December, 2021

• 4 December

  Credit Suisse planning to restructure banker pay

  

  Bloomberg Credit Suisse Group AG is reviewing banker pay to better align compensation with shareholder interests, after a tumultuous year in which the firm was buffeted by the Archegos Capital Management and Greensill Capital crises. The Swiss lender should give senior-ranking employees more of their remuneration in shares, with long deferral periods and the ability to take back compensation that’s ...

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• 4 December

  India may hike rates next year, says Goldman

  Bloomberg India’s central bank could start tightening monetary policy from next fiscal year as consumer prices rise, according to Goldman Sachs Group Inc. “Inflation is going to determine what the RBI does over the course of next year,” Santanu Sengupta, senior India economist at Goldman said in an interview with Juliette Saly and Rishaad Salamat on Bloomberg TV. “Input cost ...

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• 4 December

  Canada’s biggest banks see 18% rise in bonuses

  

  Bloomberg Canada’s biggest banks shelled out 18% more for bonuses, unleashing the biggest increase in data going back nine years as the firms battled for talent to take advantage of a boom time in capital markets. The country’s six largest lenders set aside $14.9 billion for performance-based compensation in their 2021 fiscal year. The increase trounced the 6.3% average for ...

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• 4 December

  A cooker that makes chicken soft as butter

  

  Bloomberg The $410 DeliSofter pot looks much like the rice cookers ubiquitous in Japanese households and it does prepare rice in 24 minutes. But this invention of two Panasonic Corp engineers is designed to do more and help people with swallowing difficulties. The two women led the creation of a spin-off company, Gifmo Co, to sell the specialised steam cooker, ...

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• 4 December

  Kia unveils new electric Niro SUV line-up as EV race heats up

  

  Bloomberg Kia Corp unveiled its its new electric SUV, as the South Korean automaker and its affiliate Hyundai Motor Co. seek to catch up in the EV market. The all-new Niro, an upgraded version of the model first released in 2016, will be available as a hybrid electric in the first quarter of 2022 and as an all-electric battery-powered model ...

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• 4 December

  Nissan unveils $18 billion electric-vehicle strategy

  

  Bloomberg Nissan Motor Co. will invest 2 trillion yen ($17.6 billion) over the next five years to electrify more of its lineup and turn battery-powered cars into a pillar of its long-term growth. The Japanese automaker will introduce 23 new models by fiscal 2030, including 15 new electric vehicles, and aim for more than half of its sales to be ...

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• 4 December

  Google delays January office return

  Bloomberg Alphabet Inc’s Google is once again pushing back date it will require employees to return to US offices on renewed concern after cases of Covid-19 omicron variant have been confirmed, executives told employees. Google had set January 10 as its return date, asking a bulk of its workforce to come in three days a week. Chris Rackow, a Google ...

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• 1 December

  FCSC documents UAE’s economic advancement over past 50 years

  

  Abu Dhabi / WAM Over the past 50 years, the UAE has established solid foundations for a diversified and sustainable economy and has succeeded, after the discovery of oil in the region in the 1950s, in achieving significant economic advancement. It has also exerted significant efforts to transition to a knowledge-based economy, by encouraging innovation and optimising the regulatory frameworks ...

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• 1 December

  Oil falls as omicron variant sows fears over demand

  

  Bloomberg Oil falls as fears that omicron variant may resist vaccines sent risk assets tumbling. Futures in New York fell as much as 4.9% as part of a broader retreat among commodities and equities as a top drugmaker reiterated warnings that the new strain could withstand existing inoculations. Brent crude also tumbled, with the price structure of the global benchmark ...

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• 1 December

  UAE, Iran discuss ways to enhance bilateral relations

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received a phone call from Hossein Amir-Abdollahian, Minister of Foreign Affairs of Iran. During the conversation, they discussed bilateral relations and cooperation and ways to enhance them to advance the interests of their countries.

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