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Tuesday, October 21, 2025

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Finance

Mediobanca Granted ECB Approval to Pursue Banca Generali Acquisition Amid Intense Banking Rivalry in Italy

It was announced that Italy’s prominent merchant bank, Mediobanca, had been granted approval by the European Central Bank to proceed with the acquisition of...

Pound Strengthens Amid Global Tariff Tensions and UK Economic Uncertainty

The British pound was reported to have gained ground on Tuesday, bolstered by shifting investor sentiment following the announcement of new U.S. tariffs on...

Bajaj Finserv Sets Ambitious Growth Target Amid Rising Economic Optimism in India

India’s prominent non-banking financial services provider, Bajaj Finserv, is believed to have revised its customer acquisition goals upwards, with a new target of reaching...

Muted Optimism: UK Economic Growth Forecast Remains Subdued Amid Tariff Concerns and Rate Expectations

Expectations for the British economy have remained relatively steady, with a modest growth rate of 1% projected for the year 2025. This outlook was...

Nigeria Secures $652 Million China Loan for Strategic Infrastructure Corridor

It has been disclosed that the Nigerian government has authorized a $652 million funding agreement from the Export-Import Bank of China to support the...

US Treasury Expands Electric Vehicle Tax Credits for Leased Vehicles, Ignites Debate on International Assembly Eligibility

The U.S. Treasury Department's recent decision to extend electric vehicle (EV) tax credits to leased vehicles has stirred up discussions about the eligibility of...

Rishi Sunak Becomes UK Prime Minister, Vows to Navigate Economic Crisis and Restore Trust in Politics

In a remarkable turn of events, Rishi Sunak has assumed the role of Britain's third prime minister within the span of two months. As...

American Express Surpasses Expectations: Strong Q4 Results and Positive Outlook Amid Pandemic Challenges

American Express Co has surpassed market expectations in its quarterly profit results, showcasing its resilience as consumers embrace its credit card offerings for dining...

UBS Ventures into Future of Wealth Management with $1.4 Billion Wealthfront Acquisition

Swiss banking behemoth UBS has unveiled its plans to acquire Wealthfront, a prominent automated wealth management provider centered on the U.S. market. The deal,...

Australian Cartel Lawsuit Against Global Banks Ends in Stunning Withdrawal: Re-examining Financial Accountability and Regulatory Boundaries

In a surprising twist that has sent shockwaves through the financial and legal spheres, Australia has decided to withdraw a high-profile cartel lawsuit against...

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