Economy
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UAE’s top banks beat estimates as economy boosts earnings
Two of the United Arab Emirates’ biggest banks posted a first-quarter profit that beat estimates as rising interest rates and…
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China’s industrial profits keep plunging as prices decline further in first quarter
Profits at industrial firms in China continued to plunge in the first three months of the year, as a pickup…
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Adani Group looks to raise about $800 mln for financing green energy projects
Adani Group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said,…
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Amazon cloud and ads units offset flat e-commerce
Amazon’s core e-commerce business may be struggling – but the profit-making parts of its business are delivering. Online sales were…
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Bankrupt crypto lender Genesis seeks mediator as DCG deal hits impasse
Bankrupt crypto lender Genesis Global Holdco LLC asked the judge overseeing its reorganization to appoint a mediator in order to…
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Meta needs a new catalyst after stock’s 77 percent rally
After this year’s 75 percent rally in Meta Platforms Inc., analysts say the next catalyst may be some way off.…
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UK’s PM Rishi Sunak wants EU deal on passport checks to ease delays: Report
Britain’s Prime Minister Rishi Sunak wants to make a deal with the European Union to make it easier for his…
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Switzerland’s UBS quarterly profit tumbles as cost of old toxic debt mounts
UBS Group has set aside more money to draw a line under its involvement in toxic mortgages, halving its first-quarter…
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Saudi Arabia to loan $130 mln to Kyrgyzstan for low-income housing and road projects
Saudi Arabia agreed on Monday to provide loans worth $130 million to Kyrgyzstan to develop low-income housing and roads in…
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Britain sets up $125 mln taskforce to drive AI for use in healthcare, education
Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help develop foundation models…
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