First Saudi IPO Since Tariff Shock Draws $20 Billion in Orders
Saudi packaging manufacturer United Carton Industries Co. drew more than $20 billion in orders for its initial public offering (IPO) of shares.
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Apple and Anthropic Reportedly Develop AI-Powered Coding Platform
The media published information according to which Apple and Anthropic have partnered to develop a platform that will use artificial intelligence to write, edit, and test code for programmers.
HK Digital Banks to Expand Wealth Services
In Hong Kong, eight local digital banks intend to expand their wealth management services in the background of favorable results.
China Risks to Dive Into Deeper Deflation
High tariffs from the United States on imports of goods from China are a factor that will definitely significantly reduce or, quite likely, bring US orders for products from an Asian country to zero, against which Beijing, as part of its desire to help local exporters, is making efforts to divert sales to the domestic […]
MoneyFellows Raises $13 Million
Currently, most African-based digital lenders rely heavily on working capital in the context of efforts to stimulate the growth of their own businesses, but at the same time, MoneyFellows startup has been able to implement a practice that few fintech industry players on the mentioned continent can do, lend billions of Egyptian pounds with virtually […]
European Inflation Shows Stability
In April, inflation in the eurozone showed no change, remaining at the 2.2% mark.
Global Manufacturing Activity Decreases
In April, global manufacturing activity contracted for the first time since the beginning of the current year.
Amazon’s Cloud Business Increases
Amazon’s cloud business showed growth in the first quarter of 2025, but the pace of this upward process turned out to be slower than preliminary expectations.
Amazon Launches Nova Premier
Amazon released Nova Premier, which, according to this company, is the most capable artificial intelligence model in its Nova family.
Apple Reports Earnings
Last Thursday, May 1, Apple published information about the financial results of its activities in the second fiscal quarter, which ended on March 29, 2025.
US Economy Adds 177,000 Jobs
The United States labor market, which has demonstrated resilience for a long period, continues to defy expectations in a positive sense even amid increasing uncertainty related to the trade war.
China Says About Prospects of Trade Talks With US
China said it is currently evaluating the possibility of implementing a negotiation process with the United States on trade cooperation between the world’s two largest economies that was actually the first signal from Beijing about the at least theoretical ability of dialogue with Washington after last month, US President Donald Trump announced sweeping tariffs on […]
Affirm Launches AI-Powered Promotion Platform
Buy Now, Pay Later (BNPL) network Affirm introduces to its merchant partners an artificial intelligence-powered platform called AdaptAI.
Amazon to Speed Delivery in Rural Areas
Amazon announced last Wednesday, April 30, that it will invest more than $4 billion to expand its rural delivery network and provide fast delivery to millions of customers in less densely populated areas.
Qualcomm Reports Earnings
Qualcomm has released information on its financial results for the second fiscal quarter, which exceeded Wall Street’s preliminary expectations, as sales of chips from the San Diego, California-based company showed significant growth.
Microsoft Shares Jump on Earnings Beat
The value of Microsoft shares last Wednesday, April 30, during extended trading showed an increase of approximately 9%, which is an upward dynamic supported by the fact that this company published the financial results of its operations for the last fiscal quarter, which exceeded preliminary expectations, including regarding the performance of the Azure cloud business, […]
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