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Al-Bayan Magazine
Al-Bayan Magazine
European Reinsurance Rates Rise by 50% at Jan 2022 Renewals
Some European property reinsurance rates rose by more than 50% at Jan. 1 renewals after the region suffered record insured losses last year from natural catastrophes such as floods and storms. Flooding during July in Germany, Austria, Belgium and Switzerland…
BlackBerry pulls Life Support for its Business Smartphone
BlackBerry, is pulling the plug on service for its business smartphones, which were loved by executives, politicians and legions of fans. The move marks the end of an era as the phones, which sported a tiny QWERTY physical keyboard, pioneered…
BMW Achieves Record Sales in 2021
German carmaker BMW achieved record sales of over 2.2 million vehicles from its BMW brand alone in 2021, the company said on Tuesday, outshining 2019 sales even amid a global chip shortage. “For the first time ever, more than 2.2…
5G Deployment to be Delayed
Verizon Communications and AT&T Inc said late on Monday they had agreed to a two-week delay in deploying C-Band wireless spectrum, averting an aviation safety standoff that threatened to disrupt flights starting this week. The carriers had faced pressure from…
Mercedes-Benz Unveils 1,000 Km-per-Charge Car
Mercedes-Benz took the wraps off its battery-powered VISION EQXX prototype which it says will have a range of more than 1,000km per charge, taking a big stride in its electric vehicle ambitions. Daimler, soon to be rebranded Mercedes-Benz, announced plans…
Apple becomes First US Company to reach a Market Cap of US $ 3 T
$3,000,000,000,000 Apple hit a market cap of $3 trillion during intraday trading on Monday, tripling its valuation in under four years. Apple broke the barrier when its share price hit $182.86. The milestone is mostly symbolic but it…
Electric Cars take Two Thirds of Norway Car Market
The sale of electric cars in Norway rose last year by 48%, ensuring that almost two out of every three new automobiles were battery powered and making Texas-based Tesla the top selling brand. Seeking to become the first nation to…
LG Energy Solution opens Books for South Korea’s Largest IPO
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO) ever. The shares will be sold in a price range of 257,000 won to…
The Wealthy to Invest Less of the Everything Bubble in 2022
If the market is in an everything bubble, wealthy Americans are headed into 2022 saying they don’t really want much more — of anything, according to a recent CNBC survey of millionaires. Investor appetite for every investment type is…
Mexico’s Central Bank to Launch Digital Currency by 2024
Mexico’s central bank will have its digital currency by 2024, the Mexican government announced on social media, although the development was not confirmed by the monetary authority, known locally as Banxico. “Banxico reports that it will have its own digital…
