Swiss bank Julius Baer slammed for money laundering failures
Swiss bank Julius Baer has been reprimanded by the country’s watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked...
EU privacy body warns of privacy risks in Google, Fitbit deal
Alphabet Inc-owned Google’s $2.1 billion bid for fitness trackers company Fitbit could pose privacy risks, the European Data Protection Board (EDPB) warned on Thursday, adding...
UBS’s tech-savvy new boss Hamers not always loved by the Dutch
Ralph Hamers made his mark as a tech-savvy chief executive who led Dutch bank ING back to profitability after cementing its position as a no-frills...
Shares of HNA affiliates rally after report of China bailout plan
Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus...
Israel’s Wix.com sees 2020 revenue reaching almost $1 billion
Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25%...
Oil near one-month high on supply threats, easing demand woes
Brent oil prices held near one-month highs on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the...
Daimler slims down Mercedes management in efficiency drive
German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz...
BAE Systems CEO optimistic about future Typhoon orders
The chief executive of BAE Systems is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible....
BAE Systems predicts 2020 growth despite Saudi ban
Britain’s BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help...
Dollar tramples yen and everything else in its path
The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven...