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Companies

HSBC plans to move out of UK amid clampdown
HSBC, founded in Hong Kong and Shanghai in 1865, employs 48,000 across Britain with many of those based at its London headquarters.
Now 800 million strong, WhatsApp rolls out voice calling for iOS
As it did with Android devices, WhatsApp, which was acquired by Facebook last year for $19 billion, will be slowly rolling out the feature for iOS users.
Trucks and SUVs push GM’s profit 8 times above year ago
The increased profit on trucks is “clearly a favourable tailwind,” chief financial officer Chuck Stevens said.
PepsiCo profit beats estimates as Frito-Lay sells more
Demand was weak in Europe, where the company raised prices as a result of currency impacts.
Chinese smartwatch makers say clock ticking for Apple
The Chinese wrist-bound offerings differ from Apple’s — most use SIM cards and essentially function like phones.
Boeing profit up 38% on higher deliveries
Boeing’s profit rose 19 per cent per share after adjusting for a charge of 29 cents a share a year ago related to changes in the company’s retirement plan.
Credit Suisse capital buffers take a blow
Tough new rules on risk and a surging Swiss franc weakened Credit Suisse’s cushion against future losses in the first quarter.
Global, Chinese automakers debut new models
Competition in China is intensifying as economic growth slows and more manufacturers pile into the world’s biggest auto market by number of vehicles sold.
Etisalat subscribers grow 4% to reach 11.4m in UAE
West African unit Maroc Telecom’s customers increase 32%.
Sustainability programme from DP World
The programme is an initiative of the Dubai Carbon Centre of Excellence in collaboration with the Dubai Electricity and Water Authority.
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