HSBC to close all branches and pull out of Australian retail banking market
HSBC is closing all 19 of its Australian branches and exiting retail banking over the next 18 months, selling its mortgage and loan portfolio to Blackstone.
UK manufacturing growth picks up as Trump tariff chaos eases
UK manufacturing output grew for the fourth consecutive month in July at the fastest pace in nearly two years, though geopolitical tensions and Middle East concerns weighed on business sentiment.
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
Visa is acquiring cybersecurity firm BioCatch for $2.4 billion to strengthen fraud detection capabilities as financial institutions face rising threats from AI-powered scams and account takeovers.
FAA clears smallest Boeing 737 Max to fly after years of delays
The FAA has certified Boeing’s 737 Max 7 aircraft after nearly a decade of delays following fatal crashes and safety issues. Airlines like Southwest can now begin flying the smallest model in the bestselling family.
YES Network, MSG Networks to exit Gotham app for DAZN streaming service
YES Network and MSG Networks are transitioning their streaming services from the Gotham app to DAZN, affecting coverage of New York-area professional sports teams.
Bank of England holds interest rates at 3.75% as inflation fears mount
The Bank of England maintained interest rates at 3.75% while cautioning that escalating Middle East conflict could push inflation above 4% next year, complicating household finances.