Barclays scraps EU bonus cap for senior bankers
Barclays has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo seen by Reuters showed on Thursday.
‘Diversification is your free lunch’ as market dynamics shift, CEO of world’s largest index provider says
“If you’re a longer term investor, the diversification is your free lunch, and that ability to get more defensive, or maybe interest rate-sensitive.”
Catalan separatist Carles Puigdemont returns to Spain after seven years, risking arrest
Former Catalan separatist leader Carles Puigdemont returned to Spain after seven years of self-imposed exile, defying a pending arrest warrant.
Dolce & Gabbana launches $100 perfume for dogs inspired by owner’s poodle
Dolce and Gabbana’s luxury perfume for dogs — costing over $100 — has sparked concerns from some animal welfare organizations.
Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor
Robert “Kelly” Ortberg, an aerospace veteran who previously headed major supplier Rockwell Collins, takes over from Dave Calhoun on Thursday.
Amazon’s $4 billion investment in AI firm Anthropic faces UK merger investigation
Amazon’s multibillion-dollar investment into U.S. artificial intelligence frim Anthropic is formally being investigated by U.K. competition regulators.
Deliveroo shares jump 10% after posting first-ever profit on ‘inflection’ in consumer demand
Deliveroo made a net profit of £1.3 million ($1.7 million) in the six months through June, bouncing from a loss last year.
As disinformation spreads during UK riots, regulators are currently powerless to take action
Online disinformation has led to real-world violence in the U.K., but a key regulator finds itself unable to take effective enforcement actions.
A powerful earthquake hits off southern Japan; a tsunami advisory issued
A powerful earthquake struck off Japan’s southern coast on Thursday, triggering a tsunami advisory.
Siemens earnings beat estimates on strong demand for electrification, software
German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and confirmed its full-year outlook.
