Donor’s Profits Drop

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

World - Financial Times - October 29

In Botswana’s Election, Diamond Profits Are a Defining Issue

The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.

World - The New York Times - October 29

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - October 29

Santander's Profit Beats Expectations on Lower Provisions, Costs

Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...

Business - The Wall Street Journal - October 29

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Business - Financial Times - 6 days ago

StanChart to double investment in wealth management as profits rise

Wealth business had record quarter as revenues rose 32%

Business - Financial Times - 6 days ago

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - 6 days ago

Next profits poised to top £1bn for first time

UK retail bellwether raises outlook for third time in three months on the arrival of colder weather

World - Financial Times - 6 days ago

Volkswagen Profit Shrinks as Unions Threaten Strike

Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.

Business - The New York Times - 6 days ago

Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - 6 days ago

Samsung Sees Progress in Memory Chips for AI After Delays

The South Korean tech giant reported better-than-expected net profit but earnings in its core semiconductor business shrank sharply.

Tech - The Wall Street Journal - 6 days ago

Aker Solutions Upbeat Despite Profit Miss

Aker Solutions reported below-forecast third-quarter results but said its outlook remained positive with high tender activity.

Business - The Wall Street Journal - 5 days ago

BNP profits rise driven by global markets business

Eurozone’s biggest bank posts gains for third quarter across equities and fixed-income trading

Business - Financial Times - 6 days ago

TotalEnergies Profit Falls as Downstream Margins Bite

TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.

Business - The Wall Street Journal - 5 days ago

Maersk Profit Rises as Red Sea Disruptions Continue

Maersk’s third-quarter net profit jumped after continued disruptions in the Red Sea shipping lanes pushed freight rates higher.

Business - The Wall Street Journal - 5 days ago

ING Lifts Outlook After Profit Beat

ING raised its total income outlook for the year and said it would distribute up to $2.7 billion to shareholders after net profits topped expectations.

Business - The Wall Street Journal - 5 days ago

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - 5 days ago

Saudi Aramco Profit Falls on Oil-Price Weakness

The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.

Business - The Wall Street Journal - Yesterday

DHL Owner Net Profit Falls on Costs

Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.

Business - The Wall Street Journal - Yesterday

Primark owner profits jump despite summer washout

It said clothes sales in the UK and Ireland grew despite dampened demand for beach and swimwear.

BMW Posts Sharp Fall in Automotive Profitability

BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.

Business - The Wall Street Journal - 38 minutes ago

Honda Motor Cuts Forecasts for Car Sales, Profit

The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.

Business - The Wall Street Journal - 2 hours ago

Has America lost its shame?

The brazenness of US politicians in the face of scandals is a defining feature of the era

Business - Financial Times - October 16

Musk gives $75mn boost to Trump’s presidential run

World’s richest man aims to sway outcome of November election with donation

Business - Financial Times - October 16

Pound falls as UK inflation declines more than expected to 1.7%

First reading below Bank of England’s target in 3 years opens door to more rate cuts this year

Business - Financial Times - October 16

Heisman watch: A Big Four, and then a very big drop

Boise State RB Ashton Jeanty is the midseason favorite after his incredible start to the season.

Sports - Yahoo Sports - October 16

Utah HC Drops Tough Battle With Boston

The club gave it all they had, but couldn't solve Jeremy Swayman and a stout Bruins defence.

Sports - Yahoo Sports - October 20

Starbucks scraps 2025 guidance after fall in sales and earnings

New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth

Business - Financial Times - October 22

Nigeria drops charges against Binance cryptocurrency boss

World - Yahoo News - October 23

Fatal Drug Overdoses Are Dropping. Not Everyone Is Spared.

Federal officials have celebrated a striking drop in drug overdoses across the country. But state-level data shows that Black people are suffering significantly worse outcomes than white people.

Health - The New York Times - October 27

Source: Ravens' Smith fined for hip-drop tackle

Ravens linebacker Roquan Smith will be fined $16,833 and the NFL ruled that he used a hip-drop tackle on Bucs receiver Chris Godwin, a source told ESPN.

Sports - ESPN - October 25

Wrexham drop to 3rd after conceding late penalty

Wrexham saw a last-gasp penalty decision go against them as Charlton Athletic earned a 2-2 draw on Saturday to leave the Hollywood-owned side outside of League One's automatic promotion places.

Sports - ESPN - October 27

Birth rate drops to record low in England and Wales

Declining fertility risks adding pressure on the UK’s public finances and hampering economic growth, warn analysts

Business - Financial Times - October 28

Fertility rate in England and Wales drops to lowest on record

Just over 591,000 babies were born in the UK last year - the lowest number in four decades

Latest in Donor’s Profits Drop

FirstFT: Twin scandals hit PwC’s Asia profits

In Botswana’s Election, Diamond Profits Are a Defining Issue

Clariant Third-Quarter Profits Miss Expectations

Santander's Profit Beats Expectations on Lower Provisions, Costs

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

StanChart to double investment in wealth management as profits rise

UBS reports better than expected profits

Next profits poised to top £1bn for first time

Volkswagen Profit Shrinks as Unions Threaten Strike

Reddit shares close up 42% on profitability, rosy guidance

Samsung Sees Progress in Memory Chips for AI After Delays

Aker Solutions Upbeat Despite Profit Miss

BNP profits rise driven by global markets business

TotalEnergies Profit Falls as Downstream Margins Bite

Maersk Profit Rises as Red Sea Disruptions Continue

ING Lifts Outlook After Profit Beat

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

Saudi Aramco Profit Falls on Oil-Price Weakness

DHL Owner Net Profit Falls on Costs

Primark owner profits jump despite summer washout

BMW Posts Sharp Fall in Automotive Profitability

Honda Motor Cuts Forecasts for Car Sales, Profit

Has America lost its shame?

Musk gives $75mn boost to Trump’s presidential run

Pound falls as UK inflation declines more than expected to 1.7%

Heisman watch: A Big Four, and then a very big drop

Utah HC Drops Tough Battle With Boston

Starbucks scraps 2025 guidance after fall in sales and earnings

Nigeria drops charges against Binance cryptocurrency boss

Fatal Drug Overdoses Are Dropping. Not Everyone Is Spared.

Source: Ravens' Smith fined for hip-drop tackle

Wrexham drop to 3rd after conceding late penalty

Birth rate drops to record low in England and Wales

Fertility rate in England and Wales drops to lowest on record

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