QIA, JP Morgan announce partnership as wealth fund eyes overseas expansion
The strategic partnership will include a USD 15 billion public equities mandate, that will support QIA's long-term investment objectives
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Chipmaker Altera confidentially files for US IPO, eyes raising over USD 2 billion
Altera is known for making programmable chips used in data centers, telecom networks, AI applications, and aerospace and defense systems
Nobel laureate Michael Kremer joins World Bank as Group Chief Economist
With a PhD in Economics from Harvard University, Kremer currently serves as Director of the Development Innovation Lab at the University of Chicago
Boeing CEO flags production stabilisation issues at 737 MAX, 787 Dreamliner
Kelly Ortberg also downplayed expectations that China would announce a large jetliner order during the upcoming summit between Donald Trump and Xi Jinping
Bank of England keeps interest rates unchanged, warns of rising inflation
The BoE not only refrained from increasing rates like its global peers but also surprised many by pausing its sales of government bonds for six
Inflation, energy shock unsettle investors as equity fund outflows hit nine-month high
As per the LSEG Lipper data, investors withdrew a net USD 23.21 billion from global equity funds, the biggest weekly outflow since December 17, 2025
Can’t produce enough equipment: Huawei says AI chip demand outstrips supply
As per Chairman Eric Xu, the company is also limiting its overseas sales while stepping up its challenge to Nvidia's chip-making ecosystem
UBS capital rules: Swiss Parliament’s upper house postpones voting
While the upper house was expected to vote on Thursday on the new rules, a prolonged debate postponed the procedure
Iran war and jet fuel shock: American carriers chop down flight schedules
American Airlines, United Airlines and Southwest Airlines will be leaning on tighter capacity, resilient demand and higher fares to absorb the cost shock
Boeing, Korean Air announce 103-airplane order as part of US trade deal
The order, comprising 20 777-9, 25 787-10, 50 737-10, and eight 777-8 Freighter airplanes, fulfills Korean Air’s procurement commitment in August 2025