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Read moreLIKE any mechanic with a misfiring car, Ford’s new boss has had his head under the bonnet working out what needs attention. Jim Hackett emerged on October 3rd with a checklist of repairs to present to investors, who have been awaiting his diagnosis since he took over in May. The list is short but the […]
Read moreA COMPANY that moves up the value chain from refrigerator parts to cars is impressive but not that surprising. A car company that buys an investment bank is audacious. But Zhejiang Geely Holding Group, a conglomerate based in Hangzhou, China, did not become big by paring its ambitions. Having successfully made the fridge-parts-to-cars transition at […]
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Spain's constitutional court suspends Catalan parliament session set for Monday
Spain’s Constitutional Court has suspended a session of the Catalan parliament scheduled for Monday in which local leaders were expected to declare Catalonia’s unilateral independence from Spain. The ruling followed a legal challenge by the Catalan Socialist Party, which opposes secession, according to El Pais newspaper. Source: cnbc Spain's constitutional court suspends Catalan parliament session […]
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Aviva buys majority stake in ‘straightforward’ robo investment start-up aimed at millennials
Insurance giant Aviva has bought a majority stake in a British start-up that manages diversified investment plans. The insurer said Thursday it would allow customers to access “robo” investment firm Wealthify’s services via its app MyAviva. Based in Cardiff, Wales, Wealthify is targeted at millennials and offers five different investment plans via tax-free Individual Savings […]
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Kazuo Ishiguro, author of 'The Remains of the Day,' wins the 2017 Nobel Prize for Literature
Japanese-born Kazuo Ishiguro, author of “The Remains of the Day,” has won the Nobel Prize for Literature for uncovering “the abyss beneath our illusory sense of connection with the world,” the Swedish Academy said on Thursday on awarding the 9 million crown ($1.1 million) prize. The award marks a return to a more mainstream interpretation […]
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Drivers warned that complex technology in cars is putting their lives at risk
The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The study released Thursday is the latest by University of Utah professor David Strayer, who has been examining […]
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European markets set for a mixed open but Spanish stocks expected to rebound
European stocks are set for a mixed open on Thursday morning as investors monitor political events and take a cautious approach ahead of key data releases. The FTSE 100 is seen flat at 7,466; the CAC 40 is expected to open lower by 3 points at 5,358 and the DAX in Germany is seen lower […]
Read moreMARGRETHE VESTAGER’S assault on technology firms she deems to have improperly massaged down their tax bills continued this week with a tilt at Amazon. The internet retailer faces a bill of €250m ($293m) for back taxes over what the European Union’s competition commissioner considers to have been an illegal sweetheart deal with Luxembourg. The order […]
Read moreRussian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018, a longer time frame than others have suggested till now in the bid to curb a supply glut. The pact between the Organization of the Petroleum Exporting Countries, Russia […]
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