January, 2018

• 10 January

  Here is a delicate subject for the Bank of Italy

  

  Ever since it took over from national authorities as the euro zone’s supervisor-in-chief, the European Central Bank (ECB) has prided itself on taking a tough stance when it comes to bad loans. But has the ECB neglected other risks in the financial sector? This is the thesis of a curious paper published by the Bank of Italy at the end of ...

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• 10 January

  How to break Apple, Samsung’s smartphone grip

  

  Americans are boringly predictable when it comes to smartphone shopping. Roughly three-quarters of Americans with smartphones own either a Samsung or Apple device. Every other mobile phone maker is competing for scraps. Perhaps the company with the best shot at shaking things up, China’s Huawei Technologies Co., has suffered a big blow to its ambitions to dislodge the Coke and ...

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• 10 January

  China to finalise order for 184 A320 jets soon: Macron

  

  Bloomberg China, poised to become the world’s biggest aircraft buyer, will finalize orders for 184 Airbus SE A320 family aircraft soon, French President Emmanuel Macron said after talks with his Chinese counterpart Xi Jinping. The previously unannounced orders are mainly for the A320neo jets, with deliveries to 13 airlines scheduled in 2019 and 2020, an aide to Macron told reporters ...

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• 10 January

  India’s e-comm boom opens door for Allcargo

  

  Bloomberg The battle for e-commerce dominance in India between Amazon.com Inc. and local rival Flipkart Online Services Pvt. has opened the door for one of the nation’s largest logistics companies to reinvent itself. Mumbai-based Allcargo Logistics Ltd., with a presence in more than 160 countries, plans to transform into a business-to-customer company with a focus on e-commerce from its traditional ...

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• 10 January

  Wal-Mart’s Walton family backs ‘food waste startup’

  

  Bloomberg Members of the Walton family, heirs to the Wal-Mart Stores Inc. fortune, are backing a startup that thinks it can turn a profit by reducing food waste. The business, called FoodMaven, has completed an $8.6 million Series A fundraising round that includes financing from the billionaire Walton clan. The family office is Walton Enterprises, which holds nearly half of ...

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• 10 January

  When you complain about these airlines on Twitter, they listen

  

  Bloomberg As everyone learned when a passenger was forcibly removed from a United Express flight, social media and the ubiquity of mobile phone cameras have shifted the ground rules for airline customer service. The best and worst corporate interactions speed across the internet with potentially dire results for corporate targets of public anger. For air carriers in particular, “the world ...

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• 9 January

  Abu Dhabi’s aluminum, copper trade up 29.2%

  

  Abu Dhabi / WAM Abu Dhabi’s trade in aluminum and copper amounted to AED12.8 billion in the first 10 months of 2017, a growth of 29.2 percent from AED9.9 billion during the corresponding period in 2016, as per figures released recently by the Statistics Centre— Abu Dhabi. The significant growth was catapulted by the momentum experienced at some platforms associated ...

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• 9 January

  UAE expects 3.9% economic growth in 2018

  Abu Dhabi / Reuters Growth of the United Arab Emirates’ gross domestic product is expected to accelerate to 3.9 percent in 2018, a senior official of the Ministry of Economy said on Tuesday, citing a forecast by the central bank. Abdullah Al Saleh, the ministry’s undersecretary for foreign trade, was speaking at a busi-ness conference. Last month, the central bank ...

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• 9 January

  ADCB raises $540 million through Formosa bond sale

  

  DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB), the emirate’s second-largest bank by assets, raised $540 million through the sale of a Formosa bond, sources told Reuters on Tuesday. ADCB has been among the most active Gulf banks in the Formosa market in the past year or so. Formosa bonds are sold in Taiwan by foreign issuers and denominated in ...

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• 9 January

  Emirates NBD to bring world’s first ‘connected card’ to UAE

  DUBAI / Emirates Business Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions, and Dynamics Inc. at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered, interactive payment cards to the United Arab Emirates in 2018. Wallet Card is the world’s first connected, secure payment card. In recognition of ...

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