NatWest CEO Steps Down After Political Fallout From Closed Account
Alison Rose had talked to a BBC journalist about the account of Nigel Farage, a leading Brexit campaigner.
Deutsche Bank Hit by Higher Costs, Plans EUR1 Billion Return
Deutsche Bank posted a lower second-quarter net profit of EUR763 million after it booked higher costs and loan-loss provisions, and said it expected to return more than EUR1 billion to shareholders this year.
Rio Tinto Hit by Weaker Commodity Prices
Rio Tinto reported below-forecast first-half earnings and pared its payout to shareholders, reflecting a fall in commodity prices as China’s economic recovery faltered.
Santander Confident on Outlook After Profit Beat
Santander reported a higher-than-expected net profit of EUR2.7 billion in the second quarter on a sharp rise in net interest income and said it was on track to hit its targets for the year.
Google and Microsoft Paying Big to Play in AI
The tech giants at the forefront of the AI race show recovering growth in their core businesses.
Samsung to Launch New Galaxy Z Fold, Flip Phones Amid Slow Adoption So Far
The smartphone maker on Wednesday will show off the latest models of devices that have had limited success outside of South Korea.
CATL’s First-Half Profit Jumps to Record High
The Chinese battery maker more than doubled its net profit in the first half, boosted by strong revenue growth as it keeps expanding its business both at home and abroad.
Threads Isn’t Labeling Propaganda Accounts From Russia, China State Media
Accounts from state-backed media have garnered hundreds of thousands of followers on Meta’s new microblogging service.
Elon Musk’s Rebranded Twitter Cuts Ad Prices
The social-media site X is offering hefty discounts to lure back ad dollars
Microsoft Touts AI Potential as Growth Is Hurt by Cooling Cloud Demand
The company’s relationship with OpenAI has helped drive its generative AI business.
Source: Dow Jones Newswires