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Bloomberg Walmart Inc plans to hire 2,000 technology experts this year to support its efforts both in stores and online, boosting the group’s ranks by more than a fourth. The world’s biggest retailer is looking for data scientists, software engineers, designers and others to work in nine offices from Silicon Valley to Bangalore, Walmart Chief Technology Officer Jeremy King said ...

Bloomberg Nissan Motor Co unveiled a new version of the Leaf that narrows the driving-range gap between its best-selling electric car versus Tesla’s Model 3 and Chevrolet Bolt. The Leaf e+ that debuted at CES in Las Vegas boasts a more energy-dense battery that extends range by about 40 percent, to363 kilometres. That compares with the 220- to 310-mile range ...

Bloomberg Federal Reserve Chairman Jerome Powell said the US central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. “We’re in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime we’re waiting and watching,” Powell ...

Bloomberg State Bank of India, the country’s largest lender, has selected underwriters for an institutional share sale that could raise at least 100 billion rupees ($1.4 billion), people with knowledge of the matter said. The government-run lender picked Bank of America Corp, CLSA Ltd and HSBC Holdings Plc to arrange the offering, according to the people, who asked not to ...

Bloomberg The People’s Bank of China (PBOC) is expected to continue to cut the amount of cash that banks must hold as reserves further in 2019 while keeping interbank borrowing costs largely steady even amid tightening US Federal Reserve policy, according to a survey. As part of efforts to shore up the slowing economy, the central bank will cut the ...

Bloomberg Cryptocurrencies dropped as Bitcoin gave up the $4,000 level it’s hovered around since the start of the year. The largest digital currency slumped as much as 6.2 percent in the European morning, erasing an earlier small gain to trade at $3,785.17 at 9:28 am in London. The Bloomberg Galaxy Crypto Index, a gauge of the largest cryptocurrencies, fell 7.7 ...

Bloomberg When prosecutors questioned Poland’s central bank governor last week, he joined a growing list of east European interest-rate setters entangled in criminal probes. From the Black Sea to the Baltics, authorities have charged central bank officials or pulled them into investigations that have rattled markets and roiled political landscapes in a region trying to catch up with the richer ...

Bloomberg A no-deal Brexit risks grounding half of Spain’s domestic passengers and a quarter of the total if British Airways parent IAG SA can’t show that its Iberia and Vueling arms are owned by European Union investors. One of the licensing conditions for operations by EU carriers is that they be controlled by nationals of member states, or the states ...

Bloomberg Air Baltic Corp, the biggest customer for Airbus SE’s A220 jet, plans to use its latest order for the aircraft to establish a new airline elsewhere in Europe and could seek private-equity funding for the project. The Latvian company aims to deploy 30 A220s at the new carrier and replicate the model that brought it success at home, where ...

Bloomberg The airline world has a new No. 2 after United Continental Holdings Inc’s aggressive domestic expansion pushed the carrier ahead of Delta Air Lines Inc in terms of passenger traffic. Early last year, United embarked on an effort to regain market share at its three mid-continent hubs in Chicago, Houston and Denver. Under a three-year push, United is targeting ...