Markets

NY regulator vows to investigate Apple Card for sex bias

NY regulator vows to investigate Apple Card for sex bias The investigation into the algorithm used to set credit limits for the Apple Card followed a series of tweets by entrepreneur David Heinemeier Hansson (known as DHH) about Apple Card. I got 10x the credit limit. New York's Department of Financial Services confirmed that an investigation was being conducted. The Department of Financial Services "will be conducting an investigation to determin... [Full Article...]

Saudi Aramco IPO offering to launch Nov.17

Saudi Aramco IPO offering to launch Nov.17 Japanese companies are unlikely to invest in Saudi Aramco's blockbuster initial public offering (IPO) because it is hard to evaluate the value of the world's biggest oil company, the head of Japan's largest refiner said on Friday. The Russia-China Investment Fund is working to attract Chinese investors for Aramco's planned IPO, the head of Russia's RDIF sovereign wealth fund said on Thursday. [Full Article...]

Royal Mail seeks to block potential Christmas strike

Royal Mail seeks to block potential Christmas strike Shares in Royal Mail, which was privatised four years ago, dipped in early trading on Friday morning, down 1.6% at 8.15am. The dispute is over union claims that the company had failed to honour an agreement reached past year after 10 months of negotiations on pensions, pay, working hours and other issues. [Full Article...]

BYD, Toyota to set up research venture to develop electric vehicles

BYD, Toyota to set up research venture to develop electric vehicles Founded in 1995 as a battery business, BYD (Build Your Dreams) has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large energy storage cells. The C-HR and IZOA will be the first battery-electric vehicles for sale in China under the Toyota brand. "Over the long-run, the collaboration could further enhance its competitiveness ... [Full Article...]

EasyJet, Jet2 buy Thomas Cook airport slots

EasyJet, Jet2 buy Thomas Cook airport slots Thomas Cook's United Kingdom business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its assets. Some 12 summer and eight winter slots at Gatwick and six summer and one winter pairs at Bristol will be transferred to the Luton-based carrier. "Contractual terms have concluded and the slots have been awarde... [Full Article...]

ACCC to appeal TPG 'prepayment' ruling - Telco/ISP

It's to do with its "prepayment" system, which sees customers of TPG's personal mobile, home telephone and internet plans paying a sum of at least $20 to cover the value of "potential usage outside what is included in their plans", part of which is not refunded. [Full Article...]

Disney+ streaming service United Kingdom launch date confirmed

Disney+ streaming service United Kingdom launch date confirmed Disney's tweet indicates that there will be other announcements in the in close proximity to long term, and it remains to be seen when they're going to launch start trailers confirming the comprehensive slate in additional European markets. [Full Article...]

BMW urgently recalls vehicles over airbags

BMW urgently recalls vehicles over airbags For customers whose cars are found to contain affected airbags, BMW Group Australia will offer to arrange a loan or hire vehicle, reimbursement of alternative transport costs or even negotiate a buyback of their auto. "The ACCC and the Department of Infrastructure, Transport, Cities and Regional Development are working with police and other authorities to understand the facts regarding two recent ... [Full Article...]


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