Lloyds Banking Group is leveraging 800 AI models as part of its strategic plan to improve productivity, reduce costs, and modernize technology through 2030. The bank aims to achieve a return on tangible equity above 18% by 2028 and around 20% by 2030, with a cost-to-income ratio dropping below 45% by 2030. AI-driven improvements are expected to boost productivity by 0.4 to 1.2 percentage points annually. The bank has also hired 11,000 technology and data staff since 2021 to support innovation and enhance customer and commercial banking services.
VINCI published its half-year financial report for 2026, highlighting a 2% increase in revenue, including 4% growth in the second quarter. The company also reported a 4% rise in EBITDA and significant growth in earnings per share, reflecting strong o...
VINCI released its half-year financial report for 2026, showing a 2% increase in revenue, including a 4% growth in the second quarter. EBITDA also rose by 4%, reflecting solid operational performance. The company highlights its commitment to sustaina...
Orange published its interim financial report for the first half of 2026, showing a 3.5% increase in revenue and a 5.0% rise in EBITDAaL. The company continues to lead in telecommunications across Europe, Africa, and the Middle East, connecting 340 m...
A class action lawsuit has been filed against Park Ha Biological Technology Co., Ltd. and some of its officers for allegedly misleading investors and violating federal securities laws. The complaint claims Park Ha was involved in a fraudulent stock p...
Uber has agreed to invest up to $1.2 billion in electric vehicle maker Rivian and plans to purchase up to 50,000 of Rivian's R2 electric vehicles. This deal highlights Uber's push into electric and autonomous vehicle technology, positioning Rivian as...
