Business

Energy shock delivers 144% boost in profits for BP

The British oil giant reported net profit of $5.7 billion in the second quarter, surpassing Wall Street consensus.

Intervention Efforts Failing to Turn Tide for Yen

Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)

BlackRock Overweight AI Despite Higher Risks, Li Says

"We have not changed our conviction in the overall AI thesis," BlackRock Global Chief Investment Strategist Wei Li tells Bloomberg Television. She adds that risks of commoditization and capital capacity have risen in recent weeks. "We're…

Hong Kong June retail sales rise 4.6%, seem support from visitors growth

EU net gas injection tops 32 bln cubic meters ahead of winter

Europe has so far managed to inject only 47% of the volumes required for the upcoming winter

MediaTek-Backed African Fintech PalmPay Eyes Hong Kong IPO

Africa-focused fintech PalmPay Ltd., valued at more than $1 billion in an ongoing funding round, is preparing for a potential Hong Kong initial public offering, according to people with knowledge of the matter.

Domestic tourism in Russia to stay unchanged year-on-year in 2026 — minister

Maxim Reshetnikov noted that domestic travel is expected to reach 140 million trips annually by 2030

Japan may not have intervened in FX market on Monday despite yen's surge, BOJ data suggests

Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners Business live – latest updates Campaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy…

Wildberries building about 260,000 sq m of warehouses in Kazakhstan — Trade Ministry

Arman Shakkaliyev clarified that construction of the company's warehouses in Kazakhstan had been underway for several years

BP profits highest in four years as Iran war pushes up oil price

Higher oil prices boost the energy giant's results while environmental groups accuse it of profiteering.

Toyota plans $6.3bn buyback as weak yen boosts outlook

World’s biggest carmaker expects to sell more than 5mn hybrid electric vehicles this year