Banks HSBC’s acquisition of SVB boosts profits by $1.5bln Yassmine Elbehnaihy May 2, 2023 0 HSBC group has reported on Tuesday an increase in its profit by $1.5 billion, following its recent acquisition of…
News Netflix secures $1.31bln net profit in Q1 of 2023 Nada Ali Apr 19, 2023 0 Netflix has posted a net profit of $1.31 billion, about $2.88 per share, while forecasts indicated revenue of $2.86…
Industry & Trade U.S. attracts European clean tech companies offshoring Norhan Adel Apr 18, 2023 0 Inflation Reduction Act (IRA) is attracting European companies to invest in green energy in the United States
Tech/AI Honda withdraws vehicles to fix seat belt problem Norhan Adel Mar 15, 2023 0 Japanese carmaker, Honda has announced on Wednesday that it is withdrawing a half-million vehicles from the…
International News Volkswagen to open first battery cell plant in Canada Yassmine Elbehnaihy Mar 15, 2023 0 Volkswagen (VW) is set to build its first battery cell plant outside Europe, giving its cars access to Canadian and…
Industry & Trade Egypt’s gold, precious stones exports hit $1.633bln in 2022 Sanaa Allam Mar 8, 2023 0 Egypt’s gold exports grew by 45 percent reach $1.633 billion in 2022 compared to $1,126 billion in 2021, according…
International News Two Canadian firms sanctioned for support to Russia Yassmine Elbehnaihy Mar 8, 2023 0 The US’s list of latest sanctioned entities for allegedly supporting Russia during its war in Ukraine includes two…
Tech news Meta cuts prices for its VR headset Yassmine Elbehnaihy Mar 7, 2023 0 Meta is cutting prices for VR headsets, including Quest 2 from $499 to $429 and Quest Pro from $1499 to $999, in…
Money US bill to ban foreign tech may include TikTok Sama Mousa Mar 6, 2023 0 Senate Intelligence Committee Chair Mark Warner said on Sunday, two American senators plan to introduce policy this…
International News Canada pledges more 4 tanks to Ukraine Nada Ali Feb 26, 2023 0 Canadian Prime Minister Justin Trudeau said that the country is sending four more Leopard two battle tanks to…