Study Reveals Extent of Pig-Butchering Scam: Over $75 Billion Stolen Worldwide
The study, titled “How Do Crypto Flows Finance Slavery? The Economics of Pig-Butchering,” sheds light on the intricate mechanisms employed by scammers to launder illicit funds through crypto...
View ArticleJapan’s Resurgence: Inflation reaching 2.2%
Japan’s stock index achieved a significant milestone last week reaching its first new high in 34 years, reflecting Japan’s resurgence as an exciting economy – revitalizing business and investor...
View ArticleAramco Increases Dividend Payout by 30%, Despite Production Cuts
Being the world’s biggest crude oil exporter, Aramco is a major source of income for the Saudi government, with its generous dividends. Aramco, Saudi Arabia’s state-owned oil company has increased its...
View ArticleOil Prices Fall as Russia Increases Supplies, Jet Fuel Demand Worries Linger
Tuesday’s opening hours saw a small decline in oil prices following the previous trading day’s increase. Oil prices fell early on Tuesday after climbing the previous trading session, owing in part to...
View ArticleNikkei 225 Surges Past 41,000 as Japan Inflation Rises, Retreats Later
Japan’s Nikkei 225 reached a new high of around 41,000 on March 22, 2024, due to rising inflation in February, while other Asian markets fell. During the month of February, Japan’s headline inflation...
View ArticleGlobal Markets React to U.S. Inflation Data: Yen stoops to 34-yr low
Wall Street’s stumble overnight is sending shockwaves across the markets. The Asian financial markets are reacting to the latest US inflation figures and Wall Street’s stumble overnight is sending...
View ArticleSaudi Arabia Plans to Raise Nearly $12 bn in Aramco Share Sale
As part of its plan for economic change, Saudi Arabia has already lowered its goals for Neom and postponed several projects until after 2030 To raise money for a vast economic reform plan, Saudi...
View ArticleAdnoc’s Ruwais LNG Project Attracts Global Energy Giants’ 40% Stake
The Ruwais facility, which is presently being developed in Al Ruwais Industrial City in Abu Dhabi. It is anticipated to launch in the latter part of 2028. Global energy giants BP, Mitsui of Japan,...
View ArticleGold Becomes a Safe Haven for African Nations Facing Currency Losses
The move to gold is to diversify holdings and reduce reliance on the US dollar. African countries are racing to increase their gold holdings. The reason? To protect themselves against geopolitical...
View ArticleNasdaq 100 Suffers $1 Trillion Loss Amid AI Apprehensions in Worst Day Since...
The manufacturers of hardware that is used in AI computing dealt with some of the biggest drops after a soaring year. The investors have said to have lost faith in the artificial intelligence (AI)...
View ArticleUS Economic Signals Heighten Fears of Market Instability
This week in the US, the services sector’s numbers on Monday and the number of jobless claims on Thursday are two highly anticipated economic reports. The powerhouse US economy could be drifting into...
View ArticleVenezuela’s Controversial Election and Its Global Impact on Oil Markets
Venezuela made efforts to boost their oil capacity and conduct the leadership of Opec with Saudi Arabia in the late 1990s. The recent Venezuela election proved to be important for the country and the...
View ArticleUAE Sets New Milestone in Non-Oil Trade Under Sheikh Mohammed bin Zayed’s...
While trade with all other countries increased by 12.6%, the UAE’s non-oil exports to its top 10 trading partners increased by 28.7%. Under the leadership of President Highness Sheikh Mohammed bin...
View ArticleUAE Completes Arab’s First Nuclear Plant: A New Milestone in Energy
The UAE is committed to diversifying its energy source and reducing its reliance on fossil fuels to secure energy, which is one of the works of the Barakah plant. On Thursday, the oil-rich United Arab...
View ArticleFed Announces Larger-than-Expected Rate Cut as Inflation Eases
The Fed’s policy decision sparked a quiet response from the presidential candidates despite being made just seven weeks before the US presidential election. The Federal Reserve Chair Jerome Powell...
View ArticleMasdar Strengthens Renewable Energy Capacity with Saeta Yield Acquisition for...
Masdar is supporting the delivery of the UAE Consensus ratified at Cop28 and further accelerating its ambitious growth plans. Masdar, a clean energy company in Abu Dhabi has signed a definitive deal...
View ArticleAdnoc Offers $13 Billion to Acquire Covestro, Paving Its Way Into Chemical...
Adnoc’s primary source of revenue until 2016 was the export of crude oil to Asia. Abu Dhabi’s state energy company, Adnoc is making its largest global acquisition by purchasing a significant chemical...
View ArticlePhilippines Targets Its First Nuclear Power Plant By 2032, Enters New Nuclear...
Undersecretary Garin declared 2024 as the landmark year for the nuclear goals of the Philippines, signaling the declaration of the nuclear strategy. The Philippines is going to make a historic leap...
View ArticleMercedes, Porsche ‘Under Threat’ as China Enters Luxury Car Market
Even if there is a legacy for Mercedes and Porsche, consumers are also increasingly interested in Chinese cars. Mercedes Benz Group AG was once a leader in automotive refinement and is now having...
View ArticleFed Cuts and China’s NPC in Focus as Investors Brace Pre-US Election Tension
Besides the US election, investors will also focus on the NPC of China standing committee meeting. Financial markets have started with Asian shares damped and the dollar slightly relaxed ahead of a...
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