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Business
Policy support and green efforts drive 11 percent increase in global heat pump sales in 2022
Global sales of heat pumps grew by 11% in 2022, according to the latest International Energy Agency (IEA) analysis, marking a second year of double-digit growth for the central…
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With Trust International acquisition, Edge strengthens defence and technology portfolios
TRUST International Group, a defence trading specialist and major supplier of premium solutions to the UAE Armed Forces and security establishments, has been acquired by EDGE Group.…
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The third largest fish producer in the world, India accounts for 8 percent of global production
Parshottam Rupala, the Indian Minister of Fisheries, Animal Husbandry and Dairy Industry of the Central Government, said that India ranks third among the world's fish producing nations…
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A gold price peak may be near – and it may last
There is still room for gold prices to rise and they could reach $2,600 an ounce in the near future. As a result of Silicon Valley Bank's collapse and Credit Suisse's difficulties,…
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Credit Suisse and UBS are in talks to merge – FT
UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland's two biggest lenders meeting separately this weekend, the Financial Times reported. The…
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Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal
The latest celebrity to gain a major acquisition is Ryan Reynolds. T-Mobile (TMUS) acquired Reynolds-backed Mint Mobile for $1.35 billion on Wednesday. There are 61% of shares in stock…
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In JV with SEG ENERA, AD Ports enters Uzbekistan logistics
The ADPORTS Group and SEG ENERA Group, one of the largest multisectoral holding companies in Uzbekistan, have formed ADL-Ulanish, which will provide end-to-end global logistics services…
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Dollar slips as investors await Powell testimony
Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the week, which will likely influence how…
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UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals
During the third meeting of the Industrial Partnership for Sustainable Economic Development's Higher Committee, companies from the UAE, Egypt, Jordan and Bahrain signed industrial…
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US nominates former Mastercard CEO, Ajay Banga, to lead World Bank
US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank, crediting his experience with global challenges such as climate change. David Malpass, a Trump…
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