Tech Mahindra signs contract with Airbus

Credit Suisse exec heads to Deutsche Bank

Deutsche Bank has named Steven Feinberg to manage its US investment-grade debt trading, Bloomberg reported.

Feinberg had previously worked at Credit Suisse Group for almost two decades.

Feinberg will be a managing director at the Frankfurt, Germany-based Deutsche Bank, reporting to Paul Huchro.

Hope Hicks Said Trump Open to Foreign Election Help, Nadler Says

Former White House Communications Director Hope Hicks said she believed President Donald Trump was “serious” when he said he would accept information about a political rival from a foreign source, the chairman of the House Judiciary Committee said.

“His invitation to foreign actors is so alarming that even one of his most loyal former aides, Hope Hicks, knew that the president’s statement was alarming,” New York Representative Jerrold Nadler said Thursday, referring to Hicks’s closed-door testimony before the panel a day earlier.

Nadler made the remarks at the start of his panel’s second hearing on the report from Special Counsel Robert Mueller on Russia’s interference in the 2016 election. The comments referred to an ABC News interview with Trump last week. The president said “I’d take it,” when asked how he’d respond if a foreign individual or entity offered him damaging intelligence on a political opponent.

“Yesterday, during her transcribed interview, Hicks made clear that she understood the president to be serious when he said that he would accept foreign interference in our elections,” Nadler said. “She also made clear that even she knew that such foreign assistance should be rejected and reported to the FBI.”

In the ABC News interview, when Trump was asked whether he’d accept information from foreigners or hand it over to the FBI, he said: “maybe you do both.”

Cher’s old NYC penthouse listed for $7.55M

You can’t turn back time, but you can tour Cher’s former penthouse.

Believe it: the iconic pop singer once lived in this spread at Noho’s Silk Building, which is about to hit the market for $7.55 million.

The seller is socialite Byrna Butler, whose 2018 Palm Beach fairytale wedding to financier Marc Noyer-Maingard was chronicled in Quest magazine.

The building, at 14 E. Fourth St., was the home of the original Tower Records store on the ground floor.

Cher was the unit’s first owner.

She bought it in the 1980s for an unknown price, and the now-late Robin Leach featured it on an episode of “Lifestyles of the Rich and Famous.”

Cher turned an old greenhouse space into a gym with an outdoor shower.

In 1990, she sold it to Russell Simmons for $1.6 million; according to a Guardian profile at the time, he didn’t change a thing — including fake leopard-skin upholstery.

Simmons, in turn, sold it for $1.52 million in 1996.

Butler bought the apartment for $4.69 million in 2010 and gut renovated it. It now features wide-plank white-oak floors, custom lacquer kitchen cabinets and new cement tiles for the 900-square-foot terrace.

Oh, and Butler did manage to turn back time, sort of. She resurrected the greenhouse.

The listing broker is Corcoran’s Eva Marie Bozsik.

Oil prices surge after Iran allegedly shoots down US drone

Oil prices rose Thursday by more than 3 percent to above $63 a barrel after Iran said it destroyed a US drone near the Strait of Hormuz.

Expectations that the US Federal Reserve could soon cut interest rates, stimulating growth in the world’s largest oil-consuming country, and a drop in US crude inventories also provided support to prices.

Brent crude was up $1.40 at $63.22 a barrel, while US West Texas Intermediate crude rose $1.54 to $55.30.

Worries about slowing economic growth and a trade dispute between the US and China have pulled oil lower in recent weeks. In April, Brent reached a 2019 high of $75.

The possibility of additional rate cuts could prove the more significant factor for oil should the Iran-US tension not escalate, Petromatrix analyst Olivier Jakob told Reuters.

“The Fed and the cutting of rates is something that will provide more substantial support,” he said.

Also pushing oil higher Thursday was a decline in American crude inventories and the prospect of an extended supply restraint by producer group OPEC and its allies.

Last week, US crude stocks fell by 3.1 million barrels, more than analysts expected, according to the Energy Information Administration.

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Saudi Arabia ‘wants to avoid war with Iran at all costs’

Saudi Arabia’s foreign minister has told Sky News his country wants to avoid war with Iran at all costs.

Tech Mahindra signs contract with Airbus

Pact covers cabin engineering

IT firm Tech Mahindra has signed a multi-year contract with Airbus for cabin and cargo design engineering with an aim to capitalise on the specialised skills and competencies in the growing cabin engineering business over the next few years.

Commenting on the deal, Karthikeyan Natarajan, global head of engineering and IoT, Tech Mahindra, said: “Airbus is a strategic customer and partner of Tech Mahindra, and it has been our constant endeavour to develop innovative engineering and digital solutions for our customers. This is a step towards further nurturing this key relationship and supporting Airbus in consolidating their global supplier base while driving business efficiencies and competencies in this process.”

As air travel continues to surge worldwide, airlines are looking to deliver integrated comfortable and memorable, digital travel experiences through path breaking ‘cabin innovations.’ This deal is a testimony of Tech Mahindra’s strong innovative engineering and digital solution portfolio that can drive digital transformation for customers globally in this space, said the company in a statement.

“This will strengthen our aerospace engineering portfolio, especially in areas like cabin engineering and customer services,” Mr. Natarajan added.