Month: July 2025

UBS posts better-than-expected quarterly profit
Finance

UBS posts better-than-expected quarterly profit

A logo of Swiss banking giant UBS in Zurich, on March 23, 2023. Fabrice Coffrini | Afp | Getty Images Swiss banking titan UBS on Wednesday beat expectations on the bottom line, as group invested assets soared on the back of increases in the lender’s global wealth management and corporate units. Net profitable attributable to […]

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HSBC announces  billion share buyback after second-quarter profit plunges 29%, missing expectations
World

HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. The bank also announced a share buyback of $3 […]

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Abu Dhabi aviation and hospitality space sees robust growth, sector still ‘long way short’ of Dubai
Travel

Abu Dhabi aviation and hospitality space sees robust growth, sector still ‘long way short’ of Dubai

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Daniel Richards, senior economist at Emirates NBD, breaks down the latest happenings in the UAE’s travel and tourism space. He discusses the announcement of Disneyland Abu Dhabi and the exit of Hungarian low-cost carrier Wizz Air from Abu Dhabi’s Zayed International Airport. […]

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South Korea’s LG Energy Solution signs .3 billion battery supply deal with undisclosed party
Technology

South Korea’s LG Energy Solution signs $4.3 billion battery supply deal with undisclosed party

The logo of LG Electronics is seen on the opening day of the Integrated Systems Europe exhibition in Barcelona on January 31, 2023. Pau Barrena | Afp | Getty Images South Korea-based LG Energy Solution announced Wednesday that it had signed a $4.3 billion contract for supplying batteries to a major corporation, without naming the […]

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CNBC Daily Open: Boomerang tariffs ahead?
World

CNBC Daily Open: Boomerang tariffs ahead?

US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer address a press conference in Rosenbad after the trade talks between the US and China concluded, in Stockholm, Sweden on July 29, 2025. Magnus Lejhall | Afp | Getty Images The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown […]

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Australia’s second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
World

Australia’s second-quarter inflation drops to lowest since March 2021, supporting case for rate cut

Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in […]

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Powerful quake in Russia’s Far East causes tsunami, Japan and Hawaii order evacuations
World

Powerful quake in Russia’s Far East causes tsunami, Japan and Hawaii order evacuations

A file photo showing an aerial view of South Kuril Islands and coastline in Kamchatka region, Russia. Anadolu | Anadolu | Getty Images A magnitude 8.7 earthquake struck off Russia’s Far Eastern Kamchatka Peninsula on Wednesday, generating a tsunami of up to 4 meters (13 feet), prompting evacuations and damaging buildings, officials said. “Today’s earthquake was serious and the […]

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Singapore warns of slowdown in second half of the year as it keeps monetary policy steady
World

Singapore warns of slowdown in second half of the year as it keeps monetary policy steady

Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty Images Singapore’s central bank warned that the city-state’s economy is “projected to moderate in the second half of 2025 from its strong pace in [the first half],” as it […]

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Asia markets set to fall as U.S. trade talks with China hang in the balance
World

Asia markets set to fall as U.S. trade talks with China hang in the balance

Opening calls Happy mid-week from Singapore. Asia markets are poised for a lower open. Futures for Hong Kong’s Hang Seng Index stood at 25,344, pointing to a weaker open compared with the HSI’s last close of 25,524.45 Similarly, Australia’s S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,662, compared with its […]

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Google execs say employees have to ‘be more AI-savvy’ as competition ramps up
World

Google execs say employees have to ‘be more AI-savvy’ as competition ramps up

Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Google executives are pushing employees to act with more urgency in their use of artificial intelligence as the company looks for ways to cut costs. That was the message […]

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