Business

In a significant development aimed at bolstering economic ties between nations, President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE), and Rodrigo Chaves Robles, President of Costa Rica, recently presided over the virtual signing ceremony of the UAE-Costa Rica Comprehensive Economic Partnership Agreement (CEPA). The accord,…

Gold and silver investors might be eyeing a potential windfall this week as tensions escalate in the Middle East, according to financial analyst Peter Spina, who heads investor platforms GoldSeek and SilverSeek. Spina suggests that the recent drone and missile strikes by Iran on Israel over the weekend could trigger a unique opportunity to acquire…

In a surprising turn of events, Adidas witnessed an 8.2% surge in its shares on Wednesday, propelled by the company’s unforeseen elevation of its full-year guidance coupled with a notable year-on-year profit surge during the initial quarter. The German sportswear giant announced a revision in its full-year revenue and operating profit outlook…

Bitcoin’s trajectory resembles a turbulent rollercoaster ride as the looming prospect of the Bitcoin “halving” event casts a shadow over the market. Following Hong Kong’s green light for spot Bitcoin ETFs, the leading cryptocurrency surged on Monday, only to plummet shortly afterward. Tuesday morning painted a gloomy picture as Bitcoin experienced…

In a move set to galvanize the landscape of artificial intelligence (AI) development, Microsoft has announced a hefty $1.5 billion investment in G42, the foremost AI technology holding company headquartered in the UAE. The strategic injection of funds aims to fortify the ongoing collaboration between the two tech giants, ushering in a new era of…

In a swift and tumultuous turn of events, the cryptocurrency market witnessed a significant downturn on Friday evening, followed by another violent plunge on Saturday. This downward spiral resulted in a massive outflow of approximately $200 billion from the entire market, exacerbating concerns among investors and traders. Bitcoin (BTC), the leading…

Senator Kirsten Gillibrand announced plans to unveil new legislation aimed at regulating stablecoins, a move anticipated to occur as early as this week. Speaking at the Bitcoin Policy Summit held at the National Press Club in Washington on April 9, Gillibrand, alongside Senator Cynthia Lummis (R-Wyo.), disclosed ongoing negotiations to introduce…

The Asian Development Bank (ADB) has revised its projection for India’s gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid expansion of 7%. This upgrade, disclosed in the latest release of the ADB’s flagship economic report, the Asian Development Outlook (ADO) April 2024, marks an increase from the previously…

The Organisation of the Petroleum Exporting Countries (OPEC) announced Thursday that it anticipates a surge in world oil demand, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025. In its latest monthly report, OPEC emphasized the robust fuel consumption expected during the summer months, maintaining…

McDonald’s Corporation has inked a deal to acquire all 225 outlets of its Israel franchise, the American fast-food giant announced. This move comes in response to a significant downturn in sales amid the ongoing Israel-Hamas conflict and subsequent pro-Palestinian boycotts. The restaurant chain’s outlets in Israel have been under the ownership of…