
UK Housing Market Slows Amid Tax Hike Concerns
Feb 17, 2025 03:31 am UTC| Business Real Estate Economy
The surge in asking prices for newly listed homes in the UK has eased ahead of an upcoming property tax increase, according to Rightmoves latest survey. The property platform reported that average asking prices rose by...

Iraq's Central Bank Bans Five More Banks from U.S. Dollar Transactions
Feb 17, 2025 03:28 am UTC| Central Banks Business Politics
Iraqs central bank will prohibit five additional local banks from U.S. dollar transactions after meetings with U.S. Treasury officials to combat money laundering, dollar smuggling, and financial violations. This follows...

Westpac Reports Higher Q1 Profit Amid Loan Growth, Awaits RBA Rate Cut
Feb 17, 2025 03:27 am UTC| Business
Westpac Banking Corp, Australias second-largest mortgage lender, posted a first-quarter net profit of A$1.7 billion ($1.08 billion) for the three months ended December 31, up from A$1.5 billion a year earlier. However, the...

HSBC Investors Support Investment Bank Cuts Amid Strategic Shift to Asia
Feb 17, 2025 03:27 am UTC| Business
HSBC investors are backing CEO George Elhederys decision to shut parts of its investment bank in the Americas and Europe, aligning with the banks strategic focus on Asia. Four shareholders, including two of HSBCs top 20...

Perpetual Ltd Confirms KKR Buyout Offer Amid Uncertainty
Feb 17, 2025 03:26 am UTC| Business
Australias Perpetual Ltd has confirmed receiving a revised buyout offer from private equity giant KKR Co (NYSE: KKR), but stated that recent media reports inaccurately described the proposal and its value. The deal,...

Apple-Alibaba AI Partnership Fuels Growth for Tech Giants
Feb 17, 2025 03:26 am UTC| Technology Business
Apple (NASDAQ:AAPL) has partnered with Alibaba (NYSE:BABA) to advance its AI strategy in China, marking a significant milestone, according to Wedbush analyst Daniel Ives. The collaboration, along with Baidu (NASDAQ:BIDU),...

Why ‘low carbon’ roses are flown around the world
Feb 16, 2025 10:46 am UTC| Insights & Views Business
As you read this, planes full of roses are heading from east Africa and South America to almost every corner of the world. If you buy someone a rose this Valentines Day, it may be in the air right now or perhaps in a...