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Category: Business

Japan Airlines plans to raise $2.7 bln to bolster finances

September 22, 2021September 16, 2021wakesprocom

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. […]

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New York sets 2035 zero-emission passenger car goal

September 21, 2021September 16, 2021wakesprocom

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 […]

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Racial inequities cost U.S. economy trillions, researchers find

September 20, 2021September 16, 2021wakesprocom

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 […]

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U.S. markets regulator takes aim at Coinbase lending product

September 19, 2021September 16, 2021wakesprocom

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 […]

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MOVES Goldman Sachs hires McKinsey partner as co-head of Asia region

September 18, 2021September 16, 2021wakesprocom

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 […]

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Bill Gates’ investment firm to take control of Four Seasons in $2.21 bln deal

September 17, 2021September 16, 2021wakesprocom

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 […]

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Microsoft warns Azure customers of flaw that could have permitted hackers access to data

September 16, 2021September 16, 2021wakesprocom

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 […]

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