09292016Thu
Last update: Thu, 29 Sep 2016 11am

Business & Finance - Industries & Sectors

Apple teams with Deloitte to push deeper into work SAN FRANCISCO: Apple on Wednesday announced an alliance with professional services group Deloitte to get more businesses using iPhones and iPads as workplace tools.Deloitte is creating an Apple practice with more than 5,000 strategic advisors devoted to helping businesses adopt new work styles using the California technology giant's mobile devices and software, the companies said in a joint release."iPhone and iPad are transforming how people everywhere get work done," said Apple chief executive Tim Cook."Through this partnership, we're able to help even more businesses tap into the incredible capabilities that only the Apple ecosystem can deliver."Apple has long worked to go beyond being hits in people's personal lives to being popular tools on the job.To that end, Apple has formed partnerships with business technology titans such as Cisco, IBM and SAP. Microsoft tailors versions of productivity applications for Apple mobile devices.Apple and Deloitte said they will collaborate on an EnterpriseNext ...


Business & Finance - Banking & Finance

RBNZ says housing market poses financial stability risk, NZD is high WELLINGTON: New Zealand's currency remained high and imbalances in the housing market posed a financial stability risk, the Reserve Bank of New Zealand said on Thursday. "We remain vigilant about financial stability risks arising from imbalances in the housing market," said RBNZ governor Graeme Wheeler in the bank's annual report. The comments came after the central bank kept rates on hold at a record low of 2.0 percent last week, but said that further easing ...

Business & Finance - Industries & Sectors

Daimler says working on new ‘hypercar’, new performance models PARIS: Daimler on Wednesday said it was working on a new "hypercar" and also plans to expand its range of upmarket AMG Mercedes-Benz performance cars by at least 10 models. The hypercar, due to be produced in about 2.5 years' time, will have the powertrain of the current Mercedes-Benz Formula 1 car with a modified gearbox and it will be made from carbon fibre. "In the past Formula one cars and road cars were separate. ...

Business & Finance - Industries & Sectors

VW CEO: Hopeful for deal with US authorities by end of the year PARIS: Volkswagen AG Chief Executive Matthias Mueller said on Wednesday he is hopeful the German automaker can reach agreement by the end of the year with the US government on the size of a fine to settle a criminal investigation of the company's alleged violations of US clean air laws. Mueller, speaking on the sidelines of the Paris auto show, said he also sees "good progress" toward an agreement with US regulators that could allow ...

Business & Finance - Industries & Sectors

Airbus to create two new czars as reorganisation takes shape BARCELONA: Airbus Group Chief Executive Tom Enders is extending a promised overhaul of Europe's largest aerospace group by promoting two top managers to oversee crucial functions like engineering as they usher the company into the age of Big Data.The plan marks a further shake-up at the top after it emerged last week that Enders plans to make Fabrice Bregier his No. 2 by appointing him as group chief operating officer, on top of his role ...

Business & Finance - Industries & Sectors

Apple to make landmark Battersea Power Station its new London home LONDON: Technology giant Apple said on Wednesday it is moving its London headquarters to the landmark Battersea Power Station, a move hailed by the government as a sign that major firms are still investing after the Brexit vote. The power station, built in the 1930s and famous for its imposing quartet of art deco chimneys, stood derelict on the south bank of the River Thames for about three decades until the site was bought in ...

Business & Finance - Managed Funds

France sells 4bn euros of new 30-year inflation-linked bond PARIS: France sold by syndicate on Wednesday 4 billion euros ($4.48 billion) of its new 30-year bond indexed to European inflation, the Agence France Tresor public debt management agency said. AFT said the price was set at 111.628 percent, giving a real yield of -0.262 percent at issuance, compared to -0.426 percent on its existing 25-year inflation-indexed benchmark. Total demand reached 8.4 billion euros, AFT said. Copyright Reuters, 2016