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London court rules oligarch liable over $1.9 bn Ukraine loan scheme
The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.
Aston Martin pares outlook as US tariffs weigh
British luxury carmaker Aston Martin Lagonda on Wednesday revised down its full-year outlook as US President Donald Trump's tariffs weigh on operations. Automakers have been among the companies hit hardest by Trump's tariffs onslaught as he tries to bring auto production back to the United States.
GSK reports improved outlook despite US drug tariffs
British pharmaceutical group GlaxoSmithKline said Wednesday that its annual performance should be better than expected, despite US tariffs, after sales of its cancer drugs jumped in the second quarter. Group sales increased one percent to £8 billion, helped by a 36 percent increase in cancer treatments that offset falls for other drugs, including for influenza.
Hermes confirms outlook for rising sales in 2025
French luxury group Hermes confirmed Wednesday its outlook for full-year sales growth as it turned rising revenue for all parts of the world in the first half despite global economic uncertainty. "In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates," it said.
HSBC banks lower profits on higher costs
Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs. - Missed expectations - Elhedery said HSBC is "well positioned to manage the changes and uncertainties prevalent within the global environment in which we operate, including in relation to tariffs".
Eurozone economy expands but tariff impact looms
The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.
Ryanair says dropping three French airports over 'harmful' tax
Irish no-frills airline Ryanair said on Wednesday it was dropping three French airports over a "harmful" tax hike on air tickets and urged Paris to change course. Ryanair urged the French government to abolish the "harmful" air tax in order to make French aviation more competitive.
Adidas reports hit from US tariffs
German sportswear giant Adidas said Wednesday it took a hit from US tariffs in the second quarter but did not indicate whether it would pass on rising costs to consumers. The company did not indicate whether it would pass on these costs to consumers and expressed concern that rising prices overall could dampen demand.
Italy opens probe into Meta over AI tool in WhatsApp
Italy said Wednesday it opened a probe into social media giant Meta for potentially breaking EU competition laws by installing its AI tool into WhatsApp.
AFP
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