October, 2018

• 6 October

  Leave passports out of the ECB race

  

  Within the space of little more than a year, the European Central Bank (ECB) will see two profound changes at its top. At the end of 2018, Daniele Nouy will step down as head of the Supervisory Board, the body in charge of overseeing the euro zone’s largest banks. Then, in the autumn, it’ll be Mario Draghi’s turn to leave ...

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• 6 October

  India’s bankruptcy auction that wasn’t, perhaps

  The jewel gathering dust in India’s bankruptcy court can have a suitor after all. The two top bidders may stay in the race for Essar Steel India Ltd.’s 10 million-tons-a-year plant, the country’s top court ruled, provided they first make banks whole. There’s the catch. For ArcelorMittal, the payment required is for two unconnected defaults. The world’s biggest steel producer ...

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• 6 October

  UK needs bold leadership that goes beyond Brexit

  Sometimes, Brexit seems like it might subsume British public life entirely. So some credit is due to Prime Minister Theresa May, who tried to articulate a broader agenda at her party’s annual conference this week. Regrettably, her policies were a mix of modest improvements and ambitious mistakes — a schema largely out of tune with the challenges the country now ...

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• 6 October

  Donald Trump’s debacles are self-inflicted wounds

  

  Reading Greg Miller’s gripping new account of President Trump’s entanglement in the Russia investigation, it’s striking just how many of the president’s difficulties have been self-created. Trump sees enemies everywhere around him; he should look in the mirror. As the book’s ironic title makes clear, Trump has been ‘The Apprentice’ in the White House. New to government, buoyed by sycophantic ...

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• 6 October

  Facebook scores a very ‘unwelcome first’

  

  Maybe it was inevitable that Facebook Inc. would become the first big target for Europe’s new data privacy rules. After Mark Zuckerberg’s social media giant revealed a security breach last month that hit at least 50 million accounts, Ireland’s data protection authority now says it’s investigating whether its safeguarding measures were compliant with the General Data Protection Regulation (GDPR), which ...

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• 6 October

  Japan’s legendary trading companies tell new story

  

  Japan’s storied trading houses are emerging from the shadow of billions of dollars of impairments they took after the financial crisis and the end of the commodity super-cycle. Stocks of the so-called sogo shosha, the groups that drove Japan’s postwar export success — the likes of Itochu Corp., Marubeni Corp. and Mitsubishi Corp. — have rallied as much as 36 ...

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• 6 October

  Who’s winning the self-driving car race?

  

  Bloomberg In the race to start the world’s first driving business without human drivers, everyone is chasing Alphabet Inc.’s Waymo. The Google sibling has cleared the way to beat its nearest rivals, General Motors Co. and a couple of other players, by at least a year to introduce driverless cars to the public. A deal reached in January to buy ...

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• 6 October

  Dell unveils new updates to XPS, Inspiron

  

  DUBAI / Emirates Business Dell unveiled new updates to its award winning XPS family and Inspiron 2-in-1 portfolio, GITEX Shopper Autumn 2018 — the largest consumer technology event in the Middle East — continuing its commitment to thoughtful design and innovation. In line with this, Dell also showcased its newly released Vostro 5471 focussed on providing productivity and security features ...

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• 6 October

  Linksys launches new cloud manager for SMB networks

  

  DUBAI / Emirates Business Linksys, celebrating thirty years of networking and WiFi innovation for the home and business, announced Middle East regional launch of Linksys Cloud Manager, a cloud-hosted WiFi Management Platform purpose-built for small business environments that reduces costs and increases operational efficiencies, in the United Arab Emirates. The solution offers centralized visibility, mana- gement and control of a ...

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• 6 October

  After stock rout, Greece weighs bank bad-loan plan

  

  Bloomberg Greece is weighing a plan to help banks speed up their bad-loan disposals, possibly including a government guarantee, in a bid to restore confidence in the battered sector, people familiar with the matter said. While the details are still being worked out, the proposal would see lenders unload some bad loans into special purpose vehicles, taking them off banks’ ...

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