U.S. private equity giant Blackstone is buying HSBC bank’s Australian portfolio of home and personal loans.
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HERMÈS SHARE PRICE DROPS DESPITE POSITIVE SECOND QUARTER
The share price of luxury firm Hermès plopped down 10 percent on 28 July even though the company reported a modest rebound in sales during this year’s second quarter.
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SHELL OIL REPORTS SECOND-BEST QUARTER EVER
British energy giant Shell Oil posted $9.8 billion in adjusted earnings in the second quarter, beating analysts’ forecast of $8.9 billion and more than doubling the $4.3 billion from a year earlier.
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MERCEDES TRIMS 2026 REVENUE FORECAST
Mercedes-Benz lowered its 2026 revenue forecast last week, saying revenues would come in “slightly” below last year’s figure of €132.2 billion. Earlier, the company had forecasted this year’s revenue would be about the same as last.
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CHINESE STUDENTS FLOCK TO PUBLIC-SECTOR JOBS
Despite China’s world-class tech economy, more high-school graduates are choosing to pursue careers in the military, police, or other public service agencies.
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EUROZONE SQUEEZES OUT 0.4-PERCENT SECOND-QUARTER GROWTH
In this year’s second quarter, the economy of the 21-member Eurozone eked out 0.4-percent growth despite the Iran War’s energy price shock.
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RUBIO SAYS THERE HAS BEEN PROGRESS IN TALKS WITH IRAN, SENDING OIL PRICES LOWER
Marco Rubio, the secretary of state, told reporters on Tuesday that there has been progress in negotiations between the U.S. and Iran to reopen the Strait of Hormuz, but said the deal has not been finalized.
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FASCISM: TRUMP PAYS CLOSE ATTENTION TO COMPANIES THAT CUT CHECKS FOR HIM
President Donald Trump keeps a close eye on what companies have been cutting checks for his fundraising operations and will frequently ask his top fundraiser for updates on the amount of money that has been given, according to an article Sunday in The Wall Street Journal.
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WHEN ALL ELSE FAILS, THEY TAKE YOU TO WAR: MERZ SEES APPROVAL RATING PLUMMET, RESHUFFLES CABINET
Friedrich Merz, the warmongering German chancellor, has seen his approval rating hit 18 percent, which WSWS noted is the lowest rating recorded for a sitting chancellor since 1998 – when these polls first started.
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ISRAEL CARRIES OUT NEW ATTACKS ON LEBANON, SYRIA…NOT “NEWS” FOR PRESSTITUTE MEDIA
The IDF has escalated attacks on southern Lebanon and Syria over the weekend, drawing criticism from these countries, as Israel’s latest aggression has been widely ignored by the Western media.