British fintech company Revolut reported a record pretax profit of £438 million ($553.81 million) in 2023, driven by significant user growth and a surge in interest-related income. This announcement, made on Tuesday,
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First-time applications for U.S. unemployment benefits rose last week, and the number of people on jobless rolls reached a 2-1/2-year high at the end of June, reflecting a gradual cooling in the
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On Friday, major U.S. banks revealed plans to increase their third-quarter dividends after demonstrating sufficient capital to endure severe economic and market challenges, as confirmed by the Federal Reserve’s annual stress test.
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Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, according to government data released on Sunday. This marks
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Belarus has bolstered its air defence forces along the Ukrainian border to safeguard “critical infrastructure facilities” in response to heightened drone activity from Ukraine, a senior Belarusian military official stated on Saturday.
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European firms have committed to deals valued at more than 40 billion euros ($42.85 billion) with Egyptian partners, as announced by EU Commission President Ursula von der Leyen at an investment conference
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Britain’s economy showed a stronger-than-expected rebound from recession in the first quarter of this year, according to revised data released on Friday by the Office for National Statistics. Gross domestic product (GDP)
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Italian Prime Minister Giorgia Meloni criticized plans on Wednesday to distribute the top jobs in EU institutions, arguing they neglected the recent successes of rightwing parties in the European Parliament elections. Sources
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Qatar Airways in Talks to Acquire 20% Stake in Virgin Australia Amid Market Share Battle with Qantas
Qatar Airways is in discussions to acquire up to a 20% stake in Virgin Australia, which is currently owned by Bain Capital. This development was reported by the Australian Financial Review (AFR)
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Crude oil prices remained stable on Tuesday as investors closely watched summer driving demand and anticipated U.S. inflation data expected later in the week. By 10:52 a.m. ET (1452 GMT), Brent futures
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