In the Gulf region, stock markets experienced declines on Wednesday due to a variety of factors including the intensification of Israeli bombing in Gaza and military evacuation operations in the northern Strip. The Saudi index dropped by 1.03%, with declines in ACWA Power and Saudi National Bank shares leading the way. In contrast, the UAE…
As investors become increasingly aware of the American Federal Reserve’s lack of interest in pushing for further records on the stock market, they are seeking alternative sources of hope instead of relying solely on the Fed. This realization has led to a shift in focus from the Fed to other factors that may impact the…
In the first quarter of the year, 139,800 jobs were lost, marking the most significant decline since the pandemic and excluding 2020 since 2014. This decrease was mainly due to the destruction of full-time jobs, with 199,700 positions lost but 59,900 part-time positions created. This means that for every part-time job created, three full-time jobs…
On Saturday, the House of Representatives passed a new aid package for Ukraine, despite opposition from the MAGA movement. The Biden administration had already prepared the necessary materials to send the aid, pending Congress’s approval. As a result, the effects of this legislative achievement are expected to be swift. Many observers are relieved, embarrassed, angry,…
The electric car market is expected to bring about significant changes to the state’s revenue streams. However, Transport and Communications Minister Lulu Ranne believes that combustion engines will never fade away completely in Finland. In an interview, she expressed her belief that while no driving force can be predicted with certainty, combustion engines will always…
In an effort to prevent strikes at Charleroi airport, the management has decided to reassign two managers who were accused of bullying by staff members. A spokesperson for BSCA made the announcement on Friday afternoon after informing unions of the decision earlier in the day. The measures are considered precautionary and will remain in place…
Austria has faced a downgrade in its long-term credit rating from “AAA” to “AA+” by the European rating agency Scope. The change in outlook from “negative” to “stable” reflects the increasing divergence in Austria’s fiscal indicators compared to highly rated countries, driven by factors such as the Corona pandemic and the energy crisis. Despite recent…
The Pennsylvania Department of Banking and Securities has announced the closure of Philadelphia-based institution, Republic First Bank, and handed over its affairs to the Federal Deposit Insurance Corporation (FDIC). This transition will result in 32 branches of Republic Bank in New Jersey, Pennsylvania, and New York operating as Fulton Bank branches during regular business hours…
Tokyo’s population is declining, but the city is experiencing an influx of people, especially the wealthy. Despite a lack of a housing shortage, high-rise buildings in Tokyo are becoming increasingly expensive. Thomas Hasler, head of the Swiss construction chemicals group Sika, showcases Japanese urban planning at the Mori JP Tower in Tokyo, one of the…
Tesla’s earnings announcement led to a surge in the stock price. Trader Jukka Lepikkö noted that new information about car models and technology had shifted his perspective on the stock, emphasizing the importance of investor trust in Elon Musk’s and Tesla’s promises. On the night between Tuesday and Wednesday, Tesla disclosed a significantly weakened financial…