HSBC banks lower profits on higher costs
Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.
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Shanghai police bust gang selling counterfeit Labubu toys
Police in Shanghai busted a gang making and selling fake Labubus this month, detaining eight people and 5,000 counterfeit toys worth $1.7 million, local state-owned media reported.
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Eurozone economy expands but tariff impact looms
The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.
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Shanghai evacuates 283,000 people as typhoon hits
Shanghai has evacuated almost 283,000 people from vulnerable coastal and low-lying areas as Typhoon Co-May made landfall in the Chinese financial hub on Wednesday evening, bringing lashing rains and winds.
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Ryanair says dropping three French airports over 'harmful' tax
Irish no-frills airline Ryanair said on Wednesday it was dropping three French airports over a "harmful" tax hike on air tickets and urged Paris to change course.
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China says childcare subsidies to 'add new impetus' to economy
China said Wednesday that recently announced subsidies to support families with young children will provide a much-needed economic boost, as Beijing seeks to promote spending and avert a demographic crisis.
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Mercedes-Benz welcomes EU-US deal after profits plunge on tariff woes
A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.
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Bayern Munich sign Luis Diaz from Liverpool
Bayern Munich on Wednesday completed the signing of forward Luis Diaz from Premier League champions Liverpool for a reported fee that could rise to 75 million euros ($86.5 million).
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Adidas reports hit from US tariffs
German sportswear giant Adidas said Wednesday it took a hit from US tariffs in the second quarter but did not indicate whether it would pass on rising costs to consumers.
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Italy opens probe into Meta over AI tool in WhatsApp
Italy said Wednesday it opened a probe into social media giant Meta for potentially breaking EU competition laws by installing its AI tool into WhatsApp.
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