Bloomberg There’s still plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs—and bumping up the numbers of women in their management ranks as a result. Women account for 13 percent of ...

Bloomberg The European Union will consider offering the UK “improved equivalence” for financial services after Brexit, according to the latest draft of the bloc’s negotiating position, a system Britain has rejected as “wholly inadequate.” It’s not clear what “improved” would mean. What is clear is that the EU is rejecting the UK’s bid for its banks to have access to ...

Bloomberg The UK’s privacy watchdog said it’s requesting a search warrant to comb the offices of Cambridge Analytica as part of an investigation into allegations the firm retained information on millions of Facebook users without their consent. Cambridge Analytica failed to respond to an access request by the Information Commissioner’s Office, forcing the authority to seek a warrant “to obtain ...

Bloomberg German investor sentiment slumped to its lowest level since September 2016 as concern intensified that Europe’s largest economy could be hurt by a global trade war and a strengthening euro.The ZEW Center for European Economic Research in Mannheim said on Tuesday that its monthly index of investor expectations fell to 5.1 in March from 17.8. Economists in a Bloomberg ...

Bloomberg US tariffs on aluminum and steel imports will add thousands of jobs at domestic producers, offsetting labour losses in other industries, while economic growth will slow by a tiny percentage, according to the Coalition for a Prosperous America. The study is from the nonprofit organisation, which has supported the US administration’s skepticism towards free trade. The group estimates President ...

Bloomberg Publicis Groupe SA, the world’s third-largest advertising company, lifted its outlook for growth on the conviction that it’s the best placed to triumph over structural changes in the industry. “We believe that we are the only ones who have the right assets to succeed,” Publicis Chief Executive Officer Arthur Sadoun said in an interview ahead of an investor presentation ...

Last week, the European Commission and the European Central Bank (ECB) announced new rules on how banks should treat dud loans. The good news is that the changes will help make European banks more resilient in the future. The bad news is that the euro zone banking system remains insufficiently equipped to deal with a new crisis. European banks are ...

Kumar Mangalam Birla just treated India’s new bankruptcy law with utter disdain. But before you dismiss this as yet another instance of a billionaire behaving badly, think of the huge favour he’s doing the legal system. Normally, Birla’s 72.7 billion rupee ($1.1 billion) offer to Binani Industries Ltd. for its 98.4 percent stake in Binani Cement would be unremarkable. Birla’s ...

Without a doubt, the European Central Bank is the euro zone’s most powerful policy-making institution: It sets monetary policy for 19 member states and supervises the bloc’s most important lenders. Even so, the failure of a Latvian bank shows that the ECB doesn’t have all the powers it needs. Gaps remain, and they put Europe’s financial system at risk. At ...

Presume not that China is the thing it was. That’s certainly the message Premier Li Keqiang intends to convey with his promise to cut levies on imports. Almost simultaneously, Bloomberg News reported that the Trump administration will impose tariffs on as much as $60 billion of Chinese products as soon as this week. Have the world’s great protectionist and its ...