Bloomberg Apple Inc. has hired Timothy D. Twerdahl, the former head of Amazon.com Inc.’s Fire TV unit, as a vice president in charge of Apple TV product marketing and shifted the executive who previously held the job to a spot negotiating media content deals. The moves suggest a renewed focus on the Apple TV and on providing more content ...
Read More »UK profits squeezed as pound’s drop ramps up company costs
Bloomberg UK companies are facing tighter margins as the pound’s slide starts to fuel cost increases, according to the British Chambers of Commerce. Sterling’s drop since Britain voted to leave the European Union is having a negative impact on the domestic sales margins of nearly half of businesses surveyed, while the effect on exports is mixed, the BCC said. ...
Read More »British firms lack digital defenses at board-level
Bloomberg Only 5 percent of large UK companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious risks, a report showed. In the event of a cyber attack, more than half of companies in the FTSE 100 stock index cited contingency, crisis ...
Read More »Britain’s labour gaps set to worsen as Brexit reduces migration
Bloomberg Problems facing the British labor market including skills shortages and an aging population are likely to be exacerbated by Brexit, according to Mercer. Those gaps will no longer be filled by foreign workers, which are set to decrease in number as the UK negotiates a new relationship with the European Union, the consulting firm said in a report. ...
Read More »Hermes posts €1.6bn revenue in Q4
Bloomberg Hermes International SCA added to evidence of a luxury rebound as shoppers in Asia buy more silk scarves and Birkin handbags while tourists who were deterred by terrorism return to its stores in Europe. Revenue climbed 7.6 percent to 1.5 billion euros ($1.6 billion) in the fourth quarter, the Paris-based company on said Wednesday, meeting analyst expectations. Growth ...
Read More »Etihad CEO defends strategy as airline grows wide-body fleet
Bloomberg Etihad Airways PJSC group chief James Hogan, who is standing down as the Gulf carrier grapples with losses at European partners, detailed growth plans for 2017 while defending his strategy as one that’s attracting passengers and is here to stay. Etihad will add 12 wide-body aircraft, including two A380 superjumbos, swelling capacity in what will be “another challenging ...
Read More »Qatar Airways CEO expects Trump’s travel ban to be relaxed
SYDNEY / Reuters Qatar Airways Chief Executive Akbar Al Baker on Tuesday said he expected US President Donald Trump would eventually relax a travel ban targeting seven predominantly Muslim countries, New Zealand media reported. The travel ban, Trump’s most controversial act since taking office last month, was halted temporarily on Friday following a ruling by a US judge, but ...
Read More »Detsky Mir aims to prove toys R Russia with $355mn IPO
Bloomberg Anna Krutevich looks over the displays of diapers, Hot Wheels and baby food at Detsky Mir, a children’s emporium in Moscow’s Aviapark shopping mall, then pulls juice and milk from a shelf. Though the past two years have been tough as Russia has slogged through a recession, the jewelry marketing manager still spends 15 percent of her salary ...
Read More »RBI signals end to easing cycle, changes policy stance
Bloomberg India’s central bank unexpectedly left borrowing costs unchanged for a second straight meeting and signaled that its interest-rate easing cycle is coming to an end. The benchmark repurchase rate was left at a six-year low of 6.25 percent, the Reserve Bank of India said in a statement in Mumbai on Wednesday. The move was predicted by just five ...
Read More »PBOC to call bitcoin exchanges for talks
Bloomberg China’s central bank is holding a closed-door meeting with several domestic bitcoin exchanges, people familiar with the matter said, heightening concerns that regulators will tighten their oversight of trading in digital currencies. Officials from the People’s Bank of China are meeting with representatives from a number of the nation’s trading venues, the people said, asking not to be ...
Read More »