As HSBC prepares to name its third CEO in nine years, the bank is considering financial incentives and reallocating key projects to retain those who miss out on the top job, according
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Apple announced on Friday that it has approved Epic Games’ marketplace app for iPhones and iPads in Europe. This approval follows Epic Games’ accusation that Apple was hindering its efforts to establish
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Koss Corp. (KOSS.O), a renowned headphone manufacturer, saw its shares escalate remarkably for two consecutive sessions, ending at $13.35 on Friday after a surge up to $18.50 earlier that day. This uptick
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On Thursday, major stock markets in the Gulf showed positive movements following soft U.S. labor market data, which boosted investor expectations of interest rate cuts later this year. Wednesday’s data indicated signs
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European shares experienced an uptick on Thursday, driven by optimism surrounding potential U.S. interest rate cuts in response to weak economic data. Meanwhile, London markets saw gains as voting commenced in the
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The pound strengthened on Wednesday, benefiting from a weakening dollar and a report showing that British services sector growth cooled in June but not as sharply as forecasted. The U.S. dollar softened
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British fintech company Revolut reported a record pretax profit of £438 million ($553.81 million) in 2023, driven by significant user growth and a surge in interest-related income. This announcement, made on Tuesday,
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First-time applications for U.S. unemployment benefits rose last week, and the number of people on jobless rolls reached a 2-1/2-year high at the end of June, reflecting a gradual cooling in the
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On Friday, major U.S. banks revealed plans to increase their third-quarter dividends after demonstrating sufficient capital to endure severe economic and market challenges, as confirmed by the Federal Reserve’s annual stress test.
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Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, according to government data released on Sunday. This marks
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