Catriona Larritt, Qantas’ chief customer and digital officer, will leave her position by the end of December, following a significant cyber breach earlier this year which compromised the personal data of over a million customers. In an internal memo, CEO Vanessa Hudson noted that Larritt is departing to “pursue external opportunities,” and added that her…

Ford is set to invest $370m in India to manufacture new engines for export, retooling its Chennai facility to produce over 235,000 units annually with advanced technology. Production is expected to commence in 2029, creating approximately 600 jobs at the site, which currently employs around 12,000. The move comes after Ford’s exit from the Indian…

A lawsuit against the Consumer Financial Protection Bureau (CFPB) that had sought to strike down Biden-era “open banking” rules has been paused by a federal judge, allowing the agency more time to replace the contested regulations with a new version. “In light of recent events in the marketplace, the bureau has now decided to initiate…

With bean prices increasing and tax deductions for office snacks set to vanish in 2026, finance teams must monitor rising coffee costs. The One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4th, eliminates the 50% tax deduction for in-office meals and snacks starting January 1st 2026. As a result,…

Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, Reuters reports. The move follows Chenyue Mao, a Shanghai-born and Atlanta-based managing director at the banking giant, being subjected to an exit ban after she recently entered China. “We are closely tracking this situation and working through the…

The European Securities and Markets Authority (ESMA) has cautioned crypto companies against misleading customers regarding the regulatory status of their products. In a statement, ESMA highlighted that the practice of offering both regulated and unregulated products on the same platform poses significant investor protection risks. Under the EU’s new crypto rules, companies must obtain a…