Browsing: Business

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

Elysium Management opens its first international office in Abu Dhabi’s ADGM, led by Leon Black, as the firm aims to expand its global presence in the region.

Russia has increased its daily gold purchases by 700%, allocating 8.2 billion rubles per day from September 6 to October 4, according to the country’s Finance Ministry.

UK house prices have risen 4.3% annually, with analysts warning that potential changes in the Autumn Budget could impact further growth, particularly if taxes increase.

India’s foreign exchange reserves hit a record $683 billion, marking a $2.299 billion increase for the week ending August 30. This milestone reflects robust financial stability and growth under PM Modi’s policies, contrasting with past stagnation.

Verizon will acquire Frontier Communications for $9.6 billion, expanding its fiber network and adding 2.2 million subscribers across 25 states to its Fios service.

China threatens Japan with severe economic consequences if Tokyo imposes new restrictions on chipmaking equipment, escalating tensions amid US-led efforts to curb China’s tech advancements.

The S&P 500 posted a 2.3% gain in August, reversing early losses, driven by strong performances in sectors like consumer staples, real estate, and healthcare.

China’s economy is under severe strain as manufacturing and property sectors struggle, raising doubts about the government’s growth target for 2024.

Japan’s industrial output rose 2.8% in July, driven by increased semiconductor and electrical device production amid growing global demand.