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US bank profits dip as lenders rebuild loss cushions
U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion. This is because larger firms grew their loan loss provisions...
Financial risks of climate change overplayed
Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, said a senior HSBC banker in charge of sustainable...
Tesla brand threatened by Musk harassment claim
Elon Musk has made a name for himself and Tesla by breaking the rules, but the billionaire's latest comments on politics and a claim...
Ericsson to restructure operations
Ericsson laid out plans to restructure its operating units to focus on mobile infrastructure and business customers, and announced that two senior executives will...
China in talks with automakers on EV subsidy extension
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022. This is by...