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Santander racks up another record quarter
Santander racks up another record quarter
by  AFP

Spanish lender Banco Santander announced Wednesday another record quarterly profit thanks to high interest rates and a growing customer base. The rise in global interest rates has been a boon for most banks, including Santander, as it has increased margins on their lending operations.

Israel-Hamas war already affecting regional economies: IMF head
Israel-Hamas war already affecting regional economies: IMF head
by  AFP

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Georgieva spoke one day after Wall Street titans told the forum that the war could deal a heavy blow to the global economy, especially if it draws in other countries.

Japan auto show returns, playing catchup on EVs
Japan auto show returns, playing catchup on EVs
by  AFP

Tokyo's rebranded auto show returns this weekend just as China looks set to overtake Japan as the world's biggest car exporter after Toyota, Nissan and others got stuck in the electric vehicle slow lane. Just 1.7 percent of cars sold in Japan were electric in 2022, compared with around 15 percent in western Europe, 5.3 percent in the United States and nearly one in five in China.

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