Browsing: Business

MENA Newswire News Desk: In a landmark move, the Emirates Nuclear Energy Corporation (ENEC) and the Nuclear Power Corporation of India Limited (NPCIL) have inked a pioneering agreement to bolster nuclear energy cooperation. This accord, signed in New Delhi, will enable both entities to exchange expertise

MENA Newswire News Desk: Saudi Arabia’s non-oil activities surged by 4.9% year-on-year in the second quarter of 2024, propelled by robust growth in the financial and insurance sectors, according to the General Authority for Statistics (GASTAT). This expansion comes as part of the

Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor Statistics reported 7.67 million open positions at the end of July, down from 7.91 million in June.

Stocks declined sharply on Tuesday, with the Dow Jones Industrial Average falling over 100 points as the first trading day of September began on a volatile note. The S&P 500 slid 0.7%, while the tech-heavy Nasdaq Composite dropped 0.9%. The market’s downward momentum was

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to

The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71%

China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index

India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International (ANI). The port, located in Palghar, is expected to significantly

The International Air Transport Association (IATA) reported a significant rise in global air cargo demand for July 2024, continuing a trend of robust year-over-year growth. According to the latest data, total air cargo demand, measured in cargo tonne-kilometers (CTKs), surged by 13.6%

Warren Buffett’s Berkshire Hathaway reached a significant milestone on Wednesday, becoming the first U.S. company outside of the technology sector to achieve a $1 trillion market capitalization. The Omaha-based conglomerate’s shares have surged by more than 28% in 2024, far outpacing the