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Royal Bank of Canada on Wednesday reported higher fourth-quarter profits than it did last year, exceeding analyst expectations.

U.S. officials are urging telecommunication companies to boost network security following a Chinese hacking operation that gave officials in Beijing access to the private texts and phone conversations of Americans

The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year

Pete Hegseth, President-elect Donald Trump’s pick to lead the Department of Defense, once shouted at a bar 'kill all Muslims' in a drunken state. The former Fox News host once drunkenly shouted “kill all Muslims!” in the middle of a bar while serving as the president of a veterans’ group, according to a report in The New Yorker. Pete Hegseth was pushed out as the head of two veterans' advocacy organisations amid internal allegations of mismanagement and personal misconduct. The two non-profit advocacy groups — Veterans for Freedom and Concerned Veterans for America — both led by Hegseth have the recording apart from other evidence of financial mismanagement and inappropriate sexual advances, according to the report. Reacting to the fresh claims, Hegseth's lawyers said these outlandish claims must have come from a «petty and jealous disgruntled former associate».

Gold prices were steady on Wednesday as safe-haven demand countered a slight recovery in the U.S. dollar while markets await U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for clues on the U.S. central bank's policy outlook, as per a Reuters report. Spot gold was steady at $2,644.48 an ounce by 1100 (GMT). U.S. gold futures were down 0.1 per cent at $2,666.30, Reuters reported. The dollar index reflected strength that makes dollar-priced bullion costlier for buyers with other currencies.

Bank of America is betting heavily on behalf of the American economy as it has claimed that the US economy is poised for solid growth in the coming year, with chances that the annualized rate of economic growth could surge to 2.4% in 2025, instead of the usual 2% every other year, according to a Bloomberg report. The US economy-related predictions from Bank of America comes in even after there are growing concerns about Donald Trump's economic policies which are reportedly inflationary in nature. The various campaign promises about illegal immigration, imposing tariffs on foreign imports, along with tax cuts for corporations, could all pile up and generate a condition for an epic inflation in the American markets in 2025, according to many market experts. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult

Swiss Re Institute report «Changing climates: the heat is (still) on», the Philippines and the US are the most economically vulnerable among 36 countries analyzed. This vulnerability is driven by the increasing severity of weather-related catastrophes like floods and tropical cyclones.

Rishi Sunak and his wife, Akshata Murty, are believed to be in talks to set up a new private office in the new year to make a positive contribution to Britain, according to a UK media report on Wednesday. 'The Times' newspaper reports that Sunak and Murty, both 44 and with a combined estimated fortune of around GBP 500 million, are to fund the so-called «Office of Akshata Murty and Rishi Sunak» themselves. While the couple are still deciding on the focus of the new initiative, both are said to be passionate about education and likely to incorporate that among its goals.

climate risk assessments are critical for business organisations and the finance function, including the CFOs and finance teams, are key to this transformation, says a report by the Association of Chartered Certified Accountants. As business leaders have to be adequately equipped to deal with disruptions due to climate-related events, the report also has tool kits for finance teams to build resilience skills in areas of scenario testing, crisis management planning and business continuity plans. Key insights

In its annual results published today (4 December), the FGT board said the trust did not take its continued support from clients «for granted» and said so far «no shareholder has expressed to us any appetite for a material change in [investment] approach». Lindsell Train investment trust attempts to improve ailing share price as Nick Train backs data and tech News about the continuation vote came as the trust announced its annual results for the year to 30 September 2024 which reported that FGT's discount had widened to 8.7% in FY 2024, up from 4.4% in the same period a year prior. ...

Subscribe to enjoy similar stories. Passenger vehicle (PV) sales, which have been struggling to maintain momentum throughout 2024, experienced yet another setback in November following the festive season-led surge, according to a Mint analysis of vehicle-registration data from the ministry of road transport and highways’ Vahan portal. PV sales contracted 7.6% year-on-year, with registrations dropping to 400,746 units in November from 433,677 units a year ago, showed the data.

Subscribe to enjoy similar stories. The global economy is set to grow at slightly a faster pace next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits, the Organization for Economic Cooperation and Development said Wednesday. In a quarterly report, the Paris-based research body said it now expects the world economy to grow by 3.3% next year, a pickup from the 3.2% rate of expansion it estimates for this year.

SmartPrix, the IMEI database has listed three unannounced smartphones with model numbers A001, A059, and A059P. Based on Nothing's past naming conventions, the model number A059 is believed to correspond to the Nothing Phone (3a), while A059P could represent the Nothing Phone (3a) Plus. The “P" suffix likely signifies the Plus variant.

FOX Business correspondent Gerri Willis speaks with real estate agent Lizette Sinhart on persistent housing hurdles.

He will lead the sales team to drive new business growth, manage relationships with GAM's key clients and will report to global head of client solutions Rossen Djounov. Williams was previously at Amundi Asset Management, where he spent five and a half years driving active fund sales in the UK. Prior to that, he was head of fund sales for the UK and Middle East at Alquity Investment Management. GAM Star Continental European Equity fund stripped of Square Mile rating amid Niall Gallagher departure He said GAM was a «hidden gem» due to its «compelling product set», specialist expertis...

Star Cement on Wednesday dismissed reports suggesting that Adani Group’s Ambuja Cement is evaluating a potential acquisition of the company to expand its presence in the North East. The company labeled the claims as speculative and clarified that no such discussions are underway. In a filing to the stock exchanges, Star Cement stated, “With reference to the news item that appeared in ‘Money Control,’ we hereby clarify that the above-mentioned news item is speculative, and the company is not engaged in any discussions in this regard.” The company further emphasised its commitment to regulatory compliance, saying, “We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.”

Century Real Estate has reported a stellar 2X year-on-year (YoY) growth in sales, achieving ₹1,040 crore in the first half of FY 2024-25. With a strong pipeline of new launches in prime locations, the company is eyeing ₹2,000 crore in sales for the fiscal year. Mahesh Prabhu, CEO of Century Real Estate, said, “Our growth is a testament to our unwavering focus on embellishing Bengaluru’s skyline with world-class developments. At Century, we believe our people are our greatest asset. Their innovation and expertise are driving our vision forward as we bring our prime land banks into new developments. These upcoming launches will offer unmatched locations, world-class homes, and top-tier amenities." Century Real Estate posted its highest-ever quarterly sales of ₹507 crore in Q2 FY25. Key pre-launch projects, Codename Built Rare and Codename Unbelievable, collectively generated over ₹700 crore in sales during H1 FY25, even before their official launches. Codename Built Rare alone contributed ₹450 crore, reflecting strong demand for luxury residences in premium areas like Indiranagar.

Trump reportedly suggested to the Canadian PM that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, according to Fox News sources. Trudeau and other officials nervously laughed at Trump's joke. Trump was joking when he suggested Canada become the 51st U.S. state during a dinner with Justin Trudeau, a Canadian minister who attended their recent dinner said Tuesday.

Sabrina Carpenter and actor Barry Keoghan have allegedly decided to part ways. The couple began dating about a year back and now the reports about their split have left their fans in dismay. According to reports, the couple has decided to take a break from the relationship to prioritise their careers. Meanwhile, fans are speculating that Barry Keoghan may have cheated on the Please Please Please singer. According to reports by the PEOPLE, the pair have ended their romantic relationship for now, approximately a year after they began dating. Both Carpenter, 25, and Keoghan, 32, are said to be prioritizing their careers, leading them to mutually agree on taking a break. Representatives for the stars have not provided any comments regarding the split. Meanwhile, fans on social media have been speculating that Barry Keoghan may have cheated on the singer. One user on X believes that Barry Keoghan might have been unfaithful to Sabrina Carpenter, noting that the actor often appears to have a work-heavy schedule as a reason he struggles with serious relationships. They also advised celebrities to avoid getting involved with influencers or reality TV stars.

Rahul Bothra, CFO, and Sriharsha Majety, MD & Group CEO, Swiggy, in conversation with ET Now post announcement of Q2 results. Bothra says while some of Swiggy competitors have been raising funds, that is mostly defensive capital. Swiggy has a very strong balance sheet with Rs 8,000 crore plus cash balance existing with us. They have a profitable food delivery business that continues to accrue cash into the treasury and the quick commerce business, which is expected to turn profitable in six to seven quarters and for which they have a substantial cash balance. So, there are no near-term fundraising plans. On the overall consolidated EBITDA loss and the net loss, which has widened on a sequential basis, what is adding to the pressure on the bottom line and when can we expect the loss to start narrowing? Rahul Bothra: If you look at our overall numbers, we have improved our adjusted EBITDA by 30% in our B2C GOV businesses over the last year with an improvement of Rs 147 crore.

Bharti Airtel, India’s second largest telco, has awarded a multi-billion deal to Swedish telecom gear maker Ericsson for extension of 4G and 5G contracts. “As per the new contract, Ericsson will deploy centralized RAN and Open RAN-ready solutions for network transformation which will help customers with wider coverage and enhanced capacity on the network. Ericsson will also undertake the software upgradation of its current deployed 4G radios thereby enhancing the customer experience,” the companies said in a joint statement Wednesday. ET had reported last month that the telco had likely finalised renewals worth $1.2 billion (about Rs 10,000 crore) with Ericsson, Nokia and Samsung and placed purchase orders for new 4G and 5G equipment.