While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
A unit of China’s sovereign wealth fund has booked more than $50 billion in paper gains from heavy buying of local exchange-traded funds, underscoring the scale of Beijing’s efforts to prop up
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HSBC Sri Lanka has agreed to sell its retail banking business to Nations Trust Bank PLC (NTB) in a landmark deal valued at LKR 18 billion. The transaction, announced today, includes HSBC’s
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The United States is in talks to establish a $20 billion swap line with Argentina and is prepared to purchase the country’s dollar bonds, US Treasury Secretary Scott Bessent said Wednesday. The
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Alibaba Group Holding Ltd. will significantly raise its investment in artificial intelligence as it seeks to establish a full AI ecosystem capable of competing with American tech giants, Bloomberg reported. Speaking at
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Tether Holdings SA, issuer of the world’s largest stablecoin, is in discussions with investors to raise as much as $20 billion through a private placement, Bloomberg reported, citing people familiar with the
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Canadian authorities have executed the largest digital asset seizure in the country’s history, confiscating over CAD 56 million (approximately US$40 million) from the cryptocurrency exchange TradeOgre. The action marks the first time
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Saudi Arabian Mining Company (Ma’aden) is pursuing an ambitious growth strategy to unlock the kingdom’s underexplored mineral wealth, with plans to double gold production by 2030 and build a rare earths supply
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Meta Platforms Inc. is stepping further into wearable technology, unveiling its first smart glasses with a built-in display on Wednesday. The $799 Meta Ray-Ban Display features a screen in the right lens
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OpenAI and Nvidia Corp. are set to announce a major commitment to invest billions of dollars in UK data center infrastructure during their upcoming visit to the country, Bloomberg reported. The pledges
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Global investment in clean hydrogen has surged past $110 billion, defying growing doubts about the fuel’s future following a wave of project cancellations, according to a report highlighted by the Financial Times.
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Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to roll out a new long-term strategy aimed at boosting returns, supporting the local economy, and advancing the kingdom’s diversification away
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When an Abu Dhabi-based artificial intelligence company sought access to one of Europe’s largest data centres earlier this year, it turned to an unlikely intermediary—a former child actor turned investment banker. Zachary
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Thailand’s cannabis industry is poised for a revival under new Prime Minister Anutin Charnvirakul, a political figure who spearheaded the country’s decriminalization of marijuana, Bloomberg reported. Since Anutin first decriminalized cannabis in
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Artificial intelligence start-up Anthropic has soared to a $170bn valuation after raising one of the largest-ever venture capital funding rounds, underscoring investor appetite for the fast-growing sector, the Financial Times reported. The
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Egypt has unveiled one of its latest major architectural projects, the Marina Delta Lagoons Resort, located near New Mansoura and Baltim in Kafr El-Sheikh. The resort has been designed with a Jewish-inspired
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