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Beyond the ‘Magnificent 7’ Analysts eye shifts in market dynamics
A recent Deutsche Bank report has shed light on the staggering financial clout wielded by the U.S. tech giants collectively dubbed the “Magnificent 7.” These industry behemoths, including Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia,…
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Sony’s stock plummets by $10 billion as PS5 sales forecast dips
Sony’s stock faced a staggering blow, shedding approximately $10 billion in value within the week, following the tech giant’s decision to revise down its sales forecast for the flagship PlayStation 5 console. The downward adjustment in…
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BRICS surge in millionaires to outpace G7 nations
A recent report by Henley & Partners forecasts an unprecedented 85% surge in the millionaire population within BRICS nations over the next ten years, marking the highest growth in wealth among any group of nations. The report, conducted…
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PM Modi and Sheikh Mohammed unveil plans for Bharat Mart
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, alongside Prime Minister Narendra Modi of India, marked a significant milestone today by laying the foundation stone for Bharat Mart, a…
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Japan slips to fourth-largest economy as recession hits
Japan, a former economic powerhouse, has been displaced from its longstanding position as the world’s third-largest economy by Germany. This significant shift in global economic rankings comes as Japan unexpectedly slips into recession,…
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IMF predicts global interest rate drop by mid-2024
The ongoing World Governments Summit 2024 (WGS) witnessed a pivotal plenary session headlined by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), shedding light on the trajectory of global interest rates.…
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Restaurant Brands beats analyst forecasts on Tim Hortons sales
Burger King owner, Restaurant Brands International, has exceeded analysts’ projections for its fourth-quarter earnings and revenue, bolstered primarily by robust sales from Canadian coffee chain Tim Hortons. Tim Hortons, the renowned…
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World Bank president advocates for inclusive development path
During the opening day of the World Governments Summit (WGS) 2024, Ajay Banga, President of the World Bank Group, delivered a compelling session titled “Delivering Impactful Development Results – a Conversation with the World Bank…
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Cocoa prices surge as bad weather hits West Africa crop yield
Cocoa futures prices have surged more than $1,000 or nearly 40% since the start of the year to hit an all-time high of $5,874 per metric ton. This significant spike is attributed to adverse weather conditions plaguing cocoa-producing…
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Edge, Turkish Aerospace forge partnership at World Defence Show
At the prestigious World Defence Show in Riyadh, Saudi Arabia, today, EDGE, a global leader in advanced technology and defense, and Turkish Aerospace, a prominent Turkish aerospace and defense technology company, sealed a significant…
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