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FT Partners Report (Jan 2020): The Rise of Challenger Banks: Are the Apps Taking Over?

FT Partners | Jan 2020 Executive Summary: The banking sector is experiencing a major shift globally, as Challenger Banks are becoming increasingly formidable competitors to traditional banks and have begun to capture significant market share. Furthermore, the lines between banks and other consumer financial services providers are blurring, with several alternative lenders and robo-advisors beginning

5 years ago

Huawei CFO Meng's lawyer says 'double criminality' at center of U.S. extradition case

A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that "double criminality" was at the center of a trial to decide whether Meng can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.



5 years ago

Brazil's Ambev sets ambitious target to end plastic pollution in packaging

Brazilian beverages company Ambev SA has set an ambitious target of eliminating plastic pollution in its packaging by 2025, in a push that an executive said on Monday has the potential to generate approximately 1 billion reais ($239.09 million) in business.



5 years ago

Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

Tesla Inc on Monday said there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company's electric cars over the alleged defect.



5 years ago

Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source

Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday.



5 years ago

Mexican union suspends strike threat against Home Depot

A top Mexican trade union said on Monday it has suspended its threat to launch a strike at Home Depot stores across Mexico over labor demands, adding it is in talks with the U.S. home improvement chain to improve pay and benefits for workers.



5 years ago

Air Niugini delays delivery of four 737 MAX jets until at least 2024

Papua New Guinea carrier Air Niugini has updated its contract with Boeing Co to delay the delivery of its four 737 MAX jets on order until at least 2024, the airline's chief executive said on Tuesday.



5 years ago

Asia shares hold steady, BOJ and Trump awaited

Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.



5 years ago

How this 29-year-old went from yacht skipper to founder of a $500 million software start-up

German HR start-up Personio just secured a $75 million funding round led by Accel, which values the company at close to $500 million.

5 years ago

Huawei CFO's lawyer attacks U.S. extradition case in Canadian trial

A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that "double criminality" was at the center of a trial to decide whether she can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.



5 years ago

Asia shares lurch lower, flu concerns a possible culprit

Asian shares took a sudden lurch lower on Tuesday as a ripple of risk aversion swept markets, though analysts could find no obvious trigger for the move.



5 years ago

Oil prices ease as supply risk concerns fade

Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade.



5 years ago

Asia shares lurch lower, China flu risks mount

Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets.



5 years ago

Asia shares feel a chill as China virus risks mount

Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.



5 years ago

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.



5 years ago