European allies hesitate on US naval plan as UBS and Danone report gains
UBS and Danone posted strong financial growth, while European allies hesitated on a U.S. Strait of Hormuz naval mission and environmental studies highlighted resource depletion.
Swiss banking giant UBS reported a 17% year-on-year increase in second-quarter net profit to $2.8 billion for 2026, surpassing analyst expectations amid its continued integration of Credit Suisse. Pre-tax profit reached $3.59 billion. Concurrently, French food group Danone recorded a 4.2% rise in quarterly revenue to €7.2 billion.
In geopolitical developments, European allies have resisted joining a proposed U.S. naval mission to secure the Strait of Hormuz without prior agreements.
Meanwhile, environmental reports noted humanity exhausts its annual resource allocation by July 30, while a study indicated organic free-range egg production has roughly double the climate impact of caged farming.
Sources: Tanjug
Sources
Earlier coverage
- Jul 30, 2026, 01:00 AM UTCSerbia issues national alert as severe ten-day heatwave begins
- Jul 29, 2026, 10:30 PM UTCSerbian parliament rejects no-confidence motion as EIB funds Polish wind energy
- Jul 29, 2026, 04:30 PM UTCGlobal oil majors double quarterly profits while LVMH shares slip on luxury concerns