SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
SK Hynix in its latest earnings report said that the weak memory chip market is starting to recover amid robust artificial intelligence demand.
Spain’s Santander net profit beats forecasts lifted by home market
Spain’s Santander on Wednesday said its net profit in the second quarter rose 14% compared to same quarter of 2022.
UniCredit lifts 2023 goals after bumper quarter
UniCredit said it now expects a 2023 net profit of at least 7.25 billion euros ($8 billion), compared with more than 6.5 billion earlier.
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs
The bank’s net profit attributable to shareholders slightly topped a prediction of 737 million euros in a Reuters poll of analysts.
Paris company listings raise 92% less in 2023, research says, but London holds up
Research by KPMG showed a mixed picture for 2023 so far, with sentiment clouded by higher interest rates and price pressures for consumers.
Weight loss drug Wegovy has launched in Germany — but users across Europe face a long and costly wait
The hugely popular Wegovy obesity drug launched in Germany on Saturday, but high costs and supply constraints threaten to weigh heavy on the rollout.
Britain’s richest man says Brexit was ‘not good for the UK,’ backs PM Sunak’s economic plans
Britain’s wealthiest man, Gopichand Hinduja, condemned the U.K.’s departure from the European Union, but threw his backing behind PM Rishi Sunak.
IMF raises growth forecast for India, which is set to be fastest growing major economy in 2023
China and India will power emerging Asia’s world-leading economic growth in 2023.
China signals more support for real estate with a ‘big change’ in tone
China has changed its tone on the country’s struggling real estate sector, signaling that more policy support may be on the way.
British billionaire Joe Lewis to appear in U.S. court on insider trading charges
Joe Lewis, who owns the Tottenham Hotspur soccer team, is accused of providing inside information to romantic partners and associates.
