Browsing: Business

Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge.

Rapaport and DMCC will host Dubai’s largest polished diamond auction with over 3,200 lots and more than 50,000 carats on offer for international buyers.

Facing over $1.2 billion in debt, Tupperware filed for Chapter 11 bankruptcy. The company plans to maintain operations and explore a sale to protect its brand.

The Federal Reserve’s upcoming rate decision could signal broader concerns about the economy, with analysts divided over the size of the expected cut.

Wells Fargo faces enforcement action from the OCC for deficiencies in anti-money laundering practices, impacting its financial crime risk management and controls.

Russia’s Central Bank raised its key interest rate to 19%, citing persistent inflation driven by increased defense spending amid the ongoing war in Ukraine.

UAE and India inaugurate a pivotal nuclear energy collaboration, setting a new standard for international agreements.

India targets a $500 billion electronics sector by 2030, aiming to be a global tech hub under Modi’s leadership.

Russia’s trade surplus rose to $87.9 billion in the first seven months of 2024, a 20.2% increase from last year.

India and the UAE today signed major agreements in nuclear energy, petroleum, and advanced technologies, reinforcing the Comprehensive Strategic Partnership between the two nations.