#Singapore #DBS hits record high on #Profit rise, better forecast Q4 net profit rose 10% to S$2.62 billion (USD 1.93 billion), up from USD 2.39 billion in 2023. It was driven by higher net interest income and robust performance of #WealthManagement division.

#China #BYD to sell 21 models with its #GodsEye #SmartDriving tech While the company unveiled three different tiers of the system, each designed to cater to the various brands under the BYD umbrella, specific details were not disclosed.

#nokia picks #Intel AI and #DataCentre leader #JustinHotard as new CEO Hotard is currently the executive vice-president and general manager of Data Center & AI Group at Intel, according to the chipmaker's website.

#ElectricTruck maker #Nikola nears #bankruptcy filing The Arizona-based business has been struggling to raise funds and its cash balance has dwindled as it continues to lose hundreds of thousands of dollars for every unit sold.

#BP shares hit highest since August 2024 on news of #ElliottManagement building stake By 0808 GMT, the shares were up 6.6% to 461.55 pence per share, on track for their biggest daily gain since February 2023.

#Egypt annual #inflation rate inches down to 24% in January 2025 Food and beverage prices were up by 20.2%, transport by 33.6%, and entertainment by 48% on an annual basis, stated data from statistics agency CAPMAS.

#GOLD hits record high as new #steel and #aluminium #tariff announcement rattles markets The spot price of gold has risen by 1% in early trading to USD 2,892 per ounce, above the previous record high set last Friday.

#airbus postpones development of new #HydrogenAircraft As per the Force Ouvriere union, the technology was running five to 10 years behind the pace needed to support the original 2035 target.

#AfricanUnion to establish its #CreditRating agency The #AfricaCreditRatingAgency will provide independent, credible, and African-owned credit ratings for sovereigns, sub-sovereign and corporates.

#DonaldTrump to announce 25% #Aluminum and #steel #tariffs amid #Tradewar against #China Beijing has already imposed retaliatory tariffs, targetting USD 14 billion worth of products with a 15% tariff on coal and LNG.

UAE non-oil sector growth challenges UAE's non-oil sector grows strongly but faces capacity issues, backlog pressures, and declining business confidence. Read more: #internationalfinance #uae #nonoilsector #businessgrowth #economicupdate #pmi

#Malaysia #Petronas to "rightsize" workforce to ensure "long-term survival" Malaysia expects lower #oilandgas output in 2025 due to the planned shutdowns of some production facilities for maintenance and easing demand in some export markets.

Carmaker #Stellantis and #MistralAI expand their AI strategic partnership Many carmakers are increasingly using AI to analyse customer feedback, manufacturing quality and to speed up the time needed to develop new products.

#Porsche shares slide after automaker issues #profit warning for 2025 The venture said it would take an 800 million euro (USD 830.8 million) hit on operating profit as it invests in new models with combustion engines and plug-in hybrids.

#newsmakeroftheday @honeywell to split after pressure from Elliott Management The company will separate its aerospace and automation businesses, alongside its previously announced spin-off of the advanced materials unit. #internationalfinance #honeywell #businesssplit

#Tesla increases #ModelX prices by USD 5,000 in the #UnitedStates Additionally, the price of the plaid variant of the Model X has been raised to USD 99,990 from its earlier cost of USD 94,990.

Emirates Hills: Dubai’s Luxury Haven Dubai’s Emirates Hills attracts investors with ultra-luxury villas, world-class amenities, architectural excellence, and sustainable green technologies. Rad more: #internationalfinance #dubairealestate #emirateshill

Congratulations to @DYBankasi on winning 'Best Sovereign Islamic Deal – Türkiye 2024' and 'Best Green Financing Deal – Türkiye 2024' at the @IntlFinanceMag Awards 2024! This remarkable achievement reflects your excellence and innovation in the finance sector.

#newsoftheday Dubai's GDP expands by 3.1% in first nine months of 2024 The wholesale and retail trade sector reached AED83.12 billion in the first three quarters of 2024, recording a growth of 2.9%. #internationalfinance #dubai #gdpgrowth #wholesaleandretailtrade

#Dubai #property sales hit USD 12.09 billion mark in January 2025 Land sales for the month showed the biggest increase, with 811 plots, a 151.9% month-on-month leap in volume, selling for AED8.6 billion.