Bloomberg Hungary was forced to cancel a meeting of central European defense ministers after two of its closest allies in the European Union pulled out in response to Prime Minister Viktor Orban’s limited support for Ukraine. Hungary was due to host the defense chiefs of the so-called Visegrad Group in Budapest for a two-day meeting starting Wednesday. The event ...

  Bloomberg Brazilian President Jair Bolsonaro was released from the hospital early Tuesday, less than 12 hours after being admitted due to abdominal discomfort. Local TV news network GloboNews showed images of a presidential convoy of cars leaving the hospital on Tuesday in Brasilia as part of its report of the discharge. While the government didn’t immediately provide additional details ...

  Bloomberg Bank of China Ltd. reported its biggest profit increase in almost a decade last year as lending momentum recovered in the second year of the pandemic and a build-up in bad loans eased. Net income jumped 12.3% from a year earlier to 216.6 billion yuan ($34 billion) in 2021, the lender said in a filing. That beat a ...

  Bloomberg UBS Group AG is laying off equity capital markets bankers because of a sharp decline in revenue after a slowdown in deal-making across the industry, according to people familiar with the matter. The Swiss firm began laying off a handful of bankers in equity linked and capital markets in Europe and Africa this month, the people said, asking ...

  Bloomberg European banks could earn almost 6 billion euros ($6.6 billion) in annual revenue from financing the transition to a more sustainable economy, according to their top regulator. “The balance sheet choices banks will make about green and non-green assets will materially impact their bottom lines,” said Andrea Enria, who leads the European Central Bank’s supervisory board. “Consumers and ...

  Bloomberg Barclays Plc expects to take a 450 million-pound ($591 million) hit and will delay a share buyback until the second quarter after issuing about $15 billion more structured notes and exchange traded notes than it had registered for sale. Barclays Bank Plc, the subsidiary that holds the lender’s corporate and investment bank, has determined that “securities offered and ...

  Bloomberg NatWest Group, the British bank will no longer be mostly owned by the UK government after it bought back nearly 5% of its shares in an off-market deal. The sale of the stake for £1.2 billion takes government’s shareholding to about 48%, and ends more than a decade of majority state ownership of the bank The UK government’s ...

Bloomberg Tesla Inc added about $84 billion to its stock-market value, more than Ford Motor Co.’s entire market capitalisation, after the electric-vehicle maker said it is planning a second stock split in about two years. Stocks splits for large companies have returned to the spotlight recently with Amazon.com Inc. saying earlier this month that it will do a 20-for-1 stock ...

Bloomberg Stocks rise on Tuesday as cease-fire talks between Russia and Ukraine helped fuel risk appetite. The Stoxx Europe 600 Index advanced, with auto and consumer stocks outperforming. US equity futures climbed after benchmarks rose for a third session. Oil reversed earlier declines as investors weighed the impact of China’s mobility curbs against a Covid-19 resurgence on demand. Government bond ...

  Abu Dhabi / WAM UAE’s Federal Authority for Nuclear Regulation (FANR) has convened national and international experts to discuss the current situation of the global nuclear non-proliferation as well as nuclear import and export control systems in a three-day forum. Titled “Nuclear Non-Proliferation Forum: Emerging Challenges & Opportunities in the 21st Century”, the forum brings together national and international ...