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Brazil's Caixa picks Morgan Stanley as co-advisor on insurance deals: source

Brazilian state lender Caixa Economica Federal has picked investment bank Morgan Stanley as co-advisor to help it find insurance partners, a source with knowledge of the matter said.

Source: Reuters: Business News | 26 May 2019 | 12:41 am(NZT)

Nike to waive performance targets for pregnant athletes: report

Sportswear giant Nike will waive performance-based targets for 12 months for any of their pregnant athletes after several runners revealed they had their payments frozen, according to a New York Times report on Friday.

Source: Reuters: Business News | 25 May 2019 | 10:43 pm(NZT)

VW to intensify talks with Northvolt on battery project: Boersen-Zeitung

Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.

Source: Reuters: Business News | 25 May 2019 | 9:37 pm(NZT)

Sir Philip Green to close 25 more Evans and Miss Selfridge stores

The latest closures by his struggling Arcadia empire will include mostly Evans and Miss Selfridge shops.

Source: BBC News - Business | 25 May 2019 | 8:43 pm(NZT)

Huawei shipments could fall by up to a quarter this year: analysts

China's Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.

Source: Reuters: Business News | 25 May 2019 | 3:40 pm(NZT)



Wall Street Weekahead: Trade protection doesn't have to exclude growth stocks

The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.

Source: Reuters: Business News | 25 May 2019 | 1:35 pm(NZT)

Harvey Weinstein 'to settle with accusers for $44m'

The film producer reached a deal with women who say he sexually abused them, his lawyers tell media.

Source: BBC News - Business | 25 May 2019 | 12:55 pm(NZT)

Amazon facial recognition ban won just 2% of shareholder vote

Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.

Source: Reuters: Business News | 25 May 2019 | 12:41 pm(NZT)

Boeing at two-week high as approval for 737 MAX to fly seen by late June

Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.

Source: Reuters: Business News | 25 May 2019 | 10:22 am(NZT)

Musk's SpaceX raised over $1 billion in six months: filings

Billionaire entrepreneur Elon Musk's SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.

Source: Reuters: Business News | 25 May 2019 | 10:20 am(NZT)



Wall St. edges higher after Trump sparks U.S.-China trade hopes

Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.

Source: Reuters: Business News | 25 May 2019 | 9:16 am(NZT)

I entrusted my pension to German builders

A property group that borrowed millions has not paid some people back, a BBC investigation finds.

Source: BBC News - Business | 25 May 2019 | 9:05 am(NZT)

What the Jamie's Italian collapse can teach rival chains

About 15 restaurants are closing each week across the UK.

Source: BBC News - Business | 25 May 2019 | 9:01 am(NZT)

'I drive in the bus lane'

How Norway is persuading motorists to switch to electric cars.

Source: BBC News - Business | 25 May 2019 | 9:00 am(NZT)

Thames Water boss Steve Robertson steps down

The UK's largest water and waste water firm has struggled with leaks and falling profits.

Source: BBC News - Business | 25 May 2019 | 8:37 am(NZT)

Global stocks climb on muted trade hopes, dollar slips

World equity markets rebounded on Friday from the previous day's sharp fall, after U.S. President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal.

Source: Reuters: Business News | 25 May 2019 | 8:30 am(NZT)

United Airlines shakes up Avianca leadership after shareholder default

United Airlines launched a management overhaul at Colombia's Avianca Holdings on Friday, removing top shareholder German Efromovich from controlling the cash-strapped airline, according to regulatory filings.

Source: Reuters: Business News | 25 May 2019 | 8:17 am(NZT)

Oil rises more than 1% but sets biggest weekly loss of 2019

Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.

Source: Reuters: Business News | 25 May 2019 | 7:53 am(NZT)



Felixstowe port death: Essex firm fined after worker killed

A 58-year-old man was killed when a hose violently whipped round and struck him.

Source: BBC News - Business | 25 May 2019 | 5:18 am(NZT)

Sir Philip Green told to fund Arcadia's pension deficit

The Topshop tycoon has been asked to put his own money into the firm's pension pot.

Source: BBC News - Business | 25 May 2019 | 1:15 am(NZT)

UK retail sales stall in April

The ONS said sales were flat in April, as clothing sales offset declines in other sectors.

Source: BBC News - Business | 24 May 2019 | 10:00 pm(NZT)

Stagecoach takes legal action over West Coast franchise

Stagecoach and its partners were disqualified from running three rail franchises last month.

Source: BBC News - Business | 24 May 2019 | 9:40 pm(NZT)

Mothercare sales plunge as losses widen

The baby goods retailer says it is on a "sounder footing", even though UK sales fell nearly 9%.

Source: BBC News - Business | 24 May 2019 | 8:14 pm(NZT)

Trump says Huawei could be part of trade deal

Huawei could feature in a US-China trade pact despite being "very dangerous", says the US president.

Source: BBC News - Business | 24 May 2019 | 1:51 pm(NZT)

F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger

Ajit Pai said the companies had won his support by making what he called “significant commitments” to expand rural broadband service, build a robust 5G network and sell off Boost Mobile.

Source: NYT > Business | 21 May 2019 | 2:19 am(NZT)

Google Restricts Huawei’s Access to Android After Trump Order

The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Source: NYT > Business | 21 May 2019 | 1:50 am(NZT)

‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money

The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

Mediator: Kissing Babies, Loving Scrapple, Fighting Viral Hoaxes: ’20 Race’s New Routine

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

Source: NYT > Business | 21 May 2019 | 12:37 am(NZT)

DealBook Briefing: Tech’s Cold War Just Started

Google, Qualcomm and Broadcom are among the companies that have reportedly frozen their supply of components and software to Huawei.

Source: NYT > Business | 20 May 2019 | 11:05 pm(NZT)

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no.

Source: NYT > Business | 20 May 2019 | 9:56 pm(NZT)

Whitney Houston’s Estate Plans a Hologram Tour and a New Album

The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

Amazon Faces Investor Pressure Over Facial Recognition

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)

Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds

Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.

Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)

TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?

A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.

Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)

















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