Moody’s sees ‘significant risk’ besieging Israel’s economy
Moody’s Investors Service cautioned that “significant risk” looms over Israel’s economy, after the passage of a law that curtails the Supreme Court’s powers.
Samsung launches two new folding smartphones to fend off competition from rivals
Samsung on Wednesday launched two new folding smartphones, the Galaxy Z Flip 5 and Galaxy Fold 5.
A vital system of ocean currents could collapse much sooner than expected, scientists warn
Scientists have previously sounded the alarm over studies showing a rapid slowdown of the Atlantic Meridional Overturning Circulation.
Rolls-Royce shares soar 19% after engine-maker raises guidance
The company said it anticipates half-year profits, due out on Aug. 3, will be more than double market consensus.
Cambodia’s Hun Sen says will step down as PM
“Hun Manet…will become the prime minister in the coming weeks,” he said, adding the new premier will be appointed on Aug. 10.
CNBC Daily Open: Alphabet soars as Microsoft sinks
Both Alphabet and Microsoft beat estimates for the top and bottom line. But Alphabet shares soared while Microsoft fell.
Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Global battery electric vehicle and low emission vehicle sales were up 24% and 28% year-on-year, respectively.
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.
