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Global share markets put brake on ahead of inflation data
May 14, 2024
LONDON — Global markets were in cautious mode on Monday with Wall Street marking time while major European stock markets put the brake on following a record run last week as investors wait on key US inflation data.London, Paris and Frankfurt ended marginally down after finishing at all-time highs on Friday.On Wall Street, the Dow was flat more than ...
UK economy exits recession ahead of election
May 11, 2024
LONDON — Britain exited recession with stronger-than-expected growth in the first qua ...
Spanish bank BBVA goes hostile in Sabadell takeover bid
May 09, 2024
MADRID — Spain's second-largest bank BBVA announced Thursday a hostile takeover bid f ...
Samsung to buy French medical AI firm Sonio
May 09, 2024
SEOUL — South Korean tech giant Samsung said on Wednesday it will buy French artificial intelligence company Sonio to boost its cutting-edge ...
UBS back in profit after Credit Suisse takeover losses
May 08, 2024
ZURICH — Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 per cent to nearly $1.8 billion, far exceeding expectation ...
Qantas to pay $66m fine after 'ghost flights' scandal
May 06, 2024
SYDNEY — Australian airline Qantas agreed to pay a $66 million fine on Monday after a bruising "ghost flights" scandal, following accusation ...
EU pledges $1b for Lebanon, urges curbs against illegal migration
May 04, 2024
BEIRUT — EU chief Ursula von der Leyen recently announced $1 billion in aid to Lebanon to help tackle illegal migration, as rights groups wa ...
China's new aircraft carrier conducts first sea trials
May 02, 2024
BEIJING — China's Fujian aircraft carrier took to the water for maiden sea trials on Wednesday, state media said, a key next step in a vast ...
Microsoft CEO pledges $1.7b AI, cloud investment in Indonesia
May 01, 2024
JAKARTA — Microsoft's chief executive officer pledged a $1.7 billion investment in artificial intelligence and cloud computing to help devel ...
RJ holds virtual annual general meeting, issues financial results of 2023
Apr 30, 2024
AMMAN — Royal Jordanian (RJ) held its ordinary annual general meeting virtually on Monday, with the top management saying the national carri ...
Arab Bank Group profits grow by 17% to $252.8m in Q1 2024
Apr 28, 2024
AMMAN — Arab Bank Group reported solid results for the first quarter of 2024, with 17 per cent increase in net income after tax reaching $25 ...
Thyssenkrupp sells stake in steel unit to Czech billionaire
Apr 28, 2024
FRANKFURT, Germany — Thyssenkrupp said recenetly it had agreed to sell a stake in its steel business to a group owned by Czech billionaire D ...
Mideast tensions threaten global progress on inflation — World Bank
Apr 26, 2024
WASHINGTON — The ongoing tensions in the Middle East threaten to halt — or even reverse — some of the recent progress made in tackling globa ...

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