How did a Bangladesh air force fighter jet crash into a school campus?

At least 25 children were among the 27 people killed when a Bangladesh Air Force plane crashed into a college and school campus in the capital city of Dhaka on Monday.

Morgan Stanley's client-screening faces deeper FINRA probe, WSJ reports

The U.S. Financial Industry Regulatory Authority (FINRA) is investigating Morgan Stanley over how the firm screened clients for money-laundering risks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

EU court cuts Credit Suisse fine for foreign exchange cartel

The European Union's General Court substantially reduced a fine imposed on Credit Suisse to 28.9 million euros ($33.92 million) from 83.2 million euros on Wednesday, over its participation in a foreign exchange trading cartel.

Dassault Aviation posts higher H1 profit, sales

French planemaker Dassault Aviation on Tuesday posted slightly higher earnings and revenues in the first six months of 2025 and held targets unchanged as new orders were boosted by a fighter contract with India.

PNC taps Coinbase to create crypto trading offering for bank customers

PNC Bank is working with cryptocurrency exchange Coinbase to offer crypto trading to the bank's customers, the companies said on Tuesday, in a sign that crypto is moving toward becoming increasingly interconnected to mainstream finance.

European executives join Trump’s call for action on deregulation

Business leaders in Davos joined calls by U.S. President Donald Trump for the European Union to speed up efforts to reduce regulation and increase competition to prevent the bloc from falling further behind other developed markets.

Mexico's Banorte posts 4% profit bump as loan book grows

Mexican lender Banorte's net profit ticked up 4% in the second quarter, lifted by a double-digit jump in its loan book, it reported on Tuesday.

Business lender Shawbrook aims for UK listing this year, FT reports

The private equity owners of Shawbrook Bank are moving forward with plans for the 2 billion pounds ($2.71 billion) initial public offering in London this year, the Financial Times reported on Wednesday.

David Broadbent appointed CEO of Europe's SES Space & Defense

Luxembourg-based European satellite company SES announced on Tuesday the appointment of David Broadbent as president and CEO of its Space & Defense Organization.

Temenos CFO says US tariff 'wobbles' over for banks as shares soar after results

Banking software group Temenos' chief financial officer said on Wednesday "wobbles" over U.S. tariffs that caused deals to be delayed in the first quarter are over, as the company reported second-quarter results that beat analyst expectations.

Dassault, in spat with Airbus, says European fighter jet project at risk

French warplane maker Dassault Aviation raised questions over the future of a Franco-German-Spanish fighter jet project on Tuesday in a growing feud with Europe's Airbus over control of the futuristic program that combines traditional warplanes with automated drones.

Canal+ gets conditional approval for MultiChoice takeover

South Africa's Competition Tribunal has approved Canal+'s 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice , subject to agreed conditions, the companies said on Wednesday.

Students protest in Bangladesh after air force jet crash kills 31, mostly children

At least 25 children were among the dead, with 88 people being treated in hospital.

Russia begins major naval drills in the Pacific and Arctic oceans and the Baltic Sea

Russia on Wednesday began major navy drills involving more than 150 vessels and 15,000 military personnel in the Pacific and Arctic oceans and in the Baltic and Caspian seas, the defence ministry said.

Italy's UniCredit says it is withdrawing bid for Banco BPM

UniCredit on Tuesday said it was withdrawing its 14.6 billion euro ($17 billion) all-share bid for Banco BPM .

European shares rise on US-Japan trade deal, EU talks in focus

European shares climbed more than 1% on Wednesday, led by automobile stocks, after U.S. President Donald Trump revived hopes for a trade deal with the European Union following an agreement with Japan.

US safety board plans hearing on Army helicopter crash with American Air jet

The National Transportation Safety Board will hold a three-day investigative hearing starting July 30 over the fatal collision in January between a U.S. Army helicopter and an American Airlines regional jet that killed 67 near Reagan Washington National Airport.

Air India says no issues found in Boeing 787, Boeing 737 fuel control switches

Air India said on Tuesday it has completed precautionary inspections of the fuel control switch locking mechanism on all its Boeing 787 and 737 aircraft, with no issues detected.

Evidence shows Jeju Air pilots shut off less-damaged engine before crash, source says

The evidence included the cockpit voice recorder, computer data and a physical engine switch.

British growth plans get positive response in Davos, minister says

British industry and energy minister Sarah Jones said that meetings in Davos this week with CEOs considering where to make their next investment had been positive as the government took its growth mantra to the Swiss mountains.