Reuters Before the Bell: British Airways faces record $230 million fine over data theft

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Monday, July 8, 2019

British Airways faces record $230 million fine over data theft

British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO).

Deutsche Bank begins 18,000 job cull in $8.3 billion reinvention

Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) "reinvention" set to tip Germany's largest lender into yet another annual loss.

Deutsche Bank capital-boosting debt dips on restructuring fears

Deutsche Bank's capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany's biggest lender may face in a planned overhaul.

Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals

Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry.

Huawei outlines investment plans in Poland depending on 5G role

Huawei aims to spend 3 billion zlotys ($793 million) in Poland in the next five years, although whether the Chinese firm has a role in the 5G rollout may affect the scale of investment, an official at the group's Polish unit said.

Factbox: What Deutsche bankers are saying about the 18,000 global job cuts

Whole teams within Deutsche Bank AG have been told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.

Deutsche Bank's aim to make profit in 2020 is uncertain: CFO

Deutsche Bank aims to break even or turn a profit in 2020 but there is "significant uncertainty in that forecast", the bank's finance chief said on Monday.

U.S. financier Epstein expected to be charged in sex trafficking case -source

Federal prosecutors in New York on Monday are expected to announce charges against financier Jeffrey Epstein related to sex trafficking of underage girls, a source familiar with the matter said, more than a decade after he avoided similar charges in Florida in a plea deal.

Hedge funds chart course through 'IMO 2020' storm

Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from ocean-going vessels.

Take Five: World markets themes - Losing interest

How low can you go? The coming week may tell whether the incessant plunge in global bond yields shows any signs of relenting.

Reuters Before the Bell: British Airways faces record $230 million fine over data theft

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