Business News: Global Companies, Markets & Economy

Exterior of an HSBC bank branch in Australia, representing the sale of its local mortgage portfolio.

HSBC Sells $25 Billion Australian Mortgage Portfolio to Blackstone

HSBC has agreed to sell its A$25 billion Australian mortgage portfolio to Blackstone, the US private equity giant, in a deal that...

Exterior of a NatWest bank branch in London's financial district on a cloudy day

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NatWest CEO rejects calls for higher bank taxes despite record profits

NatWest chief executive Paul Thwaite has pushed back against growing political pressure to raise taxes on UK banks, arguing that additional levies...

Newly built UK homes with a For Sale sign under overcast sky

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Taylor Wimpey trims shareholder returns and lowers completion target as housing market stays weak

Taylor Wimpey, one of the UK’s largest housebuilders, has cut its shareholder returns and lowered its annual home completion guidance, citing persistently...

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Elon Musk’s X settles legal battle with World Federation of Advertisers, ending GARM dispute

Elon Musk’s X has settled its multiyear legal battle with advertising trade group the World Federation of Advertisers (WFA), the two organizations...

Professional man in London office lobby representing a former Goldman Sachs executive

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Ex-Goldman Sachs Executive Awarded £1.45 Million Over Paternity Leave Stigma

A former Goldman Sachs executive has been awarded £1.45 million by a UK employment tribunal after a judge ruled he was unfairly...

A wealthy Middle Eastern family meeting with a lawyer in a London law office to discuss a sharia-lite will.

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Wealthy Gulf families turn to London law firms for ‘sharia-lite’ gender-balanced wills

London law firms are reporting a surge in instructions from wealthy families across the Gulf Cooperation Council (GCC) states seeking to draft...

Construction site at a modern nuclear power plant at dawn, symbolizing new investment

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Nuclear Revival Requires $250 Billion Annually in Private Investment, Industry Body Says

The global nuclear energy industry needs $250 billion in investment every year to fund a widespread revival of atomic power, according to...

Oil tanker in the Strait of Hormuz at sunset with Iranian coastline in background

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Oil: Persian Gulf Risks Support Prices, ING Analysts Warn

Geopolitical tensions in the Persian Gulf are providing a floor under oil prices, according to a new analysis from ING, as traders...

A large cargo ship sails through the Bab el-Mandeb strait near the coast of Yemen.

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Yemen’s Houthis Signal Possible Transit Fees for Vessels Using Southern Red Sea Route

Yemen’s Houthi movement is reportedly exploring the imposition of transit fees on commercial vessels dealing with the Southern Red Sea, a move...

Diplomatic meeting between Pakistan and Iran officials with Chinese mediator at a conference table

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Pakistan and Iran explore renewed US nuclear talks under China-backed diplomatic push

Pakistan and Iran have entered preliminary discussions about restarting nuclear negotiations with the United States, with China offering to serve as a...

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