Bitcoin falls below $59,000, loses 4% in value
The price of Bitcoin decreased below $59,000 by dropping around 4% in value within the last 24-hour period.
The current price of Bitcoin...
Global oil prices edge lower, retreating from multi-month highs
Drop in prices is attributable to traders taking profits after recent gains and demand remains in focus
Sri Lanka secures deal to restructure $12.5 billion of international bonds
Restructuring international bonds is one of the key conditions set by the IMF under $2.9 billion bailout programme
Saudi Arabia’s sovereign wealth fund swings to $36.8 billion profit in 2023
Rise in revenues was driven by improved investment and non-investment activities in banking, telecom and gaming
China far ahead of other countries, including the US, in generative AI inventions, UN report says
China leads with over 38,000 of the 50,000 GenAI patents filed globally between 2014 and 2023; South Korea, Japan, and India follow, with India showing the fastest growth rate, data shows
Siemens Energy plans 10,000 hires for electricity grid unit, FT says
Siemens Energy plans to recruit more than 10,000 new employees for its electricity grid business, set to be the energy engineering group’s...
Qatar Airways posts 39% jump in annual profit to record $1.67 billion
DUBAI: Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday....
Boeing resumes new plane deliveries to China after regulatory review
Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also...
Google buys stake in Taiwan solar power firm owned by BlackRock
Tech giant aims to constantly run on carbon-free energy wherever it operates
Aramco signs over $25bn of deals for main gas network and Jafurah gas field
CAIRO/DUBAI: Saudi Arabia’s state oil company Aramco has signed contracts worth more than $25 billion for the second phase of the expansion...
World Bank approves $650 million to help Bangladesh develop Bay Terminal
This will improve Bangladesh's global trade competitiveness and reduce import and export costs by increasing operational efficiency
Turkey removed from FATF money laundering grey list
Turkish officials welcomed the move, which is seen as improving its international standing and potentially drawing in fresh investment.
World Bank approves additional $1.5 billion in financing to support India’s low-carbon transition
Operation will support reforms to boost the production of green hydrogen and electrolyzers, critical technology needed for green hydrogen production.
Carbon removal market can reach $100b
LONDON: The global market for carbon dioxide (CO2) removal credits could reach up to $100 billion a year between 2030 and 2035...
India’s forex reserves rise to $653.71 billion as of June 21
MUMBAI: India’s foreign exchange reserves rose by $810 million and stood at $653.71 billion as of June 21, data from the central...