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30.07.2025 9:00
Saudi Arabia and MBS are Far From Breaking Their Reliance on Oil Around a decade ago, Saudi Arabias now Crown Prince Mohammed bin Salman said the kingdoms economy would be able to survive without oil by 2020, a claim he linked to huge investments aimed at steering the country into a new era. Today, key indicators show the government remains just as reliant on petrodollars, if not more so.

30.07.2025 10:00
Worldline Books 4.1 Billion Impairment Tied to Merchant Arm French payments provider Worldline SA booked a 4.1 billion ($4.7 billion) impairment tied to its merchant services business in the second quarter, reporting earnings for the first time since facing allegations the company ignored warnings of fraud.

30.07.2025 10:06
UK to Recognize Palestine If Israel Doesnt End Gaza War Prime Minister Keir Starmer said the UK would formally recognize a Palestinian state by the United Nations General Assembly in September if Israel does not stop its war in Gaza. The British premier is seeking to show hes seized of the issue after domestic pressure ratcheted up for him to recognize Palestine. Last week, French President Emmanuel Macron said he would formally endorse Palestinian statehood at the UN gathering. Bloombergs Bill Faries breaks down the situation and what effect Starm

30.07.2025 10:32
Gucci Sales Tumble as Kering Label Faces Design Change Gucci sales plunged as shoppers turned away from Kering SAs largest brand. Revenue at the Italian label dropped 25% in the second quarter on a comparable basis, and overall Kerings sales tumbled 15%. Bloombergs Angelina Rascouet reports.