Category: finance
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China Approves TikTok U.S. Transfer Deal, Says Treasury Secretary Bessent
U.S. Treasury Confirms Chinese Approval of TikTok Sale Agreement WASHINGTON, Oct. 30, 2025 — U.S. Treasury Secretary Scott Bessent announced that China has approved the long-awaited transfer deal for TikTok, marking a major step toward resolving one of the most contentious technology disputes between Washington and Beijing in recent years. Bessent confirmed the news in
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Nvidia Becomes World’s First $5 Trillion Company Amid Global AI Boom
The AI chipmaker’s valuation soars past $5 trillion, cementing its dominance in artificial intelligence and reshaping global tech markets. In a landmark moment for the global technology industry, Nvidia has become the first company in history to surpass a $5 trillion market valuation, just three months after it crossed the $4 trillion threshold. The AI
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UK Employers Expected to Keep Pay Awards at 3% Amid Economic Uncertainty, Brightmine Reports
LONDON – British employers are likely to maintain pay awards at around 3% over the next year as economic caution prevails and the impact of recent high inflation continues to recede, according to a new report by data and research firm Brightmine. The findings highlight growing restraint among UK businesses in 2025, with many employers
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Next Raises Profit Forecast Again After Strong Quarterly Sales Performance
LONDON – British fashion and lifestyle retailer Next plc (NXT.L) once again raised its full-year profit outlook after reporting stronger-than-expected third-quarter sales, marking the fourth upgrade in just eight months. The latest results highlight the company’s resilience amid a challenging retail environment and its ability to outperform both domestically and internationally. Third-Quarter Sales Surge Past
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LSEG Expands BlackRock Partnership to Boost Access to Private Markets Data
LONDON – The London Stock Exchange Group (LSEG) announced on Wednesday that it is expanding its strategic partnership with BlackRock, a move aimed at enhancing access to private markets data for institutional clients and investors worldwide. Under the extended agreement, LSEG clients will gain access to data feeds from Preqin, a leading provider of private
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UK Mortgage Approvals Surge to Highest Level Since December, Says Bank of England
LONDON – British lenders approved more mortgages in September 2025 than in any month so far this year, according to data released by the Bank of England (BoE) on Wednesday. The figures signal renewed momentum in the UK housing market despite growing uncertainty ahead of Chancellor Rachel Reeves’ upcoming budget. Mortgage Approvals Reach 10-Month High
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Adidas Faces $140 Million Operating Profit Hit from U.S. Tariffs in 2025
German sportswear giant Adidas (ADSGn.DE) announced on Wednesday that new U.S. import tariffs are expected to have a €120 million ($140 million) direct impact on its 2025 operating profit, with the most significant financial blow anticipated in the fourth quarter. During a media call, CEO Bjørn Gulden said the company is closely monitoring the evolving
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Deutsche Bank Defies Forecasts with Surprise Q3 Profit Rise Driven by Investment Banking Strength
FRANKFURT – Deutsche Bank (DBKGn.DE) surprised markets on Wednesday by reporting a 7% increase in third-quarter net profit, beating expectations for a decline. The better-than-expected results were powered by strong performance in its investment banking division, particularly in bond trading and debt issuance, underscoring the lender’s ongoing turnaround momentum. Germany’s largest bank posted a net
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UBS Third-Quarter Profit Surges 74%, Crushing Market Forecasts
ZURICH– UBS Group AG (UBSG.S) reported a 74% year-on-year surge in third-quarter net profit to $2.5 billion, far exceeding analyst expectations of $1.29 billion. The Swiss banking giant’s performance was driven by market volatility stemming from global tariff tensions, a rebound in merger and acquisition (M&A) activity, and the release of legal provisions. Shares of
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Telenor Misses Q3 Earnings Forecast Amid $50 Million 5G-Related Hit in Malaysia
OSLO, Norway — Norwegian telecom giant Telenor ASA (OSE: TEL) reported third-quarter 2025 earnings that came in slightly below market expectations, weighed down by a one-time negative adjustment of 500 million Norwegian crowns ($49.8 million) related to rising 5G deployment costs in Malaysia. Despite delivering steady growth in its Nordic operations and a rebound in
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