Beijing’s progress in implementing its “Made in China 2025” (MIC2025) strategy for industrial modernisation over the past decade is raising fresh alarms in Washington, with a congressional panel using it on Thursday to warn that the US is at risk […]
Sales of Tesla’s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold 63,238 units of its electric cars in January, down 11.5% from the 71,447 cars sold in the same month last year. […]
Shares of Banco Santander jumped after Spain’s largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital. The bank’s net profit picked […]
Saudi Arabia’s bank loans surged to SR2.96 trillion ($788 billion) in December, marking a 14.39 percent year-on-year increase, according to official data. Figures from the Saudi Central Bank, also known as SAMA, revealed that corporate loans were the main driver, […]
Saudi Arabia is exploring collaboration opportunities with India’s largest business conglomerate Tata Group in multiple sectors, including military, aviation, and electronics. During the meeting, the Saudi minister outlined the economic diversification goals of the Vision 2030 program and highlighted investment […]
The Bank of England’s Monetary Policy Committee voted to cut interest rates to a 19-month low but struck a hawkish tone by signaling that only two more reductions are needed to bring inflation back to the 2% target. In a […]
As the role of CFOs continues to evolve, some companies are thinking of new ways to amplify their strategic mindsets. There has been a trend in finance chiefs taking on the additional role of chief operating officer, but Salesforce has taken […]
The Depository Trust & Clearing Corporation (DTCC), the US post-trade market infrastructure has launched ComposerX, a complete, end-to-end suite for managing digital assets through their full lifecycle. Nadine Chakar, global head of DTCC Digital Asset, told Markets Media in an email […]
SoftBank Group Corp. and OpenAI will create a joint venture to develop and sell AI services to businesses across Japan, establishing one of the broadest efforts yet to sell the fast-growing startup’s tools to enterprise customers outside of the US. […]
ustralian retail sales dipped in December as pay back for a Black Friday splurge the month before, but discounting helped shoppers make a desperately-needed contribution to economic growth over the whole fourth quarter. Data from the Australian Bureau of Statistics […]
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