UK’s Thames Water’s troubles mount as credit rating cut to junk
Credit rating firm Moody’s downgraded Thames Water’s corporate family rating (CFR) and its safest tranche of debt to junk.
CrowdStrike says bug in quality control process led to botched update
“Due to a bug in the Content Validator, one of the two Template Instances passed validation despite containing problematic content data,” CrowdStrike said.
Britain’s King Charles cashes in as Crown Estate profits surge to over $1.4 billion
Britain’s King Charles is set for a bumper £45 million ($58 million) pay raise after profits at the sovereign’s public estate more than doubled, according to official records.
World shatters heat record for the second time in just two days
The world registered its hottest day on record for the second time in just two days, according to the latest data compiled by the EU’s climate monitor.
Tesla shares close down 12% after earnings miss for biggest slump since 2020
Tesla shares dropped after the company reported second-quarter earnings that missed expectations.
World’s largest luxury group LVMH slumps 4% after second-quarter revenue miss
Shares in LVMH fell on Wednesday after the luxury group on Tuesday released its earnings for the first half of 2024.
UniCredit tops profit forecast, buys cloud-based bank
Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million).
Spain’s Santander posts 20% hike in net profit as retail business shines
Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity.
CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Wall Street slips ahead of megacap earnings. Alphabet’s Youtube ad revenue misses expectations. Tesla slides on weaker-than-expected earnings
India ‘clearly has a problem’ finding new drivers for economic growth, JPMorgan’s Jahangir Aziz says
India “clearly has a problem” figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan said.
