Nokia reported comparable operating profit of €434mn for the second quarter of 2026, up 18% on the same period last year and comfortably ahead of the €382mn that analysts polled by LSEG had forecast. Net sales rose 8% to €4.82bn, or 9% at constant curr…
On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock …
Look at what Alphabet, Microsoft, Amazon, Meta, and Oracle officially owe, and the numbers seem large but manageable. Look off the books, and a second, bigger pile of debt appears. A Nikkei study put that hidden figure at $1.65 trillion, up roughly eig…
Brazil’s instant-payment system Pix has moved from a domestic success story to the centre of a trade fight with the United States, and governments elsewhere are watching how it ends. The dispute hardened in June, when the Office of the US Trade Represe…
PayPal’s board reckons that a $53bn (£39bn) joint takeover approach from Stripe and the private-equity firm Advent International sells the payments pioneer short, the latest twist in a fast-moving round of payments consolidation. People familiar with t…
The most precise figure yet attached to DeepSeek’s worth did not come from the lab, its bankers or its founder. It surfaced in a stock-exchange filing by Anhui Korrun, a Chinese luggage maker, which discloses a stake small enough to imply the Hangzhou …
Goldman Sachs booked $3.4bn in investment banking fees in the second quarter, a record, up 55% on a year earlier. Its chief executive has a name for what is driving it. “We are in the middle of an AI CapEx super cycle where there are demands on financi…
Deutsche Bank, UniCredit, Revolut, Stripe and Adyen made the list. The 12-month trial starts in the second half of 2027, and the money it moves will not be legal tender. The European Central Bank published the list on Tuesday: 36 payment service provid…
Ericsson booked SEK 52.7bn of revenue in the second quarter, down 6% from SEK 56.1bn a year earlier, as weaker patent licensing income and currency movements outweighed growth in a handful of regional markets. The Swedish equipment maker published the …
An investment firm is offering a way to invest in the broad market without owning Elon Musk’s companies. New York-based Subversive ETFs has filed with the SEC for two “Ex-Elon” funds, Bloomberg reports. One fund tracks the Nasdaq-100 and the other the …