Bloomberg HSBC Holdings Plc’s chief executive officer for Canada, Linda Seymour, spent her first year on the job as what she calls “a virtual CEO.†While Seymour is looking forward to that phase of her tenure being over, experience has validated her priorities at the helm of one of country’s biggest banking operations. Seymour, who took over as president and …
Read More »Vaccinations must for Barclays staff in New York
Bloomberg Barclays Plc is the latest bank in the United States to keep unvaccinated staff at home for the time being. “As we continue inviting our colleagues back to our offices in New York, we made a decision to focus initially on those already vaccinated,†Barclays said. Banks are bringing more staff back to their premises around the world after …
Read More »Apple plans to add satellite features to iPhones
Bloomberg Apple Inc.’s push to bring satellite capabilities to the iPhone will be focused on emergency situations, allowing users to send texts to first responders and report crashes in areas without cellular coverage. The company is developing at least two related emergency features that will rely on satellite networks, aiming to release them in future iPhones, according to a person …
Read More »Facebook, Xiaomi eye India’s $1 trillion digital loan market
Bloomberg India’s digital loan market is becoming a battleground for companies from Facebook Inc. to Xiaomi Corp., seeking a foothold in what’s set to be a $1 trillion industry. Facebook said India would be first country where it rolls out its small business loan program offering loans via a partner to firms that advertise on its platform. The loans will …
Read More »Nuro to build $40mn robot-car factory in Nevada
Bloomberg Nuro Inc, which has unmanned delivery pods scurrying around Southwestern streets, said that it will build a $40 million facility to assemble and test a new generation of autonomous vehicles in Nevada. The expansion marks an inflection point for the five-year-old robotics startup. After three years refining its autonomous driving system while delivering groceries, prescriptions and pizza, it says …
Read More »Twitter plans new privacy-related tools
Bloomberg Twitter Inc is planning to test new privacy-related features aimed at giving users greater control over their follower lists and who can see their posts and likes, an effort to make people more comfortable interacting and sharing on social network. The tools are related to what Twitter executives call “social privacy,†or how users manage their reputations and identities …
Read More »Oil falls as traders count down moments until Opec+ meeting
Bloomberg Oil slipped ahead of an Opec+ meeting that should see further output added to a market that the group sees as needing extra supply. West Texas Intermediate falls by 1.3% after losing more than 7% in August, the biggest monthly decline this year. The Organisation of Petroleum Exporting Countries (Opec) and its allies including Russia are expected to ratify …
Read More »UAE condemns Houthis’ attempt to target Saudi
ABU DHABI / WAM The UAE has strongly condemned the terrorist Houthi militias’ attempts to attack civilians and civilian objects in Najran, Saudi Arabia on Wednesday with a ballistic missile, which was intercepted by Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation, the UAE reiterated that these systematic terror attacks by the Houthis reflect …
Read More »Siam Makro surges on $7b deal to control Lotus stores
Bloomberg Siam Makro Pcl surged as much as 24% after Thailand’s biggest operator of cash-and-carry stores announced a plan worth about 218 billion baht ($7 billion) to take control of retailer Lotus from other affiliates of the Charoen Pokphand Group. The share-price gain was the biggest since August 2013, with the deal leading to Siam Makro taking a 76% stake …
Read More »Airbus secures $4.9b order from Boeing customer Jet2
Bloomberg Airbus SE secured an order for 36 single-aisle planes from UK leisure carrier Jet2 Plc, picking off a Boeing Co customer with steep discounts as it seeks to regain sales momentum. The A321neo jets, scheduled for delivery over five years through 2028, are valued at $4.9 billion before “significant discounts,†Jet2 said in a statement. The number of planes …
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