Stocks climb eyeing US rate cut, political turbulence
A steep downward revision to US job creation cemented expectations that the Federal Reserve would begin lowering its benchmark rate...Business Economy
Tesla proposes package for Musk that could top $1 trillion
New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1...Business
Stocks climb eyeing US rate cut, political turbulence
A steep downward revision to US job creation cemented expectations that the Federal Reserve would begin lowering its benchmark rate...US employment growth is likely to be revised down by 911,000 for the 12 months ending in March, official data showed.
Investors are now looking to consumer inflation data coming Thursday, since a hot reading could keep the Fed from cutting further as it looks to curb price increases.
Mistral cements AI lead in Europe with cash infusion
Paris, France -- France's Mistral on Tuesday cemented its position as Europe's top AI hope against far larger US and...The 1.7 billion euro ($2bn) cash infusion values Mistral at 11.7bn euros, double its heft last year but a fraction of the $183bn price tag placed on US firm Anthropic this month.
ASML, a key producer of the machines that churn out the chips powering artificial intelligence models, was the lead investor.
UK publisher of Daily Express, Mirror tabloids announces job cuts
London, United Kingdom - The British media group which owns the Daily Express and Daily Mirror tabloids on Monday announced...While 135 jobs would be created focusing on live news and video, 321 posts would be axed, the British news giant told AFP via email
"The changes we are seeing in the landscape right now demand a wholesale change in how we operate and how we tell stories," said Higgerson
ADCB to raise $1.66bn
The rights issue aimed at boosting growth.The rights issue will increase ADCB's issued capital from AED 7.32 billion to AED 7.91 billion by issuing up to 592.2 million new shares.
The new shares will be priced at AED 10.3 each, a 30% discount to ADCB’s closing share price on September 4, 2025.
EGA H1 revenue $4.11bn
Net profit before GAC $445 million.The company's primary hot metal production remained steady at 1.34 million tons.
EGA sold 1.37 million tons of cast metal to over 400 customers in more than 50 countries, up from 1.31 million tons in H1 2024.
Tesla proposes package for Musk that could top $1 trillion
New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1...The plan potentially provides Musk -- already the world's wealthiest person -- with up to 12 percent of additional total company shares.
Tesla's current market capitalization is just over $1 trillion, down somewhat from its peak following recent weak earnings.
EU hits Google with $3.47 billion fine despite Trump threats
Brussels, Belgium -- The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favoring its...Google immediately vowed to appeal the decision by the European Commission, which accused the US firm of distorting competition in the 27-nation bloc.
The fine comes despite threats by Trump to go after Europe for regulations seeking to rein in US tech giants.
Amazon’s Starlink rival lands first major airline deal
Washington, United States -- JetBlue Airways will become the first airline to use Amazon's Project Kuiper satellite network to power...The partnership will see JetBlue implement Project Kuiper's low orbit satellite technology on select aircraft beginning in 2027.
This will enhance the US airline's existing service with faster speeds and lower latency than traditional satellite systems.
Norway experiments with electric plane in real-life test
Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...The small aircraft -- an Alia built by US aircraft manufacturer Beta -- flew the 160 kilometers in a test run by the Norwegian affiliate of the transport company Bristow.
The flight took 55 minutes and simulated a cargo flight route in southeastern Norway.
Qatar ready to invest $21 bn in DR Congo: Kinshasa
Kinshasa, DR Congo -- Qatari investment firm Al Mansour Holding hopes to invest $21 billion in the Democratic Republic of...Group founder and royal family member Sheikh Mansour bin Jabor bin Jassim Al Thani visited the DRC capital Kinshasa on Tuesday as part of an African tour.
The investment would be in various sectors, including agriculture, finance, mining, pharmaceuticals and hydrocarbons.
