Bloomberg French banks are urging Yellow Vests protesters to spare local branch offices as the nation braces for the 20th week of street demonstrations. “Hundreds of local agencies” were vandalised in the past four months and employees have been threatened, the heads of BNP Paribas SA, Credit Agricole SA, Groupe BPCE, Societe Generale, Credit Mutuel and Banque Postale wrote in ...

Bloomberg Everyone is lining up to attack Sweden’s currency, from investors to the country’s leaders. The krona’s four-year slump has led to soul-searching in the Scandinavian nation about whether the policies pursued in the wake of the financial crisis have backfired. Banks are slashing their outlook for the krona, a former prime minister has suggested dumping it for the euro ...

Bloomberg Swedbank AB has hired the law firm Nordia as its external legal counsel to handle a criminal investigation into potential fraud, amid a growing money-laundering scandal that has engulfed the bank. Swedbank fired Chief Executive Officer Birgitte Bonnesen as laundering allegations against Sweden’s oldest bank and biggest mortgage lender pile up. The lender is being investigated by the financial ...

Bloomberg A former Mizuho Bank Ltd executive — who was fired for taking a part from a bicycle in the company storage shed — is suing the bank, saying it used the episode as a “convenient way” to get rid of him after he complained about bullying and potential regulatory breaches. Marius Caracota, who worked as a relationship manager for ...

Bloomberg The ceremony at the Elysee palace in Paris exuded the full pomp of the French state. Under ceilings dripping with chandeliers, executives of Airbus SE and the agency that buys planes for China’s airlines signed an order worth $35 billion as French President Emmanuel Macron and his Chinese counterpart, Xi Jinping, looked on. Normally, such an event would be ...

Bloomberg Kenya Airways Plc is in discussions with Airbus SE to acquire an unspecified number of planes from the Toulouse, France-based company, but remains a “happy and loyal customer” of Boeing Co, according to Chief Executive Officer Sebastian Mikosz. Sub-Saharan Africa’s third-largest carrier, which wants to add 50 airliners to its fleet over the next six years to ward off ...

Bloomberg Boeing Co faced widening fallout from the crisis over its 737 Max jets, as travel giant TUI AG warned the grounding of the aircraft will cut its profit and the estate of a passenger who died in this month’s crash in Ethiopia sued the planemaker. Boeing, based in Chicago, has been under intense scrutiny after two 737 Max crashes ...

Bloomberg Tiffany & Co has quietly added thousands of manufacturing jobs over the past two years as it digs deeper into the diamond business. The jeweller has increased its staff by 2,300 employees since early 2017, about a 19 percent rise in headcount. Nearly all of the new jobs are in Tiffany factories abroad or jewellery manufacturing in the US. ...

Bloomberg Sonic is doubling down on indulgent. The burger chain, squeezed by tough competition from larger rivals including Burger King and McDonald’s Corp, is adding a Red Bull frozen “slushie” to its menu next month, as it seeks to pull in the so-called young males who have remained loyal fast-food customers even as eating habits shift in the US. It’s ...

DUBAI / WAM The UAE gross domestic product (GDP), grew by 1.7 percent in 2018 at constant prices of 2018 as compared to 2017, said Sultan bin Saeed Al Mansouri, Minister of Economy, on Saturday citing preliminary macro-economy indexes issued by the Federal Competitiveness and Statistics Authority (FCSA), for last year. Al Mansouri noted that the improvement in the UAE’s ...