Category: Business

Germany’s largest lender on Wednesday reported a 47% jump in debt trading, beating all but one of the large investment banks so far and prompting Sewing to lift the outlook. The boost propelled the firm to an unexpected third-quarter profit, even as the corporate bank around which the CEO built his strategy continued to shrink amid negative interest rates and the worsening pandemic. The performance suggests Deutsche Bank, which still has one of the largest fixed-income desks in Europe, was able to claw back some market share in a key…

Italy’s competition authority has opened an antitrust investigation into Google’s display ad business — adding another allegation of abuse of a dominant position to the tech giant’s regulatory woes. In a press release announcing the action the AGCM said it “questions the discriminatory use of the huge amount of data collected through its various applications, preventing rivals from competing effectively as well as adversely affecting consumers”. The probe follows a complaint by local ad lobby group the IAB Italy, per Reuters, which says the investigation must be concluded by November…

Air Canada has reiterated its call for the government of Canada to ease strict four-month-old coronavirus-prompted travel restrictions that have disrupted the country’s aviation industry and continue drag down air transport. The Canadian government must use a “science-based alternative” to the blanket 14-day quarantine requirement imposed on inbound international and some inter-provincial travellers, the Montreal-based carrier says in a letter to the Canadian government on 15 July. The quarantines have been in place since the start of the global health crisis. “The situation is becoming increasingly urgent,” Jim Chung, Air Canada’s chief…