Bank of England Takes Profit after Fully Unwinding Its $234 Billion Emergency Bond Buying Package
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Standard Chartered Posts Higher Profit on Trading Gains
The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.The Wall Street Journal - World -
BBVA approaches Sabadell to create €70bn Spanish banking giant
Tie-up between two lenders would near valuation of SantanderFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - World -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - Business -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - World -
She Was Convicted of Making a Bank Her Personal ATM---and Sentenced to Death
The case became one of the most high profile in a relentless anticorruption campaign in Vietnam dubbed the “Blazing Furnace.”The Wall Street Journal - World -
Cannabis Laws Are Changing, but Pot Merchants Still Can't Find Banks
Marijuana may become a less regulated Schedule III drug under federal regulations, but banking access remains an obstacle.Inc. - Business -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Banks face new risks as US tightens sanctions on Russia
Ukraine conflict shows no sign of abating — and financial institutions are being expected to implement the responseFinancial Times - World - Russia -
Israel accused of possible war crime over killing of West Bank boy
UN expert says death of 8-year-old appears to violate law after reviewing evidence gathered by BBC.BBC News - Top stories - Israel -
2 men are charged with cutting down famous 150-year-old tree near Hadrian's Wall in England
Prosecutors in England say two men have been charged with cutting down the beloved 150-year-old Sycamore Gap tree that toppled over on Hadrian’s WallABC News - World -
Japan's Kishida will stress rules-based global order, support for emerging nations at OECD meeting
Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in ParisABC News - World -
Japan's Kishida will stress rules-based global order, support for emerging nations at OECD meeting
Yahoo News - World -
'Outbreak' of opioid overdoses in Austin, Texas, linked to 8 deaths and over 50 emergency calls
Police in Austin, Texas, said they responded to an "outbreak" of over 50 opioid-related overdose calls between Monday and Tuesday morning that's been linked to as many as eight deaths.NBC News - Top stories -
How USMNT's McKennie emerged from Premier League disaster to be among Serie A's best
USMNT's Weston McKennie had a point to prove after a nightmarish spell in the Premier League. Yet this year, he's found form and confidence again at Serie A giants Juventus.ESPN - Sports -
Council spends £1.34m buying back land wrongly sold to developers
The council says it wrongly deemed the land as being surplus to requirements, back in 2017.BBC News - Top stories -
Thinking About Buying a Hybrid Car? Listen Up
This week, we talk through everything there is to know about hybrids: how the different technologies work, how to keep one charged, and which cars best fit different lifestyles.Wired - Tech -
Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.The New York Times - Business - Europe -
Arizona Voted to Repeal Its Abortion Ban
Also, the Fed eyes a longer period of high rates. Here’s the latest at the end of Wednesday.The New York Times - Top stories - Abortion -
Beth Linker is Turning Good Posture On its Head
A historian and sociologist of science re-examines the “posture panic” of the last century. You’ll want to sit down for this.The New York Times - Health -
Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.The New York Times - World - Europe -
North Carolina Triad Tries to Reinvent Its Economy
North Carolina’s Triad was built on tobacco, textiles and furniture. Now it’s trying to forge a new economy from more highly skilled manufacturing.The New York Times - Business -
Best Buy is giving away NBA Store gift cards when you buy a Hisense TV
This NBA Playoffs deal at Best Buy nets you a new 4K TV and up to $200 to spend at the NBA Store.CBS Sports - Sports - NBA -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - World - Microsoft -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - Tech - Microsoft -
Biden to announce $3 billion to replace lead pipes
President Biden will announce Thursday that his administration will be doling out $3 billion in funds to replace lead pipes, which can pose a health hazard. Biden will announce the funds, part of a total of $15 billion from the Bipartisan ...The Hill - Politics - Joe Biden -
Mexico proudly controls its energy but could find it hard to reach its climate goals
Mexico's taking control of its oil from U.S. and British companies is taught in schools and celebrated every yearABC News - World - Climate -
America gets its money’s worth for its aid to Middle East ally Jordan
In this context of mounting anti-government anger, the Jordanian government’s decision to join a military engagement against Iran was historically bold.The Hill - Politics -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.CNBC - Business - Amazon -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Amazon Prime ads help tech giant drive profits
The tech giant did better than expected in many areas of its business.BBC News - Top stories - Amazon -
Amazon profits may have tripled but do not expect a dividend
Resurgence of free cash flow at the ecommerce group is still fresh while capital expenditure is set to rise this yearFinancial Times - Business - Amazon -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
Carvana’s stock rallies more than 30% on surprise profit for used-car retailer
Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.MarketWatch - Business -
Novo Nordisk cuts price of weight loss drug Wegovy as competition heats up
Danish group beats expectations with first-quarter sales up 24% and raises annual forecast on high demandFinancial Times - Business