What if your car could keep you out of an accident by knowing what was coming around the corner? No, I’m not just telling you what you already know about self-driving cars. Most of the self-driving prototypes we’re familiar with rely on sensors, which have limited range and can’t see past obstacles. That’s enough to prevent a lot of accidents—but …

Bloomberg US stocks advanced as President Donald Trump prepares to lay out his tax-cut plan, while the dollar extended gains and bonds fell after Federal Reserve Chair Janet Yellen boosted expectations for an interest-rate rise in December. The S&P 500 Index was near record levels in early trading. The Bloomberg dollar index headed for a six-week peak and Treasury yields …

Reuters Shares of car insurance and rental companies rallied on the Saudi Arabian stock market on Wednesday after news that women would be allowed to drive, although the broader market was flat. Qatar’s stock market fell sharply, ending a six-day winning streak. Saudi King Salman issued a royal decree lifting the driving ban; it will be implemented by June 24, …

Bloomberg JPMorgan Chase & Co. was ordered by a Dallas jury to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive, but the verdict will probably be knocked down on appeal. Jo Hopper and two stepchildren won the probate court verdict over claims that JPMorgan mismanaged the administration of the estate of …

Bloomberg The European Central Bank’s (ECB) 113 billion euro corporate bond portfolio, accumulated as it propped up the euro zone economy with monthly asset purchases, has swept up debt from companies based outside the currency area. Bonds issued by non euro area firms account for 71 — or 7 percent — of the 1,009 securities bought by the ECB since …

Bloomberg Thailand’s central bank held its benchmark interest rate near a record low, spurning the government’s call for policy easing as it painted a brighter outlook for the economy. Thailand’s Finance Ministry has been stepping up pressure on the central bank to cut interest rates as the currency surges and as inflation remains subdued. Economic growth is lagging peers in …

Bloomberg Barclays Plc’s investment-banking boss, Tim Throsby, says he plans to reignite “commercial zeal” within the firm’s worst-performing unit, ending five years of risk-averse retrenchment that’s left traders trailing U.S. rivals. When he arrived at Barclays from JPMorgan Chase & Co. in January, Throsby found it was “very clear” staff had lost “a suitable focus on opportunities to deploy risk,” …

Bloomberg SBM Holdings Ltd., Mauritius’s second-largest lender, plans more acquisitions in Kenya as it seeks to become one of the country’s top 10 banks within the next three years before expanding into West Africa. The bank, which obtained a license to begin operating SBM Kenya Ltd. in May, expects to have its systems and staff in place by December, Advisor …

Emirates Business Banca Generali and Saxo Bank announce they have reached an agreement to establish an exclusive partnership to offer online trading and digital services. The objective is to offer clients, on an exclusive basis for the Italian market, access to an innovative platform for advanced trading, based on Saxo Bank’s technology and managed by a newly established SIM owned …

Bloomberg Jia Chen was in London again this summer—just one of the many trips she’s recently made across the Atlantic—to peddle a product left for dead in the ruins of the financial crisis. The 35-year-old Citigroup Inc. director has spent the past two years meeting clients, speaking at industry panels and becoming the face of a resurgent market for synthetic …