BUSINESS

Tech titan Tencent is among the many companies swept up in China's crackdown across multiple industries

China's Crackdown On Its Biggest Companies

With market-trembling new rules and investigations, Beijing's crackdown on its most prominent companies has seeped into nearly every aspect of modern life, wiping billions of dollars from Chinese and Hong Kong-listed stocks and bamboozling investment sages.
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Deutsche's bottom line was boosted by lower provisions for credit losses as the recovery from the pandemic lowers the risk borrowers will default on their loans

Deutsche Bank Lifts 2022 Target After Profits Jump

Germany's largest lender Deutsche Bank raised its 2022 revenue target Wednesday after posting a better-than-expected net profit for the second quarter, even as it took a hit from an unfavorable court ruling on banking fees.
Barclays again stressed its commitment to achieve net zero carbon emissions across its investments by 2050.

Barclays Banks Surging First-half Profit

British bank Barclays said first-half net profits surged on lower-than-expected credit losses, as the global economy shows signs of recovery from the pandemic.

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