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Al-Bayan Magazine
Al-Bayan Magazine
Allianz’s US $ 235 M bid for Greece’s European Reliance
Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on gross written premiums. The 7.80 euros per share bid represents…
AMD closes Record Chip Industry Deal with Purchase of Xilinx
Semiconductor designer Advanced Micro Devices Inc (AMD) announced it has finalized the purchase of Xilinx in a record chip industry deal valued at about $50 billion, giving it an extra edge in the key data center market.
Top 10 Countries with Largest Gold Reserves
The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. The United States holds the number one spot with over 8,000 tonnes of gold in its vaults – nearly as much…
The US Dollar $ still Dominates Global Reserves
Although the world doesn’t officially have a global currency, the US dollar still represents the closest thing to it. According to COFER (Currency Composition of Official Foreign Exchange Reserves) data disclosed on a quarterly basis by the International Monetary Fund,…
Credit Suisse ends Year with US $ 2.2 B Quarterly Loss
Credit Suisse posted a fourth-quarter net loss of 2 billion Swiss francs ($2.2 billion), hurt by provisions to settle its investment bank’s legal costs and a slowdown in business for its trading and wealth management divisions.
France’s SocGen Quadruples Profit
Societe General, France’s third-largest listed bank, reported a near quadrupling of fourth-quarter profit on lower pandemic-related charges and a rebound in retail banking and equity trading. The bank’s quarterly net income jumped to 1.79 billion euros ($2.05 billion) from 470…
Zurich Insurance Upbeat after 2021 Profits Beat Expectations
Zurich Insurance is likely to see continued revenue and profit growth in the next two years, its CFO said, after the insurer reported its biggest annual profit since the financial crisis. Zurich Insurance, Europe’s fifth-largest insurer, reported a 35% increase…
Fusion Energy moves a Huge Step Closer after Breakthrough
Fusion energy, which could deliver safe and sustainable low-carbon power, has moved a “huge step” closer after a successful landmark experiment. Instead of splitting atoms, fusion energy combines them — the same principle by which stars create heat and light.…
US Seizes US $ 3.6 B in Stolen Bitcoin from Bitfinex Hack
The U.S. seized about $3.6 billion in Bitcoin stolen during a 2016 hack of the Bitfinex currency exchange and arrested two people, the Justice Department said. Ilya Lichtenstein and his wife, Heather Morgan, were detained Tuesday morning. They’re alleged to…
Amazon is more than Doubling its Base Salary Cap to US $ 350 K
Amazon is more than doubling the maximum base salary it pays employees to $350,000 from $160,000. It’s also increasing the compensation ranges of most jobs globally and changing the timing of stock awards to align with promotions. Like many big…
