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It’s the very definition of a first-world problem, but Norway’s $1 trillion sovereign wealth fund (SWF) is wrestling with whether to make its investment portfolio less diverse. It’s a subject that cuts to the heart of the “active manager versus passive index” debate. As part of a long-running review, which will lift the fund’s equity allocation to 70 percent, the ...

Wouldn’t it be wonderful, with the wealth of information available on the internet today, to go back to the nice village feel of the web’s earliest days, when it was free to almost everyone who had access to it, personal data weren’t bought and sold, important decisions weren’t made by algorithms and online bullying, harassment and disinformation were non-issues outside ...

Bloomberg Volkswagen AG plans to add a subcompact crossover costing about 18,000 euros ($21,000) to its all-electric I.D. range, expanding its lineup of zero-emissions vehicles that are more affordable than those of Tesla Inc., according to people familiar with the matter. The entry level vehicle may be built at VW’s factory in Emden, Germany, said the people, who asked not ...

Bloomberg Apple Inc. disclosed a pair of issues affecting two of its more popular products: the iPhone X and the 13-inch MacBook Pro. The Cupertino, California-based technology giant said the screen on some iPhone X units doesn’t respond or responds intermittently when touched. The company also said some units could have displays that react even when they aren’t touched. The ...

Bloomberg Dyson is considering developing a wearable air purifier that could double as a pair of headphones, hoping to tap demand from pollution-choked cities in Asia, people with knowledge of the project said. The UK company submitted patents for a “wearable air purifier” this year, according to filings to the UK Intellectual Property Office. The gadget is primarily an air ...

Bloomberg Apple and Amazon.com, two of the world’s most valuable technology companies, struck a deal to get the newest iPhones into the hands of Amazon customers. Amazon said it would begin selling the most-recent iPhone, iPad, Mac computer, Apple Watch and Apple TV models on its website, along with branded accessories and headphones from Apple’s Beats subsidiary. Apple introduced the ...

Bloomberg A little-known company on Canada’s west coast will become king of the turboprops and owner of some of the most storied brands in the country’s aviation history after striking a deal with Bombardier Inc. Closely held Longview Aviation Capital Corp. is poised to become North America’s largest maker of turboprop aircraft with its $300 million purchase of Bombardier’s Dash ...

Bloomberg Days after Lion Air lost a plane in Indonesia’s worst air disaster in two decades, the carrier has found itself in the midst of another incident. A Boeing 737-900ER operated by PT Lion Mentari Airlines clipped a pole while taxiing at Bengkulu airport in southern Sumatra, shearing the tip of its left wing, the carrier said in a statement. ...

Bloomberg Marks & Spencer Group Plc said it may step up store closings as the troubled UK retailer reported another decline in sales. After announcing plans in May to shut about 100 of its large stores selling food and clothing, Chief Executive Officer Steve Rowe said that the number is only a “first stage” in the company’s turnaround plan. “It’s ...

Bloomberg Kenya Airways Plc. has ceased issuing tickets for flights to Burundi after the state demanded the airline’s wholly owned budget carrier fly bigger jets. While Jambojet Ltd. received authorisation to operate between the Kenyan capital, Nairobi, and Bujumbura, Burundi’s main city, the Ministry of Transport, Public Works, Equipment and Land Use Planning failed to give requisite approvals because of ...