Travellers on edge as countries tighten rules due to Omicron fears – travel agents

Some would-be travellers are considering cancelling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an already fragile recovery for the global tourism industry.

Singapore bank DBS suffers two-day tech outage, c.bank mulls supervisory action

Singapore’s central bank said on Wednesday that it will consider taking “supervisory action” on DBS Group Holdings Ltd (DBSM.SI) after the Singapore bank’s online banking services faced disruption for the second consecutive day.

Australia banking watchdog publishes long-awaited capital rules

Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.

Nissan to spend $17.6 bln over 5 years in electrification push

Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.

Japan Oct retail sales boosted by fuel-price spike, broad trend still soft

Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.

Currencies recover from Omicron chaos but analysts warn more volatility ahead

Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain.

It’s raining dividends, hallelujah! Canadian banks set to post strong results

Canada’s top six banks are expected to resume raising dividends and share buybacks after nearly a two-year hiatus and report strong quarterly earnings this week, which could boost the sector’s appeal to yield-hungry investors even as stocks trade close to all-time highs.

EXCLUSIVE Europe’s telcos want U.S. tech giants to help fund network costs

U.S. tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily, chief executives of Deutsche Telekom (DTEGn.DE), Vodafone (VOD.L) and 11 other major European telecoms companies said on Monday.