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.
Singapore’s sovereign wealth fund posts robust returns but says inflation remains ‘sticky’
GIC cautioned the global economy faces headwinds from tight monetary and fiscal policies.
NatWest CEO resigns after admitting to ‘serious error’ over Nigel Farage leak
The taxpayer-backed lender has faced intense political and media scrutiny over a decision by its private bank Coutts to close Farage’s accounts.
What happened to the Chinese travel boom everyone was waiting for? It stayed in China
Rather than a boom, the recovery of international travel in China is likely to be spread out over 2023 and 2024, says Mastercard economist David Mann.
