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Business
Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake
Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its logistics business to Flexport in exchange for approximately 13%…
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Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs
As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank of America, and Citigroup…
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Carl Icahn on the defensive as Hindenburg Research alleges overvaluation
Carl Icahn, the activist investor known for instigating corporate confrontations, has recently become a target himself. Hindenburg Research, a notorious short-selling research firm,…
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Tech giant Apple’s savings account hits $1 billion milestone in record time
Apple Inc., the Cupertino-based tech behemoth, has garnered unprecedented attention with the recent launch of its Apple Card Savings Account. The introduction of this financial…
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India’s burgeoning trade with Latin America nears $50 billion
In a recent address to the diplomatic corps and students in the Dominican Republic, External Affairs Minister S Jaishankar underscored the burgeoning relationship between India and…
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Stable monetary policy propels Nikkei to an eight-month peak
In a significant financial development, the Nikkei, Japan's premier stock index, surged to an eight-month high, driven by the Bank of Japan's (BOJ) decision to sustain its ultra-easy…
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ADNOC L&S and AG&P join forces for Philippines’ first LNG import terminal
ADNOC Logistics & Services (ADNOC L&S) is advancing its global footprint with the successful docking of its LNG carrier, Ish, at the AG&P Philippines LNG (PHLNG) Import…
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South Korea reinstates Japan on export white list to boost economic ties
South Korea has reinstated Japan on its "white list" of trusted trading partners, a significant step towards mending their bilateral economic and diplomatic ties. Three years ago, Japan…
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Cube Highways Trust lists in India, drawing investment from BCI and Mubadala
Canadian pension investment manager British Columbia Investment Management Corporation (BCI) and Abu Dhabi-based sovereign investor Mubadala Investment Company have joined as anchor…
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DAE announces $300 million increase in bond repurchase authorization
Dubai Aerospace Enterprise (DAE) revealed today that its Board of Directors and Shareholders have approved an additional $300 million for bond repurchases through open market…
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