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Santander posts record profit despite special tax
Spanish lender Banco Santander reported Wednesday a record profit for the first half of the year despite a windfall tax imposed on banks, as rising interest rates lifted its earnings. Banco Santander is the latest European banking giant to get a lift from central bank rate hikes aimed at taming high inflation.
UK bank NatWest CEO resigns after Farage 'error'
The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage. Rose previously admitted she was the source for the story, and acknowledged "a serious error in judgment" in discussing Farage's relationship with the bank.
Wind of change picks up for German region's energy sector
Residents of the rural Bavarian village of Schnabelwaid have said "yes" to the installation of wind turbines on the hillside next to their community in a rare win for an energy source unloved in Germany's biggest region. The roughly 900 residents of Schnabelwaid approved the new project to install about 10 turbines by a whisker at the end of a public consultation in April.
US Federal Reserve likely to lift interest rates to 22-year high
The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months. Futures traders see a probability of close to 99 percent that the Fed will proceed with a quarter percentage-point hike, according to data from CME Group.
As West fears Tunisia collapse, hopes of IMF bailout fade
Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows to Europe and have offered financial assistance. That followed European Union foreign policy chief Josep Borrell's concern that a collapse "economically or socially" in Tunisia would trigger a new flow of migrants to Europe -- an assessment rejected by Tunis.
Glitzy Dubai hungry for culinary fame
French chef Renaud Dutel never thought his career would take him to the United Arab Emirates' glam hub of Dubai, but has found there a culinary capital in the making.
Asian markets mixed as Fed rate decision looms, China rally fades
Asian markets were mixed Wednesday as the previous day's China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more rate hikes before the end of the year.
Subcontractor lawsuit could test Amazon union relations
When they started to unionize, Amazon tried to get rid of them. But barely a week before they formally unionized, Amazon announced the cancellation of BTS's contract.
Microsoft, Google beat earnings expectations amid AI frenzy
Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. Google has played a close second to the partnership between Microsoft and OpenAI in rolling out its AI products following the release of ChatGPT that ignited a tech frenzy.
AFP
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