Apple has announced plans to invest $500 billion in the United States over the next four years, a move that includes hiring 20,000 new employees and constructing a new server facility in Texas. This announcement follows closely after President Donald Trump stated that Apple CEO Tim…
On Monday, the European Union announced a suspension of sanctions on Syria’s energy, transport, and banking sectors as part of efforts to support the country’s reconstruction following the downfall of Bashar al-Assad. Syria’s new leadership, which has been pressing for the removal of sanctions imposed on…
Dubai’s Virtual Assets Regulatory Authority (Vara) is closely monitoring the aftermath of a $1.4 billion hack at Bybit, one of the world’s largest cryptocurrency exchanges. The attack, which occurred on February 21, exploited a smart contract during a routine transfer between Bybit’s «cold» and «hot» wallets.…
Turkey, which has limited domestic oil and gas reserves, is increasingly turning to biofuels as a potential solution to meet its energy needs. While the country’s renewable energy sector relies heavily on hydro, wind, and solar, biofuels—derived directly from organic materials like wood or plant matter—are…
UAE-based renewable energy company Amea Power has signed an agreement with the Egyptian Electricity Transmission Company to develop two large-scale battery storage facilities in Egypt. The project, which aims to enhance the country’s renewable energy infrastructure, will have a combined storage capacity of up to 1,500…
Several U.S. federal agencies, including those led by prominent allies of former President Donald Trump, have pushed back against Elon Musk’s attempt to require employees to justify their work achievements or face potential job loss. This resistance hints at a growing divide between key Trump administration…
Alibaba has revealed plans to allocate over $50 billion toward artificial intelligence (AI) and cloud computing over the next three years. This announcement comes just one week after co-founder Jack Ma was spotted meeting with President Xi Jinping. According to the company’s statement, Alibaba intends to…
Emirates is set to increase its presence in China with new destinations and expanded services, as part of its ongoing network review. The airline plans to introduce daily flights to Shenzhen, utilizing Boeing 777 widebody jets, by mid-year, according to sources familiar with the plans. However,…
The Turkish government has confirmed that negotiations with Abu Dhabi Ports Group (AD Ports) for operating rights at the Alsancak freight and passenger port in Western Turkey have come to an end. Turkish transport minister Abdulkadir Uraloglu stated that the goal was to find a partner…
Iraq has enlisted the help of two prominent financial consulting firms, London-based EY and U.S.-based Oliver Wyman, to assist in the restructuring of its banking sector, which has been severely impacted by long-term instability. The consultants are tasked with creating a roadmap that could potentially include…
Edward is a seasoned economic analyst with over a decade of experience in financial journalism. He specializes in macroeconomic trends, global markets, and policy analysis, offering readers deep insights into the forces shaping the world economy. His work has been featured in leading financial publications, and he is known for his ability to break down complex economic concepts into understandable narratives.
Global stock markets saw a strong rally today following the release of optimistic inflation data. The latest reports indicate a slowdown in price increases, fueling investor confidence and raising hopes of a more stable economic outlook. Analysts suggest that central banks may reconsider aggressive interest rate hikes, further boosting market optimism.
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