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UBS U.S. Wealth Outflows Challenge Turnaround Strategy

UBS faces mounting pressure in its U.S. wealth management unit after significant client outflows and adviser departures raised concerns over its turnaround efforts. The bank reported $14.1 billion in net outflows in

20/03/2026

Economy

XPeng Targets Overseas Growth with Mexico EV Launch

Chinese electric vehicle maker XPeng plans to double overseas sales this year, aiming to lift international revenue contribution to 20%. The company will launch its G6 and G9 models in Mexico on

20/03/2026

Technology

Silgan Eyes Gerresheimer Takeover in Potential Cross-Border Deal

U.S. packaging firm Silgan Holdings has expressed interest in acquiring Germany’s medical packaging specialist Gerresheimer, according to sources familiar with the matter. The potential move underscores growing consolidation in the global packaging

20/03/2026

Economy

Wall Street Slips as Middle East Conflict Fuels Rate Uncertainty

Wall Street opened lower Friday as escalating Middle East tensions weighed on sentiment, pushing investors to reassess expectations for Federal Reserve policy moves. The ongoing Iran conflict, now nearing its fourth week,

20/03/2026

Finance

Tesla Eyes $2.9B Solar Equipment Deal with Chinese Suppliers

Tesla is in talks to purchase $2.9 billion in solar manufacturing equipment from Chinese firms, advancing its ambitious U.S. clean energy expansion plans. The initiative supports CEO Elon Musk’s goal of building

20/03/2026

Technology

Unilever Explores Food Unit Sale to McCormick in Strategic Portfolio Shift

Unilever is in talks to sell its food division to U.S.-based McCormick, signaling a potential strategic pivot toward faster-growing consumer segments. The company confirmed it received an offer, while McCormick acknowledged ongoing

20/03/2026

Finance

White House Unveils National AI Framework to Boost Safety and Regulation

The White House on Friday introduced a national AI framework aimed at strengthening protections for children, communities, and small businesses. The initiative forms part of a broader effort to establish clear oversight

20/03/2026

AI

FTSE 100 Heads for Third Weekly Loss as Middle East Tensions Fuel Inflation Fears

London equities edged lower on Friday, putting the FTSE 100 on track for a third consecutive weekly decline amid escalating Middle East tensions. Markets remained volatile, swinging between gains and losses as

20/03/2026

Economy

Oil Holds Gains as Supply Risks Outweigh Global Stabilization Efforts

Oil prices edged higher on Friday as geopolitical risks overshadowed coordinated efforts by major economies to stabilize supply and secure shipping routes. European nations, Japan, and Canada signaled readiness to protect tanker

20/03/2026

Finance

Biedronka Targets Carrefour Poland Assets Amid Market Shift

Poland’s top food retailer Biedronka is eyeing Carrefour’s Polish assets if the French group proceeds with a potential divestment. CEO Pedro Soares dos Santos confirmed interest, positioning Biedronka to expand its market

19/03/2026

Economy