Browsing: Business
IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action.
The world’s most extensive and cutting-edge power cable-laying vessel has embarked on a groundbreaking endeavor, the $3.8 billion (AED13.95 billion)…
Microsoft achieves $3 trillion market value, second only to Apple, with a stock price at $404.87 per share, boosted by AI and tech.
Intel’s stock plummeted in premarket trading after a disappointing Q1 2024 outlook, despite exceeding recent earnings expectations.
Tesla’s stock plunges 12%, wiping out $80 billion in value after gloomy earnings and Chinese competition warning.
SAP Allocates €2 Billion for AI-Driven Restructuring, Impacting 8,000 Jobs in Pursuit of Scalable Revenue Growth.
eBay cuts 1,000 jobs (9% of its workforce) as CEO Iannone emphasizes reducing alternate workforce contracts.
Netflix’s Shares Soar 10% on Q4 Success with 13.1 Million New Subscribers, Boosted by Ad Expansion and Password Crackdown.
President Sheikh Mohamed bin Zayed chairs ADNOC board meeting, emphasizing sustainability and global energy transition.
Bitcoin’s price has plunged by more than 20% following the introduction of US-based cryptocurrency ETFs, prompting caution among speculators.