Bitcoin slumps to Lowest since September
Bitcoin slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies. Bitcoin was last down 3.7% after touching $40,938, its lowest since Sept. 29. The world’s biggest cryptocurrency has lost over 40% since hitting a record high
Shell pursues US $ 7 B Buyback “At Pace”
Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell , the world’s largest trade
Expo 2020 Dubai reaches Halfway Point with nearly 9 Million Visits
Expo 2020 Dubai has now nearly 9 million visits since October where season passes generated almost half of all visits, with repeat attendees reaching 3.5 million.
Dubai Duty Free reveals US $ 976 M Annual Sales for 2021
Figures released on Tuesday showed over nine million sales transactions for a total of about $ 976 million were recorded at Dubai Duty Free throughout the last 12 months.
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 shows investors remain bullish on Apple stock and it
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 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and
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 currency in circulation by 2024,” t
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 now lower than it was in the spring 2021 survey. The pe
Binance Turkey Fined Over Liability Violations
Turkey’s Financial Crimes Investigation Board imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections.
Diddy pays US $ 7.5 M to Buy his Fashion Brand from Bankruptcy
Sean “Diddy” Combs has agreed to pay $7.5 million to buy back Sean John, the bankrupt fashion brand he founded in 1998. “Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand,”