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Why luxury carmakers are now building glitzy skyscrapers
Posted onSameer HashmiBusiness reporter, Dubai Binghatti Properties The Bugatti Residences building in Dubai is currently under construction Bugatti is synonymous with high-performance, ultra-expensive supercars. But now the luxury French brand is entering a very different kind of race – not on the track, but in the skyline. In the heart of Dubai, in the United Arab…
Supreme Court sceptical of Trump firing of Lisa Cook
Posted onNatalie ShermanBusiness reporter Getty Images US President Donald Trump appeared on course for a setback at America’s top court on Wednesday over his unprecedented move to fire a central bank governor. Supreme Court justices from the left and right asked why they should speed through such an impactful decision, citing concerns about process and implications…
Nationwide fined £44m for inadequate crime controls
Posted onNationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…
Japanese brewing giant Asahi hit by cyber-attack
Posted onJapanese brewing giant Asahi has been hit by a cyber-attack that has caused a “systems failure” affecting the company’s shipping and customer service operations. Asahi said there had been no “confirmed leakage of personal information of customer data” and its European operations, including the UK, were not affected. But the company said that its order…
