomberg The European Union (EU) proposed a swathe of new rules to bring the world of finance in line with its ambitious goal to make the region carbon neutral by the middle of the century. The European Commission wants tighter measures on banks and credit rating agencies to better reflect the risks climate change poses to the financial system. The …

Bloomberg China’s top economic planning body has been put in charge of devising a plan for the world’s biggest polluter to cut greenhouse gas emissions, indicating that climate policies are gaining a more central role in the nation’s long-term development strategy. The country’s top officials told the National Development and Reform Commission (NDRC) a few months ago to lead the …

Bloomberg A wave of patriotic buying fuelled by the Xinjiang cotton controversy is helping shares of Chinese sportswear makers outperform global peers. Chinese consumer support in response to the alleged human-rights issues in Xinjiang region has boosted at least one local sneaker maker by some 250% since the controversy escalated in late March. A Bloomberg gauge of Hong Kong-listed apparel …

Bloomberg Walmart Inc has hired a veteran of American Express Co to run Walmart+, the membership program it unveiled less than a year ago to counter Amazon.com Inc’s Prime plan. Chris Cracchiolo, a senior executive who spent 19 years at the credit-card company, will take over as senior vice president and general manager of Walmart+ on July 12, Chief Customer …