Surprising Q2 Growth
The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This...
Strangulation Sanctions
The recent US “strangulation” sanctions on foreign exchange have demonstrated their potency, causing a disruption in Russia’s payments to its allies. This has precipitated a significant drop in export volume...
TikTok Defends Free Speech
ByteDance and TikTok are mounting a robust challenge against a recent U.S. regulatory directive that mandates TikTok's sale to an American entity. They assert that this mandate unjustly curtails free speech and unfairly po...
Oaknorth Rockets to Record Profits
Challenger bank Oaknorth celebrates a remarkable fiscal year marked by soaring profits and ambitious expansion plans, signaling its potential entry into the public market.
In a stellar display of financial prowess...
Power Machines Prevails
In a recent legal victory, Power Machines, a prominent Russian, manufacturer of power equipment under the stewardship of billionaire Alexey Mordashov, emerged triumphant in a dispute against PetroVietnam, the state-owned oil ...
U.S. Strikes
On a recent Thursday, the United States took action against a shipping company based in the United Arab Emirates, Hennesea Holdings Limited, for allegedly transporting Russian crude oil at prices ...
Streaming Success
In the wake of Oscar wins for "RRR" and "The Elephant Whisperers," India's streaming landscape is abuzz with celebratory vibes and a sense of accomplishment. Leading industry players shared their insights in two panel discussions h...
Currency Rollercoaster
The Japanese yen dipped significantly after comments by BOJ Governor Kazuo Ueda hinted at a shift from the bank's negative interest rate policy. Meanwhile, the US dollar reboun...
Cineworld's Battle for Survival
Cineworld, the world's second-largest cinema chain, aims to exit bankruptcy protection in July. The company, listed on the London Stock Exchange, has gained further support from lenders for its restructuring plan afte...
US inflation
Mary Daly of the Federal Reserve Bank of San Francisco forecast that decision-makers will probably need to raise interest rates even higher and hold them there for a longer period of time.
Although though inflation ...
Chip centre
The Japanese government plans to allocate about $2.38 billion to establish a joint R&D centre with the US to develop next-generation 2-nanometer semiconductors. This was reported by the Nikkei newspaper.
The agreement on its establi...
Iraq-US strategic partnership
Iraqi Prime Minister Mustafa Al-Kadhimi, during a meeting with US President Joe Biden in Jeddah on Saturday, reiterated Baghdad's intention to maintain a strategic partnership with Washington.
"We will develo...
Two countries working together
Australia and the US have announced a bilateral partnership to accelerate the development of zero-carbon technologies. The announcement was made in a joint stateme...
US GDP forecasts down
The US economy is set to decline sharply in the third quarter Goldman Sachs, Morgan Stanley, Oxford Economics and the Atlanta Fed have all cut their GDP growth forecasts sharply in recent weeks. The effects of the rapid spread ...
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