European markets briefing 02/05/2023
The European markets closed low on Tuesday with London's main index, FTSE, dropping by -1.24 percent to 7,773.03.
IBM to pause hiring to replace 7,800 jobs with AI
International Business Machines Corp (IBM) is expecting to pause hiring to replace 7,800 jobs by AI, according to…
UAE’s National Paints Holding acquires 81% of Egypt’s Pachin
Dubai-based National Paints Holding (NPH) has acquired over 80 percent of Egyptian state-owned Paint and Chemical…
Egypt studies dollar alternative possibility for trading commodities
Egypt is putting approving the currencies of its commodity trade partners, including China, India and Russia, into…
Ding Liren becomes China’s first male world chess champion
Ding Liren was crowned as the male world chess champion on Tuesday after defeating Russia’s Ian Nepomniachtchi,…
Tesla raises prices in U.S., Japan, Canada, China
Tesla Inc. has raised its prices in a range of up to $290 in countries such as the U.S., Canada, China, and Japan…
New Majesties to reuse historic vestments, chairs
British royalty will reuse objects from previous coronations for “the interests of sustainability and efficiency,”…
Saudi’s United Electronics halts Egypt expansion plans
United Electronics Company (eXtra)’s expansion plans in Egypt will not go into effect after considering…
Gulf markets briefing 02/05/2023
The majority of the Gulf markets closed low on Tuesday, with the Saudi main index, TASI, dropping by -0.70 percent…
European e-scooter operator TIER Mobility searches for merger
Berlin-based e-scooter operator TIER Mobility is working for a potential merger with bankers at Qatalyst Partners,…
