October, 2018

• 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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• 6 October

  Germany’s bankers brace for more cuts

  

  Bloomberg After lenders in Germany have already slashed about 188,000 jobs since the year 2000, many employees are now increasingly seeing digitalisation as the next big threat to employment. In the country’s private banking industry alone, around 40 percent of employees believe that digitalisation will worsen long-term job security over the next two years, according to a study by the ...

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• 6 October

  Fed’s Powell heaps Trump-like praise on economy

  

  Bloomberg There’s a powerful person in Washington besides the president who can barely contain his enthusiasm for the US economy. It’s the man Donald Trump appointed to head the Federal Reserve and whom he’s attacked for raising interest rates: Jerome Powell. In what Fed watchers say was unprecedented four public appearances over the past week, Powell repeatedly lauded the economy’s ...

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• 6 October

  US is probing laundering case: Danske Bank

  

  Bloomberg Danske Bank A/S said the US has started an investigation into a money laundering case involving Denmark’s biggest bank that has already toppled its chief executive officer and triggered numerous other probes. The development comes as criminal investigations are under way in Estonia and Denmark, and after Danske said that a large part of about $235 billion that flowed ...

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• 6 October

  Irish bank loan scandal bill tops half billion euros

  Bloomberg Irish banks paid out over a half a billion euros to customers caught in a mortgage overcharging scandal, according to the nation’s central bank governor. Lenders handed 580 million euros to affected customers by the end of August, an increase of about 120 million euros since the end of March, central bank Governor Philip Lane was expected to say ...

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• 6 October

  US airlines find way to unlock riches in coach

  

  Bloomberg Travellers probably won’t be rushing to praise the airlines for it, but industry investors should find a lot to love in an innovation that offers just a smidgen more wiggle room for twice the money. As budget coach seats become more cramped, and business class gets more luxurious and pricey, demand has swelled for an in-between option that will ...

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