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European markets struggle; Barclays surges 7% on earnings
European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx…
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Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israel’s gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently. This downturn…
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Beyond the ‘Magnificent 7’ Analysts eye shifts in market dynamics
A recent Deutsche Bank report has shed light on the staggering financial clout wielded by the U.S. tech giants collectively dubbed the “Magnificent 7.” These industry behemoths,…
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Sony’s stock plummets by $10 billion as PS5 sales forecast dips
Sony’s stock faced a staggering blow, shedding approximately $10 billion in value within the week, following the tech giant’s decision to revise down its sales forecast for the flagship…
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BRICS surge in millionaires to outpace G7 nations
A recent report by Henley & Partners forecasts an unprecedented 85% surge in the millionaire population within BRICS nations over the next ten years, marking the highest growth in…
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PM Modi and Sheikh Mohammed unveil plans for Bharat Mart
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, alongside Prime Minister Narendra Modi of India, marked a significant milestone today by…
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Japan slips to fourth-largest economy as recession hits
Japan, a former economic powerhouse, has been displaced from its longstanding position as the world’s third-largest economy by Germany. This significant shift in global economic…
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IMF predicts global interest rate drop by mid-2024
The ongoing World Governments Summit 2024 (WGS) witnessed a pivotal plenary session headlined by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF),…
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Restaurant Brands beats analyst forecasts on Tim Hortons sales
Burger King owner, Restaurant Brands International, has exceeded analysts’ projections for its fourth-quarter earnings and revenue, bolstered primarily by robust sales from Canadian…
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World Bank president advocates for inclusive development path
During the opening day of the World Governments Summit (WGS) 2024, Ajay Banga, President of the World Bank Group, delivered a compelling session titled “Delivering Impactful Development…
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