Browsing: Business

Dubai’s strategic location, extensive free zones, and world-class infrastructure make it the ideal hub for global businesses across industries like tech, finance, and media.

Moscow’s trade with BRICS nations surged by 14.7% in early 2024, highlighting the city’s growing economic partnerships across key industries like microelectronics and agriculture.

Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence.

Russia has increased its daily gold purchases by 700%, allocating 8.2 billion rubles per day from September 6 to October 4, according to the country’s Finance Ministry.

UK house prices have risen 4.3% annually, with analysts warning that potential changes in the Autumn Budget could impact further growth, particularly if taxes increase.

India’s foreign exchange reserves hit a record $683 billion, marking a $2.299 billion increase for the week ending August 30. This milestone reflects robust financial stability and growth under PM Modi’s policies, contrasting with past stagnation.

Couche-Tard’s $38.6 billion offer was turned down by Seven & i, the parent company of 7-Eleven, citing undervaluation and concerns over U.S. regulatory approval.

JPMorgan has downgraded Chinese stocks to neutral, citing risks of a second tariff war and concerns over China’s economic performance, advising investors to shift to other markets.

Fraud and scam complaints surged to a six-year high, with the Financial Ombudsman Service reporting a 43% rise in cases, driven by online bank transfers.

Dow, S&P 500, and Nasdaq fell Tuesday, with semiconductor stocks leading the market lower as September trading kicked off with volatility.