The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Emanuele Cremaschi | Getty Images News | Getty ImagesUniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome.Italy’s second-largest bank reported a 25% year-on-year hike in net profit to 3.3 billion euros ($3.87 billion) in the second quarter when including one-off items, and 2.9 billion euros without them.UniCredit said it now expects full-year net profit to hit 10.5 billion euros, compared with previous guidance at…
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The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025.Bloomberg | Bloomberg | Getty ImagesSingapore’s headline inflation rate remained steady at 0.8% in June, staying at its lowest level in over four years.The inflation figure was lower than the 0.9% expected by economists, and comes ahead of the country’s monetary policy decision later in July.Core inflation, which strips out prices of private transport and accommodation, remained unchanged at 0.6%.The soft inflation figure clears the way for Singapore’s monetary authority to ease its monetary policy to support growth in an uncertain trade environment.In its recent annual…
A staff member prepares for the arrival of Chinese Vice Premier Ding Xuexiang and EU Executive Vice-President for a Clean, Just and Competitive Transition, Teresa Ribera during China-EU Sixth High Level Environment and Climate Dialogue (HECD) at the Diaoyutai State Guest House in Beijing on July 14, 2025.Wang Zhao | Afp | Getty ImagesChina and the European Union will hold a top-level meeting in Beijing on Thursday, while the U.S. is making their already tense relationship more complicated.Clashes over trade and economic policy, technological issues and defense and security have been commonplace between China and the EU — and tensions…
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here.The dispatchOne of the City’s most prominent investment bankers recently spelled out to me the challenges, as he saw them, faced by the U.K. economy.He argued that, as a country, Britain does not really make much that the rest of the world wants to buy from us these days, aside from a few honorable exceptions, including cars, luxury goods, aerospace and defense components and Scotch whisky.Meanwhile, he went on, sectors where the U.K. was once a world leader, such as financial…
Japan’s Prime Minister Shigeru Ishiba addresses the media at the vote counting center in the Liberal Democratic Party headquarters in Tokyo on July 20, 2025.Franck Robichon | Afp | Getty ImagesJapan’s embattled Prime Minister Shigeru Ishiba could resign by August, according to local media. The reports came shortly after U.S. President Donald Trump announced that he had reached a “massive Deal” with Japan, and days after Ishiba’s governing coalition lost its majority in the country’s upper house.Japan’s Mainichi newspaper reported Wednesday that the prime minister intended to announce his resignation by August, according to a Google translation of the report in…
The Los Angeles Times logo is displayed on top of their building and newsroom on March 30, 2025 in El Segundo, California. Kevin Carter | Getty Images News | Getty ImagesDr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year.During an interview on Monday’s “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow the public to have ownership of this paper.”Soon-Shiong said he’s working with “an organization that’s putting that together right now.” He didn’t identify the…
SpotlightWith Points Boost, your rewards will be worth up to 1.5x on thousands of top-booked hotels and flights from select airlines through Chase Travel.Good to Excellent670–850Our expert takeThe Chase Sapphire Preferred® Card packs a punch for a $95 annual fee card, offering annual travel credits, comprehensive travel protections and more.Pros & consYou can transfer rewards to all of Chase’s travel partners including World of Hyatt, Southwest Rapid Rewards and many moreLong list of travel and shopping protections$50 annual Chase Travel hotel creditHas an annual feeRequires a high credit scoreMore detailsHighlightsHighlights shown here are provided by the issuer and have not been…
The ‘Fast Money’ traders react to Pres. Trump’s statement about no capital gain tax on houses. Source link
Lynsi Snyder, the billionaire owner and president of California-based burger chain In-N-Out Burger, says her company isn’t moving its corporate headquarters to Tennessee — it’s merely opening a new office there.”We’re not moving In-N-Out Burger’s corporate headquarters,” Snyder, 43, said on Monday. “We’re not leaving California, or leaving our roots behind. Each one of our locations is here to stay.”Snyder’s comments came three days after an interview she gave on the “Relatable” podcast, where she spoke about her family’s impending move to Tennessee. “There are a lot of great things about California, but raising a family is not easy here,”…
Singapore has the world’s strongest passport — again, according to the latest Henley Passport Index.The ranking, released Tuesday, shows the small nation-state retaining the top spot in the index, after it broke a six-way tie for the accolade earlier this year.In 2024, Singapore shared the top ranking with Japan, Germany, Italy, Spain and France.The latest ranking shows Japan and South Korea tied for second place, with the other former No. 1 contenders tied for third place with Denmark, Finland and Ireland.The Henley Passport Index is a widely followed ranking of global passports, which assesses passport strength by one metric —…
