A first interim dividend of $0.1 per share has been approved by the board. HSBC is off to a productive start in 2024 with the sale of two business units in the Americas although profits fell slightly. Profit before tax dipped...
HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry. Experts predict that over the next decade cryptographically relevant quantum computers will start posing cybersecurity risks. The...
Final terms give Germany and Japan leeway to reduce their heavier coal usage. Energy ministers from the Group of Seven (G7) major democracies agreed to end the use of coal in power generation "during the first half of (the) 2030s",...
As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change. Even in an optimistic low-emission scenario...
Saudi Arabia's non-oil economic growth is expected to stay broadly steady in 2024 at 3.7% and then potentially accelerate in 2025 helped by lower interest rates, says a NBK research. Despite higher interest rates, non-oil economic growth remained robust in...
As the climate emergency intensifies, demand is surging for minerals that are critical for renewable energy technologies like solar panels, wind turbines and electric vehicles (EVs). However, investments in these minerals are not keeping pace with escalating demand, says...
NatWest has extended its first mass market Intellectual Property-backed loan to UK software company Sci-Net. The new High Growth IP Loan from NatWest has been developed with specialist IP valuers Inngot to help unlock the funding gap for high growth...
Etihad Credit Insurance (ECI) is constantly adapting to the evolving global landscape, tailoring its product portfolio and focusing on emerging sectors like renewable energy and sustainability. This is according to Raja Al Mazrouei, Chief Executive Officer of ECI, who told...
The global Islamic finance industry will continue see high-single-digit growth in 2024-2025, with sukuk issuances to hover between $160 billion and $170 billion in 2024, furthering the industry's asset growth. According to a report titled “Islamic Finance 2024-2025: Resilient Growth...
Franklin Resources, better known as Franklin Templeton, posted a fall in second-quarter profit, hurt by higher expenses as it paid employees higher compensations amid the backdrop of a tight labor market and wage inflation. Higher expenses in the quarter offset...
