Tag: Business
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Italy’s Intesa shifts core IT banking systems to Google’s cloud technology
MILAN, July 2 : Italy’s biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology. • Replacing existing core IT infrastructure, known as mainframes, with cl
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Stock market gains minted nearly 1 million new millionaires in 2025, new UBS report says
Global personal wealth surged by 10.8% in 2025, the biggest jump since 2017, per UBS.
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Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand
Ford said its EV sales fell by 40.7% during the quarter compared with a year earlier, while sales of its F-Series trucks, including the F-150, fell 11%.
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Hong Kong’s assets under management grow to record $5.38 trillion, SFC survey shows
July 2 : Hong Kong’s assets under management surged 20 per cent to a record HK$42.2 trillion ($5.38 trillion) in 2025, marking a third consecutive year of growth for the financial hub, according to a Securities and Futures Commission (SFC) survey.The jump was partly driven by a nearly threefold rise in net fu
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Unclear if French musketeer d’Artagnan’s bones were found, research shows
AMSTERDAM, July 2 : A skeleton found beneath a Maastricht church this year could not be conclusively identified as that of famed French musketeer Charles de Batz de Castelmore d’Artagnan, city authorities said on Thursday, with some findings raising fresh questions about the theory.”For now, the true origin o
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Microsoft commits $2.5 billion and 6,000 employees to new AI implementation unit
Microsoft is the latest tech company to form a business focused on helping customers understand and implement artificial intelligence.
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High-end camping and a capital raise: AutoCamp is banking on summer travel to fuel growth
AutoCamp offers Airstream suites, polished cabins, fire pits, design-forward amenities and access to iconic outdoor destinations.
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Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter
Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
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Jeff Bezos’ family office backed five AI startups in June
Bezos Expeditions is now the most active family office investor thus far this year, per data from Fintrx.
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EFTA successfully concludes free trade deal talks with Vietnam
ZURICH, July 2 : The European Free Trade Association said on Thursday it has successfully concluded negotiations with Vietnam on a free trade agreement, as its members seek to diversify commercial relations amid global tensions over tariffs.EFTA, whose members are Iceland, Liechtenstein, Norway and Switzerlan
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