Zuckerberg confirms, NFTs are coming to Instagram
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg confirmed that the company is building the technical functionality so that users can display their NFTs on Instagram — and even “mint” some NFTs within the app. “We’re working on bringing NFTs to Instagram in the near term,”
Mobily Soars on Etisalat’s US $2.12 B Offer to Boost Stake
Saudi Arabia’s Mobily surged after Etisalat, the biggest phone operator in the United Arab Emirates, proposed to boost its shareholding in the firm in a deal that could be valued at $2.12 billion. Etisalat offered 47 riyals a share for a higher stake in Mobily, a 22.2% premium to its Tuesday’s c
Binance gets its First Gulf Crypto License in Bahrain
The world’s largest cryptocurrency exchange Binance has been given a crypto-asset service provider license by Bahrain’s central bank, its first such license in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.“The license from Bahrain is a milestone in o
These Companies are raising their Prices
The war in Ukraine has a drastic effect on the world economy. Prices are experiencing unprecedented increase due to the difficulty of getting access to raw material and fuel.
UniCredit flags up to
US $ 8 B in losses on
Russia
Italy’s second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital distribution plans hanging by a thread.UniCredit, which is one of Europe’s banks most exposed to R
Oil surges as U.S. bans
Russian Crude
Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports this decision is expected to further disrupt the global energy market where Russia is the second-largest exporter of crude.Oil prices have surged more than 30% since Russia invaded Ukraine, and the United
Google to buy Mandiant
for US $ 5.4 B
Google said on Tuesday it would buy cybersecurity firm Mandiant Inc for $5.4 billion in cash as its cloud business skyrockets.Google’s offer of $23 per share is at a premium of about 53% to Mandiant’s stock price before a report that said Microsoft Corp was also eyeing a deal to buy the
KPMG and PwC to exit Russia
Two of the Big Four accounting firms KPMG and PwC said they will no longer have a member firm in Russia due to the country’s invasion of Ukraine.The auditing and consultancy giant KPMG said its Russia and Belarus firm will leave the KPMG network, a move that will affect over 4,500 partners and
Oil surges to Multi-Year Highs as Russian Supply Shortfall Looms
Oil surged on Friday, ending the week at multi-year highs as Russia’s invasion of Ukraine intensified and oil buyers shunned barrels from the world’s second-largest exporter of crude. Crude prices posted their largest weekly gains since the middle of 2020, with the Brent benchmark up 21%
Ukraine War Bonds that pay 11% are a Risky Bet Investors want to Buy
Ukraine’s first batch of war bonds came with the promise of a double-digit payout and significant risk. Some retail investors were more than happy to take it on. War bonds have been used by governments to finance military spending for years. The U.S. financed its World War I efforts through th