Browsing: Business

Microsoft has announced plans to invest $80 billion in AI-enabled data centers during its current fiscal year, which ends in June 2025. More than half of this investment is allocated to the United States, reinforcing the company’s focus on strengthening its domestic

Egypt’s food industry exports surged to approximately $5.5 billion in the first 11 months of 2024, reflecting a 17% increase from the $4.7 billion recorded during the same period in 2023. This $813 million rise represents the highest export value and

The United States has launched an investigation into China’s semiconductor industry, citing concerns over anti-competitive practices that could undermine U.S. economic and national security interests. The probe, announced by the Office of the U.S. Trade Representative (USTR), comes just weeks before President-elect Donald Trump is

Nike CEO Elliott Hill outlined his strategic plan on Thursday to revive the company’s growth trajectory, attributing recent revenue and profit declines to excessive promotional discounts. Hill, a longtime Nike veteran who rejoined the company in October, emphasized restoring “sport” as the cornerstone

FedEx Corporation announced on December 19 its plan to spin off FedEx Freight into a separate publicly traded company, aiming to establish the largest less-than-truckload (LTL) carrier in North America. The decision, following a comprehensive strategic review by the FedEx board of directors, is expected

The Central Bank of the United Arab Emirates (CBUAE) has reported a significant increase in its gold reserves, surpassing AED23 billion by the end of the third quarter of 2024. According to the CBUAE’s Monthly Statistical Bulletin for September, the reserves grew by

Bitcoin’s historic rally paused after the cryptocurrency surpassed $108,000 for the first time, reflecting a mix of cautious optimism among traders as they anticipate key signals from the Federal Reserve’s policy meeting. The leading digital asset reached $108,315 on Tuesday but retreated to

Honda and Nissan, two of Japan’s leading automakers, have reportedly engaged in early-stage discussions about a potential merger, as they face mounting challenges in the competitive electric vehicle (EV) market. According to reports from the Nikkei and other outlets, the talks aim to strengthen

T. Rowe Price has raised the prospect of 10-year US Treasury yields reaching 6% for the first time in more than two decades, citing worsening fiscal conditions and potential economic impacts of Donald Trump’s proposed policies. Arif Husain, Chief Investment Officer for Fixed Income

Pfizer Inc. (NYSE:PFE) has issued its financial guidance for the full year 2025, projecting revenue growth between $61 billion and $64 billion, representing a flat 5% operational increase from the midpoint of its 2024 guidance. The pharmaceutical giant also forecast adjusted