Oil prices rise as U.S. crude stocks drop, but gains stay limited
Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar...
Month : December 2024
FedEx plans to separate freight division into independent company
FedEx announces plans to spin off FedEx Freight into a new public company within 18 months, creating North America’s largest LTL carrier and boosting operational...
Nike CEO outlines growth strategy after declining revenue and profit
Nike CEO Elliott Hill outlines strategies to revive growth by refocusing on performance and scaling back discounts, despite recent revenue and profit declines....
Foreign visitors to Japan soar past 33 million from January to November
Japan set a record with over 33 million foreign visitors in 2024, driven by a weak yen and strong tourism growth, surpassing its pre-pandemic high...
ADNOC L&S acquires 20 offshore assets in growth strategy
ADNOC L&S expanded its offshore operations in 2024, acquiring 20 assets, securing 19 JUB contracts, and boosting revenues 51% to $1.67 billion, marking robust regional...
OPEC Fund signs €50 million loan agreement with Montenegro
OPEC Fund signs its first loan agreement with Montenegro, committing €50 million to bolster fiscal sustainability, climate action, and green projects, with support from the...
DP World starts $1.2 billion port construction in Senegal’s Ndayane
DP World launches construction on Senegal’s $1.2 billion Port of Ndayane, designed to accommodate the largest container ships and transform the country into a major...
CBUAE gold reserves exceed AED23 billion by end of Q3 2024
The Central Bank of the UAE reported gold reserves exceeding AED23 billion by Q3 2024, marking a 27.76% year-to-date increase, while banking deposits and transactions...
AT&T mandates full in-office work for employees starting January 2025
AT&T will require all office employees to work on-site five days weekly starting January 2025, marking a shift from its hybrid model and aligning with...
Federal Reserve rate cut expected to influence Bitcoin’s trajectory
Bitcoin hits $108,315 before retreating as traders await Federal Reserve decision. Pro-crypto sentiment from Trump and Nasdaq 100 news fuel optimism amid market volatility....