Business

Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge.

Verses and Analog announced a smart city project in Abu Dhabi to optimize taxi fleet management using AI-driven technology, marking the start of a larger collaboration.

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.

MENA Newswire News Desk: India and the UAE signed five major agreements today, focusing on cooperation in nuclear energy, petroleum, and other key sectors. Among these agreements, a Memorandum of Understanding (MoU) …

Stocks declined sharply on Tuesday, with the Dow Jones Industrial Average falling over 100 points as the first trading day of September began on a volatile note. The S&P 500 slid 0.7%, …

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The …

The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% …

China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau …

India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International …

The International Air Transport Association (IATA) reported a significant rise in global air cargo demand for July 2024, continuing a trend of robust year-over-year growth. According to the latest data, total air …