Banco Santander: Q1 Earnings Snapshot
The Madrid-based bank said it had earnings of 22 cents per share.
The financial holding company posted revenue of $32.68 billion in the period. Its revenue net of interest expense was $16.34 billion, which topped Street forecasts.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
37 minutes ago
- Time Business News
Why New York Is the Best Place for Mobile App Development
In New York City, innovation doesn't just happen, it thrives. From the iconic skyline of Manhattan to the tech-driven streets of Silicon Alley, the city has become a global hub for creativity, business, and technology. For companies looking to launch or scale their digital products, partnering with a mobile app development company in New York offers a unique competitive edge. The city's unmatched blend of talent, infrastructure, and industry diversity makes it a magnet for innovation. Whether you're in finance, technology, healthcare, retail, or the creative arts, New York provides access to top-tier development teams who understand the local market and global trends. With millions of residents and visitors engaging with brands through their smartphones daily, mobile apps have evolved into the primary way businesses connect, serve, and grow. In this article, we'll explore why New York stands out as the best place for mobile app development, from its thriving startup ecosystem and deep talent pool to its proven track record of delivering world-class digital solutions. When it comes to digital innovation, New York offers something few other cities can match, a powerful mix of business opportunity, cutting-edge technology, and a culture that thrives on speed and creativity. This is why so many companies see it as the best place for mobile app development. The city's Silicon Alley has become a hotbed for startups, fueled by access to top investors, skilled developers, and a diverse talent pool. Organizations like the NYC Economic Development Corporation (NYCEDC) and Tech:NYC actively support the growth of technology-driven businesses, ensuring that innovation has the resources it needs to flourish. For companies in sectors like finance, being close to the New York Stock Exchange (NYSE) and Wall Street means having immediate insight into one of the world's most fast-paced industries. In healthcare, retail, and media, proximity to some of the country's leading institutions and brands creates unique opportunities for collaboration. It's this blend of infrastructure, networking, and industry expertise that makes New York a clear choice for businesses seeking a competitive edge in mobile app development. A mobile app development company in New York brings more than technical skills, it offers a deep understanding of the city's unique market and customer behavior. This local insight helps businesses create apps that feel relevant, intuitive, and aligned with New Yorkers' fast-paced lifestyle. Key advantages of working with NYC-based developers include: Diverse industry experience – From fashion in Brooklyn to finance in Manhattan, development teams understand the nuances of different sectors. – From fashion in Brooklyn to finance in Manhattan, development teams understand the nuances of different sectors. Local consumer insight – Developers know how New Yorkers engage with mobile apps, from booking services to online shopping. – Developers know how New Yorkers engage with mobile apps, from booking services to online shopping. Community-driven collaboration – Many teams are active in the city's tech scene, attending events in Queens, Bronx, and Staten Island to stay connected to emerging trends. – Many teams are active in the city's tech scene, attending events in Queens, Bronx, and Staten Island to stay connected to emerging trends. Design with purpose – Whether handled by a mobile application development company in NYC or a boutique mobile app design company in New York, the focus is always on blending high performance with intuitive design. By combining technical expertise with cultural awareness, NYC development teams deliver mobile apps that resonate locally while competing globally. In a city as diverse as New York, no two industries have the same digital needs. That's why many businesses choose custom mobile app development over off-the-shelf templates. The goal is to build apps that reflect the brand, meet user expectations, and adapt as the market changes. Examples of how custom solutions serve NYC's industries: Fintech – Secure banking, investment tracking, and payment apps designed with compliance in mind. – Secure banking, investment tracking, and payment apps designed with compliance in mind. Healthcare – Telemedicine platforms, patient portals, and appointment scheduling systems tailored to local regulations. – Telemedicine platforms, patient portals, and appointment scheduling systems tailored to local regulations. E-commerce & Retail – Feature-rich shopping apps with personalized recommendations and fast checkout. – Feature-rich shopping apps with personalized recommendations and fast checkout. Real Estate – AR-enabled property viewing and location-based search tools. – AR-enabled property viewing and location-based search tools. Hospitality & Tourism – Booking systems, loyalty programs, and local experience guides. – Booking systems, loyalty programs, and local experience guides. Education – E-learning platforms and virtual classroom tools. To achieve this level of personalization, developers use leading technologies like React Native, Flutter, Swift, and Kotlin, supported by Firebase, AWS, and Azure for scalability and security. The result is a mobile app that feels uniquely built for its audience and industry. One of New York's biggest strengths is its ability to support businesses at every stage, from early-stage startups to global enterprises. A mobile app development company in New York can adapt its approach to meet the needs of both. For startups: Guidance in refining app concepts and identifying core features. Cost-effective development strategies to launch quickly and validate ideas. Networking opportunities at events like TechDay New York and New York Tech Meetup. For enterprises: Scalable enterprise mobile solutions that integrate with complex systems. Advanced security, compliance, and data management capabilities. Access to top-tier talent from institutions like Cornell Tech and NYU Tandon School of Engineering. By offering flexible engagement models and deep industry expertise, NYC developers can deliver tailored solutions that help businesses grow, whether they're building their first app or enhancing an existing platform. New York's mobile app development teams excel in building high-performance solutions across multiple platforms, ensuring businesses can reach their target audience effectively. Platform capabilities include: Cross-platform development – Efficiently serving both iOS and Android users with a single codebase. – Efficiently serving both iOS and Android users with a single codebase. Platform-specific builds – Dedicated iOS and Android app development for optimized performance. – Dedicated iOS and Android app development for optimized performance. Native and hybrid approaches – Balancing speed, cost, and functionality based on project needs. Key strengths: User-focused design – Experienced app UX/UI design companies in New York craft interfaces that feel intuitive and engaging. – Experienced app UX/UI design companies in New York craft interfaces that feel intuitive and engaging. Long-term reliability – Ongoing app maintenance services keep apps secure, up to date, and aligned with evolving user expectations. – Ongoing app maintenance services keep apps secure, up to date, and aligned with evolving user expectations. Industry adaptability – Solutions tailored for fintech, healthcare, real estate, e-commerce, hospitality, and education. This mix of technical versatility and design expertise helps New York businesses deliver apps that perform well today and remain competitive in the future. New York is home to some of the most accomplished mobile app development companies, each with a track record of delivering innovative, high-performing products. Notable examples include: Fueled – Known for award-winning apps built for global brands. – Known for award-winning apps built for global brands. Blue Label Labs – Specialists in scalable solutions for startups and enterprises. – Specialists in scalable solutions for startups and enterprises. Dom & Tom – Experts in complex enterprise projects and digital strategy. – Experts in complex enterprise projects and digital strategy. AppsChopper – Creators of user-friendly, custom applications across industries. – Creators of user-friendly, custom applications across industries. Zco Corporation – Providers of robust mobile solutions for retail, healthcare, and finance. These best NYC app developers combine technical expertise with local market insight, ensuring the apps they build meet the highest standards for functionality, design, and user engagement. In 2025, New York's fast-moving market will reward businesses that can adapt quickly and deliver exceptional digital experiences. A mobile app is no longer just a nice addition, it's a key driver of growth, customer loyalty, and competitive advantage. Partnering with a trusted android app development company New York gives businesses access to top-tier talent, advanced technology, and an unmatched understanding of the city's unique business culture. From concept to launch, and beyond, local teams can create apps that connect with users, perform flawlessly, and evolve with market demands. TIME BUSINESS NEWS
Yahoo
37 minutes ago
- Yahoo
India suspends cotton import duty in signal to US, relief for garment industry
By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) -India has suspended an 11% import duty on cotton until September 30, in a move seen as a signal to Washington that New Delhi is willing to address U.S. concerns on agricultural tariffs, while also easing pressure on its garment industry. The temporary suspension, announced late on Monday, could benefit U.S. cotton growers and provide relief to India's apparel sector, which faces tariffs of nearly 60% on shipments to the United States from later this month. A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, delaying talks on a proposed bilateral trade agreement and dashing hopes of relief from an additional 25% U.S. tariff on Indian goods from August 27. President Donald Trump earlier this month announced an extra tariff on Indian goods as punishment for New Delhi's purchases of Russian oil, doubling the total duty to 50% on U.S. imports of Indian goods from later this month. Indian exports had previously faced levies of 0-5%, with duties on some textiles ranging between 9% and 13% before Trump raised tariffs in April. The United States is the biggest market for India's garment exporters, who say steep tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%, and China at 30%. India's labour-intensive sectors, including textiles, footwear, engineering goods and shrimp, have been jolted by U.S. tariffs, and are now seeking alternative markets. "The largest beneficiary of the duty free import will be the U.S., the second largest supplier to India," said Ajay Srivastava, founder of Global Trade Research Initiative, a New Delhi-based think tank, adding India already allows duty-free cotton imports from Australia within a quota. Cotton imports more than doubled to $1.2 billion in the 2024/25 fiscal year to March, from $579 million a year earlier, led by $258 million from Australia, $234 million from the United States, $181 million from Brazil and $116 million from Egypt, Srivastava said. The sharp rise in U.S. tariffs comes just as India was emerging as a stronger alternative for American garment buyers, with Bangladesh facing political uncertainty and companies seeking to diversify supply chains beyond China. Industry bodies such as the Confederation of Indian Textile Industry (CITI) had urged the government to scrap the cotton import duty to help make the sector more competitive. Reuters earlier reported that some Indian exporters were scrambling to explore manufacturing options overseas to offset the impact of the higher tariffs. India's garment sector was already grappling with a labour crunch and limited production capacity. The prospect of exporters relocating production abroad poses a further challenge to the government's "Make in India" manufacturing drive. Industry officials now expect the government to extend duty-free cotton imports beyond September. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
an hour ago
- New York Post
Minnesota joins slew of states suing TikTok for allegedly preying on young people with addictive algorithms
Minnesota on Tuesday joined a wave of states suing TikTok, alleging the social media giant preys on young people with addictive algorithms that trap them into becoming compulsive consumers of its short videos. 'This isn't about free speech. I'm sure they're gonna holler that,' Minnesota Attorney General Keith Ellison said at a news conference. 'It's actually about deception, manipulation, misrepresentation. This is about a company knowing the dangers, and the dangerous effects of its product, but making and taking no steps to mitigate those harms or inform users of the risks.' The lawsuit, filed in state court, alleges that TikTok is violating Minnesota laws against deceptive trade practices and consumer fraud. It follows a flurry of lawsuits filed by more than a dozen states last year alleging the popular short-form video app is designed to be addictive to kids and harms their mental health. Minnesota's case brings the total to about 24 states, Ellison's office said. Advertisement 3 Minnesota Attorney General Keith Ellison briefs reporters in his office about the lawsuit he filed against social media giant TikTok, alleging it preys on young people with addictive algorithms. AP Many of the earlier lawsuits stemmed from a nationwide investigation into TikTok launched in 2022 by a bipartisan coalition of attorneys general from 14 states into the effects of TikTok on young users' mental health. Ellison, a Democrat, said Minnesota waited while it did its own investigation. Sean Padden, a middle-school health teacher in the Roseville Area school district, joined Ellison, saying he has witnessed a correlation between increased TikTok use and an 'irrefutable spike in student mental health issues,' including depression, anxiety, anger, lowered self-esteem and a decrease in attention spans as they seek out the quick gratification that its short videos offer. Advertisement The lawsuit comes while President Donald Trump is still trying to broker a deal to bring the social media platform, which is owned by China's ByteDance, under American ownership over concerns about the data security of its 170 million American users. While Trump campaigned on banning TikTok, he also gained more than 15 million followers on the platform since he started sharing videos on it. No matter who ultimately owns TikTok, Ellison said, it must comply with the law. 3 The lawsuit comes as Trump is trying to make a deal with TikTok to bring the platform to the U.S. AP TikTok disputed Minnesota's allegations. Advertisement 'This lawsuit is based on misleading and inaccurate claims that fail to recognize the robust safety measures TikTok has voluntarily implemented to support the well-being of our community,' company spokesperson Nathaniel Brown said in a statement. 'Teen accounts on TikTok come with 50+ features and settings designed to help young people safely express themselves, discover and learn. 3 TikTok disputed Minnesota's allegations. AP 'Through our Family Pairing tool, parents can view or customize 20+ content and privacy settings, including screen time, content filters, and our time away feature to pause a teen's access to our app,' Brown added. Start your day with all you need to know Morning Report delivers the latest news, videos, photos and more. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Advertisement Minnesota is seeking a declaration that TikTok's practices are deceptive, unfair or unconscionable under state law, a permanent injunction against those practices, and up to $25,000 for each instance in which a Minnesota child has accessed TikTok. Ellison wouldn't put a total on that but said, 'it's a lot.' He estimated that 'hundreds of thousands of Minnesota kids' have TikTok on their devices. 'We're not trying to shut them down, but we are insisting that they clean up their act,' Ellison said. 'There are legitimate uses of products like TikTok. But like all things, they have to be used properly and safely.' Minnesota is also among dozens of U.S. states that have sued Meta Platforms for allegedly building features into Instagram and Facebook that addict people. The messaging service Snapchat and the gaming platform Roblox are also facing lawsuits by some other states alleging harm to kids.
