Axa has backed its midterm targets despite profit miss Axa has backed its midterm targets despite a first half net profit miss, citing currency fluctuations. Net income at the insurance and asset management giant dipped 2% on the year to 3.9 billion euros. — Jonathan Stayton Pharma giant Bayer hasRead More →
Superyachts in Port Hercules, Monaco. John Lamb | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. American boat buyers andRead More →
Porsche CEO says ongoing challenges are ‘not a storm that will pass’ as profit falls sharply Luxury carmaker Porsche has said that ongoing macroeconomic and geopolitical challenges have led to a sharp drop in profit and sales for the first six months of the year. “We continue to face significantRead More →
Iranian diplomats are meeting their counterparts from Germany, the United Kingdom and France for renewed nuclear talks, amid warnings that the three European powers could trigger “snapback” United Nations sanctions outlined under a previous 2015 deal. The meeting, which is underway in Turkiye’s Istanbul on Friday morning, will be theRead More →
The President of the European Central Bank Christine Lagarde at the 2025 European Central Bank Forum on Central Banking on June 30, 2025 in Sintra, Portugal. Horacio Villalobos | Corbis News | Getty Images The European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as theRead More →
