Category : Business
Krispy Kreme and McDonald’s forge alliance for breakfast boost
In a strategic move aimed at enhancing their breakfast offerings, fast-food giant McDonald’s is set to expand its partnership with Krispy Kreme, a renowned doughnut chain. The collaboration will see Krispy Kreme’s signature doughnuts being offered at all McDonald’s locations across the United States by the year 2026. This significant development was revealed......
Private equity surge in Japan defies Asia Pacific downturn
The private equity landscape across the Asia Pacific region witnessed a notable downturn in 2023, experiencing a decline of more than 23% in total deal value, as reported by Bain & Company. Amidst this trend, however, Japan emerged as a remarkable outlier, with its deal value skyrocketing by an astonishing 183%......
Market optimism surges as S&P 500 targets reach new heights
Goldman Sachs, a prominent financial institution, has put forth a striking prediction regarding the fate of the S&P 500 index in the coming year. According to the renowned investment bank, the trajectory of major tech companies could potentially propel the S&P 500 to a remarkable height of 6,000 points. However, in......
Aramco’s 2023 net income hits $121.3 billion, second-highest ever
In a significant financial disclosure, Saudi Aramco, the world’s leading oil company, has unveiled its full-year 2023 results, showcasing a remarkable net income of $121.3 billion. This figure stands as the company’s second-highest ever, underscoring its robust financial performance amidst global economic challenges. Aramco’s success in 2023 is attributed to its......
Bitcoin’s volatility sparks $400 billion crypto market value drop
The cryptocurrency market witnessed a staggering loss of $400 billion in value as Bitcoin, the leading digital currency, continued its downward trajectory following a recent all-time high. On Wednesday, Bitcoin experienced significant volatility, briefly dropping below the $61,000 mark, as it struggled to initiate a recovery. As of 07:20 a.m. ET,......
Yas Island set for two exciting beach developments by Miral
Miral, a key developer renowned for crafting immersive destinations and experiences in Abu Dhabi, has announced the ambitious undertaking of developing two beaches within the vibrant Yas Bay Waterfront on Yas Island. This move seeks to further enrich the already bustling day-to-night destination, complementing its existing array of lifestyle and leisure offerings.......
Australian taxi operators secure $178 million settlement from Uber
Uber Technologies Inc has reached a settlement agreement worth A$271.8 million ($178 million) to resolve a class-action lawsuit filed by Australian taxi operators and drivers, alleging financial losses due to Uber’s entry into the market. This settlement marks Australia’s fifth-largest, according to Maurice Blackburn Lawyers, the legal firm representing the plaintiffs. The......
UAE-US non-oil trade hits $31.4 billion, expects growth in 2024
Non-oil trade between the UAE and the United States surged to an impressive $31.4 billion in 2023, marking a significant milestone in their economic relations. According to Danny E. Sebright, President of the US-UAE Business Council, this robust trade volume is expected to maintain its momentum throughout 2024, underlining the resilience......
Bitcoin correction signals potential dip to $58,000, say experts
Bitcoin faced a setback in its meteoric rise, with the flagship cryptocurrency witnessing a 6% overnight drop to $68,000 on Friday. While the exact catalyst for this decline remains elusive, analysts view it as a necessary correction amidst the currency’s recent surge. Throughout the year, Bitcoin has been on an upward......
Bitcoin ETFs surge to record high with $1 billion inflows in a day
In a monumental surge, spot bitcoin Exchange-Traded Funds (ETFs) in the United States experienced unprecedented inflows exceeding $1 billion in a single day, marking another milestone in the burgeoning cryptocurrency market. The data, sourced from BitMEX Research, underscores the escalating investor interest in bitcoin-related financial products. This surge in inflows signifies a significant shift......