Business

Fiserv’s stock drops as the company goes through another bruising ‘reset’

The financial-services company cut its full-year outlook and acknowledged that organic revenue growth could be negative for 2026.

Inheriting a home can leave siblings with financial headaches — how to avoid costly mistakes

Siblings inheriting a home can face difficult choices over selling, renting or keeping the property.

Megayacht Amadea sold for $187 million to Dubai billionaire with Trump ties

The sale of the Amadea caps a turbulent and controversial history for the 348-foot yacht, which was seized from a sanctioned Russian oligarch.

DeepSeek Plans AI Price Hike; Google Reshuffles AI Leadership | Bloomberg Brief 08/06/26

US equity futures waver as a tech-led rally loses momentum ahead of Friday's payrolls report. DeepSeek plans to implement a significant price increase across its AI services, while Google shakes up its AI leadership. Kelsey Berro of…

Microsoft opens its largest India data center hub as AI race heats up

DBS CEO says AI is beginning to contribute to fee income growth

CEO Tan Su Shan tells CNA the bank is seeing early business benefits from artificial intelligence, with the technology helping relationship managers generate ideas for clients and increase transaction activity.

Standard Bank’s Kenya Unit to Double Retail Footprint by 2029

Standard Bank Group Ltd.’s Kenyan unit plans to double its retail footprint across the East African nation in three years as the continent’s biggest lender seeks to capture more clients and revenue.

Lufthansa breaks ground on largest PH investment yet

MANILA, Philippines — Aircraft maintenance giant Lufthansa Technik Philippines will begin constructing a new maintenance, repair and overhaul (MRO) facility in Clark, its largest investment in the Philippines to date. The project will rise…

Tanzania: Textile Investment Helps Tanzania Close Its Manufacturing Gap

[Bird Story Agency] Tanzania produces more cotton than its textile industry can process, exporting most of its lint while garment factories and fashion designers import fabric. New investment could help close this industrial gap, creating…

Summer bonuses average record ¥1.04 million among major Japan firms

Large companies in Japan have seen five consecutive years of bonus growth.

Wall Street Bulls Flock to S&P 500 Calls as Rally Broadens

Traders can’t get enough of options betting on more gains in the S&P 500 Index, a gauge that has for months been in the shadow of its more volatile rival, the Nasdaq 100.

Low Hydropower Stocks in Europe Threaten High Prices for Months

Repeated heat waves and droughts this summer have put Europe’s power system on high alert, with shrinking hydro reserves in key markets threatening to drive electricity prices higher later in the year.