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Good luck finding a major bank in Europe that hasn’t breached money laundering regulations. In Denmark, the two largest banks, Danske Bank and Nordea, are both currently subject to criminal investigations. BNP Paribas received the highest-ever fine in 2014, when it settled with US authorities and had to pay $9 billion for sanctions violations. Many others — from HSBC and ...

Bloomberg A good decade ago, Airbus SE added more fuel-efficient engines to its A320 aircraft family, giving its already bestselling model a dramatic demand boost. Now the European company is seeking to repeat that success, this time with a new set of wings. Airbus aims to produce a composite wing that’s both affordable and capable of a high production rate, ...

Bloomberg Auchan Retail is considering selling its stake in a group of RT-Mart-branded stores in Taiwan and is seeking $300 million to $400 million, people familiar with the matter said. The French supermarket chain is working with an adviser to find a buyer for its 65% stake in the retail locations, the people said, asking not to be identified as ...

Bloomberg McDonald’s Corp is planning for fully reopened dining rooms in the US this summer, though it’s running into opposition from some franchisees who say they don’t have enough staff or interested diners to make it worthwhile. The company said that while it isn’t setting a hard deadline for franchises, it’s aiming for a rolling re-opening between now and the ...

Bloomberg Under Armour Inc is boosting hourly wages to better attract and keep the employees it needs to expand its online business. The sportswear retailer said it’s raising the minimum wage for all US employees to $15 an hour starting from June 6 — an increase of as much as 50% for some staff. Canadian workers will also get a ...

Bloomberg Singapore closed two shopping malls on the western part of the island for two weeks after 10 recent Covid-19 infections were linked to the properties. “Our epidemiological investigations have found that there is likely ongoing transmission among individuals who visited these malls,” the Health Ministry said in a statement. “To break any potential chain of transmission and enable deep ...

Bloomberg Genesco Inc appointed three new directors as the shoe company tries to fend off an activist investor seeking to take control of the board. The owner of footwear retailers such as Journeys and Johnston & Murphy said it appointed former Deckers Brands Chief Executive Officer Angel Martinez, Valvoline Inc executive Mary Meixelsperger and Greg Sandfort, the former CEO of ...

Bloomberg Russia dismissed European Union (EU) and US outrage at the forced landing of a Ryanair Holdings Plc plane in Minsk by Belarusian authorities who arrested a journalist on board. The European Union will consider further sanctions against President Alexander Lukashenko’s administration when its leaders meet for dinner in Brussels for the start of a two-day summit. The EU was ...

Bloomberg US Secretary of State Antony Blinken will travel to the Middle East, President Joe Biden said, as the US continues to try to cement a fragile cease-fire that ended renewed conflict in Gaza. Biden announced the trip in a written statement on Monday morning, tasking Blinken with building ties with both Israelis and Palestinians. Blinken will visit Jerusalem, Ramallah, ...

Bloomberg The US imposed “wide-ranging” economic sanctions against Ethiopia to push the African nation led by a Nobel laureate to end violence in Tigray that has killed thousands of people and displaced hundreds of thousands more. Visas to government and military officials from Ethiopia and its neighbour Eritrea, which is also involved in the violence in Tigray, will be restricted, ...