Samsung, SK Hynix Investors Demand Higher Shareholder Returns Amid AI-Driven Cash Boom
Seoul: Shareholders of South Korea’s leading memory chip manufacturers, Samsung Electronics and SK Hynix, are calling for significantly higher dividends…
Business
Michael Page Reports Higher Interim Profit as Asia-Pacific and Americas Drive Growth
London: British recruitment firm Michael Page reported a sharp increase in first-half pre-tax profit, with strong performances in the Asia-Pacific…
BP Profit More Than Doubles as Iran Conflict Drives Oil Price Surge
LONDON: British energy giant BP reported a sharp increase in second-quarter earnings after higher global oil and gas prices, fuelled…
Shein Targets $30–40 Billion Valuation for Hong Kong IPO This Month
HONG KONG: Global fast-fashion retailer Shein is seeking a valuation of between $30 billion and $40 billion for its planned…
Apple Launches Legal Challenge Against UK Government Over Encrypted Data Access Demand
LONDON: Apple has launched a new legal challenge against the UK government’s demand for access to customers’ encrypted iCloud data,…
UK Electric Vehicle Sales Surge in July, Exceed Government Target Path
LONDON: Sales of battery electric vehicles (EVs) in the United Kingdom rose sharply in July, surpassing the trajectory required under…
Pakistan’s “The Gulf Observer” Joins Cultural Colors – Season 5 by Niftysphere as Official Media Partner
Islamabad: One of the Pakistan’s top news media website The Gulf Observer has announced its official media collaboration with Cultural…
UK Could Slip Into Recession if Strait of Hormuz Remains Closed, EY Warns
LONDON: The United Kingdom could enter a recession in 2027 if the Strait of Hormuz remains closed to commercial shipping…
Trump’s Push for Lower Interest Rates Faces Market Headwinds Ahead of U.S. Midterm Elections
WASHINGTON: U.S. President Donald Trump’s campaign to secure lower interest rates as a catalyst for stronger economic growth is facing…
Sterling Gains Against Euro but Slips Versus Dollar Ahead of Bank of England Rate Decision
LONDON: The British pound strengthened against the euro but weakened versus the U.S. dollar on Thursday as investors awaited the…