ZURICH (Reuters) -Julius Baer on Monday announced further loan loss allowances of 149 million Swiss francs ($184 million) that will be recognised in the financial accounts in November 2025. The group has now completed its credit review and decided to manage down a subset of loan book positions, which are not aligned with its refocused …
Julius Baer announces further loan loss allowances of $184 million Read More »
By William Schomberg and David Milliken LONDON (Reuters) -When accountants at mid-tier firm Moore Kingston Smith began using artificial intelligence to speed up their work, profit margins jumped. Colleagues in another team running checks against corporate fraud created a report for customers in two hours, something that previously took two weeks. The rollout of AI …
From two weeks to two hours: how AI might reboot Britain’s economy Read More »
(Reuters) -BHP Group said on Monday it is no longer pursuing a potential combination with Anglo American after preliminary discussions with the rival miner’s board. BHP had made a renewed takeover bid for Anglo American, a source familiar with the matter told Reuters on Sunday, just months after the London-listed company announced merger plans with …
BHP drops bid for Anglo American after early talks Read More »
By Fernando Kallas, Andres Gonzalez and Charlie Devereux MADRID (Reuters) -Real Madrid are considering creating a subsidiary that would allow external investors to buy a stake of around 5% in the world’s most valuable football club, its president, Florentino Perez, said on Sunday. Madrid’s members will be invited to vote on the proposal that would …
Soccer-Real Madrid consider opening up to external investors, Perez says Read More »
(Reuters) -Client data for JPMorgan Chase, Citi, Morgan Stanley and other major banks may have been accessed in a hack of a technology vendor, the New York Times reported on Saturday, citing people familiar with the matter. SitusAMC said in a statement on its website on Saturday that it had been the subject of a …
JPMorgan, Citi, Morgan Stanley client data may be exposed by vendor’s hack, NYT reports Read More »
CAIRO (Reuters) -Oman signed an agreement with Airbus on Sunday to design, manufacture and launch the sultanate’s first communications satellite, Oman’s state news agency reported. The new satellite would help boost Oman’s communications system and build capacities in areas of space and future technologies, the state news agency said. (Reporting by Menna Alaa El-Din; Editing …
Oman signs agreement with Airbus for its first communications satellite Read More »
By Mrinmay Dey (Reuters) -Britain on Saturday rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035, with targets to source 10% of domestic demand from UK production and 20% from recycling, the government said, as global competition for these essential resources intensifies. Backed by up to 50 million pounds …
Britain unveils critical minerals strategy to cut reliance on foreign supply Read More »
LONDON (Reuters) -British finance minister Rachel Reeves said on Sunday she would freeze rail fares when she sets out her budget plan on Wednesday, aiming to help millions of commuters struggling with the cost of living. Reeves is widely expected to raise taxes in her budget, but for those using the railways frequently, frozen fares …
LONDON (Reuters) -Britain’s government is expected to introduce a 1.5 billion pound ($2 billion) package to accelerate a switch to electric vehicles, it said, including an extra 1.3 billion pounds for a grant scheme to buy new electric cars. The government said that since its launch in July, the Electric Car Grant scheme had helped …
Britain to introduce $2 billion package to help switch to EVs Read More »
ZURICH (Reuters) -A deal to cut U.S. tariffs to 15% from 39% is helpful but not a “game changer” for the Swiss economy because the duties have only hit a small proportion of exports, Swiss National Bank Chairman Martin Schlegel said on Saturday. Last week Switzerland and the U.S. reached a preliminary agreement to cut …
SNB says lower US tariffs welcome, but not a game changer Read More »
