Samsung reports a 34.57% decline in Q4 operating profit
Samsung has released its Q4 financial report, indicating a 34.57% decline in operating profit, in line with market challenges....
Month : January 2024
UPS reports disappointing Q4 earnings and reveals 12,000 job cuts
UPS reports disappointing Q4 earnings and unveils 12,000 job cuts, aiming to streamline resources in 2024....
Tech stocks drive Norway’s sovereign fund to $213 billion profit
Tech stocks propelled Norway's sovereign fund to a $213 billion profit in 2023, marking a historic achievement....
IMF’s 2024 global growth forecast highlights U.S. resilience
IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action....
ADNOC’s offshore electrification targets 50% carbon cut
The world’s most extensive and cutting-edge power cable-laying vessel has embarked on a groundbreaking endeavor, the $3.8 billion (AED13.95 billion) collaborative project between ADNOC and Abu Dhabi National...
Saudi Arabia’s premier travel expo kicks off in Jeddah
Saudi Arabia's premier travel expo, JTTX, commenced in Jeddah, with global tourism industry players in attendance....
Porsche unveils game-changing all-electric Macan SUV
Porsche's all-new electric Macan sets new standards with up to 639 horsepower and a 784-kilometer electric range, redefining the SUV....
Microsoft hits $3 trillion market value, trails Apple
Microsoft achieves $3 trillion market value, second only to Apple, with a stock price at $404.87 per share, boosted by AI and tech....
Intel’s stock falls 10% on bleak 2024 outlook
Intel's stock plummeted in premarket trading after a disappointing Q1 2024 outlook, despite exceeding recent earnings expectations....
Tesla’s 12% dive wipes $80 billion in market value
Tesla's stock plunges 12%, wiping out $80 billion in value after gloomy earnings and Chinese competition warning....