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Saudi Aramco Eyes Renewable Energy Expansion, Aligning with Vision 2030

Saudi Aramco, the world’s largest oil company, has announced its ambitious plans to expand into renewable energy as part of the kingdom’s broader Vision 2030 initiative. The state-owned energy giant is pushing for significant investment in carbon-neutral solutions, including green hydrogen, wind, and solar power, marking a shift from its traditional role as a major […]

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Tesla Stock Surges Following Strong Q3 Deliveries and Autonomous Driving Advances

Tesla’s stock surged in the third quarter of 2024 after the electric vehicle (EV) giant reported better-than-expected delivery numbers and made significant progress in its autonomous driving technologies. This performance highlights Tesla’s continuing dominance in the electric vehicle market, even as competition intensifies globally. The company’s shares jumped nearly 10% in mid-September following the release

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BP Acquires Major U.S. Hydrogen Producer in Shift Toward Sustainable Energy

BP, one of the world’s leading energy companies, has taken a significant step in its transition toward sustainable energy by acquiring a major U.S.-based hydrogen producer. This acquisition reflects BP’s broader strategy to pivot away from fossil fuels and invest heavily in renewable and low-carbon energy sources, aligning with the company’s commitment to reach net-zero

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Japan’s Economic Growth Rebounds in Q3 2024, Driven by Consumer Spending and Weak Yen

Japan’s economy saw a notable rebound in the third quarter of 2024, with GDP growth exceeding forecasts. The recovery was largely driven by an increase in consumer spending and a weak yen, which has boosted the competitiveness of Japanese exports. The economic resurgence comes after a challenging period marked by global inflation, supply chain disruptions,

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The EU Fines Meta $1.3 Billion for GDPR Violations: Largest Data Privacy Penalty in History

In a landmark decision, the European Union (EU) has fined Meta Platforms, the parent company of Facebook, a record $1.3 billion for violations of the General Data Protection Regulation (GDPR). The penalty marks the largest-ever imposed under GDPR, reflecting the EU’s increasing scrutiny over the privacy practices of global tech companies. Meta’s violations pertain to

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Russia’s Economy Shows Resilience Despite Sanctions, Oil Exports Stabilize Amid Geopolitical Tensions

Despite facing some of the most stringent economic sanctions in modern history, Russia’s economy has shown remarkable resilience in 2024. Western nations, led by the U.S. and European Union, imposed sanctions on Russia following its invasion of Ukraine, targeting key sectors such as banking, energy, and technology. These sanctions were intended to cripple Russia’s economic

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Disney’s CEO Bob Iger Extends Contract, Focuses on Digital Expansion and Revitalization of Theme Parks

The Walt Disney Company announced that its iconic CEO, Bob Iger, has extended his contract through 2026, underscoring the entertainment giant’s commitment to navigating a rapidly changing media landscape. The decision to extend Iger’s tenure reflects Disney’s confidence in his leadership as the company seeks to strengthen its core businesses while accelerating its digital transformation.

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NTSB Intensifies Probe into Boeing 737 Max 9 Door Plug Issue Amid Safety Concerns

The National Transportation Safety Board (NTSB) is intensifying its investigation into a concerning issue involving the Boeing 737 Max 9 aircraft. According to a recent Reuters report published on April 10, 2024, the NTSB is conducting new interviews as part of its probe into a potentially hazardous situation related to door plugs on the Boeing

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Amazon Ordered to Pay $525 Million in Cloud Storage Patent Dispute

In a landmark verdict, a US jury has ruled that Amazon must pay $525 million in a cloud storage patent dispute. The ruling comes after a protracted legal battle between Amazon and Droplets Inc., a Texas-based technology firm. The jury found Amazon guilty of infringing on Droplets’ patents related to cloud storage technology. The dispute

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The ‘supercore’ inflation measure shows Fed may have a real problem on its hands

A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend.

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