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October 30, 2024

Swiss investment bank UBS announces $1.43B profit in Q3

BERLIN : Switzerland’s largest bank UBS Group AG announced a $1.43 billion in profit in the third quarter of the year on Wednesday, well above the estimated $740 million.

The high profit was attributed to the bank’s cost reduction efforts and increas…

Alphabet sees income, revenue growth with AI surge

ISTANBUL: Alphabet saw income and revenue growth in the third quarter, according to a financial results statement released late Tuesday.

Google’s parent company posted revenues of $88.3 billion for the quarter that ended Sept. 30, up 15.1% from appro…

German economy expected to shrink this year, stagnate in 2025

BERLIN: The German Chamber of Commerce and Industry (DIHK) lowered its growth forecast for Germany’s economy from 0% to minus 0.2% for 2024 due to a persistent structural crisis.

The DIHK in a statement Tuesday said it also expects the economy to sta…