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Business
China’s growth prospects dim as manufacturing weakness persists
China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening…
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PM Modi lays foundation stone for India’s largest deep-water port
India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News…
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Air cargo sees 13.6% rise in demand for July, IATA reports
The International Air Transport Association (IATA) reported a significant rise in global air cargo demand for July 2024, continuing a trend of robust year-over-year growth. According to the latest…
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Berkshire Hathaway joins $1 trillion club, a first for non-tech U.S. firms
Warren Buffett’s Berkshire Hathaway reached a significant milestone on Wednesday, becoming the first U.S. company outside of the technology sector to achieve a $1 trillion market capitalization. The…
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Saudi Arabia’s FDI stock surges to $215 billion in 2023
Saudi Arabia’s Foreign Direct Investment (FDI) has experienced significant growth, reaching nearly $215 billion in 2023. Khalid Al Falih, the Saudi Minister of Investment, attributes this surge to…
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Lego expands market share with innovative offerings
Lego announced a robust 13% revenue increase for the first half of 2024, reaching 31 billion Danish krone (approximately $4.65 billion), driven by popular lines like Lego Icons and a successful…
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Investors watch Nvidia closely amid earnings release
Global stock markets saw modest gains today, with Nvidia Corp. at the center of attention as it approaches a pivotal earnings announcement. The tech giant, a key player in the AI sector, is…
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EU records €40.4 billion trade surplus, continuing positive trend into Q2 2024
In the second quarter of 2024, the European Union registered a trade surplus of €40.4 billion in goods, marking a significant reduction from €55.3 billion in the preceding quarter. This figure…
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Oil remains vital in electrification efforts, OPEC confirms
In a statement released Wednesday, Haitham Al Ghais, the Secretary-General of OPEC, addressed common misconceptions about the competition between oil and electrification, emphasizing the collaborative…
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Wall Street predicts gold to reach $3000 amid rate cuts
As 2024 progresses, gold has surged by over 20%, drawing heightened interest from Wall Street as it begins to outshine the broader U.S. stock market. According to financial experts, this trend is…
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