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Velour tracksuits and low-rise jeans are in trend, and Jennifer Lopez just caused a stir while walking the red carpet at the Grammy Awards in a flowy, green jungle-print Versace gown. In a new interview with Vogue, Lopez revealed that her then-stylist, Andrea Lieberman, pleaded with her not to wear the dress to the awards. Jennifer Lopez at the 42nd Annual Grammy Awards in 2000. Jennifer Lopez at the 42nd Annual Grammy Awards. This first became apparent after the 2000 Grammy Awards, where Jennifer Lopez wore a green dress that, well, caught the world's attention," Schmidt wrote.
Persons: Velour, Jennifer Lopez, Lopez, Andrea Lieberman, Steve Granitz, Versace, Marilyn Monroe's, Marilyn, Sean, Diddy, Combs, Carly Steel, Amber Valletta, Donatella Versace, Geri Halliwell, Lopez wasn't, Eric Schmidt, Schmidt Organizations: Vogue, Business, Milan, Metropolitan Museum of Art, Spice, NRJ, Project Syndicate, Google Locations: New York City, Cannes, France
ANKARA (Reuters) - Turkish President Tayyip Erdogan and his Russian counterpart Vladimir Putin will discuss the war in Ukraine and the Black Sea Grain Initiative during a visit to Ankara by the Russian leader, Turkey's foreign minister said on Tuesday. A Turkish official told Reuters last week he would visit Turkey on Feb. 12. Ankara has sought to persuade Russia to return to the Black Sea Grain Initiative - brokered by Turkey and the United Nations - that ensured the safe export of Ukrainian grain during the war via the Black Sea. Speaking at a press conference in the Maltese capital Valletta, Fidan said Turkey was working with Ukraine and Russia to revive the accord. The Kremlin has said Erdogan and Putin would discuss setting up a gas hub in Turkey and the war in Ukraine during the visit.
Persons: Tayyip Erdogan, Vladimir Putin, Hakan Fidan, Fidan, Erdogan, Putin, Jonathan Spicer, Alison Williams Organizations: NATO, Reuters, United Nations, Kyiv Locations: ANKARA, Ukraine, Ankara, Russian, Turkey, Russia, Maltese, Valletta, Moscow, Syria, Libya, Southern Caucasus, Israel, Gaza
Malta PM Turns up at Farmers’ Protest to Hear Complaints
  + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +1 min
VALLETTA (Reuters) - Farmers in Malta staging a demonstration on Friday against EU agricultural policies as part of Europe-wide protests were surprised when Prime Minister Robert Abela turned up in person to hear their complaints. The farmers drove tractors and trucks from a vegetable market in the centre of the tiny Mediterranean island to Floriana, a town near the capital Valletta, waving banners and placards that accused the EU of "killing its own farmers". "No farmers, no food, no future," read one placard attached to a tractor. Farmers have also protested in several European capitals and blocked streets in Brussels on Thursday while EU leaders were holding a meeting there. On Friday farmers blocked the Dutch-Belgian border and occupied roads in Greece, though French farmers started lifting their blockades after the government in Paris made concessions.
Persons: Robert Abela, Christopher Scicluna, Gareth Jones Organizations: Reuters, Farmers, European Union Locations: VALLETTA, Malta, Europe, Floriana, Valletta, Brussels, Belgian, Greece, Paris
This is the world’s rarest passport
  + stars: | 2024-02-01 | by ( Lola Méndez | ) edition.cnn.com   time to read: +7 min
CNN —The Sovereign Military Order of Malta – also known as the Knights of Malta – isn’t just a religious Catholic order with nearly 1,000 years of history. After World War II, the use of the diplomatic passport took on characteristics of passports used in other countries. Today, there are only around 500 of the diplomatic passports in circulation – making it the rarest passport in the world. robertharding/Alamy Stock Photo“The Order grants passports to members of their government for the duration of their mandate,” de Petri Testaferrata says. Once when I arrived at the Bangkok airport, a crowd of operators at passport control wanted to see my rare passport and take a selfie with it,” Balfour tells CNN.
Persons: Malta –, It’s, King, Spain, Napoleon Bonaparte, Daniel de Petri Testaferrata, Angelo, ” de Petri Testaferrata, Marianna Balfour, “ They’ve, ” Balfour, De Petri Testaferrata, John Kellerman, Anne, de Valette, Paschal II, ” Dane Munro, Don’t, Grand, Michelangelo Merisi da Caravaggio, Caravaggio, St John’s, St John ”, Finnbarr Webster, Casa Rocca Piccola, de Piro, Munro, Marquis Nicholas de Piro, Knight of Malta Don Pietro Rosselli Organizations: CNN, Knights, Knights of Malta – isn’t, United Nations, Sovereign Council, Souverain, Fort, UNESCO, , Casa Magazzini, National Library of Malta, of, Supreme, Grand Masters, of Ambassadors, St, Maltese Association of Locations: Malta, Knights of Malta, Jerusalem, Maltese, Rome, of Malta, St, robertharding, Bangkok, France, United Kingdom, United States, Knights, Valletta, Mdina, Knight
Kate Moss at 50: A supermodel through the decades
  + stars: | 2024-01-16 | by ( Amy Woodyatt | ) edition.cnn.com   time to read: +7 min
CNN —British supermodel Kate Moss turns 50 today — and she remains as much a cultural icon as when she emerged as a breakout star more than three decades ago. Johnny Green/PA/Getty Images Kate Moss and her then-boyfriend, the actor Johnny Depp, attend the Golden Globe Awards in 1995. Dave M. Benett/Getty Images Kate Moss and Jamie Hince pose with bridesmaids after getting married on July 1, 2011 in Southrop, England. Jewel Samad/AFP/Getty Images Moss arrives for a screening of the movie "Loving" at the 2016 Cannes Film Festival. Scroll through the gallery above to see some of the most memorable moment’s from Kate Moss’ life and career.
Persons: Kate Moss, Moss, it’s, , Corinne Day, Cindy Crawford, Naomi Campbell, Claudia Schiffer, Chanel, Calvin Klein, Johnny Green, Johnny Depp, Ron Davis, Pierre Verdy, Donatella Versace, De, UPPA, Zuma Moss, Pete Doherty, MJ Kim, Alexander McQueen's, Andy Paradise, Banksy, Andy Warhol's, Marilyn Monroe, Carl De Souza, Marc Jacobs, Patrick McMullan, Mario Testino, Kate Who, Dave M, Jamie Hince, bridesmaids, Neil Mockford, Stella Tennant, Lily Cole, Karen Elson, Jourdan Dunn, David Gandy, Jewel Samad, Antonin Thuillier, Stella McCartney, Chris Joseph, Louis Vuitton's, Peter White, Lila, Princess Eugenie of York, Jack Brooksbank, George's, Alastair Grant, Stephane De Sakutin, Amber Valletta, Daniele Venturelli, Amber Heard, Evelyn Hockstein, Jamie McCarthy, David Bailey, Kate, ” Moss, Jefferson Hack, Marc Quinn, Lucian Freud, Johnny Cash, Paul McCartney, Elton John Organizations: CNN, Vogue, Burberry, British Vogue, Getty, Globe, Glastonbury Music, Olympic, London, Louis, Milan, BBC, Forbes, Stripes Locations: British, South London, Croydon, London, Couture, Paris, AFP, Glastonbury, New York City, Southrop, England, St, Windsor , England, Fairfax, Fairfax , Virginia, Arizona, Egypt
National Geographic announces 2024 ‘cool list’
  + stars: | 2023-11-06 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +3 min
City breaksFor great food, museums and nightlife, head to some of the cities featured on National Geographic’s list. States of beingIn several cases, National Geographic highlighted entire states. National Geographic advises not only visiting New York City – the Empire State is also home to some natural beauty at Lake Placid and Niagara Falls. Meanwhile, National Geographic also lauded the northern Indian state of Sikkim, which is nestled in the Himalayas near the country’s borders with Bhutan and Nepal. Natural wondersThe National Geographic list is heavy on beautiful natural destinations.
Persons: , Italy •, Germany •, Chile •, Argentina • Organizations: CNN, UNESCO, National Geographic, New, Geographic, Northern Ireland • Emilia, Scotland •, Finland •, Peru •, Peru • New York State, Argentina • Akagera Locations: Europe, Albania, China, Lima, Peru, Tainan, Taiwan’s, Texas, New York, New York City, Lake Placid, Niagara Falls, , Texas, Victoria, Australian, Melbourne, Sikkim, Bhutan, Nepal, Nova Scotia, Canada, Chile, Dominica, Madagascar, Scotland, Galloway and Southern Ayrshire, Albanian, Belfast, Northern Ireland, Romagna, Italy, • Galloway, Southern Ayrshire, Scotland • Nordland, Norway, North Yorkshire, England, Italy • Saimaa, Finland, Finland • Tartu, Estonia, Germany, Germany • Valletta, Malta, Wales, Ireland, Atacama, Chile • Lima, Peru • New York, Miami, Florida, Dominica • Nova Scotia, Yucatan, Mexico, Wetlands, Argentina, Rwanda, Madagascar • Sierra Leone, India, Taiwan, Australia
Without Russia, which criticized Malta for hosting the talks after smaller ones this year in Jeddah and in Copenhagen, Zelenskiy said he longed for a day when human history "is the history of peace only." Officials said they hoped for the outcome of the weekend's gathering, partly in person, partly virtual, to be agreement to hold a global peace summit later this year. No official list of delegates to the talks was issued, but officials said they included representatives of European, South American, Arab, African and Asian countries. Simon Mordue of the European Council and Bjorn Seibert of the European Commission represented the EU, the official said. The parties would take necessary preparatory steps for a possible peace summit in future with no exact date yet fixed, the official said.
Persons: Alexander Ermochenko, Volodymyr Zelenskiy, Zelenskiy, Ian Borg, Borg, Simon Mordue, Bjorn Seibert, Christopher Scicluna, Elaine Monaghan, Andrew Gray, Olena, David Evans, Mike Harrison Organizations: REUTERS, Rights, United Nations, YouTube, Malta's, European Union, United, United Arab Emirates, European, European Commission, EU, Thomson Locations: Russia, Ukraine, Donetsk, Russian, Rights VALLETTA, Malta, Israel, Kyiv, Jeddah, Copenhagen, China, Egypt, United Arab, Armenia, Mexico, Washington, Brussels
CNN —Germany has hit back at Elon Musk after the billionaire businessman waded into the country’s debate on migration. Musk reshared a post on the platform X, formerly Twitter, that criticized German NGO operations in the Mediterranean for “unloading illegal immigrants” in Italy. The post also called for a victory for the far-right Alternative for Germany (AfD) party in the next elections. “There are currently 8 German NGO ships in the Mediterranean Sea collecting illegal immigrants to be unloaded in Italy. Odd Andersen/AFP/Getty ImagesMusk’s comments come with Berlin locked in a spat with Italy over NGO sea operations.
Persons: Elon Musk, waded, Musk, , ” Musk, Odd Andersen, Giorgia Meloni, Meloni, Olaf Scholz, , ” Meloni Organizations: CNN, Elon, Radio Genoa ”, Foreign, Immigration Authority, Getty, Italian, , European Union Locations: Germany, Italy, Eisenhuttenstadt, Berlin, France, Spain, Portugal, Greece, Cyprus, Malta, Croatia, Slovenia, Valletta
Why you should be traveling to Europe in fall, not summer
  + stars: | 2023-09-25 | by ( Terry Ward | ) edition.cnn.com   time to read: +9 min
And now it’s fall, when the continent really comes into its own as the leaves – and visitor numbers – start to drop. A recent report from luxury travel network Virtuoso named Paris, London and Florence as the most booked cities for fall travel. “Fall is one of the best times to visit Europe because of the vast variety of interests [the season] can cater to,” says Mina Agnos, president of luxury travel company Travelive. If you’re ready for a different take on Europe this fall, we’ve got ideas. Fall also means it’s harvest time in Rebland – an area southwest of Baden-Baden famous for its Riesling.
Persons: , Mina Agnos, foodies, Brian Young, we’ve, Sérgio Duarte, Octant, Val, Culinarium Urtijei, Christopher Hill, Holger Leue, it’s, Jack Ezon, Samantha Pearson, Notte Bianca, Valery Bareta, Belle, Caracalla Organizations: CNN, EMEA, G, Gran Canaria, UNESCO, ADLER, Mallorca Locations: Europe, Paris, London, Florence, Spain, Portugal, Turkey, Croatia, Greece, Sicily, Slovenia, Gibraltar, Tenerife, Ibiza, Mallorca, Gran, Alentejo, Douro, Val Gardena, Dolomites, Italy, Northern Italy, South, Ortisei, Romania, Brasov, Baia Mare, Saxon, Moșna, Mallorcan, Pollença, Palma . Thessaloniki, Thermaic, Santorini, Greece’s, Balkans, Mount Olympus, Thessaloniki, Malta Malta, Malta, Gozo, Comino, Valletta, Madeira, Morocco, Terrabona, Funchal, Savoy, Baden, Germany Baden, Black, Friedrichsbad
[1/2] Rescuers search for dead bodies at a beach, in the aftermath of the floods in Derna, Libya September 16, 2023. REUTERS/Ayman Al-Sahili/File Photo Acquire Licensing RightsVALLETTA, Sept 16 (Reuters) - A Maltese rescue team found hundreds of dead bodies on a beach in the flood-stricken Libyan city of Derna on Friday, the Malta Civil Protection Department said on Saturday. "There were probably about 400, but it is difficult to say," Natalino Bezzina, who is leading the Maltese team, told the Times of Malta newspaper. Bezzina told Maltese media that a small CPD team came across the cave that was half submerged and found bodies inside. Then they came across a small bay filled with debris and several hundred dead bodies.
Persons: Ayman Al, Bezzina, Storm Daniel, Ros Russell Organizations: REUTERS, Rights, Malta Civil Protection Department, Maltese, Times, CPD, Libyan, Thomson Locations: Derna, Libya, Rights VALLETTA, Maltese, Libyan, Malta, Storm
Malta, Land of Knights, Sailors and Rainbow Flags
  + stars: | 2023-06-20 | by ( Alexander Lobrano | ) www.nytimes.com   time to read: +1 min
Knowing nothing about Maltese food, I assumed it would be a variation on the fare of nearby Sicily. “Our food is a reflection of all of the peoples who ruled us,” he said, explaining that Malta has one of the world’s most cosmopolitan cuisines. Baroque masterworks and neon-lit nightlifeMalta is only 122 square miles, so 72 hours had seemed like an adequate amount of time to explore. I decided to check out the main island first, and then Valletta itself after that. The delightful Anna Grech Sant, a local guide, offered an abbreviated but fascinating lesson in Maltese history, richly seasoned with memorable trivia.
Persons: ruddy, bouillon, Brincat, , Anna Grech Sant Organizations: British Navy Locations: Sicily, Malta, Libya, India, Northern Europe, Bolognese, Gozo, Valletta
Peru"Peruvians are welcoming travelers back with open arms," says travel one travel expert. And perhaps most importantly, the city offers excellent value, in part because it will be the winter/low season there during the Northern Hemisphere’s summer. It’s home to three UNESCO World Heritage Sites, including megalithic temples that date to the 4th millennium BC. Although summer is the rainy season, Gellis says showers are often brief and intermittent. AlbaniaAlbania is a Mediterranean gem that’s likely to be less crowded this summer than Greece and Croatia, says Joao Donadel, another EMBARK Beyond travel advisor.
A world in three islands on the Mediterranean
  + stars: | 2023-05-25 | by ( Pavlo Fedykovych | ) edition.cnn.com   time to read: +16 min
CNN —In the middle of the Mediterranean Sea lies a small country made up of three inhabited islands and irresistible allure. Across its three inhabited islands – Malta, Gozo and Comino – you’ll find every sun-soaked aspect of the perfect vacation. The solution: Marsaskala, towards the southeastern tip of Malta island. Mellieħa Bay and St. Paul’s BayBugibba is a classic seaside resort town in St. Paul's Bay. The population is a modest two people, there are no cars, and no signs of globalization – just the untouched Mediterranean.
Seven Syrians face terror-related charges in Malta
  + stars: | 2023-04-30 | by ( ) www.reuters.com   time to read: +1 min
VALLETTA, April 30 (Reuters) - Seven Syrian men were accused in a heavily guarded Maltese court on Sunday of having encouraged and trained others to commit terrorism in Europe. The seven, aged between 21 and 27, were arrested on Saturday in an operation coordinated with the European police agency Europol, the Malta police said. The group are accused of association with an extremist organisation, inciting terrorism through public messages, recruiting or attempting to recruit others to commit terrorism, instructing others on the use of explosives or firearms and attempting to travel to Europe to commit terrorism. They all pleaded not guilty and were remanded in custody at the end of the hearing. Reporting by Christopher Scicluna; Editing by Crispian BalmerOur Standards: The Thomson Reuters Trust Principles.
People demonstrated in Valletta, Malta, in 2019 over the killing of Maltese journalist Daphne Caruana Galizia two years earlier. Photo: Guglielmo Mangiapane/REUTERSBRUSSELS—The European Union, among the world’s strongest proponents of media freedom, isn’t doing enough to protect reporters within its own borders, according to the Committee to Protect Journalists, an international advocacy group. The group, in a new report, identifies growing restrictions on media across the 27-country bloc and spotlights the murders of Maltese journalist Daphne Caruana Galizia in 2017 and of Slovak journalist Jan Kuciak in 2018, both of whose killings were linked to their work.
On Wednesday, he dropped a surprise “final collection” (according to a news release) in the form of three short videos by the photographer Steven Klein. The videos came unaccompanied by any statement, and Mr. Ford declined requests for comment. Neither Estée Lauder nor Zegna, which has the license for Tom Ford fashion, could be reached for comment. Still, the collection answered the question that had been hanging over the brand since its sale in November: Would Mr. Ford stay or go? Rumor has it that Peter Hawkings, Mr. Ford’s longtime men’s wear designer, is getting the job.
MILAN, April 9 (Reuters) - A vessel with around 400 people on board is adrift between Malta and Libya and is taking on water, support service Alarm Phone said on Sunday, amid a sharp rise of migrant boats crossing the Mediterranean from North Africa. Alarm Phone said on Twitter they had received a call from the boat, which departed from Tobruk, in Libya, last night and that they had informed authorities. But no rescue operation has been launched so far, they added. Alarm Phone said the boat was now in the Maltese Search and Rescue area (SAR). Another NGO, Germany's Resqship, said on Sunday at least 23 migrants died the previous night in the Mediterranean in a separate shipwreck.
Prince Fahad bin Sultan bin Abdulaziz al Saud is liable to pay his company Burgundy Sea Ltd’s debts to Credit Suisse, Judge Robert Bright said in a written ruling. Credit Suisse and the Saudi government’s communication office did not immediately respond to a request for comment. Prince Fahad and Burgundy, a special purpose vehicle ultimately owned by the prince, were sued by Credit Suisse in 2021 over a 48 million-euro ($52.5 million) loan for the refinancing of luxury motor yacht, the Sarafsa. In September 2021, Credit Suisse demanded Burgundy pay all its total debts for alleged breaches of the loan agreement and then called on Prince Fahad to settle the debts, under a personal guarantee of Burgundy’s obligations. However, the judge said that Prince Fahad and Burgundy “have no real prospect of successfully defending (Credit Suisse’s) claims”.
Insider's Christian Mayer took a trip around the Mediterranean on the AIDAblu cruise ship. I recently booked a spontaneous weeklong cruise with the German cruise line Aida Cruises, a subsidiary of Carnival Corporation and PLC, one of the largest cruise companies in the world. The cruise sailed around Italy and Malta, starting off in Civitavecchia, a town on the west coast of Italy near Rome. A tiny ship approached the outer wall of our huge cruise ship, and, in whipping winds, the pilot climbed an outer ladder onto our ship. The ship served Starbucks coffeeThe price of the cruise included filter coffee with breakfast.
Spain's Mango plans U.S. expansion after China retreat
  + stars: | 2023-03-14 | by ( Corina Pons | ) www.reuters.com   time to read: +2 min
BARCELONA, Spain, March 14 (Reuters) - Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz said. It will target states where online sales are already strong. It maintains four franchise outlets and online sales through Alibaba's Tmall e-commerce platform. Mango reported record sales last year, helped by selling more items at higher prices. Its biggest rival, Inditex-owned label Zara (ITX.MC), is expected to report record sales on Wednesday, partly due to its aggressive U.S. expansion.
Britain, Malta sign deal covering defence, migration
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: +2 min
VALLETTA, Feb 10 (Reuters) - Britain and its former Mediterranean colony Malta signed a wide-ranging cooperation agreement on Friday covering areas including security and defence, migration, education, health and trade. The agreement was signed during a short visit to the island by British Foreign Secretary James Cleverly, who met Foreign Minister Ian Borg. Malta gained independence from Britain in 1964 and the two countries have traditionally enjoyed a close friendship. Britain and Malta have worked together on migration. Malta is on the main migration route across the Mediterranean from Libya to Europe, with many migrants then attempting to carry on to the UK.
"We are here to be the voice of the unborn child," said 19-year-old university student Maria Formosa, one of the speakers at the rally. “Through abortion, life is always lost.”Traditionally Catholic Malta is the only member of the European Union which bans abortion in all circumstances, even when a woman's life or health is endangered by her pregnancy. Her doctors said her life was at risk and she was eventually transferred to Spain where she had an abortion. She later sued the Malta government, calling on the courts to declare that banning abortion in all circumstances breaches human rights. Reporting by Christopher Scicluna; Editing by Alvise Armellini and David HolmesOur Standards: The Thomson Reuters Trust Principles.
Christmas vacations: 15 of the best places to go
  + stars: | 2022-12-03 | by ( Cnn Staff | ) edition.cnn.com   time to read: +13 min
The Bath Christmas Market has a multitude of wooden chalets selling distinctively British handmade crafts in a quaint Georgian setting. Bogotá, ColombiaA woman dressed as Santa Claus sits next to a Christmas tree and a Christmas star at Bolivar Square in Bogota. Salzburg and Oberndorf, AustriaThe Christmas Market and associated festivities in Salzburg are really something to sing about. Dating back to 1570, Strasbourg claims to be the oldest Christmas market in France and one of the oldest in Europe. damianalmua/Adobe StockThe traditional Christmas colors of red, green and white take on an entirely new meaning in New Zealand.
Persons: CNN —, Santa Claus, Claus, , Allan Baxter, Jesus, Jane Austen, Jane Austen Centre –, Austen, Melchior, Gaspar, Balthazar, Roy Rochlin, Bergdorf Goodman, Wangari Maathai, Fernando Vergara, “ Ruta, John’s, Miguel de Allende, Mary, Joseph, “ posada ”, Mozart, White Organizations: CNN, Bath Abbey, Jane Austen Centre, The, Royal, Catholic, Rockefeller, Getty Images Rockefeller, New York, Radio City, Columbus Circle, Fashion’s, Saks Fifth, Macy’s Herald Square, Kenyan, Park, Nuremberg, Toy Museum, Bolivar, Downtown, Malta Toy Museum, Quebec City, Adobe, Nord Expe, Mexico Piñatas, UNESCO, , Santa Locations: England, Philippines, Rovaniemi, Lapland, Finland, Santa, Bethlehem , Pennsylvania, Philadelphia, New York City, Bethlehem, Moravian, Bath, , Fernando , Philippines, Asia, San Fernando, Catholic Philippines, Manila, of Bethlehem, Barcelona, Spain, Santa Eulalia, New York City New York, Central Park, Macy’s, Nairobi, Kenya, Nuremberg, Germany, German, Bogotá, Colombia, Bogota, Christmastime, Malta, Downtown Valletta, Quebec City, Canada, Petit Champlain, Quebec, Old Quebec, Sentier, Nord, Miguel, Mexico, posadas, ponche, Piñatas, Salzburg, Oberndorf, Austria, ” Salzburg, Bavaria, Strasbourg, France, Europe, Queenstown , New Zealand, New Zealand, Queenstown, Wakatipu
HSBC to sell Canada business to RBC for $10 billion
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: 1 min
HSBC bank logo on the wall is seen in Valletta , Malta on 21 September 2022. British bank HSBC said on Tuesday it had agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash. The transaction is expected to complete in late 2023 and will result in a pre-tax gain of $5.7 billion for HSBC, the bank said in a statement. The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance. The deal enables RBC to grab further market share in its home market, adding 130 branches and more than 780,000 retail and commercial customers.
HSBC bank logo on the wall is seen in Valletta , Malta on 21 September 2022. HSBC reported on Tuesday a 42% tumble in third-quarter pretax profits on the back of losses on the sale of its French unit and rising bad loans, but its interest income surged as banks benefit from rising rates around the world. The London-headquartered bank posted a pretax profit of $3.15 billion for the three months ended Sept. 30. That was down from $5.4 billion a year ago, but well above the $2.45 billion average of analyst estimates compiled by the bank. "We remain on track to achieve our cost targets for 2022 and 2023," said Noel Quinn, HSBC's Chief Executive Officer.
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