Category: finance
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HSBC Names Steve Hughes as CEO and Head of Banking for Australia and New Zealand
SYDNEY/BENGALURU – Global banking giant HSBC has announced the appointment of Steve Hughes as the new Chief Executive Officer (CEO) and head of Banking for Australia and New Zealand, effective January 1, 2026. Hughes, who has been with HSBC since 2015, currently leads the wholesale banking division in the region, a role he has held
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Orlen CEO Confident in Arbitration Case Against Venture Global After BP Precedent
GDANSK, POLAND – Polish energy giant Orlen SA is expressing confidence in its ongoing arbitration dispute with U.S. liquefied natural gas (LNG) supplier Venture Global, citing a recent arbitration win by BP as a positive precedent. Orlen’s Chief Executive Officer, Ireneusz Fafara, told reporters Thursday that after consulting with legal advisors, the company feels “quite
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Unions at Woodside’s Pluto 2 LNG Project Push for Strike Approval Amid Pay Dispute
PERTH, AUSTRALIA – Workers at Woodside Energy’s Pluto 2 liquefied natural gas (LNG) project are moving to secure approval for strike action as negotiations over pay remain at an impasse. The union group, known as the Offshore Alliance, filed an application with Australia’s Fair Work Commission on Thursday, seeking formal permission to take industrial action
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Italy Investigates Tod’s Over Alleged Labour Abuses, Seeks Six-Month Advertising Ban
Italian prosecutors have launched a formal investigation into luxury fashion group Tod’s and three of its executives over alleged labor abuses at subcontracted workshops, according to sources familiar with the matter. The authorities are seeking a temporary six-month ban on advertising for some of Tod’s products manufactured in the affected factories. This represents the first
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EU Delays “High-Risk” AI Rules Until 2027 Following Tech Industry Pushback
The European Commission has proposed delaying some “high-risk” provisions of the EU AI Act until December 2027, pushing back the original August 2026 timeline. The move, announced on Wednesday, November 19, 2025, is part of a broader regulatory simplification package aimed at reducing bureaucratic hurdles, responding to criticism from Big Tech companies, and enhancing Europe’s
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Germany and Singapore Strengthen Collaboration on Global Supply Chain Challenges
Germany and Singapore are set to strengthen cooperation on supply chain issues amid a rapidly shifting global trade environment, German Finance Minister Lars Klingbeil announced on Thursday after high-level talks in Singapore. The discussions come as both nations face increasing pressures from trade disruptions, including U.S. tariffs and Chinese export restrictions, highlighting the need for
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Resilient Domestic Economy Gives India Leverage in U.S. Trade Negotiations
India’s robust domestic economy and a smaller-than-expected impact from U.S. tariffs are giving New Delhi significant leverage in ongoing trade negotiations with Washington, sources and analysts say. The U.S. has imposed tariffs of up to 50% on Indian imports, yet the country’s exporters have cushioned much of the impact through market diversification, pricing strategies, and
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Taiwan’s 2025 Export Orders Could Reach Record $700 Billion on Strong AI and Tech Demand
Taiwan’s export orders are set to hit record levels in 2025, potentially surpassing $700 billion, driven by robust global demand for semiconductors, AI applications, and high-performance computing technology, the Ministry of Economic Affairs announced on Thursday. In October 2025, Taiwan’s export orders rose 25.1% year-on-year to $69.37 billion, marking the 10th consecutive month of growth
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Emirates to Maintain Its Own A380 Engines Under Deal with Rolls-Royce
Dubai-based Emirates Airlines has announced a landmark agreement with engine manufacturer Rolls-Royce (RR.L) to perform maintenance, repair, and overhaul (MRO) for the Trent 900 engines powering its Airbus A380 fleet starting in 2027. The deal was formalized under a memorandum of understanding (MoU) between the airline and the engine maker, Emirates said on Thursday. The
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Netflix Confirms Theatrical Releases Will Continue in Warner Bros Acquisition
Netflix (NASDAQ: NFLX) has reportedly informed Warner Bros. Discovery (NASDAQ: WBD) that it plans to continue releasing Warner Bros. films in theaters if its proposed acquisition of the studio is finalized, according to Bloomberg News. The confirmation highlights Netflix’s commitment to honoring existing theatrical release contracts and signals the streaming giant’s intention to maintain a
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