Daily news
February 3, 2025
Crypto Markets Rattle as Trump’s Tariffs Trigger Selloff 💰📉

The crypto market faced a sharp selloff on Monday as traders reacted to US President…

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February 3, 2025
stc Group Tops MENA Telecom Rankings with $57.7 Billion Market Cap 📶

Saudi Arabia’s stc Group has claimed the top spot as the largest publicly listed telecom…

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January 28, 2025
Gulf Markets Mixed as Saudi Stocks Rise on Real Estate Gains 🏢

Gulf stock markets were mostly subdued on Monday amid lingering uncertainty over U.S. trade policy,…

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January 28, 2025
Emerson Electric to Fully Acquire AspenTech for $7.2 Billion 💼

Emerson Electric (EMR.N) announced on Monday that it will acquire the remaining shares of AspenTech…

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January 28, 2025
Chinese AI Startup DeepSeek Shakes Global Tech Stocks 🌐

Chinese artificial intelligence startup DeepSeek has sparked a major shakeup in global technology markets, questioning…

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January 28, 2025
Nasdaq Futures Plunge as Chinese AI Startup Shakes Wall Street Confidence 🤖

Nasdaq futures plunged 4.3% on Monday, leading a sell-off on Wall Street after a Chinese…

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January 22, 2025
Chinese Officials Move to Stabilize Vanke Amid Liquidity Crisis and CEO Uncertainty 🏢💰

Chinese authorities are stepping in to stabilize operations at China Vanke Co. after growing liquidity…

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January 22, 2025
Pod Point Lowers Revenue Forecast Amid Weak Electric Vehicle Demand ⚡📉

Electric vehicle charging provider Pod Point Group (PODP.L) has revised its full-year revenue forecast, citing…

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January 21, 2025
Chinese Hedge Funds Race to Copy Bridgewater’s “All Weather” Strategy Amid Trump’s Second Term 🇨🇳💼

Chinese hedge fund managers are rushing to launch products inspired by Bridgewater Associates’ popular “All…

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January 21, 2025
Trump’s Debt Challenge: A National Crisis Looms 💸

Donald Trump, known for his knack for managing debt in real estate, faces a far…

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January 21, 2025
Saudi Arabia Leads GCC in IPO Activity with $4.1 Billion Raised in 2024 🌟

Saudi Arabia solidified its leadership in the Gulf Cooperation Council’s IPO market in 2024, generating…

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January 14, 2025
Wall Street Firms Fined $63 Million for Record-Keeping Failures 📱

The US Securities and Exchange Commission (SEC) announced settlements on Monday with 12 investment advisers…

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January 14, 2025
China Considers Elon Musk for Potential TikTok US Takeover 🤝

Chinese officials are reportedly exploring contingency plans involving Elon Musk acquiring TikTok’s US operations if…

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January 14, 2025
Tesla Overtakes Audi in Global Sales, Despite Challenges 🚗

Tesla Inc. surpassed Germany’s premium car brand Audi in 2024, delivering 1.79 million vehicles compared…

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January 14, 2025
Nvidia Stock Drops Amid New US AI Chip Export Rules 🚨

Nvidia (NVDA) shares fell nearly 2% on Monday following the Biden administration’s updated export restrictions…

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January 14, 2025
Saudi Arabia Dominates GCC IPO Market in 2024 📈

Saudi Arabia led the Gulf Cooperation Council’s IPO market in 2024, ranking seventh globally in…

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January 13, 2025
Hon Hai Revenue Surges on AI Demand, Shares Climb 📈

Hon Hai Precision Industry Co., also known as Foxconn, reported a 15% year-on-year revenue increase…

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January 13, 2025
Commodities Recap 2024: Gold Shines, Softs Surge, and Oil Tightens 🌍

Global commodity markets saw a mixed but notable year in 2024, with gold leading a…

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January 12, 2025
Insignia Financial Receives $1.8 Billion Takeover Bid 💼

Australian wealth manager Insignia Financial Ltd. has received a A$2.9 billion ($1.8 billion) takeover proposal…

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January 6, 2025
European Gas Prices Surge Amid Supply Concerns and Colder Weather ❄️

European natural gas prices climbed for the third consecutive week, rising 4% as tight supplies…

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January 6, 2025
Germany’s DAX Index to Lead Europe in Earnings Growth 📈

Despite economic headwinds, Germany’s DAX Index is projected to deliver earnings per share growth exceeding…

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January 6, 2025
FTSE 100 Dips Despite Weekly Gains 📉

London’s FTSE 100 fell 0.4% on Friday, marking its sharpest drop in over two weeks,…

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January 6, 2025
Wall Street’s Climate Retreat: U.S. Banks Exit Net-Zero Alliance 🌍

In a dramatic shift, major U.S. banks, including Goldman Sachs, Wells Fargo, Citigroup, Bank of…

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January 5, 2025
Saudi Arabia’s Green Bond Market: A Key Pillar of Vision 2030 🌿

Saudi Arabia’s green bond market is surging, cementing its role as a major player in…

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December 31, 2024
Saudi Arabia’s Startup Ecosystem: Driving Innovation Beyond Oil 🚀

Saudi Arabia’s startup ecosystem is accelerating, fueled by government-backed initiatives and increasing investor interest. While…

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December 31, 2024
WhiteRock Finance Launches Tokenization Platform for Global Securities 📈

WhiteRock Finance has unveiled a direct tokenization platform enabling blockchain-based trading of securities listed on…

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December 31, 2024
KKR, Bain Capital Submit $5 Billion Bids for Seven & i Non-Core Assets 💼

Private equity giants KKR and Bain Capital have each made first-round bids exceeding $5 billion…

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December 31, 2024
Alibaba and E-Mart Near $4 Billion E-Commerce Merger in South Korea 💻

Alibaba Group Holding Ltd. is reportedly close to merging its South Korean operations with E-Mart…

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December 31, 2024
Bitcoin Gains Amid MicroStrategy’s Plans to Expand Holdings 📈

Bitcoin edged higher on Thursday, climbing 0.32% to $98,747 as of 11:30 a.m. in Singapore,…

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December 29, 2024
Catastrophe Bonds Hit Record $17.7 Billion in 2024 Amid Rising Climate Risks 🌪️

Catastrophe-bond issuance surged to an all-time high of $17.7 billion this year, boosting the overall…

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December 29, 2024
Egypt Secures $1.2 Billion IMF Agreement Amid Economic Challenges 💰

Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) that could unlock…

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December 24, 2024
Nio to Launch Firefly EV Brand in Europe by 2025 🚗

Chinese electric vehicle (EV) maker Nio announced on Sunday its plan to debut its new…

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December 24, 2024
ECB to Continue Cutting Interest Rates in 2025 📉

The European Central Bank (ECB) plans to further reduce borrowing costs in 2025, according to…

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December 24, 2024
Markets Bounce Back as Inflation Cools 📈

The stock market recovered on Friday, reversing its earlier steep losses from the week, as…

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December 22, 2024
Indonesia Secures $1 Billion Investment from Apple, but Risks Loom 📱

Indonesia celebrated a significant victory after Apple Inc. agreed to increase its investment to $1…

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December 22, 2024
Saudi Arabia Cuts Interest Rates to 5% Amid Global Economic Shifts 💰

Saudi Arabia’s central bank, the Saudi Central Bank (SAMA), has reduced its benchmark interest rate…

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December 16, 2024
Databricks Nears $9.5 Billion Funding Round Amid AI Boom 🚀

Databricks is on the verge of closing a record-breaking venture capital funding round, potentially exceeding…

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December 16, 2024
Stocks End Flat as Broadcom Hits $1 Trillion Milestone 📈

U.S. stocks ended Friday’s session largely unchanged, with the S&P 500 (^GSPC) closing flat, the…

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December 16, 2024
OpenAI Pushes Back Against Musk’s Lawsuit Over Profit Structure 🤖

OpenAI urged a California federal judge on Friday to reject Elon Musk’s request to block…

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December 16, 2024
UniCredit Files €10 Billion Buyout Offer for Banco BPM 🏦

UniCredit officially submitted its €10 billion ($10.5 billion) all-share buyout offer for rival Banco BPM…

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December 16, 2024
Novo Holdings Nears $16.5 Billion Acquisition of Catalent 💊

Novo Holdings announced on Saturday that all regulatory conditions for its $16.5 billion acquisition of…

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December 15, 2024
Bank of Japan Weighs Rate Hike Timing Amid Mixed Signals 💱

Bank of Japan (BOJ) officials see little downside to delaying an interest rate hike while…

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December 15, 2024
Musk Jokes About Gates Facing Bankruptcy Over Tesla 📉

Tesla CEO Elon Musk suggested on X that Bill Gates could face bankruptcy if Tesla…

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December 15, 2024
Adobe’s 2025 Revenue Forecast Misses Expectations 📉

Adobe predicted fiscal 2025 revenue between $23.30 billion and $23.55 billion, falling short of Wall…

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December 15, 2024
Big Tech Drives Market Gains as Inflation Meets Expectations 🚀

Big Tech stocks lifted markets on Wednesday as investors absorbed inflation data that aligned with…

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December 15, 2024
PIF Wins Middle East PMO of the Year Award 🏆

Saudi Arabia’s Public Investment Fund (PIF) has been named the 2024 Middle East Project Management…

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December 10, 2024
Australia to Phase Out Risky Bank Bonds in Global First 🏦

Australia’s financial regulator, APRA, is set to become the first in the world to phase…

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December 10, 2024
China’s Solar Industry Faces Overcapacity Woes, Adopts OPEC-Style Measures ☀️

China’s solar manufacturers are uniting to tackle industry overcapacity with an OPEC-inspired production quota system….

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December 10, 2024
Kioxia to Price IPO, Valuing the Memory Maker at $5.5 Billion 💾

Kioxia Holdings Corp., backed by Bain Capital, is set to price its highly anticipated IPO…

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December 10, 2024
South Korean Firms Rethink $54B US EV Battery Investments Over Trump Policy Concerns ⚡

South Korean companies are reconsidering their ambitious $54 billion investment in U.S.-based EV battery plants…

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December 10, 2024
Egypt Climbs Global Air Transport Infrastructure Rankings ✈️

Egypt’s aviation sector has achieved remarkable progress, climbing 36 spots in the Air Transport Infrastructure…

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December 10, 2024
Saudi Aramco Cuts January Crude Oil Prices for Asia 📉

Saudi Aramco has reduced the official selling price (OSP) of its Arab Light crude for…

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December 9, 2024
U.S. House to Vote on $3B for Huawei, ZTE Equipment Removal 🛰️

The U.S. House of Representatives will vote next week on an annual defense bill that…

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December 9, 2024
India’s Foreign Minister: BRICS Not Aiming to Undermine U.S. Dollar 💵

BRICS nations have no intention of weakening the U.S. dollar, India’s Foreign Minister Subrahmanyam Jaishankar…

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December 9, 2024
Salesforce CEO Marc Benioff Praises Musk’s Role in Proposed Government Efficiency Initiative 🚀

Salesforce (CRM) CEO Marc Benioff has voiced support for Tesla CEO Elon Musk’s involvement in…

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December 8, 2024
HPE CEO Confident in $14B Juniper Networks Acquisition 🚀

Hewlett Packard Enterprise (HPE) CEO Antonio Neri remains optimistic about finalizing the $14 billion acquisition…

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December 8, 2024
Lululemon Shares Surge After Beating Q3 Estimates 🚀

Lululemon (LULU) delivered strong third-quarter earnings on Thursday, surpassing Wall Street expectations and boosting its…

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December 8, 2024
OPEC+ Extends Output Cuts to Support Market Stability 🛢️

OPEC+ announced on Thursday that it will extend its voluntary oil production cuts of 2.2…

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December 8, 2024
Cargill to Cut 8,000 Jobs Amid Revenue Slump 🌾

Cargill, one of the world’s largest agricultural trading houses, announced plans to reduce its global…

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December 8, 2024
Trump Vows to Block US Steel Sale to Japan, Promises Tariffs and Incentives 🏭

Donald Trump has reiterated his opposition to Nippon Steel Corp.’s proposed acquisition of United States…

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December 4, 2024
Saudi Aramco Acquires 10% Stake in HORSE Powertrain for €7.4B 🌍

Saudi Aramco has finalized its acquisition of a 10% stake in HORSE Powertrain Ltd., a…

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December 3, 2024
Rakuten Plans $500M Bond Sale Amid Low High-Yield Costs 💰

Rakuten Group Inc. is preparing a $500 million bond sale, capitalizing on near 17-year lows…

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December 3, 2024
JPMorgan Rejects Transition Finance Frameworks, Questions Viability 🌱

JPMorgan Chase & Co. is bucking a trend among major Wall Street banks by opting…

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December 3, 2024
Oil Prices Rise Amid Signs of China’s Economic Recovery and OPEC+ Meeting 🛢️

Oil prices edged higher as Asian markets gained on optimism surrounding China’s economic recovery. Brent…

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December 3, 2024
Fast Retailing Shares Drop Amid Xinjiang Cotton Concerns 🛍️

Shares of Fast Retailing, the parent company of Uniqlo, fell as much as 4.5% on…

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December 3, 2024
Arab Stock Markets Surge in Trading Activity Despite Mixed Performance 📈

Arab stock markets saw a significant boost in October, with trading values rising 16.35% to…

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December 2, 2024
OpenAI Employees Cash Out $1.5 Billion in SoftBank Deal 🌐

OpenAI, the company behind ChatGPT, is reportedly allowing employees to sell $1.5 billion worth of…

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December 2, 2024
Global Smartphone Sales Rebound, but Apple Struggles to Keep Pace 📱

After two years of decline, global smartphone sales surged by 6.2% in 2024, reaching an…

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December 2, 2024
Temu and Shein Drive Up Black Friday Ad Costs with Aggressive Keyword Bidding 💰

Heavy online marketing by Temu and Shein is making Black Friday advertising more expensive for…

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November 27, 2024
Netflix Hits Record Highs, Analysts Predict $1,000+ Share Price 🚀

Netflix (NFLX) stock reached new highs every day last week, marking its best weekly performance…

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November 27, 2024
Trump and Musk Eye Bold Spending Cuts, Reviving Debate Over “Impoundment” 💰

President-elect Donald Trump and his close ally Elon Musk are raising eyebrows with ambitious plans…

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November 26, 2024
UniCredit Bids €10B for Banco BPM in Major Banking Move 💶

UniCredit SpA has launched a €10 billion ($10.6 billion) all-share bid for Italian rival Banco…

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November 26, 2024
Tim Cook Joins Global CEOs for Beijing Trade Talks 🇨🇳

Apple CEO Tim Cook joined over 20 international business leaders in a meeting with China’s…

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November 26, 2024
Morgan Stanley to Open Regional Headquarters in Saudi Arabia 🌍

Morgan Stanley has received approval to establish its regional headquarters in Saudi Arabia, joining a…

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November 25, 2024
Trump’s Treasury Secretary Pick Could Ease Bond Market Concerns 💼

President-elect Donald Trump’s selection of Scott Bessent as Treasury Secretary is expected to alleviate some…

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November 25, 2024
Bitcoin Breaks Records: Eyes on $100K Amid Pro-Crypto Momentum 💹

Bitcoin soared to a record high on Friday, inching closer to the landmark $100,000 threshold….

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November 25, 2024
Holiday Shopping Season: A Key Test for U.S. Consumers and Retailers 🛍️

The upcoming Black Friday marks the start of a holiday shopping season that will offer…

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November 25, 2024
Goldman Sachs Faces $900M Loss After Northvolt Bankruptcy 📉

Goldman Sachs’ private equity funds are set to write off nearly $900 million after Swedish…

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November 25, 2024
Microsoft’s AI-Powered Recall Feature Set to Launch 🚀

Microsoft is preparing to release its long-awaited Recall feature, powered by artificial intelligence, for Windows…

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November 25, 2024
Adani Group Addresses U.S. Bribery Allegations Linked to Adani Green 🌍

Adani Group’s Chief Financial Officer, Jugeshinder Singh, clarified on Saturday that the recent U.S. bribery…

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November 25, 2024
Aramco Digital Eyes $1 Billion Stake in U.S. Telecom Pioneer Mavenir 📡

Saudi Aramco’s digital arm, Aramco Digital, is in advanced talks to acquire a significant minority…

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November 21, 2024
China Limits Domestic Investment in Offshore LGFV Bonds 📉

China has restricted domestic investors from buying offshore yuan bonds—known as dim sum bonds—issued by…

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November 21, 2024
Oil Steadies After Gains Amid Dollar Weakness and Market Optimism 🛢️

Oil prices stabilized following their largest single-day gain in over five weeks, driven by a…

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November 20, 2024
IMF Warns Tariffs Could Disrupt Asia’s Growth, Despite Region’s Resilience 🌏

The International Monetary Fund (IMF) has raised concerns over the impact of escalating trade tensions…

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November 20, 2024
Talabat’s $1.5 Billion Dubai IPO Fully Subscribed Within Minutes 🚀

Delivery Hero SE’s Middle East arm, Talabat, has garnered full demand for its $1.5 billion…

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November 20, 2024
Goldman Sachs Forecasts S&P 500 to Hit 6,500 by 2025 📈

Goldman Sachs predicts the S&P 500 index will climb to 6,500 by the end of…

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November 19, 2024
Klarna’s Wild Ride to IPO: Boardroom Drama, AI Layoffs, and a Big-Screen Deal 🎬📈

Klarna Group Plc’s journey to its highly anticipated US IPO has been anything but conventional….

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November 19, 2024
ByteDance Hits $300 Billion Valuation Amid US TikTok Challenges 💰📱

TikTok’s parent company, ByteDance Ltd., has reached an estimated valuation of $300 billion, one of…

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November 19, 2024
Saudi Arabia’s Non-Oil Economy Poised for 4.4% Growth by 2025 🌱📈

Saudi Arabia’s non-oil economy is forecasted to grow by 4.4% in 2025 as the Kingdom…

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November 19, 2024
Michael Saylor’s Bitcoin Bet Turns MicroStrategy Into Financial Powerhouse 🚀💰

Michael Saylor’s bold move to replace cash with Bitcoin on MicroStrategy Inc.’s balance sheet has…

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November 19, 2024
UAE Stock Market Hits $1 Trillion Milestone, Fueled by Abu Dhabi Firms 📊🇦🇪

For the first time, stocks listed in the United Arab Emirates have surpassed a combined…

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November 18, 2024
Venture Global LNG Prepares for $3 Billion IPO Amid Industry Expansion Plans 📈🌍

Venture Global LNG Inc., one of the United States’ largest suppliers of liquefied natural gas,…

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November 18, 2024
Italy Sells Stake in Monte Paschi to Boost Local Shareholder Base 🇮🇹💶

Prime Minister Giorgia Meloni’s government has sold a minority stake in Banca Monte dei Paschi…

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November 17, 2024
Copper Drops Below $9,000 as Strong Dollar, Economic Concerns Pressure Metals 📉💰

Copper prices slipped below $9,000 per ton on the London Metal Exchange (LME), marking their…

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November 17, 2024
Canadian Stock Market Nears 25,000 Points Mark, Led by Shopify’s Surge 🚀📈

Canada’s main stock benchmark, the S&P/TSX Composite Index, closed at a record high on Tuesday,…

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November 17, 2024
Global Markets React to Trump 2.0 Policies, Inflation Worries Spike 📉

European equity futures and US stock futures slipped on Wednesday as investors grappled with inflation…

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November 17, 2024
China Launches Dollar Bonds in Saudi Arabia, Strengthening Economic Ties 🌍

China is making headlines with its first dollar bond issuance since 2021, choosing Saudi Arabia…

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November 17, 2024
Saudi Wealth Fund Sells $1 Billion Stake in Telecom Giant to Support Vision 2030 🌐📉

Saudi Arabia’s Public Investment Fund (PIF) has sold part of its stake in Saudi Telecom…

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November 11, 2024
Barrick Gold Faces Investor Doubts Amid Production Woes and Rising Costs 💰

While gold prices have surged by 30% this year, Barrick Gold Corp., the world’s second-largest…

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November 11, 2024
Silicon Valley Braces for Tech Boom Under Trump 2.0 🚀

Silicon Valley venture capitalists are preparing for a major transformation as Donald Trump’s election win…

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November 11, 2024
Bitcoin Nears $80,000 Milestone Amid Trump’s Pro-Crypto Stance 🚀💰

Bitcoin surged close to the $80,000 mark for the first time, fueled by President-elect Donald…

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November 11, 2024
ECB’s Holzmann Signals Possible December Rate Cut Amid Trade Concerns 🌍📉

European Central Bank (ECB) Governing Council member Robert Holzmann has suggested that a December interest…

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November 11, 2024
Saudi Arabia Secures Over $9.4 Billion in Agreements at Biban 24 in Riyadh 🌍🚀

Saudi Arabia’s Biban 24 event, themed “A Global Destination for Opportunities,” concluded with agreements surpassing…

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November 10, 2024
S&P 500 Could Surge 5% More This Year, Morgan Stanley’s Mike Wilson Says 📈📊

Morgan Stanley’s Mike Wilson predicts the S&P 500 could see a 5% surge by the…

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November 10, 2024
CMOC Warns of Declining Cobalt Demand in EV Batteries as LFP Batteries Gain Ground 🔋📉

CMOC Group Ltd., the world’s largest cobalt producer, has raised concerns over the shrinking role…

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November 10, 2024
Commerzbank Raises Outlook and Announces €400 Million Share Buyback Amid UniCredit Takeover Talks 💼💶

Commerzbank AG has raised its full-year outlook, bolstered by stronger-than-expected third-quarter results. The Frankfurt-based lender…

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November 10, 2024
Lulu IPO Attracts $37 Billion in Orders for $1.72 Billion Listing in Abu Dhabi 📈💵

Lulu Retail Holdings Plc, operator of the hypermarket chain Lulu, has received a staggering $37…

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November 10, 2024
China to Issue Dollar-Denominated Bonds in Saudi Arabia Starting November 11 🇨🇳💰

China has unveiled plans to issue dollar-denominated bonds in Saudi Arabia, marking its first debt…

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November 10, 2024
Saudi Aramco Surpasses Q3 Profit Forecasts with $27.52 Billion Earnings 💰🌍

Energy giant Saudi Aramco reported a net profit of SR103.37 billion ($27.52 billion) for the…

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November 6, 2024
Nintendo Cuts Profit Forecast Amid Declining Switch Sales 🎮📉

Nintendo Co. has revised its full-year outlook downwards after experiencing its fifth consecutive quarter of…

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November 6, 2024
South Korea Fines Meta Platforms $15.67 Million for Data Privacy Violations 📉💰

South Korea has imposed a hefty fine of 21.62 billion won (approximately $15.67 million) on…

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November 6, 2024
Wall Street Weighs Impact of Musk’s Budget-Cut Plans 🏦

As the U.S. election nears, Wall Street strategists are analyzing the economic consequences not just…

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November 6, 2024
Gold Holds Steady Ahead of US Election and Fed Decision 🏦

Gold prices remained stable as the market prepared for a tight U.S. presidential election and…

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November 6, 2024
Morgan Stanley Gains Approval to Launch Futures Business in China 🌏

Morgan Stanley has secured final approval to establish its futures business in China, becoming the…

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November 5, 2024
Tech Titans Amazon and Alphabet Shine Amid AI Spending Frenzy 🌐🤖💰📈

Amazon and Alphabet’s quarterly earnings this week showcased how to balance massive AI investments with…

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November 5, 2024
Apple (AAPL) Stock Slips After Earnings Amid Mixed Results and Hints of AI Impact 📉🍏

Apple’s stock edged lower on Friday following the release of its latest earnings, as investors…

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November 5, 2024
Big Tech Earnings Leave Investors Disappointed Despite AI Buzz 🤖💸

Investors hoping for a boost to the S&P 500 from the earnings of five major…

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November 5, 2024
Boeing’s Massive $23.5 Billion Capital Raise Brings Major Payday for Banks 💰✈️

Boeing Co.’s recent $23.5 billion capital raise has proven lucrative for four major banks: Goldman…

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November 4, 2024
BYD Sees Record Growth, Surpassing Tesla in Quarterly Revenue 🚗⚡

Chinese electric vehicle giant BYD has significantly increased its production and workforce, adding nearly 200,000…

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November 4, 2024
Saudi Arabia’s Startup Ecosystem Shines Amid Rising Valuations and Investment Surge 🚀💼

Saudi Arabia’s startup ecosystem is undergoing a significant transformation, with attractive valuations and a surge…

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October 31, 2024
GDS Holdings Raises $1B for Global Data Centers 🌍💸

GDS Holdings Ltd. has secured $1 billion from mainly new US investors to expand its…

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October 31, 2024
Snap Reports Strong Q3 Results, Announces $500M Buyback 📈💰

Snap Inc., the parent company of Snapchat, exceeded Wall Street’s revenue and user growth expectations…

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October 31, 2024
Samsung’s AI Hopes Fade Amid Rapid Decline in Stock Value 📉

Just a few months ago, Samsung Electronics seemed set to soar amid the global AI…

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October 31, 2024
Asian Markets Show Mixed Results as Japan’s Nikkei Gains 📈

Asian markets exhibited a mixed performance on Wednesday, with Japan’s Nikkei 225 climbing 1.3% to…

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October 31, 2024
AMD Stock Slips Despite Beating Q3 Revenue Expectations 💼📉

AMD (AMD) posted its fiscal third-quarter earnings on Tuesday, meeting analysts’ earnings-per-share (EPS) expectations and…

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October 31, 2024
Korea Zinc Shares Drop as New Stock Issuance Unveiled 📉

Korea Zinc, the world’s leading zinc refiner, saw its shares plummet by nearly 29.9% on…

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October 31, 2024
Saudi Arabia Maintains Oil Capacity Amid Renewable Shift 🌍💡

Saudi Arabia remains committed to its crude oil production capacity of 12.3 million barrels per…

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October 29, 2024
Indonesia Blocks iPhone 16 Sales Over Local Investment Requirements 📱

Indonesia has blocked Apple Inc. from selling its iPhone 16, launched in September, until the…

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October 29, 2024
Cuckoo International Eyes $172 Million in Malaysia IPO as Part of Major 2024 Listing Plans 💹

The Malaysian arm of South Korea’s Cuckoo Holdings Co. is gearing up for a substantial…

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October 29, 2024
AI ETFs on the Rise: Investors Race to Capitalize on the AI Boom 📈🤖

Exchange-traded funds (ETFs) focused on artificial intelligence are multiplying rapidly as asset managers tap into…

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October 29, 2024
China’s Gold Demand Plummets Amid Record Prices and Economic Slump 📉✨

China, the world’s largest gold consumer, witnessed a sharp decline in gold demand in the…

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October 29, 2024
Saudi Arabia to Host Finance and Tech Giants Amid Regional Tensions 🌍💼

Saudi Arabia is set to welcome some of the world’s top leaders in finance and…

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October 29, 2024
Saudi Arabia’s Wa’ed Ventures Earmarks $100 Million for AI Startups 💼🤖

Saudi Arabia’s venture capital fund, Wa’ed Ventures—a $500 million subsidiary of Aramco—has allocated $100 million…

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October 28, 2024
Microsoft Considers Bitcoin Investment Amid Board Pushback 💰🪙

Microsoft, currently valued over $3 trillion, is considering the possibility of investing in bitcoin, the…

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October 28, 2024
Alibaba Agrees to $433.5 Million Settlement in U.S. Class-Action Lawsuit 💼🛍️

Chinese e-commerce giant Alibaba announced on Friday that it has agreed to pay $433.5 million…

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October 28, 2024
Brookfield Aims to Offload $1.5 Billion Private Credit Portfolio 💸📉

Brookfield Wealth Solutions is seeking buyers for a private credit portfolio valued at approximately $1.5…

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October 28, 2024
Bank of England Advances Reluctantly on Digital Currency Plans 💷💻

The Bank of England (BoE) is continuing its exploration of a digital currency, despite hesitations,…

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October 28, 2024
Swiggy Slashes IPO Valuation Amid Market Volatility 🍲📉

Indian food delivery leader Swiggy has cut its IPO valuation again, this time to $11.3…

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October 28, 2024
Nvidia Surpasses Apple as Most Valuable Company 🌐💥

Nvidia briefly claimed the title of the world’s most valuable company on Friday, surpassing Apple…

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October 27, 2024
Tesla’s Market Value Soars by $80 Billion Following Strong Q3 Profit and Bold Forecasts 🚀📈

Tesla Inc. saw its market value jump by $80 billion after reporting its largest quarterly…

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October 27, 2024
ServiceNow Posts Strong Q3 Results, But AI Expectations Weigh on Stock 📉🤖

ServiceNow Inc. reported solid third-quarter growth, with subscription sales rising 23% to $2.7 billion and…

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October 27, 2024
Global ETF Giants Target India’s Bond Market for Billions 💸📈

Some of the largest exchange-traded fund (ETF) providers are positioning themselves to capture the billions…

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October 27, 2024
Barclays Beats Forecasts with 18% Profit Jump, Raises Income Outlook 📈💼

Barclays reported an 18% rise in third-quarter profit, surpassing expectations and boosting its full-year income…

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October 24, 2024
Perplexity CEO “Surprised” by Lawsuit from Rupert Murdoch’s Media Empire 📜⚖️

Perplexity CEO Aravind Srinivas expressed surprise at the recent lawsuit filed by Rupert Murdoch’s Dow…

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October 24, 2024
Global Bond Sales Set to Surge 17% in 2024, S&P Global Revises Forecast 📊💰

Global bond sales are expected to rise by 17% this year, reaching approximately $9 trillion,…

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October 24, 2024
Saudi Arabia Sees a Surge in Foreign Direct Investment Inflows in 2023 📈💼

Saudi Arabia’s foreign direct investment (FDI) inflows reached SR96 billion ($25.6 billion) in 2023, a…

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October 23, 2024
UBS Offloads Credit Suisse’s Stake in Swisscard to American Express 💳

UBS is selling the 50% stake it acquired in Swisscard, a credit card provider, from…

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October 23, 2024
Uncertainty and High Interest Rates Delay Tendam’s IPO Plans 💼📉

Spanish fashion retailer Tendam has delayed its initial public offering (IPO) due to uncertainty in…

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October 23, 2024
Salesforce and Blue Shield Team Up to Revolutionize Prior Authorizations with AI 🏥🤖

Salesforce (CRM) and Blue Shield of California have partnered to create an AI-driven system aimed…

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October 23, 2024
Microsoft Expands AI Push with Autonomous Agents for Enterprises 🤖💼

Microsoft (MSFT) continues to capitalize on its massive investments in artificial intelligence (AI) with a…

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October 23, 2024
India’s Largest Solar Producer Waaree Energies Sees $514 Million IPO Fully Subscribed in Hours ⚡☀️

India’s largest solar-panel manufacturer, Waaree Energies Ltd., saw its $514 million initial public offering (IPO)…

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October 23, 2024
Aramco Calls for New Energy Transition Strategy Focused on Asia 🌏⚡

Saudi Aramco has urged the development of a new energy transition strategy that better addresses…

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October 21, 2024
Asia’s Stock Markets Brace for Biggest Week of Listings in Over Two Years 📈🌏

Asia’s stock markets are gearing up for their busiest week of listings in over two…

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October 21, 2024
IMF Urges Global Finance Chiefs to Tighten Fiscal Policies Ahead of Washington Meetings 🌍💼

As global finance leaders prepare to gather in Washington, the International Monetary Fund (IMF) has…

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October 21, 2024
GQG Partners Sells Stake in BBVA Over Banco Sabadell Takeover Bid 💼🇪🇸

GQG Partners, one of the largest shareholders of Spanish bank BBVA (BBVA.MC), has sold its…

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October 21, 2024
Eutelsat Launches 20 Satellites with SpaceX, Eyes Future Growth 🚀🌍

Eutelsat (ETL.PA), the world’s third-largest satellite operator by revenue, successfully launched 20 satellites for its…

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October 21, 2024
Netflix Stock Soars 11% After Strong Q3 Earnings and Subscriber Growth 🚀📈

Netflix (NFLX) shares surged 11% on Friday, hitting a record high above $760, after the…

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October 21, 2024
Saudi Arabia Dominates MENA Startup Funding with $170.8 Million Raised 💸🚀

Saudi Arabia’s startup ecosystem claimed 60% of the Middle East and North Africa (MENA) region’s…

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October 15, 2024
Global Public Debt Set to Surpass $100 Trillion Amid Rising Spending Pressures 💰📈

The International Monetary Fund (IMF) announced that the world’s total public debt is projected to…

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October 15, 2024
Seven & i Holdings Restructures to Fend Off $47 Billion Takeover Bid 🚀🛒

Seven & i Holdings, the Japanese retail giant, is undergoing a major restructuring to fend…

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October 15, 2024
Bausch + Lomb Shares Surge Amid Buyout Rumors 👀💼

Bausch + Lomb Corporation (BLCO) shares soared over 7% on Monday following reports that private…

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October 15, 2024
SiriusXM Shares Surge After Berkshire Hathaway Increases Stake 📈🎙️

SiriusXM (SIRI) shares soared nearly 9% on Monday following news that Warren Buffett’s Berkshire Hathaway…

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October 15, 2024
Nvidia Leads AI Chip Stock Surge Amid Soaring Demand 🚀💻

Nvidia (NVDA) reached a record high on Monday, continuing its impressive rally as investor enthusiasm…

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October 15, 2024
Hyundai IPO Loses Steam in India’s Gray Market 🌧️🚗

India’s unregulated gray market is showing signs of cooling excitement surrounding Hyundai Motor India Ltd.’s…

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October 15, 2024
Saudi Arabia’s PIF Expands Green Investment Projects to Over $19.4 Billion 🌍

The Public Investment Fund (PIF) of Saudi Arabia has increased its green project investments to…

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October 14, 2024
Saudi Arabia Set to Lead Regional Decentralized Finance Revolution 💡

Fintech experts believe that Saudi Arabia is poised to lead the regional decentralized finance (DeFi)…

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October 14, 2024
TPG Telecom to Sell Fiber Assets for A$5.25 Billion Deal 💼💡

TPG Telecom Ltd. has reached an agreement to sell its fiber assets and fixed business…

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October 14, 2024
Commodities Surge Amid Geopolitical Tensions and Renewable Push 🌍📈

Investors are bracing for potential volatility in global commodity markets as geopolitical uncertainties and interest…

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October 14, 2024
SpaceX Achieves Major Milestone in Fifth Starship Test Flight 🚀🌕

SpaceX successfully carried out a daring engineering feat on Sunday during its fifth Starship test…

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October 14, 2024
Virgin Australia Reports Strong Financial Gains, Eyes Public Offering ✈️💼

Virgin Australia announced on Monday its second consecutive annual profit, alongside a 6.8% increase in…

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October 14, 2024
Showdown Over Control of Korea Zinc Nears Critical Deadline 💼⚡

The fierce battle for control of Korea Zinc Co., the world’s largest zinc smelter, is…

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October 14, 2024
Tesla Faces Reality Check as Valuation Plunges After Robotaxi Event 💸⚡

Tesla (TSLA) investors received a harsh lesson in fundamentals as the company’s highly anticipated robotaxi…

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October 14, 2024
Saudi Arabia to Invest SR1 Trillion in Logistics Sector to Become Global Hub by 2030 🌍🚚

Saudi Arabia is set to invest more than SR1 trillion ($267 billion) in its logistics…

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October 13, 2024
Sweden Rules Out Activating $1.5 Billion in Credit Guarantees for Northvolt’s Expansion 🚫

Sweden’s National Debt Office (NDO) has confirmed it will not activate $1.5 billion in credit…

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October 13, 2024
Meta Expands AI-Powered Chatbot to 21 New Countries, Including UK and Brazil 🌍

Meta Platforms Inc. is rolling out its AI chatbot, Meta AI, to 21 additional countries,…

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October 13, 2024
Apple’s Dan Riccio, Vision Pro Leader, Retires After 26 Years 🎬

Dan Riccio, a longtime Apple executive and key figure behind the company’s mixed-reality headsets, is…

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October 10, 2024
OpenAI’s Bret Taylor’s Sierra in Talks for $4 Billion-Plus Valuation Amid AI Funding Surge 🚀

Sierra, the AI startup co-founded by OpenAI Chairman Bret Taylor and former Google executive Clay…

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October 10, 2024
Wall Street Hits Record Highs Amid Fed Minutes and Inflation Data Anticipation 📈

Wall Street stocks surged on Wednesday, with the S&P 500 and Dow Jones Industrial Average…

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October 10, 2024
China’s Central Bank Launches $70.6 Billion Swap Facility to Boost Stock Market 📊

China’s central bank, the People’s Bank of China (PBOC), has introduced a swap facility designed…

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October 10, 2024
Saudi Arabia’s Digital Infrastructure Pushes Technology Market to Record SR91 Billion in 2023 📈

Saudi Arabia’s thriving digital infrastructure has propelled its technology market to a record-breaking SR91 billion…

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October 9, 2024
FTX Wins Approval to Repay Customers, Marking Unusual Bankruptcy Recovery 💰

FTX, the cryptocurrency firm that collapsed in November 2022, has received court approval to fully…

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October 9, 2024
Chevron to Sell Athabasca Oil Sands and Duvernay Assets to Canadian Natural for $6.5 Billion 💼

Chevron (CVX.N) announced on Monday that it is selling its assets in the Athabasca oil…

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October 9, 2024
Amazon Stock Drops 3% as Wells Fargo Downgrades Amid Profit Margin Concerns 📉

Amazon (AMZN) stock closed 3% lower on Monday after Wells Fargo analysts downgraded the company’s…

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October 9, 2024
U.S. Judge Orders Google to Revamp Android App Business 📱

A U.S. judge has ordered Google to make significant changes to its mobile app business,…

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October 9, 2024
Warren Buffett’s Berkshire Hathaway Sells Over $10 Billion in Bank of America Stock 💼

Warren Buffett’s conglomerate, Berkshire Hathaway, has crossed the $10 billion mark from selling shares of…

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October 9, 2024
PIF Partners with Central Group to Invest in Selfridges Group 🛍️

Saudi Arabia’s Public Investment Fund (PIF) has announced a strategic partnership with Central Group, a…

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October 6, 2024
FTSE 100 Rises as Oil and Metal Shares Gain, JD Sports Falls 🛢️

The UK’s FTSE 100 index opened 0.4% higher on Wednesday, driven by strong gains in…

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October 6, 2024
Peak XV Partners Reduces Growth Fund Amid Soaring Valuations in India 📉

Peak XV Partners, previously part of Sequoia Capital, has reduced its growth fund by $465…

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October 6, 2024
Japanese Firms Surge in Dollar Bond Issuance Amid Diverging Monetary Policies 💸

Japanese companies are rapidly increasing their dollar bond sales, with issuances rising by 60% to…

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October 6, 2024
Oracle to Invest $6.5 Billion in Malaysia for Cloud and AI Services 💻

Oracle Corp. plans to invest $6.5 billion in building a cloud services center in Malaysia,…

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October 6, 2024
Chinese Stock Rally Costs Short Sellers Billions 📉

A recent surge in Chinese stocks has left traders betting against US-listed shares facing $6.9…

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October 6, 2024
Saudi Arabia’s AUM Set to Cross $300 Billion by 2026: Fitch Ratings 📈

Saudi Arabia’s assets under management (AUM) are expected to surpass $300 billion within two years,…

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October 2, 2024
S&P 500 Hits Record High Despite Fed Uncertainty 📈

On Monday, the S&P 500 reached a new record high, recovering from a brief drop…

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October 2, 2024
ADNOC’s Major Move: €14.7 Billion Covestro Acquisition 🌍

Abu Dhabi’s state oil giant, ADNOC, has agreed to acquire German chemicals producer Covestro for…

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October 2, 2024
Singapore’s REITs to Revive IPO Market 💼

Singapore’s struggling initial public offering (IPO) market is hoping for a turnaround in 2024, driven…

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October 2, 2024
The Metals Industry’s Warehouse Dilemma 🔗

In 2002, a US warehouse owner disrupted the metals industry by charging fees for securing…

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October 2, 2024
Chinese Stocks Surge Amid Stimulus Frenzy, Enter Bull Market 📈

Shao Qifeng, Chief Investment Officer at Ying An Asset Management, has never seen such excitement…

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October 2, 2024
Saudi Arabia’s Foreign Direct Investment Rises by 23.4% in Q2 2024 📈

Saudi Arabia recorded a 23.4% rise in foreign direct investment (FDI) during the second quarter…

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October 1, 2024
Manchester Launches £1.7 Billion Science and Technology Hub to Drive Innovation 🚀

Manchester has officially opened the first phase of its £1.7 billion ($2.3 billion) ‘Sister’ innovation…

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October 1, 2024
Ireland Projects 8% Budget Surplus in 2024, Boosted by €14 Billion Apple Back Tax 💶

Ireland is set to achieve a budget surplus of 8% of modified gross national income…

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October 1, 2024
Elliott Investment Unit Wins Bid for Citgo Parent Shares in U.S. Court Auction 💼

An affiliate of Elliott Investment Management, Amber Energy, has been named the presumptive winner in…

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September 30, 2024
TPG Set to Acquire $2 Billion Stake in Creative Planning 💼

Private equity firm TPG is leading the race to acquire a minority stake in wealth…

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September 30, 2024
Actively Managed ETFs Hit Record $1 Trillion in Assets 📈

Global assets in actively managed exchange-traded funds (ETFs) reached a record $1 trillion by the…

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September 26, 2024
Spain Issues New 12-Year Debt Amid Strong Investor Demand 💶

Spain is tapping into robust investor demand with a new 12-year bond offering, following the…

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September 26, 2024
Orange to Delist from New York Stock Exchange 🏦

French telecom giant Orange (ORAN.PA) announced on Wednesday its decision to delist its shares from…

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September 26, 2024
AI Market Poised to Reach $990 Billion by 2027 🌍

The global market for AI-related products is expected to soar, reaching up to $990 billion…

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September 26, 2024
BlackRock: Bitcoin May Not Be a ‘Risk-On’ Asset Despite Correlation with US Equities 💰

Although Bitcoin has shown strong correlation with US equity price movements recently, BlackRock’s head of…

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September 26, 2024
Visa Shares Drop Amid U.S. Antitrust Lawsuit 💳

Visa’s stock plummeted over 5% after the U.S. Justice Department filed an antitrust lawsuit, accusing…

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September 26, 2024
Coronado Unit Sells Rare $400 Million Bond in Dollar Market 💵

Australia’s Coronado Global Resources Inc. raised $400 million through a five-year bond, marking a rare…

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September 26, 2024
Nomura Faces ¥21.8 Million Fine for Alleged Bond Market Manipulation 💼

Nomura Holdings Inc. is facing a ¥21.8 million ($152,000) fine for allegedly manipulating the Japanese…

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September 26, 2024
Masdar Acquires Green Energy Firm Saeta Yield for $1.4 Billion 🌍

United Arab Emirates’ renewable energy company, Masdar, has announced an agreement to acquire the green…

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September 25, 2024
Amazon Joins Forces to Purchase Carbon Credits for Rainforest Conservation 🌳

Amazon and several other companies have agreed to purchase carbon offset credits valued at approximately…

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September 25, 2024
FTC Expected to Approve Chevron’s Purchase of Hess this Week 🚨

The U.S. Federal Trade Commission is expected to approve Chevron’s $53 billion acquisition of Hess…

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September 25, 2024
European Stocks and US Equity Futures Rise on China’s Stimulus Measures 📈

European stocks and US equity futures advanced after China unveiled a series of stimulus measures…

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September 25, 2024
Aramco Plans to Issue Dollar-Denominated Sukuk to Support Global Expansion 🌍

Saudi energy giant Aramco is set to issue US dollar-denominated sukuk through its SA Global…

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September 23, 2024
U.S. Set to Ban Chinese Software and Hardware in Autonomous Vehicles by 2027 🚗

The U.S. Commerce Department is expected to propose a ban on Chinese software and hardware…

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September 23, 2024
Bitcoin Climbs to One-Month Highs Amid Fed Rate Cut Rally 💰

Bitcoin surged to one-month highs on Monday, continuing its rally following the Federal Reserve’s aggressive…

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September 23, 2024
IPO Market Struggles to Rebound in 2024, But Some Companies Forge Ahead 💼

The anticipated recovery of the IPO market in 2024 has yet to materialize. High interest…

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September 23, 2024
Global Commodities Update: Oil, Grains, Lithium, and More 🌍 Read more
September 23, 2024
Apollo Global Management Considers $5 Billion Investment in Intel 💼

Apollo Global Management Inc. has reportedly offered to invest up to $5 billion in Intel…

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September 23, 2024
TSMC and Samsung Explore Building Major Chip Factories in UAE Amid AI Boom 💻

Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co. are in talks to construct massive…

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September 22, 2024
Eduardo Saverin’s Family Donates $15.5 Million to Singapore American School 🎓

The family of Eduardo Saverin, Facebook co-founder, has made a generous donation of S$20 million…

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September 22, 2024
Chinese Bubble Tea Makers’ IPOs Delayed Amid Weaker Market Performance 🧋

The offshore share offerings of three major Chinese bubble tea chains—Mixue Bingcheng, Guming Holdings, and…

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September 22, 2024
FedEx Warns of Slower Business Ahead, Shares Plummet 📉

FedEx Corp. experienced its steepest drop in two years, tumbling 15% on Friday after warning…

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September 22, 2024
Emerging Market Currencies Extend Gains Amid Mixed Signals from Fed 🌍📈

Emerging-market currencies posted an eighth consecutive week of gains, despite a shaky risk-on sentiment following…

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September 22, 2024
Nike Appoints New CEO to Mend Retailer Relations and Boost Sales 👟📈

Nike has named company veteran Elliott Hill as its new CEO, signaling a shift in…

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September 22, 2024
Gold Surges Past $2,600 Amid Rate Cut Bets and Geopolitical Tensions 🏅📈

Gold soared above $2,600 for the first time on Friday, driven by expectations of further…

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September 22, 2024
Bank of England Warns of Rising FX Trade Failures 💱💼

A significant portion of daily currency trades are at risk of failure, according to the…

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September 22, 2024
Citadel Securities Expands in Europe, Boosts Rates Trading 📈💶

Citadel Securities is making significant moves in Europe, unlike its US approach. In the US,…

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September 22, 2024
Ray Dalio and GIC’s Lim Chow Kiat Cautious Amid Global Uncertainty, But Remain Invested in China 🌏💼

Ray Dalio, founder of Bridgewater Associates, and Lim Chow Kiat, CEO of Singapore’s sovereign wealth…

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September 22, 2024
Commerzbank CFO Bettina Orlopp to Lead UniCredit Talks Amid Merger Speculation 💼🇩🇪🇮🇹

Commerzbank is set to appoint CFO Bettina Orlopp to lead negotiations with UniCredit after the…

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September 19, 2024
BitGo to Launch Rewards-Based Stablecoin USDS in 2024 💰🚀

BitGo plans to launch a dollar-backed stablecoin, USDS, next year, setting itself apart in the…

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September 19, 2024
Saudi Arabia’s National Debt Management Center Completes SR2.6 Billion Sukuk Issuance for September 💼💰

Saudi Arabia’s National Debt Management Center (NDMC) successfully completed its riyal-denominated sukuk issuance for September,…

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September 18, 2024
Midea Group’s Hong Kong Debut Sees Stock Surge 9.5% Amid Strong Investor Demand 📈

Midea Group, the Chinese home appliances giant, saw its stock jump by up to 9.5%…

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September 18, 2024
Oracle Stock Hits Record High Amid Cloud Growth and Analyst Praise ☁️💼

Oracle (ORCL) shares soared to an all-time high on Monday after two major investment firms…

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September 18, 2024
Intel Shares Surge as Company Announces Cost-Cutting Measures and Major New Deals 📈💼

Intel (INTC) shares surged in extended trading on Monday after CEO Pat Gelsinger updated investors…

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September 18, 2024
Microsoft Announces $60 Billion Stock Buyback and 10% Dividend Increase 💼💻

On Monday, Microsoft (MSFT) revealed that its board of directors approved a $60 billion stock…

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September 18, 2024
Wall Street Awaits Pivotal Fed Rate-Cut Decision Amid Uncertainty 💼📉

Wall Street is closely watching the Federal Reserve’s key interest rate decision on Wednesday, with…

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September 18, 2024
Saudi Arabia’s Capital Markets See 27% Surge in Q2 2024 Income 📈🇸🇦

Saudi Arabia’s capital market institutions witnessed a 27 percent year-on-year surge in operating income during…

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September 17, 2024
Danish Firm DSV Poised to Acquire Schenker in €14 Billion Deal 🚂💼

Danish logistics company DSV (DSV.CO) is set to acquire Schenker, the rail logistics arm of…

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September 16, 2024
US Stocks Surge as Inflation Data Shakes Up Fed Rate Expectations 📈💹

US stocks reversed early losses to close higher on Wednesday, with investors reacting to a…

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September 16, 2024
South African Stocks Lead Emerging Markets Despite China Concerns 📉

South African stocks have outpaced other emerging markets, with Johannesburg’s main equity index rising about…

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September 16, 2024
Bajaj Housing Finance IPO Oversubscribed by Over 60 Times 🏦📈

The IPO of Bajaj Housing Finance Ltd., the home-loan unit of India’s largest shadow lender,…

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September 16, 2024
China Challenges SpaceX’s Dominance in Reusable Rockets 🚀🇨🇳

China is striving to break Elon Musk’s grip on reusable launch vehicles and close the…

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September 16, 2024
Nuclear Energy’s Revival in the Investment World 🌍⚡

Fund managers are betting on a resurgence of nuclear energy, a sector previously avoided by…

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September 12, 2024
The Race to Succeed Disney CEO Bob Iger 🎬

The question of who will succeed Bob Iger as Disney’s (DIS) CEO remains a critical…

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September 12, 2024
AWS Takes a Different Approach in AI Strategy 🔧

Amazon Web Services (AWS) isn’t betting on a single AI model to dominate the future….

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September 12, 2024
Online Securities Firms in Japan Gain Ground in Investment Trust Market 📈

Japan’s leading online securities firms are capturing a larger share of the investment trust market,…

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September 12, 2024
Swiss Franc Surge Sparks Possibility of Major Rate Cut by SNB 💸

The Swiss franc has reached its strongest level in almost a decade, raising the prospect…

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September 12, 2024
Goldman Sachs’ ESG Filter Pushes Glencore Over Big Tech in Circularity Strategy 🌱

At Goldman Sachs, an ESG filter designed to prioritize companies focusing on recycling, waste management,…

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September 12, 2024
Future Investment Initiative 2024 to Explore Strategies for Global Challenges 🌍

The eighth edition of the Future Investment Initiative (FII) will focus on developing new strategies…

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September 11, 2024
German Inflation Drops to Lowest Level in Over Three Years 📉

Germany’s inflation rate fell to its lowest point since June 2021, confirming the second estimate…

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September 11, 2024
Gold Prices Ease as Dollar Hits 1-Week High, Eyes on U.S. Inflation Data 📈

Gold prices dipped slightly on Tuesday, pressured by the dollar reaching a one-week high, making…

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September 11, 2024
China Returns to International Debt Market After Three-Year Hiatus 🌍

China is making a comeback to the international debt market after a three-year break, planning…

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September 11, 2024
Jabil to Set Up $238.2 Million Manufacturing Plant in Tamil Nadu, India 💼

U.S.-based electronic components maker Jabil is investing 20 billion rupees ($238.2 million) to establish a…

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September 11, 2024
Saudi Non-Oil Exports to Bahrain Surge 213% in Q2 2024 📈

Saudi Arabia’s non-oil exports to Bahrain soared by 213% in the second quarter of 2024,…

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September 10, 2024
Singapore’s Nium Delays US IPO Plans to 2026 as It Grows Revenue 💼

Singapore-based payments company Nium has postponed its U.S. initial public offering (IPO) by over a…

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September 10, 2024
Oil Prices Surge as Potential Hurricane Approaches U.S. Gulf Coast 🌪️

Oil futures rose by a dollar on Monday as a potential hurricane system neared the…

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September 10, 2024
GameStop Stock Surges After Cryptic Post from “Roaring Kitty” 🐾

A mysterious post by Keith Gill, also known as “Roaring Kitty,” sent GameStop’s stock soaring…

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September 10, 2024
Elon Musk Denies Report of Tesla Revenue Sharing Deal with xAI 🤖🚗

Elon Musk has dismissed a report that his AI startup, xAI, has held talks about…

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September 10, 2024
China to Expand Carbon Trading Market to Steel, Aluminum, and Cement Sectors by Year-End 🌍

China is set to expand its national carbon trading market to include the steel, aluminum,…

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September 10, 2024
Emaar The Economic City Unveils $2.32 Billion Capital Optimization Plan to Boost Financial Stability 🏙️

Saudi developer Emaar The Economic City (EEC), the firm behind King Abdullah Economic City (KAEC),…

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September 9, 2024
Oil Prices Rise Amid OPEC+ Deliberations on Output Increase and U.S. Inventory Drop 🛢️

Oil prices edged higher after reaching multi-month lows as major producers considered delaying an output…

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September 9, 2024
Johnson & Johnson to Increase Talc Settlement to Over $9 Billion 💰

Johnson & Johnson (J&J) plans to pay an additional $1.1 billion to settle tens of…

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September 9, 2024
Safe Superintelligence Raises $1 Billion to Build a Powerful AI System 🤖

Safe Superintelligence Inc., an AI research lab co-founded by former OpenAI chief scientist Ilya Sutskever,…

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September 9, 2024
Diesel Market in China and India Faces Slowdown 🚛

The diesel markets in China and India, which make up the majority of Asian demand,…

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September 9, 2024
GCC Banks Poised for Strong Performance in 2024 💹

Gulf Cooperation Council (GCC) banks are expected to perform well for the rest of 2024,…

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September 8, 2024
OpenAI’s Infrastructure Expansion Plans Take Shape, Targeting US States 🏗️

OpenAI CEO Sam Altman is advancing plans for a large-scale infrastructure buildout in the U.S….

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September 8, 2024
Japan’s Pension Fund May Boost Domestic Stocks, Impact Global Markets 💹

Japan’s $1.75 trillion Government Pension Investment Fund (GPIF) is expected to increase its allocation to…

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September 8, 2024
ECB’s Cipollone Warns of Risks from Overly Restrictive Policy Amid Slowing Inflation 💶

European Central Bank (ECB) board member Piero Cipollone stated that the ECB could continue cutting…

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September 8, 2024
Salesforce Acquires AI Startup Tenyx to Boost AI Solutions 💼

Enterprise cloud company Salesforce (CRM.N) announced on Tuesday that it has agreed to acquire Tenyx,…

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September 8, 2024
Nvidia Shares Plummet in Historic Market Value Loss 📉

Shares of AI giant Nvidia (NVDA.O) plunged 9.5% on Tuesday, marking the largest single-day market…

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September 4, 2024
Travel Spending to Hit Record High in 2024 🌍✈️

In 2024, a record $1 out of every $10 spent globally will be on travel…

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September 4, 2024
Elliott Investment Management Increases Stake in Southwest Airlines to 10% 🛫

Elliott Investment Management now holds 10% of Southwest Airlines’ common stock, crossing the threshold to…

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September 4, 2024
Bain Capital Bids $4.1 Billion for Fuji Soft Inc., Challenging KKR’s Offer 💼

Bain Capital has launched a ¥600 billion ($4.1 billion) takeover bid for Fuji Soft Inc.,…

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September 4, 2024
Market Insights Ahead of U.S. Economic Data 📊

Today, global markets will focus on the U.S. ISM manufacturing survey, a significant indicator in…

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September 4, 2024
Saudi Arabia to Host Inaugural 24 Fintech Conference 📅

Saudi Arabia’s fintech sector will shine at the inaugural 24 Fintech conference from September 3-5…

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September 3, 2024
Nvidia’s AI Chip Dominance Faces Challenges from Amazon and Custom Silicon ⚙️

Nvidia’s stock has soared 145% over the past year, driven by its dominant role in…

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September 3, 2024
Berkshire Hathaway Sells $845 Million Worth of Bank of America Shares 💰

Billionaire Warren Buffett’s Berkshire Hathaway has once again reduced its stake in Bank of America,…

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September 3, 2024
Shanghai Pudong Development Bank Takes Full Control of SVB Joint Venture 💼

The National Financial Regulatory Administration’s Shanghai branch announced on Friday that it approved the adjustment…

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September 3, 2024
Petro Rabigh Gains $1 Billion Debt Waiver from Aramco and Sumitomo Chemical 💼💰

Saudi oil company Petro Rabigh, officially known as Rabigh Refining and Petrochemical Co., announced that…

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September 3, 2024
WeBook Aims for Billion-Dollar Valuation with Stock Exchange Listing Plans 📈

Saudi Arabia’s event booking platform, WeBook, is eyeing a billion-dollar valuation as it prepares for…

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September 3, 2024
REA Group Eyes $5.8 Billion Acquisition of UK’s Rightmove Plc 🏠

REA Group Ltd., a key player in Rupert Murdoch’s media empire, is considering a $5.8…

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September 3, 2024
Bill Ackman Criticizes Court Order to Suspend Elon Musk’s X in Brazil 🚫

Hedge fund billionaire Bill Ackman criticized a recent court order to suspend Elon Musk’s X…

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September 3, 2024
September’s Volatility Looms for the S&P 500 📉

As August ends, the S&P 500 faces a historically challenging month ahead. Since 1928, September…

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September 3, 2024
Intel CEO Pat Gelsinger to Present Cost-Cutting and Capital Spending Plan Amid Struggles in AI Era 💻

Intel CEO Pat Gelsinger and key executives are expected to present a plan later this…

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September 2, 2024
Berkshire Hathaway’s Market Value Surpasses $1 Trillion for the First Time 🚀💰

Berkshire Hathaway (BRKa.N), led by Warren Buffett since 1965, reached a market value of over…

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September 2, 2024
Nippon Steel to Invest an Additional $1.3 Billion in U.S. Steel Mills 🇯🇵🔧

Japan’s largest steelmaker, Nippon Steel (5401.T), announced on Thursday its plans to invest an additional…

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September 2, 2024
Cnooc’s First Half Profits Rise on Higher Output and Crude Prices 💹🛢️

Cnooc Ltd., China’s largest offshore oil and gas producer, reported a significant increase in first-half…

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September 1, 2024
ONEOK Acquires GIP Stakes for $5.9 Billion to Expand in U.S. Oil and Gas Regions 💼🛢️

ONEOK, a major U.S. pipeline operator, announced two strategic acquisitions worth $5.9 billion from infrastructure…

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September 1, 2024
Dell Gains Ground as Tesla and Nvidia Switch Suppliers 🚀💼

Dell Technologies is gaining market share in the AI server sector, following a shift by…

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September 1, 2024
Saudi Arabia’s PIF Secures $15 Billion Revolving Credit Facility 💼💰

Saudi Arabia’s Public Investment Fund (PIF) has secured a $15 billion revolving credit facility from…

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September 1, 2024
DiDi Global Acquires Stake in AutoAi Through Strategic Asset Swap 🚗💼

Chinese ride-hailing giant DiDi Global will exchange cash and its smart driving and cockpit unit…

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September 1, 2024
Samsung SDI and General Motors to Build EV Battery Plant in Indiana 🚗🔋

South Korea’s Samsung SDI has finalized an agreement with General Motors to establish a joint…

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September 1, 2024
TotalEnergies Trading Unit Fined $48 Million for Attempted Market Manipulation ⚖️

A trading unit of TotalEnergies SE, a French oil major, has been fined $48 million…

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September 1, 2024
Nvidia’s Stock Poised for Potential $298 Billion Swing 🚀📉

Nvidia could see a $298 billion fluctuation in market value following its second-quarter earnings report,…

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September 1, 2024
Lego’s Sales Surge Amid Stagnant Toy Market 🧱🚀

Lego’s sales have outpaced the overall toy market in the first half of the year,…

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September 1, 2024
Canada to Impose Tariffs on Chinese Electric Vehicles and Metals Starting October 1 🚗⚙️

Canada announced it will impose a 100% tariff on imports of Chinese electric vehicles (EVs)…

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August 29, 2024
Global Investors Turn to Indonesian Equities Amid Fed Rate Cut Expectations 📈

Global investors are pouring money into Indonesian equities as funds exit major Asian markets like…

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August 29, 2024
Wall Street Lowers Crude Price Forecasts for 2025 as Global Supplies Increase 📉

Wall Street is becoming more pessimistic about the crude oil market for next year. Goldman…

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August 29, 2024
UAE Seeks Access to Detained Telegram Founder Pavel Durov in France 🇦🇪🇫🇷

The United Arab Emirates (UAE) has requested access to Pavel Durov, the founder of Telegram,…

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August 29, 2024
China’s Economic Slowdown Hits Consumer Goods Market 📉

China’s economic slowdown is now impacting even basic consumer goods, a troubling sign for global…

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August 29, 2024
Saudi Arabia’s New Investment Law to Boost Foreign Investments 📈

Saudi Arabia’s updated investment law and recent reforms could help the country achieve its goal…

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August 27, 2024
Hong Kong’s Bitcoin ETFs Surpass $256 Million in Assets Under Management 🚀

Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have reached a significant milestone, surpassing 2 billion…

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August 27, 2024
Sinopec Reports 2.6% Increase in First-Half Net Profit Despite Weak Domestic Demand 📊

China’s Sinopec announced a 2.6% rise in net profit for the first half of the…

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August 27, 2024
Australia Stocks Rise, Led by Telecoms, Financials, and Energy Sectors 📈

Australian stocks closed higher on Monday, boosted by gains in the Telecoms Services, Financials, and…

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August 27, 2024
Gold Prices Rise Amid Weaker Dollar and Lower Yields 💰

Gold prices firmed on Monday, supported by a weaker dollar and lower Treasury yields following…

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August 27, 2024
Why Did Nestle Oust CEO Mark Schneider? 🤔

Mark Schneider, Nestle’s recently ousted CEO, guided the company through the COVID-19 pandemic, expanded margins…

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August 26, 2024
U.S. Fed’s Imminent Rate Cuts Align with IMF Advice 💹

The U.S. Federal Reserve’s upcoming rate cuts are “in line” with International Monetary Fund (IMF)…

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August 26, 2024
NASA’s Starliner Capsule Return Delayed Amid Technical Issues 🚀

NASA is set to return Boeing’s faulty Starliner capsule to Earth without astronauts Butch Wilmore…

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August 26, 2024
Reddit Rebrands Itself to Attract Advertisers 🎯

Reddit, once known as the internet’s edgy bulletin board, has redefined its advertising strategy as…

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August 26, 2024
Swiss Finance Minister Warns of Debt Risks in U.S. and Europe 💸

Debt levels in the United States and Europe pose a risk to international financial stability…

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August 26, 2024
Johnson & Johnson Negotiates Talc Settlement Amid Ongoing Lawsuits ⚖️

Johnson & Johnson (J&J) is in negotiations with plaintiffs’ lawyers who have opposed its proposed…

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August 26, 2024
Saudi Real Estate Finance Market Strengthened by PIF-BlackRock Deal 🏢

The Saudi real estate finance market is set to gain momentum following an agreement between…

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August 26, 2024
Blue Origin Faces Setbacks During New Glenn Rocket Production as Deadline Looms 🚀

Blue Origin LLC, the Jeff Bezos-backed space company, recently experienced testing failures, including a factory…

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August 26, 2024
Citigroup Adds New Section on Multi-Year Reorganization Following SEC Inquiry 🏦

Citigroup has added a new section about its multi-year reorganization to its quarterly report filed…

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August 26, 2024
Canada Stocks Close Higher, Led by Gains in REITs, Real Estate, and IT Sectors 📈

Canadian stocks were higher at the close on Wednesday, driven by gains in the REITs,…

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August 26, 2024
Mizuho Analyst Reiterates Outperform Rating for PayPal Amid Fastlane Expansion 🚀

A senior Mizuho analyst has maintained an outperform rating for PayPal’s stock following the company’s…

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August 26, 2024
Saudi Arabia’s Maritime Investments Surpass SR25 Billion 🚢

Investments in Saudi Arabia’s maritime sector have exceeded SR25 billion ($6.66 billion), driven by successful…

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August 22, 2024
Uber Hires Former Tesla Executive to Lead Electric Vehicle Transition 🚗

Uber Technologies has appointed former Tesla executive Rebecca Tinucci to oversee its transition to electric…

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August 22, 2024
Senator Lummis Proposes Strategic Bitcoin Reserve, Sparking Financial Debate 💰

Senator Lummis’ proposal to create a strategic bitcoin reserve has ignited a lively debate among…

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August 22, 2024
OpenAI Partners with Condé Nast for AI Content Integration 🤝

OpenAI, led by Sam Altman, announced a multi-year partnership with Condé Nast on Tuesday. The…

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August 22, 2024
Walmart to Sell Stake in JD.com, Aiming to Raise $3.74 Billion 💼

Walmart (WMT.N) is looking to raise up to $3.74 billion by selling its stake in…

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August 22, 2024
Domino’s Pizza Enterprises Shares Drop Over 7% Amid Profitability Concerns 📉

Shares in Australia-based Domino’s Pizza Enterprises Ltd (DMP.AX) slumped more than 7% on Wednesday after…

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August 22, 2024
Saudi Arabia’s PIF in Talks to Establish New Cargo Airline ✈️

Saudi Arabia’s Public Investment Fund (PIF) is reportedly in discussions to acquire Boeing and Airbus…

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August 21, 2024
Mars Acquires Cheez-It Maker Kellanova in $36 Billion Deal 🍫

Mars, the family-owned candy giant, is set to acquire Kellanova, the maker of Cheez-It, in…

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August 21, 2024
Bronfman Makes $4.3 Billion Bid for Paramount in a Surprising Move 🎥

Veteran media executive Edgar Bronfman Jr. has submitted a $4.3 billion bid to take over…

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August 21, 2024
Trump’s Truth Social Parent Company Hits New Stock Low Amid Financial Struggles 📉

The parent company of Donald Trump’s social media platform, Truth Social, saw its stock prices…

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August 21, 2024
Northvolt Shifts Lithium-Metal Battery Development to Sweden in Strategic Move 🔋

Battery manufacturer Northvolt announced on Tuesday that it will consolidate and shift the development of…

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August 21, 2024
UK’s FTSE 100 Dips Amid Falling Energy Stocks, Fed Rate Cut Hopes Provide Support 📉

The UK’s FTSE 100 benchmark stock index edged lower on Tuesday, weighed down by declines…

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August 20, 2024
Tokyo Metro Gears Up for Major IPO with $4.7 Billion Valuation 🚇

Japan’s national and Tokyo governments are eyeing a 700 billion yen ($4.7 billion) valuation for…

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August 20, 2024
Japanese Retailer Seven & i Receives Takeover Offer from Canada’s Couche-Tard 🏪

Japanese retail giant Seven & i Holdings, operator of the 7-Eleven convenience store chain, announced…

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August 20, 2024
Gold Prices Dip After Hitting Record High 📉

Gold prices eased slightly on Monday, hovering around the key $2,500 level as traders took…

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August 20, 2024
Media Platform X Shuts Down Operations in Brazil Over “Censorship Orders” 🇧🇷🚫

Media platform X, owned by Elon Musk, announced on Saturday that it is closing its…

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August 20, 2024
Germany Narrows 2025 Budget Deficit Target to €12 Billion 🇩🇪💶

Germany’s coalition government has agreed to reduce its 2025 budget deficit target from €17 billion…

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August 20, 2024
Mastercard to Cut 3% of Global Workforce 💳✂️

Mastercard is reducing its global workforce by 3% as part of a reorganization to focus…

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August 20, 2024
U.S. Stocks Rally on Soft Landing Hopes 📈🇺🇸

U.S. stocks are climbing as hopes for an economic soft landing ease recession fears after…

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August 20, 2024
SALIC Sells 40% Stake in Saudi Fisheries Co. for SR122.4 Million 🐟💼

The Saudi Agricultural and Livestock Investment Co. (SALIC) has agreed to sell its 40% stake…

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August 18, 2024
Tencent’s Strong Earnings Boost Hopes for China’s Gaming Sector 🎮📈

Tencent Holdings Ltd. reported an 82% surge in net income, exceeding investor expectations and signaling…

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August 18, 2024
Goldman Sachs and Morgan Stanley Invest $600 Million in Bitcoin ETFs 📊💰

Goldman Sachs and Morgan Stanley made significant investments in spot bitcoin exchange-traded funds (ETFs) during…

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August 18, 2024
Berkshire Hathaway’s Strategic Moves: New Investments in Ulta Beauty and Heico, Reduction in Apple Stake 📉💄

Warren Buffett’s Berkshire Hathaway made notable adjustments to its investment portfolio in the second quarter,…

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August 18, 2024
Nu Holdings CEO David Velez Sells $404 Million in Stock for Estate Planning 💼

David Velez, billionaire co-founder and CEO of Nu Holdings Ltd., has sold 31 million shares…

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August 18, 2024
Ed Yardeni Predicts Minimal Fed Rate Cuts Despite Cooling Inflation 📉

Investors anticipating substantial rate cuts from the Federal Reserve this year might be in for…

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August 18, 2024
Amin Nasser Tops Forbes ME’s 2024 Top 100 CEOs List for the Fourth Consecutive Year 🌟

Saudi Aramco’s president and CEO, Amin Nasser, has once again secured the top spot in…

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August 15, 2024
Bitcoin’s Decline on Exchanges Signals Potential Price Surge 🚀

Bitcoin’s presence on centralized exchanges has hit an all-time low, suggesting a bullish future for…

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August 15, 2024
Shein Strengthens EU Lobbying Efforts Ahead of London IPO 🌍

Shein, the online fashion retailer, has hired former EU budget commissioner Günther Oettinger as a…

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August 15, 2024
Reflecting on the Evolution of the Fortune Global 500 🌍

Sometimes stepping back from the present reveals just how much the world has changed. Each…

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August 15, 2024
Cathie Wood Adds Alphabet Shares to Ark Investment Amid Criticism 📉

Cathie Wood, head of Ark Investment Management and famous for her long-term investment strategies, recently…

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August 15, 2024
Cathay Pacific Becomes World’s Most-Shorted Airline Stock ✈️

Cathay Pacific Airways Ltd. has become the most-shorted major airline stock globally, as the aviation…

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August 15, 2024
Google Unveils New Pixel Phones with Advanced AI Integrations 📱

Alphabet’s Google revealed a new lineup of Pixel smartphones on Tuesday, integrating deeper artificial intelligence…

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August 15, 2024
IEA Maintains 2024 Oil Demand Growth Forecast Despite China Slowdown 📉

The International Energy Agency (IEA) has held its global oil demand growth forecast for 2024…

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August 14, 2024
SEC Sues NovaTech for Allegedly Defrauding Investors of $650 Million 💸

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency company NovaTech…

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August 14, 2024
Scotiabank Buys 14.9% Stake in KeyCorp for $2.8 Billion 💼

Scotiabank has announced the purchase of a 14.9% stake in American regional lender KeyCorp for…

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August 14, 2024
India’s MSCI Weight Hits Record High, Attracting $3 Billion Inflows 📈

India’s weight in the MSCI Global Standard index has reached a new record, likely bringing…

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August 14, 2024
Chevron Achieves Breakthrough in Gulf of Mexico Oil Production 🚢

Chevron has successfully produced first oil from the Anchor field in the U.S. Gulf of…

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August 14, 2024
Tourmaline Oil Acquires Crew Energy for C$1.3 Billion 🫱🏽‍🫲🏻

Tourmaline Oil Corp., Canada’s largest gas driller, has agreed to acquire Crew Energy Inc. for…

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August 14, 2024
Citigroup’s Digital Assets Head Departs for New Venture 🚀

Shobhit Maini, Citigroup’s global head of digital assets for its markets unit, is leaving the…

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August 14, 2024
OPEC Cuts 2024 Oil Demand Growth Forecast Amid Softer Expectations for China 🌍

OPEC on Monday reduced its forecast for global oil demand growth in 2024, citing weaker-than-expected…

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August 13, 2024
Australia’s Central Bank Warns of Economic Uncertainty 🌐

Australia’s central bank, the Reserve Bank of Australia (RBA), highlighted significant economic uncertainty on Monday,…

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August 13, 2024
London Stocks Inch Higher Amid Broad Gains 📈

London stocks rose slightly on Monday, with the FTSE 100 up 0.7% and the FTSE…

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August 13, 2024
Standard Chartered Restructures M&A Advisory Team 🔄

Standard Chartered (STAN.L) has merged its industries coverage team into its mergers and acquisitions (M&A)…

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August 13, 2024
Russia Circumvents Sanctions with Billions in Cash Imports 💵

Around $2.3 billion in dollar and euro bills have been shipped to Russia since the…

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August 13, 2024
Expedia Warns of Weak Summer Travel Demand ✈️

July and August are typically peak vacation months, but Expedia (EXPE) has issued a warning…

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August 12, 2024
Saudi Arabia Pushes into Global Semiconductor Market 🚀

Saudi Arabia is making significant strides in the global semiconductor industry as part of its…

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August 12, 2024
Meta Wins Censorship Lawsuit Against RFK Jr.’s Anti-Vaccine Group 🏛️

Meta Platforms has successfully defeated an appeal by Children’s Health Defense, an anti-vaccine group founded…

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August 12, 2024
U.S. Investors Shift to Money Market Funds Amid Sell-Off 💰

Amid fears of an economic slowdown, U.S. investors moved $47.48 billion into money market funds…

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August 12, 2024
Saudi Arabia Sees Surge in Non-Oil Exports in May 📈

Saudi Arabia exported non-oil goods worth SR2.23 billion ($594 million) in May, marking a 19.25%…

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August 11, 2024
Global Payments Shines with Strong Q2 Results 🌟

Global Payments (GPN) stood out on the S&P 500 Wednesday with impressive second-quarter results and…

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August 11, 2024
DBS Appoints First Female CEO as Tan Su Shan Succeeds Piyush Gupta 👩‍💼

DBS Group has announced that Tan Su Shan, currently the head of institutional banking, will…

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August 11, 2024
Nextdoor Plans Transformation with Strong Q2 Revenue 💼

Nextdoor Holdings Inc. reported second-quarter revenue of $63.3 million, surpassing analysts’ expectations of $58.3 million….

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August 11, 2024
Surge in 401(k) Trading Amid U.S. Market Downturn 📉

Trading in 401(k) accounts surged on Monday, reaching levels not seen in over four years,…

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August 11, 2024
Polish Bonds Rally Amid US Monetary Easing Expectations 📈

Polish bonds, known as POLGBs, are outperforming US Treasuries as expectations of faster and deeper…

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August 11, 2024
Siemens Reports Strong Q3 Earnings Growth 🚀

German industrial gear maker Siemens reported robust earnings growth for the April-to-June quarter, driven by…

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August 11, 2024
Massive Losses for Traders as Calm Market Bets Fail 💼

A wager on market calm has cost retail traders, hedge funds, and pension funds billions…

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August 8, 2024
Goldman Sachs CEO Predicts No Emergency Rate Cuts by Fed 🏦

Goldman Sachs CEO David Solomon predicts that the Federal Reserve will avoid emergency rate cuts,…

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August 8, 2024
Airbnb Forecasts Lower Q3 Revenue Amid Uncertainty 🌍

Airbnb projected lower third-quarter revenue and shorter booking windows on Tuesday, causing its shares to…

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August 8, 2024
SoftBank Announces $3.4 Billion Share Buyback 💰

Japanese tech investor SoftBank Group plans to buy back $3.4 billion in shares, partially responding…

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August 8, 2024
Panama Seeks $9 Billion Financing Boost 💵

Panama’s government enacted two decrees on Tuesday aimed at bolstering economic financing, announced the council…

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August 8, 2024
Japanese Bank Shares Poised for Rebound 📈

The recent steep drop in Japanese bank shares signals potential for a strong recovery. In…

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August 8, 2024
Aramco Acquires More Stake in Petro Rabigh 🏭

Energy giant Aramco will acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co….

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August 8, 2024
Oracle Expands Cloud Infrastructure in Saudi Arabia 🌐

Technology firm Oracle Corp. has launched its second public cloud region in Riyadh as part…

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August 8, 2024
Elon Musk Closes X’s San Francisco HQ 🏢

Elon Musk last month said he was sick of “dodging gangs of violent drug addicts”…

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August 8, 2024
Mondelez: A Steady Snacking Giant 🍪

Global snacking juggernaut Mondelez International (NASDAQ: MDLZ) is home to a wide array of recognizable…

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August 8, 2024
Global Stocks Rally After Central Bank Reassurances 📈

Global stocks surged on Tuesday, partially recovering from the previous day’s steep declines. The Nikkei…

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August 6, 2024
SABIC’s Profits Surge Amid Petrochemical Sector Recovery 🇸🇦

Saudi Basic Industries Corp (SABIC) reported an 84.7% increase in second-quarter profits, signaling a robust…

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August 6, 2024
Neuralink Advances with Second Brain Implant Trial 🧠

Elon Musk’s Neuralink has successfully implanted its brain-computer interface device in a second patient, aimed…

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August 6, 2024
Japanese Markets Plunge as Global Recession Fears Grow 🇯🇵

Global stock markets plummeted on Monday, with Japan’s Nikkei index experiencing a staggering 13% drop,…

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August 6, 2024
Intel Announces 15,000 Job Cuts to Revitalize Business 📣

Intel Corporation is set to cut 15% of its workforce, amounting to 15,000 jobs, in…

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August 6, 2024
Bitcoin and Ether Crash Amid Global Market Turmoil 🪙

Cryptocurrencies experienced a significant downturn on Monday as market risk aversion intensified. Bitcoin plunged over…

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August 6, 2024
Gold’s Record Surge Faces Potential Slowdown 📈

Gold has been the standout commodity performer this year, gaining 18.5% and posting a record…

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August 6, 2024
Markets Plunge Amid Recession Fears 📉

Stock markets tumbled on Monday, with Japanese shares plummeting 13% as fears of a U.S….

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August 5, 2024
Abrdn Finance Chief Jason Windsor in Line for CEO Role 👔

Abrdn (ABDN.L) finance chief Jason Windsor is the front-runner to become the next chief executive…

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August 5, 2024
Amazon Shares Plunge Amid Slowing Online Sales Growth 📉

Shares of Amazon.com (AMZN.O) fell over 12% on Friday after reporting slowing online sales growth…

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August 5, 2024
GCC Investors Expected to Commit $4 Billion Annually to UK Commercial Property Market 🏢💷

Gulf Cooperation Council (GCC) investors are projected to invest over $4 billion annually in the…

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August 5, 2024
SVB Financial Ends Bankruptcy, Transfers Assets to Creditors 🏦📉

SVB Financial Group, the former owner of the failed Silicon Valley Bank, received approval from…

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August 5, 2024
Warren Buffett Increases Cash Reserves at Berkshire Hathaway Amid Economic Uncertainty 💵📉

Warren Buffett’s Berkshire Hathaway has significantly increased its cash reserves to nearly $277 billion while…

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August 5, 2024
Nasdaq Enters Correction Territory Amid Tech Earnings Woes 📉💻

The Nasdaq Composite index fell 2.4% on Friday, extending recent declines to fall 10% below…

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August 4, 2024
British Pound Falls Ahead of Bank of England Decision 💷📉

Britain’s pound fell to its lowest level in three weeks on Thursday, as traders awaited…

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August 4, 2024
Volkswagen CEO Advocates for Balanced Tariff Systems Between China and Europe 🚗🌍

Volkswagen’s chief executive, Oliver Blume, urged China and Europe to develop tariff systems that reward…

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August 4, 2024
EU Approves HPE’s $14 Billion Takeover of Juniper Networks 💼✅

The EU Commission announced on Thursday its unconditional approval of Hewlett Packard Enterprise’s (HPE.N) $14…

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August 4, 2024
Rolls-Royce to Pay Dividend as Recovery Plan Succeeds 🚀💼

Rolls-Royce (RR.L) will pay a dividend for the first time since the pandemic, driven by…

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August 4, 2024
Bill Ackman Cancels Pershing Square USA IPO 🚫💼

Billionaire investor Bill Ackman canceled the launch of Pershing Square USA, days before its planned…

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August 4, 2024
Citigroup Faces Regulation W Breaches Amid CEO’s Turnaround Efforts 🏦

Citigroup has repeatedly breached the Federal Reserve’s Regulation W, which restricts transactions between banks and…

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August 1, 2024
Stellantis Reaffirms Commitment to Maserati Amid Financial Challenges 🚗

Stellantis has declared its unwavering commitment to Maserati, denying any intentions to sell or merge…

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August 1, 2024
Lufthansa Warns of Earnings Drop Amid Rising Costs and Ticket Price Pressure ✈️💼

Lufthansa has warned of a fall in third-quarter earnings due to higher wage costs and…

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August 1, 2024
Just Eat Takeaway Reports Strong First-Half Profits and Announces Share Buyback 🍔💰

Just Eat Takeaway, Europe’s largest food delivery company by revenue, reported a 40% increase in…

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August 1, 2024
Werner Enterprises’ CEO Sees Signs of Stabilization in Freight Market 🚚📉

During Tuesday’s conference call, Werner Enterprises CEO Derek Leathers highlighted signs of a potential turnaround…

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August 1, 2024
Meta Platforms’ Earnings Awaited Amid AI Investment Hopes 🤖📊

Meta Platforms will report its second-quarter earnings after the market close on Wednesday, with investors…

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August 1, 2024
Global Equities Surge as Bank of Japan Raises Interest Rates 📈

Global equities rallied Wednesday as the Bank of Japan raised its benchmark interest rate to…

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July 31, 2024
Tesco Extends Share Buyback Program 💷

Tesco, Britain’s largest supermarket chain, announced on Monday that it will continue its share buyback…

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July 31, 2024
FTSE 100 Rises on Energy Boost, Pearson Weighs Down 📈

London’s FTSE 100 gained 0.5% on Monday, reaching its highest level since early June, driven…

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July 31, 2024
European Stocks Rise on Global Optimism 📈

European stocks gained after a robust Asian session, with the Euro Stoxx 600 up 0.5%…

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July 31, 2024
Eisai Shares Plummet After EU Rejection of Alzheimer’s Drug 💊

Shares of Japan’s Eisai fell 11% on Monday, marking their largest one-day drop in three…

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July 31, 2024
Alibaba to Introduce New Software Service Fees 🛍️

Alibaba’s stock surged by 5.8% in Hong Kong following the announcement of a new 0.6%…

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July 31, 2024
Ola Electric to Raise $734 Million in IPO 🛵

Ola Electric Mobility Ltd., India’s largest e-scooter manufacturer, is aiming to raise up to 61.46…

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July 31, 2024
Chinese Investors Eye Saudi ETFs Amid Economic Ties 🌍

Chinese investors are increasingly pouring money into two newly launched exchange-traded funds (ETFs) tracking Saudi…

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July 29, 2024
Thoma Bravo to Sell 41.6 Million Nasdaq Shares 💼

Nasdaq announced on Friday that private equity firm Thoma Bravo will sell 41.6 million shares…

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July 29, 2024
Banks Settle for $80 Million Over Bond Price-Rigging Case 💵

Six banks, including Bank of America and Citigroup, agreed to pay $80 million to settle…

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July 29, 2024
Howard Schultz Opposes Starbucks-Elliott Settlement ☕

Former Starbucks CEO Howard Schultz is opposing a potential settlement between the coffee chain and…

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July 29, 2024
G20 Finance Leaders Unite on Taxing the Ultra-Rich 💰

For the first time, G20 finance leaders have pledged to cooperate on taxing the world’s…

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July 29, 2024
Mitsubishi Motors Joins Honda and Nissan Alliance 🚗

Japan’s Mitsubishi Motors is set to join an alliance with Honda Motor and Nissan Motor,…

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July 29, 2024
Trump Pledges Crypto Dominance in U.S. Presidency Bid 🇺🇸

Republican presidential candidate Donald Trump told a bitcoin conference on Saturday that the U.S. must…

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July 28, 2024
Ferrari to Accept Cryptocurrency Payments in Europe 🪙

Italian luxury carmaker Ferrari announced that its European dealers will begin accepting cryptocurrency payments, following…

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July 28, 2024
Murdoch’s Legal Battle Over Media Succession Intensifies ⚖

Media mogul Rupert Murdoch is embroiled in a legal battle with three of his children…

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July 28, 2024
IBM Surpasses Q2 Expectations, Boosted by AI Growth 🚀

International Business Machines (IBM) exceeded analysts’ expectations for the second quarter, leading to a rise…

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July 28, 2024
Alphabet Stock Slides Amid Mixed Q2 Results, AI Opportunities Remain Promising 🏢📉

Alphabet stock dropped 5% on Wednesday as investors digested its second-quarter results, which surpassed earnings…

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July 28, 2024
ANZ Group Finds Reporting Errors in Bond Sales Probe, No Market Manipulation 🏦

ANZ Group announced that its investigation into bond sales, currently under a regulatory probe, has…

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July 28, 2024
Rivian’s CEO Blames Tesla’s Market Share Drop on Lack of Variety 🚗

Rivian CEO RJ Scaringe believes Tesla’s market share decline is due to the limited variety…

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July 28, 2024
Riyad Bank Launches AI Center, Boosting Digital Banking in Saudi Arabia 🤖

Riyad Bank has launched the first specialized AI center in Saudi Arabia’s banking sector, named…

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July 25, 2024
UPS Shares Plummet After Profit Drop and Lowered Outlook 📉

UPS shares fell over 13% on Tuesday after the shipping giant reported a 32% drop…

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July 25, 2024
Neuralink Staff Preparing to Sell Shares After Valuation Surge 💼

Some staff at Elon Musk’s Neuralink are preparing to sell shares after the brain implant…

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July 25, 2024
HCA Healthcare Shares Soar on Strong Earnings and Raised Guidance 📈

HCA Healthcare (HCA) shares hit an all-time high on Tuesday after the company posted better-than-expected…

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July 25, 2024
Samsung’s HBM3 Chips Approved by Nvidia for China-Specific GPUs 🚀

Samsung Electronics’ fourth-generation high bandwidth memory (HBM3) chips have received Nvidia’s approval for use in…

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July 25, 2024
UBS Predicts Major Market Shift to Fuel S&P 500 Rally 📈

As investors pivot from large-cap stocks to smaller companies, UBS forecasts an even bigger rotation:…

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July 25, 2024
Saudi Arabia Leads GCC Bond Market in 2024 📈

Saudi Arabia emerged as the leading issuer in the Gulf Cooperation Council (GCC) bond market…

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July 24, 2024
Iconiq Capital Raises $5.75 Billion for New Venture Fund 🚀

Iconiq Capital, renowned for managing the wealth of Silicon Valley’s elite, has raised $5.75 billion…

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July 24, 2024
Saudi Aramco Invests $15 Million in South Korean Chipmaker Rebellions Inc. 🇸🇦💰

Saudi Aramco’s venture arm, Wa’ed Ventures, has invested $15 million in South Korean chipmaker Rebellions…

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July 24, 2024
Ark Invest Makes Notable Trades Amid Market Turbulence 📈

On Monday, Cathie Wood’s Ark Invest made significant trades involving CrowdStrike Holdings Inc (NASDAQ:CRWD) and…

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July 24, 2024
Seoul Court Issues Arrest Warrant for Kakao’s Brian Kim Over Stock Manipulation Allegations 📉

A Seoul court has issued an arrest warrant for Brian Kim, founder of South Korea’s…

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July 24, 2024
China’s Record $14 Billion in Offshore Convertible Bonds in 2024 💹

China’s top companies have raised a record $14 billion in offshore convertible bonds this year,…

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July 24, 2024
Wiz Ends Talks with Alphabet on $23 Billion Deal, Eyes IPO 🚀

Israeli cybersecurity startup Wiz has ended discussions with Alphabet (GOOGL.O) regarding a reported $23 billion…

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July 23, 2024
Vodafone Sells Additional 10% Stake in Vantage Towers for €1.3 Billion 💰

Britain’s Vodafone (VOD.L) has sold an additional 10% stake in Vantage Towers for €1.3 billion…

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July 23, 2024
Dolce&Gabbana Considers Opening Capital to New Investors 💼

Dolce&Gabbana is contemplating opening its capital to new investors through a listing or other financial…

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July 23, 2024
Geopolitics Surpass Inflation as Top Concern for Global Funds 🌍

Geopolitical rivalries, particularly trade tensions between the US and China, have overtaken inflation as the…

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July 23, 2024
Saudi Arabia and China Strengthen Financial Ties with New ETFs 🌐

Saudi Arabia and China’s financial markets are connecting through new exchange-traded funds (ETFs) on Chinese…

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July 23, 2024
Saudi Arabia’s US Treasury Bonds Holdings Surge by 22.46% in May 💹

Saudi Arabia’s holdings of US Treasury bonds increased to $136.3 billion in May, up from…

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July 23, 2024
Nvidia to Develop AI Chips for China Market under U.S. Export Controls 🖥️

Nvidia (NVDA.O) is developing a version of its new flagship AI chips for the China…

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July 23, 2024
Vedanta Raises $1 Billion Through QIP 💰

Vedanta Ltd, India’s metals-to-oil conglomerate, has raised 85 billion rupees ($1.0 billion) through a qualified…

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July 23, 2024
Binance.US Gains Approval to Invest Customer Assets in U.S. Treasuries 🏦

Binance’s U.S. affiliate, Binance.US, has received federal court approval to invest certain customer assets in…

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July 23, 2024
Berkshire Hathaway Sells 33.9 Million Bank of America Shares 💼

Berkshire Hathaway sold approximately 33.9 million shares of Bank of America for around $1.48 billion…

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July 22, 2024
Netflix Adds 8 Million New Subscribers in Q2, Ad Strategy Pays Off 📺

Key Points: Netflix reported an addition of eight million new subscribers in Q2, driven by…

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July 21, 2024
Standard Chartered Expands Private Banking Teams in Key Regions 🌍

Standard Chartered has hired over a dozen new bankers to boost its private banking teams…

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July 21, 2024
PwC China Partners Face Pay Cuts Amid Regulatory Probe and Client Departures 💼

PricewaterhouseCoopers (PwC) has asked its China-based partners to accept pay cuts of up to 50%,…

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July 21, 2024
Renault’s First-Half Sales Rise on Strong Hybrid Performance 🚗

French automaker Renault reported a 1.9% increase in first-half sales, selling 1,154,700 vehicles globally compared…

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July 21, 2024
Asian Chip Stocks Plunge Amid US Export Curb Concerns 📉

Asian chip stocks tumbled on Thursday following news that the US might impose tighter curbs…

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July 21, 2024
Pound Dips but Remains Strong Against Dollar 💷

The pound dipped slightly on Thursday but is still on track for a fourth weekly…

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July 21, 2024
Saudi Aramco Returns to Debt Market with $6 Billion Bond Issue 💰

Energy giant Saudi Aramco has successfully issued a $6 billion US dollar-denominated international bond, marking…

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July 21, 2024
ASML Beats Q2 Earnings Expectations Amid AI Demand 💻

ASML, the leading supplier of chipmaking equipment, exceeded second-quarter earnings forecasts, driven by robust sales…

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July 21, 2024
Huawei Struggles Amid US Trade Restrictions ‼

Huawei Technologies has encountered severe challenges following its blacklisting by the US government, leading to…

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July 21, 2024
Kaspersky Lab Shuts Down US Operations🔒

Russian cybersecurity firm Kaspersky Lab will cease its US operations and lay off its American…

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July 21, 2024
Georges Elhedery Set to Become HSBC CEO 🏦

When Georges Elhedery took a six-month break from HSBC (HSBA.L) in 2022, some feared he…

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July 21, 2024
GitLab Explores Sale Amid Acquisition Interest 🫱🏽‍🫲🏻

GitLab (GTLB.O), a U.S. provider of cloud-based software development tools backed by Google parent Alphabet…

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July 21, 2024
Rising Expectations for Trump’s Re-election Boost U.S. Markets 📈

Rising expectations that former President Donald Trump will regain the White House in November are…

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July 18, 2024
Allianz Plans to Buy Majority Stake in Singapore’s Income Insurance for $1.6 Billion 💼

Germany’s Allianz announced on Wednesday its plan to purchase a majority stake in Singapore’s Income…

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July 18, 2024
British Inflation Remains Steady at 2.0% 📈

British inflation held steady at 2.0% last month, defying forecasts for a slight fall. Economists…

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July 17, 2024
Vista Energy Embraces Export Prices Amid Argentine Oil Market Reforms 🌍

In a sign of Argentina’s shifting oil market, Vista Energy charged export prices for over…

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July 17, 2024
Gold Prices Rise Amid Rate Cut Expectations 🌟

Spot bullion rose 0.2% to just below $2,430 an ounce after nearing May’s peak. Traders…

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July 17, 2024
SNB Capital to Lead IPO for Saudi Arabia’s Largest Medical Procurement Firm 🏥

Saudi Arabia’s Public Investment Fund has appointed SNB Capital to lead the initial public offering…

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July 17, 2024
Saudi Arabia Leads GCC IPO Market in 2024 📈

Saudi Arabia dominated the Gulf Cooperation Council’s initial public offering (IPO) market in the first…

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July 17, 2024
Lucid Stock Rises After EV Maker Reports 70% Delivery Growth 🚀

Key points: Lucid Group’s stock rose on Monday following a 70% year-over-year increase in second-quarter…

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July 17, 2024
Oil Rises as US Inflation Eases 🚀

Key points: Oil prices increased on Friday as signs of easing inflation in the United…

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July 17, 2024
Vietnam’s VinFast Delays US Electric Car Plant Amid Market Slowdown 🚗

Key points: Vietnamese electric vehicle maker VinFast has postponed the launch of its $4 billion…

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July 16, 2024
Pakistan Reaches $7 Billion Aid Deal with IMF🇵🇰

Key points: The International Monetary Fund (IMF) has agreed to a $7 billion loan deal…

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July 16, 2024
Investing in Vanguard S&P 500 ETF and Growth ETF 📈

The Vanguard S&P 500 ETF offers a cost-effective way to invest in the 500 largest…

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July 16, 2024
Preliminary Report Reveals Regulatory Failings in Credit Suisse Collapse 🏦

Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse…

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July 16, 2024
Russia Lowers Mandatory Forex Sales Requirement for Major Exporters 🇷🇺

The Russian government announced on Saturday a reduction in the mandatory foreign currency sales requirement…

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July 16, 2024
SAMA Launches Naqd: A New Digital Platform for Government Banking Services 📱

A new digital platform, Naqd, will now enable government agencies to easily and conveniently access…

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July 15, 2024
Euro 2024 and Copa America Finals: A Boost for Stock Markets? 📈

Sunday’s Euro 2024 final between England and Spain and the Copa America showdown between Argentina…

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July 15, 2024
Argentina’s New Strategy to Combat Inflation 🇦🇷

Argentina’s central bank will begin selling U.S. dollars in parallel foreign exchange markets to combat…

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