March, 2019

• 31 March

  Tiffany adds manufacturing jobs to boost its diamond business

  

  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. …

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• 31 March

  Sonic brings Red Bull to fast food next month

  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 …

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• 30 March

  UAE committed to robust climate action

  NEW YORK / WAM During his participation in the High-Level Meeting on Climate and Sustainable Development for All, convened by Maria Fernanda Espinosa, President of the United Nations General Assembly in New York, Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, reiterated the country’s green commitment and support for ambitious and innovative global climate action. …

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• 30 March

  India defers retaliatory import tax on US goods

  

  Bloomberg India has extended its deadline to impose retaliatory customs duties on a number of US imports, including almonds and pulses, by a month. In a notification issued by the country’s finance ministry, the government said that the implementation of increased customs duties has been postponed to May 2 from April 1. India has put off imposing retaliatory tariffs a …

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• 30 March

  Trump doubles down on Keystone pipeline with new permit

  

  Bloomberg President Donald Trump issued a new permit for TransCanada Corp’s controversial Keystone XL pipeline, circumventing a court ruling that blocked a previous authorisation by his State Department. The move aims to undercut legal challenges to the $8 billion project, including a November ruling by a Montana-based district judge that faulted the State Department’s previous environmental analysis, according to a …

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• 30 March

  Swiss real estate in spotlight for wrong reasons

  

  Bloomberg Switzerland’s property-market watchdogs aren’t likely to catch a break. With European interest rates set to remain low for even longer, that’s going to further fuel the ongoing exuberance in Swiss real estate that’s seen multiple warnings this month alone. The issue is particularly acute in buy-to-let properties, as insurers and pension funds look to compensate for otherwise meager returns. …

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• 30 March

  Apple video app embraces other devices only when needed

  

  Bloomberg Apple Inc showed it can open up its software and services to devices that compete with its own — but only when absolutely necessary. The company’s updated TV app, including a new subscription for original movies and TV shows, will launch on iPhones, iPads, and Macs. But it will also be available via gadgets from Amazon.com Inc and Roku …

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• 30 March

  Daimler bets big on self-driving trucks with Torc Robotics deal

  Bloomberg Daimler AG’s truck unit agreed to buy a majority stake in US autonomous technology company Torc Robotics as the world’s biggest commercial-vehicle maker prepares to spend more than $561 million on self-driving vehicles in the next few years. The deal is part of a plan to start running highly automated vehicles on US roads, starting with routes between logistics …

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• 30 March

  Jack Ma-backed mobile app mimicking Ant Financial

  

  Bloomberg Mynt, the Philippine mobile payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image. The operator of the GCash app is now trying to become a conduit for insurance policies with the help of strategic partners that can help it …

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• 30 March

  Wells Fargo CEO Sloan quits over scandals

  

  Bloomberg Wells Fargo & Co Chief Executive Officer Tim Sloan gave in to critics and abruptly stepped down, after the 31-year company veteran struggled to tame a range of scandals, launching the fourth-largest US bank into a hasty search for a successor. Sloan, 58, will be replaced on an interim basis by the firm’s general counsel, C Allen Parker. The …

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