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BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil giant revealed that approximately 4,700 jobs will be cut this year, along with a reduction of 3,000
Bitcoin has surged past the $100,000 mark (now $98K), driven by a renewed appetite for risk assets following softer-than-expected U.S. inflation data according to Arab Crypto Insight. The milestone marks a significant rebound in the cryptocurrency market, reflecting broader optimism across equities and
Sixth Annual Awards Sponsored by RAK Chamber of Commerce and Industry Recognize Innovation in 18 MENA Nations
The 10-year U.S. Treasury yield reached a 14-month high on Monday, reflecting investor anticipation ahead of key inflation reports set for release this week. The yield climbed to 4.776%, marking its highest level since November 2023. The increase followed a strong jobs
Andernach – LTS LOHMANN Therapie-Systeme AG (“LTS”), a leading pharmaceutical technology company, is proud to announces its selection as a Concept Stage winner for two projects in the #PatchForwardPrize, a $50 million challenge by the Biomedical Advanced Research and Development
Federal Reserve officials expressed concerns during their December meeting over potential inflationary pressures stemming from policies proposed by President-elect Donald Trump, according to minutes released Wednesday. The officials signaled a cautious approach to interest rate adjustments in light of significant uncertainties regarding
China’s consumer inflation fell to 0.1% year-on-year in December, according to data released by the National Bureau of Statistics on Thursday. The slowdown in inflation has heightened concerns over deflation, as weak domestic demand persists despite government stimulus measures. The latest consumer price
ADNOC Logistics and Services plc (ADNOC L&S) has finalized the acquisition of an 80% stake in Navig8 TopCo Holdings Inc. (Navig8) for $1.04 billion (AED 3.8 billion). The agreement also includes a contractual obligation to acquire the remaining 20% stake by
U.S. Treasury yields edged higher early Wednesday as investors awaited key labor market data and the release of minutes from the Federal Reserve’s December meeting. Markets closely monitored these developments for signals about future monetary policy shifts. The yield on the benchmark
Global cryptocurrency markets and technology stocks experienced sharp declines on January 7, 2025, as stronger-than-expected economic data dampened investor expectations for near-term interest rate cuts by the U.S. Federal Reserve. According to data from Arab Crypto Insights, Bitcoin fell more than 8% to $93,974, while other major