UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.
Poland received German request to arrest suspect in Nord Stream probe
Poland has received a European arrest warrant issued by Berlin in connection with the 2022 attack on Nord Stream pipelines, Polish prosecutors told Reuters.
Thai court dismisses PM Srettha over cabinet appointment
Thailand’s Constitutional Court on Wednesday dismissed Prime Minister Srettha Thavisin for appointing to his cabinet a former lawyer who served jail time.
World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).
Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent shares are up 27% this year, in part due to excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile).
Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom
Foxconn reported a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted “strong growth momentum” from the technology boom.
‘Pulling a Joe Biden’: Reactions to Japanese Prime Minister Fumio Kishida’s resignation
One expert said the move was reminiscent of U.S. President Joe Biden dropping out of the presidential race less than a month ago.
UK inflation comes in below expectations at 2.2%, after two months at the Bank of England’s 2% target
U.K. inflation came in below expectations at 2.2% in July, data from the Office for National Statistics showed Wednesday.
CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
France’s ‘Olympic truce’ ends, returning political tensions to the fore
Emmanuel Macron must appoint a new prime minister but faces an “unprecedented” backdrop that may lead to deadlock.
