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Finance

Finance

British challenger bank Monzo’s profit soars, revenue tops $1.35 billion

Bermuda Broadcasting Newsdesk -
Monzo CEO TS Anil said the bank was planning to expand into more countries this year International news via Reuters: Monzo reported revenue above 1 billion...
Finance

Microsoft to invest $400 million in Switzerland on AI, cloud computing

Bermuda Broadcasting Newsdesk -
The U.S. tech company announced the investment at a meeting of Swiss Economy Minister International news via Reuters: Microsoft will invest $400 million in Switzerland, the...
Finance

Swiss economic growth surges as firms race to beat U.S tariffs

Bermuda Broadcasting Newsdesk -
The Swiss Purchasing Managers' Index fell by 3.7 points to 42.1 in May International news via Reuters: The Swiss economy grew by 0.8% in the first...
Finance

HSBC to inject $4 billion into its private credit funds

Bermuda Broadcasting Newsdesk -
HSBC AM's private credit unit is playing catch up against more-established players International news via Reuters: Europe's biggest bank HSBC will inject $4 billion into its...
Finance

UK to expand submarine fleet in shift to ‘warfighting readiness’

Bermuda Broadcasting Newsdesk -
Keir Starmer has sought to cast the higher defence spending as a way to create jobs and wealth International news via Reuters: Britain will expand its...
Finance

(VIDEO) China rejects Trump’s accusation that it breached Geneva trade deal

Grae Minors -
Beijing and Washington agreed in mid-May in Geneva to pause triple-digit tariffs for 90 days International news via Reuters: China said on Monday that U.S. President...
Finance

Lutnick downplays impact of tariff court ruling on US, EU talks

Bermuda Broadcasting Newsdesk -
Trump in late May threatened 50% tariffs on all European goods by July 9 International news via Reuters: U.S. Commerce Secretary Howard Lutnick downplayed the impact...
Finance

(VIDEO) EU threatens countermeasures over Trump’s steel tariffs hike

Bermuda Broadcasting Newsdesk -
Canada's United Steelworkers union called the tariffs a direct attack on Canadian industries International news via Reuters: The European Commission said on Saturday that Europe was...
Finance

UK faces choice next week between health and other spending, IFS think tank warns

Bermuda Broadcasting Newsdesk -
Non-investment public spending is intended to rise by 1.2% a year on top of inflation International news via Reuters: British finance minister Rachel Reeves' key decision...
Finance

Second man charged in violent New York kidnapping crypto case appears in court

Bermuda Broadcasting Newsdesk -
Local media described the victim as a cryptocurrency investor and being of Italian-descent International news via Reuters: William Duplessie, one of the two men charged in...
Finance

HSBC to disband US unit serving small and medium-size businesses, WSJ reports

Bermuda Broadcasting Newsdesk -
HSBC did not immediately respond to a Reuters request for comment International news via Reuters: HSBC is disbanding a division that serves small and medium-size companies...
Finance

Ukraine to default on payment to GDP warrant holders

Bermuda Broadcasting Newsdesk -
Ukraine's economy cratered after Russia's full-scale invasion in 2022, falling close to 30% International news via Reuters: Ukraine's finance ministry said on Friday it would not...
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