Bloomberg M.M. Warburg & Co, a private bank under investigation in Germany over a series of controversial tax deals, has opened a new legal front by suing Deutsche Bank AG to pick up the bill. Warburg filed a suit in Frankfurt in December to force Deutsche Bank to pay a 46 million-euro ($53 million) tax bill the company received over ...

Bloomberg Andrea Orcel, the former top dealmaker at UBS Group AG, will have to wait until April to take on his new role as chief executive officer at Banco Santander SA after the Swiss bank decided to enforce his entire six-month garden leave, people familiar with the matter said. Orcel was expected to make the move early in the first ...

Bloomberg The possible replacement of the governors of three key African central banks this year could yield an unexpected surprise: policy stability. Time is running out on the first terms of Nigeria’s Godwin Emefiele, Kenya’s Patrick Njoroge and South Africa’s Lesetja Kganyago. While all three are eligible to serve another term at the helms of their central banks, this isn’t ...

Bloomberg The Transportation Security Administration (TSA) plans to begin closing a handful of security checkpoints at airports around the US as soon as this weekend in response to staff shortages as impacts of the three-week partial federal government shutdown begin to expand. Miami International Airport has shut one of its concourses for several days and has moved flights to other ...

Bloomberg Vietnam’s Bamboo Airways, after repeated delays, will start commercial flights on January 16, the company said in an emailed statement. The carrier set minimum ticket prices at 149,000 dong ($6.40) each. The carrier will initially operate 37 domestic routes, the company said in a separate statement. Bamboo Airways will also start this year international flights to Asian countries, starting ...

Bloomberg Target Corp set a high bar for rival retailers with strong holiday sales, bolstering the industry’s hope that this will be America’s best shopping season in more than a decade. Target’s comparable sales grew 5.7 percent in the November-December period, beating some analysts’ estimates. It also maintained its full-year sales and earnings forecasts. Target went all out over the ...

Bloomberg Less than two weeks after saying it had a ticketing error that gave away premium seats at huge discounts, Cathay Pacific has done it again. This time, some visitors to their booking site got lucky on flights from Europe to Hong Kong. The South China Morning Post reported that the carrier offered first-class seats from Portugal to Hong Kong ...

Bloomberg Sun Country Airlines Inc will begin service from San Francisco to Hawaii on May 18 for the peak summer season, bulking up its service to the island state just as Southwest Airlines Co plans to jump into the market. Fares to Honolulu will start at $259 each way. The average one-way fare on the route is $339 during the ...

Bloomberg Indonesian airlines reduced air fares for some local routes by as much as 60 percent starting last week in response to a backlash over a surge in ticket prices during the peak holiday season. PT Garuda Indonesia, Lion Air and PT AirAsia Indonesia are among the carriers which already cut prices from January 11, the Indonesian National Air Carrier ...

Dubai / Emirates Business Dubai Land Department (DLD) identified an increasing demand on its various applications. DLD monitored the activity of its customers, the number of times customers downloaded DLD applications on Android and iOS platforms. The monitoring included DLD’s various applications: Dubai Brokers, Dubai Rest, Dubai Land Department, Ejari, Mashrooi, Rental Disputes Center, Smart Investment Map, and Dubai Real ...