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Analysts forecast double-digit growth for companies such as Microsoft, driven by artifical intelligence

All Eyes On AI To Drive Big Tech Earnings

The market generally agrees with this rosy AI narrative. Analysts forecast double-digit growth for heavyweights Microsoft and Google, in contrast to Apple, a latecomer to the AI party, with only three percent growth expected.
A potential takeover of Everton has fallen through

Everton Takeover Talks Called Off

It is the second time this year that Everton have been unable to push through a sale after a deal with Miami-based firm 777 partners also broke down.
A large-scale outage wrought havoc on IT systems, causing travel delays at Sydney Airport

'Large-scale' IT Outage Hits Companies Worldwide

Australia's National Cyber Security Coordinator said the "large-scale technical outage" was caused by an issue with a "third-party software platform", adding there was no information as yet to suggest hacker involvement.
United Airlines sees an 'inflection point' in August as the industry contends with excess capacity that has pressured fares in the United States

United To Trim US Capacity As Profits Rise

United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares.
Ursula von der Leyen's supporters believe she will win EU lawmakers' support for a second term as European Commission president

EU Chief Von Der Leyen Faces Crunch Parliament Vote

The German ex-defense minister has led the European Commission since 2019, the first woman in the role. She has weathered several crises like the Covid pandemic and the war in Ukraine -- and also faced many controversies.
HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive

HSBC Bank Promotes Elhedery To CEO

Keeping with HSBC tradition of promoting from within for the top job, the new boss will take the helm on September 2 as the lender looks to push on with a transformation undertaken by current CEO Noel Quinn, who in April announced his surprise retirement.
Boeing workers in the Pacific Northwest are set to vote to authorize a potential strike if contract talks stumble ahead of a September deadline

Boeing Workers To Vote On Authorization Of Potential Strike

The local represents nearly 32,000 people in the Seattle, Washington, region, with about 30,000 at Boeing plants in nearby Renton, where the US aerospace giant's 737 is assembled, and in Everett, where the 777 is put together. A strike would freeze activity at both factories.
People look at buildings on the skyline from a viewing platform in a mall in Beijing’s central business district

Beijingers Feel The Pinch As Economic Data Disappoints

Chinese authorities on Monday said the country's economy had expanded by just 4.7 percent in the second quarter, some of its slowest progress in years and a sign that official efforts to revive growth were not working.
Swatch is waiting for better days in China, as are most luxury brands given the deepening economic malaise in the world's number two economy

Swatch Profits Plunge As China Luxury Crisis Bites

Known for its brightly colored plastic watches, Swatch also owns a number of luxury brands including Longines, Omega and Tissot, and said it was a drop in demand for upscale products that hurt its performance.
Elon Musk has overhauled X including changing its name from Twitter since his purchase in 2022

Musk's X 'Deceives' Users With Blue Checks, EU Charges

EU regulators are unhappy with the blue badge system under Musk's ownership since anyone can now obtain it with a premium subscription, whereas before it was reserved for verified accounts including leaders, companies and journalists, after approval.

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