November, 2018

• 4 November

  ING’s third quarter profit beats estimates

  

  Bloomberg ING Group NV put a run of bad news behind it, with a third quarter profit that beat estimates and progress towards its cost targets. The shares jumped the most in 18 months. While net income plunged because of a 775 million-euro ($879 million) settlement for failing to monitor and prevent money laundering, the hit was less severe than ...

  Read More »
• 4 November

  Credit Suisse turnaround runs out of steam with markets loss

  

  Bloomberg Credit Suisse Group AG’s turnaround is running out of steam just as the bank enters the final stretch of its overhaul. Revenue and net income missed estimates in the third quarter, and the Global Markets business — one of the most difficult challenges of Chief Executive Officer Tidjane Thiam’s three-year tenure — posted an unexpected loss. The bank is ...

  Read More »
• 4 November

  Alitalia attracts EasyJet, Delta bids in new attempt at sale

  

  Bloomberg Italy’s Alitalia SpA attracted bids from European discounter EasyJet Plc and US giant Delta Air Lines Inc., as the government renews attempts to sell the bankrupt flag-carrier. UK-based EasyJet said in a statement that it submitted a revised expression of interest in Alitalia, while Delta also presented a proposal. Italian state railway company Ferrovie dello Stato said it also ...

  Read More »
• 4 November

  Coty cuts deal with Alibaba to court Chinese shoppers

  

  Bloomberg Coty Inc. wants to get closer to valuable Chinese consumers of cosmetics, hair care and fragrances, and will do so through a partnership with Alibaba Group Holding Ltd. The beauty company and online giant are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons, and lets ...

  Read More »
• 4 November

  Southwest offers free in-flight movies

  Bloomberg Southwest Airlines Co. is giving up on charging for in-flight movies, bowing to feedback from passengers accustomed to not paying on rival carriers. Free flicks will be available on some Wi-Fi-enabled jets and will be rolled out to most customers by the end of the week, Southwest said in a statement. That makes the Dallas-based discounter the last of ...

  Read More »
• 4 November

  Amazon executive rips news leaks about 2nd headquarters

  

  Bloomberg An economic development director at Amazon.com Inc. isn’t happy about a Washington Post report that the e-commerce giant is in advanced talks with a Washington suburb about being the location for its second headquarters. In a recent tweet, Amazon’s Mike Grella addressed “the genius leaking info,” saying: “You’re not doing Crystal City, VA any favours. And stop treating the ...

  Read More »
• 4 November

  UK promotes global airline carbon market after Brexit

  

  Bloomberg Britain is urging the European Union to support a global carbon market for emissions from airlines, a move that would probably supersede the bloc’s own trading program. Aviation is too big of an industry to be covered piecemeal by regional pollution rules, according to Liz Sugg, the UK’s aviation minister. Flights within the union are covered by the EU’s ...

  Read More »
• 3 November

  UAE, Tajikistan talk cooperation in food security

  DUSHANBE / WAM UAE Ambassador to Kazakhstan and Non-resident Ambassador to Tajikstan, Dr Mohamed Ahmed bin Sultan Al Jaber, met Tajik Minister of Agriculture Izatullo Sattori, to explore prospects for joint cooperation in agriculture and food security. The Tajik minister welcomed UAE investment in these areas, expressing his government’s readiness to pr-ovide every possible assistance and facilities in this regard.

  Read More »
• 3 November

  Businesses urged to keep financial data confidential

  ABU DHABI / WAM The Federal Tax Authority (FTA) called on businesses registered for tax purposes not to disclose their financial or tax data to any person or organisation that is not officially authorised to deal with such data. The authority stressed in a statement that it is necessary to remain vigilant about messages received via e-mail or mobile phone ...

  Read More »
• 3 November

  FinTech Hive deepens global access with 10 landmark pacts

  

  DUBAI / WAM Dubai International Financial Centre (DIFC) has strengthened its position as Measa’s number one fintech hub and one of the world’s top 10 FinTech hubs with a series of landmark agreements between FinTech Hive at DIFC and global Fintech accelerators. FinTech Hive at DIFC, the first and largest financial technology accelerator in the Measa region, has signed more ...

  Read More »