Category: Business

Japan Airlines Co Ltd (JAL) (9201.T) said on Thursday it planned to raise around 300 billion yen ($2.7 billion) of subordinated loans and hybrid financing to help it weather the prolonged impact of the coronavirus pandemic. Details of the funding plan will be announced on Friday, the company said in a statement after news organisations. […]

New York Governor Kathy Hochul on Wednesday signed into law a bill that sets a goal for all new passenger cars and light-duty trucks to be zero-emission models by 2035, joining the state of California in attempting to eliminate gasoline-powered vehicles. The law directs setting regulations requiring higher numbers of zero-emission vehicles with a goal […]

Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990, San Francisco Federal Reserve President Mary Daly said Wednesday, citing data from a paper she and three co-authors will present at The Brookings Institution. Large and persistent gaps in rates of employment, education, and earnings across races “add […]

The U.S. Securities and Exchange Commission has told Coinbase Global Inc (COIN.O) that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digital assets, Coinbase said. The top U.S. markets regulator last week told Coinbase it intends to legally charge […]

Goldman Sachs Group Inc (GS.N) hired a partner from McKinsey & Company to co-lead its operations in the Asia Pacific region outside of Japan, according to a memo sent to staff on Wednesday that was seen by Reuters. Kevin Sneader will join Goldman in Hong Kong in November as a partner and become a member […]

Bill Gates’ Cascade Investment LLC is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal’s stake for $2.21 billion, the hotel operator said on Wednesday. Cascade will acquire half of the billionaire prince’s stake in Four Seasons, raising its ownership to 71.3% and valuing the […]

Microsoft (MSFT.O) warned some of its Azure cloud computing customers that a flaw discovered by security researchers could have allowed hackers access to their data. In a blog post from its security response team, Microsoft said it had fixed the flaw reported by Palo Alto Networks and it had no evidence malicious hackers had abused […]