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Google knows you better than doctor

Thanks to a combination of Google, WebMD and the $6,000 deductible on my health insurance, I haven’t been to a doctor to talk about an illness in years. Millions of Americans have similar habits; in fact, one in 20 Google searches are for health-related information. “Dr. Google” may not have an MD or a board certification, but it does have ...

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The story of mutiny, surrender in India’s banking elite

Chandra Shekhar Ghosh is a new arrival on India’s banking scene. Billionaire Uday Kotak is a seasoned campaigner and Asia’s richest banker. No wonder then that Ghosh is falling in line with a central bank command, while Kotak is suing. The disputes concern the founders’ maximum permissible ownership. The Reserve Bank of India is pushing the largest shareholders of Ghosh’s ...

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Cutting economic outlook kept growth risks balanced: ECB

Bloomberg European Central Bank (ECB) officials agreed that a cut to their 2019 growth projection in itself acknowledged that risks to the outlook for the euro-area economy had increased. That effectively allowed President Mario Draghi to avoid saying in December that the balance of risks was to the downside, which would have jarred alongside a decision to halt bond buying ...

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China’s biggest bank cuts space at New York’s Trump tower

Bloomberg Two of China’s New York power players are pulling back from Trump — Trump Tower, that is. First, a big Chinese conglomerate, HNA Group Co, moved to sell a Manhattan office tower four blocks from Trump Tower after US authorities raised national security concerns. A deal has finally been cut. Now, China’s biggest bank, Industrial & Commercial Bank of ...

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Deutsche Bank sued over $53mn tax bill

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 ...

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UBS to make Orcel wait for new CEO gig

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 ...

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Policy stability seen as African central bankers’ terms end

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 ...

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Some airport security lanes to close as shutdown pinches TSA

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 ...

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Bamboo Air to join Vietnam skies soon

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 ...

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Target ups ante for retail with strong holiday sales

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 ...

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