Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told…
Category: Business
Chip shortage to hit March production at Volvo Cars in China, U.S
Volvo Cars, which is owned by China’s Geely Holding, will temporarily stop or adjust production in China and the United States for parts of March due to a global shortage…
Volkswagen overtakes SAP to become Germany’s most valuable blue-chip
Volkswagen overtook software maker SAP on Wednesday as the most valuable company in Germany’s blue-chip DAX index, as investors warm to the carmaker’s plans to take on Tesla. Volkswagen shares…
Airline consolidation set back five years, IATA chief says
The large-scale government intervention in airlines triggered by the coronavirus crisis will hold back sector consolidation for up to five years, the head of global industry body IATA predicted on…
Uber’s UK driver benefits highlight broader gig-worker challenges
Uber’s proposal to expand benefits to British drivers following a court defeat last month has not put an end to the fight for better gig-worker pay in the UK and…
Germany’s Merck in fresh investment to make bioreactor gear in France
The new site, which will see the creation of 350 jobs, will be Merck’s first such facility in Europe and will likely come on stream at the end of this…
NFTs are hot. So what are they?
Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon…