US chip making giant Nvidia has shattered Wall Street’s expectations once again, reporting record-breaking quarterly sales of $35.1 billion, driven by insatiable demand for its AI hardware. The stellar performance, which also yielded a profit of $19 billion, underscores Nvidia’s dominant position in the artificial intelligence (AI) revolution sweeping industries worldwide. “The age of AI […]

Adani Group Plunges Amid Allegations of Bribery and Fraud The Adani Group, one of India’s largest conglomerates, witnessed a dramatic $28 billion erosion in market value during Thursday’s morning trade following serious charges from U.S. prosecutors. The allegations, centered around bribery and fraud schemes, have led to a ripple effect across the group’s 10 listed […]

BlackRock, the global investment management giant, has announced the successful conversion of the BlackRock International Dividend Fund into an active ETF, unveiling the BlackRock International Dividend ETF (NYSE: BIDD). This landmark move represents BlackRock’s inaugural foray into converting an active mutual fund into an active ETF, underscoring the increasing demand among U.S. investors for the […]

Emirates NBD, the second-largest lender in the UAE, has successfully issued a $500 million sustainability-linked loan (SLL) bond as part of its commitment to aligning financial growth with sustainable development goals. The five-year bond, with initial price thoughts (IPTs) set at Treasuries +125 basis points (bps) area, reflects growing investor appetite for ESG-compliant financial instruments. […]

In a bold move to win back customer confidence and stabilize its business following a serious food safety crisis, McDonald’s Corporation has announced a $100 million investment. The initiative comes in the wake of an E. Coli outbreak linked to the fresh slivered onions used in its Quarter Pounder burgers, which resulted in one fatality […]

Foreign investors have sold 82.1 billion rupees ($973 million) worth of Indian government bonds tied to the JPMorgan index so far in November, data from a clearing house revealed on Thursday. This selling spree comes amidst a global economic backdrop dominated by rising U.S. bond yields and a strengthening dollar, creating headwinds for emerging markets. […]

Bitcoin has once again shattered records, soaring to an all-time high of $89,599 early Tuesday. This latest rally pushed the cryptocurrency up approximately 32% since the U.S. presidential election on November 5, driven by widespread speculation about a more crypto-friendly regulatory environment under President-elect Donald Trump. Trump’s victory has reignited the crypto market, lifting the […]

Over the past five trading days, Ethereum exchange-traded funds (ETFs) have seen an impressive influx of nearly $650 million as the value of Ether (ETH) surged more than 30%. On Nov. 12, these inflows turned net positive, driven by BlackRock’s iShares Ethereum Trust, which has attracted considerable investor interest and recorded one of its most […]

The UN Climate Change Conference, COP29, has officially kicked off in Baku, Azerbaijan, and will run until November 22. Leaders, policymakers, scientists, and environmental activists from around the world have gathered to drive forward ambitious climate action, particularly in the wake of the latest reports on accelerating climate change. At the forefront of these efforts […]

Global investment in energy-efficient technologies has surged by 4% in 2024, setting a new high of $660 billion, according to the International Energy Agency’s (IEA) annual Energy Efficiency 2024 report. This record-breaking investment reflects an intensifying global commitment to improving energy efficiency amid mounting climate concerns and rising energy costs. The report underlines the necessity […]