Business News

Historic Fund Targets Infrastructure, Agriculture, and Energy Transition in Global South In a landmark move aimed at confronting the intensifying effects of climate change, the World Bank has unveiled a massive $200 billion climate resilience program to support developing countries over the next five years. The initiative, one of the largest of its kind, is […]

Core Price Gains Ease, Boosting Hopes for Gradual Rate Cuts The latest inflation data has delivered a dose of good news for policymakers and markets alike: U.S. inflation has cooled to 2.8%, its lowest annual pace since mid-2021. The figure, driven by a slowdown in energy prices and moderating housing costs, marks continued progress in

Saudi Aramco, the world’s largest oil company, is making significant strides towards diversifying its operations and expanding into renewable energy, a crucial part of the kingdom’s Vision 2030 initiative. The state-owned oil giant is looking to invest heavily in carbon-neutral solutions, reducing its reliance on traditional fossil fuels and playing a leading role in the

In a bold move to expand its digital presence, luxury fashion house Gucci has partnered with technology giant Microsoft to explore the rapidly growing world of the metaverse and digital collectibles. This collaboration marks a significant milestone in the intersection of high fashion and cutting-edge technology, as Gucci seeks to blend its iconic design legacy

In 2024, the adoption of artificial intelligence (AI) surged across global businesses, as companies from diverse sectors raced to integrate machine learning and AI-driven technologies into their operations. This rapid uptake was fueled by advancements in AI capabilities, such as natural language processing, generative AI, and deep learning, which have enabled organizations to enhance productivity,

United Airlines recently made headlines by announcing its first share buyback program since 2020, signaling renewed confidence in its financial position. This move comes on the back of strong quarterly earnings that exceeded analysts’ expectations, causing the company’s stock to jump by nearly 9%. Key Financial Performance In the third quarter of 2024, United Airlines

India’s economy experienced significant growth in the second quarter of 2024, with a year-over-year expansion of 7.8%, surpassing expectations and solidifying its position as one of the fastest-growing major economies in the world. This growth was largely driven by the performance of the service sector, which continues to be a major contributor to the country’s

HSBC announced a significant organizational overhaul, aiming to simplify and streamline its operations. The restructuring consolidates HSBC into four business divisions: Hong Kong, U.K., international wealth and premier banking, and corporate and institutional banking. This change is designed to reduce redundancies and enhance decision-making agility. Additionally, Pam Kaur has been appointed as HSBC’s first female

Morgan Stanley, one of the leading global financial institutions, recently posted impressive quarterly earnings, which exceeded market expectations, triggering a stock surge of over 8%. The firm’s strong performance comes amidst volatile market conditions and rising concerns about interest rates, showcasing its robust adaptability and strategic foresight. Highlights of Morgan Stanley’s Earnings Morgan Stanley reported