Latest news with #geopoliticalTensions
Bloomberg
2 days ago
- Business
- Bloomberg
US, Europe See Biggest Drop in CEO Confidence: Report
Confidence among CEOs in Europe has plummeted, according to a new report by the Conference Board, which says pessimism is likely being driven by geopolitical tensions and trade uncertainty. Maria Demertzis, The Conference Board Economy, Strategy, and Finance Center Europe Leader joined Francine Lacqua on "The Pulse". (Source: Bloomberg)
CNA
2 days ago
- Lifestyle
- CNA
Changing tides: Chinese families reassess study abroad plans
Western English-speaking countries, especially the United States, have long been top choices for Chinese parents seeking overseas education for their children. While this remains largely true, there has been a subtle shift amid rising geopolitical tensions. CNA's Tan Yew Guan reports.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Swedbank Targets Return on Equity of At Least 15%
STOCKHOLM–Swedbank is targeting a return on equity of at least 15% in the next few years, but warned of uncertainty amid geopolitical tensions. The Swedish lender said the new target applies through 2027 and is in line with previous guidance that runs through this year.
Reuters
4 days ago
- Business
- Reuters
Swedbank sets return on equity target of at least 15%
STOCKHOLM, June 4 (Reuters) - Swedish banking group Swedbank ( opens new tab said on Wednesday it was setting a target of at least 15% return on equity in the coming years, in line with a previous goal running through this year, and said geopolitical tensions were creating uncertainty. Sweden's biggest mortgage lender said in a statement it aimed to increase or maintain market shares for its main products while boosting efficiency across the group by harnessing new technologies, including AI. "Our plan is to continue to deliver a sustainable return on equity of at least 15 per cent," CEO Jens Henriksson said in a statement. The bank added that issues such as the geopolitical situation was creating uncertainties for businesses and households The bank last set financial targets in December 2022, aiming to achieve a return on equity of 15% in 2025, a goal it met in both 2023 and 2024, but over the past year central bank rates have tumbled, putting a damper on bank interest income.
Zawya
5 days ago
- Business
- Zawya
Airlines suffer from geopolitical crises, but they move on
Muscat: The Middle East and North Africa continue to face challenges due to disruptions to aviation caused by geopolitical tensions, according to IATA. The IATA/ICAO has established a series of Contingency Coordination Teams (CCTs) to ensure continuity of operations, with robust contingency plans and established routes. The regions affected are the airspaces of Kabul, Sudan, and South Sudan, Khartoum, Pakistan, and India. Kamil Alawadhi, regional VP, Africa & The Middle East, IATA, said airlines that do suffer, even if it is not their problem them they show resilience to move on in such situations. "Any political issue is a tough period for airlines." "The GCC and Arab states, and Africa are connected, and they can handle airspace closure crisis and airport crisis in cooperation with civil aviation authorities, air navigation, airlines, and so on. We are the mediator that tries to quickly solve this by handling the safety issues, like moving aircraft and stuff away from dangerous airspace, and so on. And then we move on to try to recover operations by harming the industry."
