Saudi sovereign wealth fund flooded in cash in 2023
According to the reports, Saudi Arabia’s sovereign wealth fund accounted for nearly a quarter of the total $124 billion spent...
China manufacturing shrinks in December; requires fresh stimulus
The reports coming from Beijing notes that manufacturing activity shrinks again in China for the third-straight month in December and...
Wall Street loses steam, falls on the last day of 2023
US stock markets at Wall Street loses its steam in the last trading session on the last day of a...
New York Times filed a lawsuit against OpenAI, Microsoft on copyright infringement
New York Times, filed a lawsuit against the ChatGPT creator, OpenAI and Microsoft on the accusations of wrong pursuit of...
Asian stocks stumbled, dollar hovered amid cooling US inflation
Asian stocks stumbled at the start of the trading session after Christmas, while the dollar hovered around near a five-month...
Nike cuts earnings outlook; unveiling $2 billion savings plan
Nike cuts down its annual earnings outlook amidst cautious consumer spending, and a weak period of online business. The company...
Asia markets fall as the Wall Street rally stalls
Stock markets in Asia witnessed a fall on Thursday during the opening session as Wall Street started to lose over...
Google to pay $700 million in Play store settlement
The renowned Tech-giant and the biggest search engine, Google has agreed to pay $700 million, and bring changes in its...
OPEC+ to deepen voluntary oil production cuts
The group of the largest oil producing nations (OPEC+) agreed on Thursday to deepen the voluntary oil production cuts, taking...
Shein files for US IPO: Looking to expand global reach
China’s fast-fashion company Shein anonymously files to offer an Initial Public Offering (IPO) in the US markets, in a move...