Pain before gain for Indian banks after Modi’s cash gamble
MUMBAI/NEW DELHI (Reuters) – India’s shock move to abolish high-value banknotes was expected to deliver a windfall to lenders, and banks have indeed seen coffers swell after people deposited 12.4 trillion rupees($183 billion) in cash into the system.
Yahoo security problems a story of too little, too late
SAN FRANCISCO/BOSTON/WASHINGTON (Reuters) – In the summer of 2013, Yahoo Inc launched a project to better secure the passwords of its customers, abandoning the use of a discredited technology for encrypting data known as MD5.
Etihad Airways says to trim its workforce to reduce costs
(Reuters) – Etihad Airways said on Sunday it is cutting jobs in some parts of its business as a part of its restructuring.
British Air, union to hold talks over planned cabin crew strike
LONDON (Reuters) – Talks aimed at averting a planned Christmas strike by British Airways cabin crews will be held on Monday, conciliation service Acas said.
IranAir confirms cutting Airbus order, dropping A380s
DUBAI (Reuters) – IranAir has trimmed its planned order from Europe’s Airbus to 100 planes, partly by dropping superjumbo A380s, the flag carrier’s head said on Sunday, confirming an adjustment first reported by Reuters.
Hurdles emerge for stocks after rally
NEW YORK (Reuters) – Benchmark U.S. stock index rallies, in anticipation of fiscal stimulus measures by the incoming administration of President-elect Donald Trump, could also be laying the seeds for equity market troubles from a stronger dollar and ri…
Virtual assistants expected to top virtual reality in holiday sales
(Reuters) – Virtual assistants are set to pummel virtual reality headsets in the fight for consumer dollars this holiday season, while smartwatches drive wearable sales. Drones may fly under the radar, though.
Saudi Aramco, GE to launch Saudi Arabia’s first wind turbine next month
KHOBAR, Saudi Arabia (Reuters) – Saudi Aramco plans to commission its wind turbine pilot project, the first in the kingdom, next month, the state oil company said on Sunday, part of nationwide plans to diversify energy supplies and to meet an increase …
Air Berlin appoints new CEO following restructuring
BERLIN (Reuters) – German airline Air Berlin’s chief executive is to step down in the new year, to be replaced by a senior manager at Lufthansa following a wide-ranging shake-up of the loss-making carrier.
Daimler CEO doesn’t expect Trump to disadvantage European carmakers
BERLIN (Reuters) – Daimler does not expect Donald Trump to favor U.S. carmakers over their European counterparts, the carmaker’s chief executive told a German paper, shrugging off concerns over the president-elect’s protectionist rhetoric during his …
