RIYADH (Reuters) -Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects that have dominated its development goals for the last decade, a source with direct knowledge of the plans told Reuters.    Crown Prince Mohammed bin Salman, the de facto ruler of Saudi Arabia, known as MbS, introduced his Vision...

OSLO, Oct 29 (Reuters) - The outlook for the European natural gas market this winter is tighter than many had expected as the continent's storage levels are 12 percentage points lower than a year ago, Equinor CFO Torgrim Reitan told Reuters on Wednesday. ...

05:14 AM EDT, 10/29/2025 (MT Newswires) -- UBS Group ( UBS ) reported Q3 earnings Wednesday of $0.76 per diluted share, up from $0.43 a year earlier. Analysts polled by FactSet expected $0.49. Underlying revenue for the quarter ended Sept. 30 was $12.2 billion, compared with $11.67 billion a year earlier. Analysts polled by FactSet expected $11.92 billion. The company's...

BERLIN/FRANKFURT, Oct 29 (Reuters) - German luxury carmaker Mercedes-Benz said carmakers must adapt like animals to survive in the fierce global auto market, where price wars in China are squeezing margins and belt-tightening U.S. consumers are cutting back on spending. The animal that is able to adapt is the one that survives and thrives in evolution, Chief Executive Ola Kaellenius...