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HSBC reports $8.5 billion pre-tax profit in third quarter
Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an organisational overhaul.
Asian shares rise as markets await tech results
Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week. Investors are also eyeing the earnings reports of major tech companies this week including Google parent Alphabet, Amazon, Apple, Facebook-parent Meta, and Microsoft.
Saudi 'Davos in the desert' opens with region on war footing
Global business leaders meet in Saudi Arabia on Tuesday for a glitzy investor forum as conflict shakes the region and scepticism mounts over the Gulf kingdom's most ambitious development projects.
Countdown to Busan: is a plastic pollution treaty in reach?
Negotiators meet in less than a month to agree on the world's first treaty to end plastic pollution, but countries remain so far apart that a deal may prove impossible. It has been two years since the UN first agreed to work towards a treaty, and negotiators have met four times already to hammer out details.
Hefty electric vehicle costs dent Ford profits
Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results. The results were the latest in which Ford has seen profits from its conventional internal combustion engine and fleet businesses offset losses in electric vehicles.
US finalizes curbs on investing in Chinese tech
The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday.
Apple rolls out AI features across devices
Apple on Monday rolled out its first set of artificial intelligence features, dubbed "Apple Intelligence," across its premium iPhone, iPad, and Mac devices, marking the tech giant's major push into generative AI. The release, first previewed by the company in June, marks Apple’s foray into an AI race that has seen the US tech giants rush into ChatGPT-style technology.
Suit filed in Pennsylvania to halt Musk's $1 mn giveaways
Philadelphia's chief prosecutor sued billionaire Elon Musk and his pro-Trump political action committee on Monday to halt his $1 million giveaways to registered voters. Musk has reportedly donated $118 million to his personal pro-Trump political action committee, an organization which collects funds for elections.
Boeing announces stock offering expected to raise up to $19 billion
Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds will go towards repaying debt and investing in its subsidiaries. Boeing announced an offer to sell 90 million shares of common stock -- valued at around $13.9 billion at current market prices -- in addition to $5 billion in depositary shares.
AFP
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