Banking group Nordea snubs Sweden with HQ move to Finland

Nordea said the move to Finland, where it would be supervised by the European Central Bank, would save about 1 billion euros in the longer term despite extra short-term costs. It said the bank wanted a level playing field with rivals supervised by the ECB, which has...

Catalonia officially sets independence vote for October 1

Voters in Spain’s prosperous Catalonia region will be asked to choose in less than a month if they want to secede from Spain, the region’s pro-independence ruling government announced Wednesday in a move that puts it in open defiance of central authorities...

Gap’s Athleta growth bet begins by wooing girls and their moms

So the saying goes, “When one door closes, another door opens.” Gap is hoping that’s the case as it looks to build the Athleta brand, with a little help from its growing Athleta Girl line. Lululemon earlier this year announced it would be pulling the...

The Gulf’s fast-growing airlines are facing a dramatic downturn

They have been the great aviation disrupters of the 21st century. Over the past decade, Dubai’s Emirates, Etihad Airways of Abu Dhabi and Qatar Airways have quadrupled the number of passengers they fly each year. They have tempted travellers with competitive...

Gap shifts focus to Old Navy, Athleta brands as part of updated growth strategy

Gap on Wednesday announced plans to achieve what it calls “long-term, balanced growth,” as the apparel retailer has been struggling to grow in an erratic sales environment. By focusing on its two “growth brands,” Gap expects net sales at Old...

Bitcoin price on the rise again after falling $1,000 in three days

Two of the largest cryptocurrencies were seen to make a recovery after dropping significantly over the past few days. Both bitcoin and ethereum showed bearish signals following a decision by Chinese authorities to ban initial coin offerings (ICOs), which allow firms...