HSBC profit flat as Middle East provisions offset wealth growth

    HSBC profit flat as Middle East provisions offset wealth growth

    HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share,…

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    China Halts Fuel Exports as Hormuz Crisis Tightens Global Supply

      Why the Iran Conflict Is Good News for Chinese Automakers

      A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged past $100 a barrel amid…

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      Iran’s Sharp Response To Trump

      Tehran: Tehran has responded to US President Donald Trump’s remark about ending the war in Iran, saying it will be the one who will “determine” when the military actions against American and Israeli targets cease. Iran’s Islamic Revolutionary Guard Corps (IRGC) stressed that equations and the future status of the region are now in the…

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      Smoke rises from a reported Iranian strike in the area where the US Embassy is located in Kuwait City (AFP)

      US’ ‘DEPART NOW’ notice for Americans in UAE, Lebanon, other Middle East nations as tensions escalate | Full list

      The US State Department has called on all American nationals in the Middle East to leave as soon as possible through commercial means days after tensions in the Middle East escalated, following the US-Israel joint attack on Iran. Assistant Secretary for Consular Affairs, Mora Namdar, issued a list of several locations, including the UAE, Saudi…

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      Beijing's foreign ministry urges restraint after Middle East tensions escalate (AFP)

      China finally reacts to raging Iran-US war, says ‘prevent spillover of fighting’

      China on Monday issued its first reaction to the escalating US-Iran conflict, urging efforts to prevent the fighting from spreading further across the region. Beijing’s foreign ministry urges restraint after Middle East tensions escalate (AFP) In a statement, the China foreign ministry said on the Iran conflict: “Prevent spillover of fighting.” “The most urgent task…

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      UAE, Qatar, Kuwait, Bahrain, Oman and Saudi Arabia are in the List to Avoid Travelling for UK Holidayers as Iran Promises to Retaliate, New Update Before You Plan for a Summer Vacation

      UAE, Qatar, Kuwait, Bahrain, Oman and Saudi Arabia are in the List to Avoid Travelling for UK Holidayers as Iran Promises to Retaliate, New Update Before You Plan for a Summer Vacation

      Home » Latest Travel News of Saudi Arabia » UAE, Qatar, Kuwait, Bahrain, Oman and Saudi Arabia are in the List to Avoid Travelling for UK Holidayers as Iran Promises to Retaliate, New Update Before You Plan for a Summer Vacation Monday, June 23, 2025 Just as summer begins, a serious travel alert has thrown holiday plans…

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