Business and Finance
GoCardless halved its losses in 2024, reporting a £35.1 million net loss. With revenue growth and cost-cutting measures, the fintech aims for full-year profitability by 2026, with no immediate IPO plans.
Business and Finance
Imagine getting in on the next big thing before it hits the mainstream. That's what investing in an Initial Public Offering (IPO) offers, an exclusive chance to own a piece of a company just as it starts its public journey. With new IPOs constantly emerging, the key to
Business and Finance
Wall Street banks are set to sell up to $3 billion in X loans, a pivotal financial move that could impact investor confidence, market dynamics, and X’s financial stability under Elon Musk.
Business and Finance
Melania Trump recently launched her very own cryptocurrency called $Melania just ahead of her husband Donald Trump's inauguration. With a valuation of $1.7 billion, the coin has had very volatile trading amidst the change in regulatory land that crypto goes through.
Business and Finance
The Asia-Pacific stock market had a marginal increase after hints by Donald Trump on potential tariffs in Mexico, Canada, and China. Investors continued to be very cautious in view of potential shifts in trade policies and economic uncertainty.
Business and Finance
Demand for global equity funds tumbled sharply as a strong jobs report and rising US Treasury yields dampened expectations for rate cuts by the Federal Reserve, causing massive redemptions from U.S. equity and money market funds.
Business and Finance
The global economy is likely to be flat this year, with 2.7% growth-anemic performance outside of the 2019 contraction from the pandemic. Rising tensions and tariffs on trade, primarily from the United States, jeopardize economic stability worldwide.
Business and Finance
America's biggest banks the Dow jumped 703 points, or 1.65%, while the S&P 500 and Nasdaq Composite added 1.83% and 2.45%, respectively. Strong corporate earnings and lower core inflation have helped investors become optimistic about financial markets in early 2025.
Business and Finance
Dubai's real estate market soared in Q4 2024, reaching AED116.5bn ($31.7bn) in sales. Palm Jumeirah led the charge, boasting the highest average price amidst a 31.1% year-on-year growth.
Business and Finance
Dubai-based DAMAC Group has entered a $1 billion partnership with blockchain platform MANTRA to tokenize real-world assets, revolutionizing asset management and investment opportunities in the Middle East.
Business and Finance
Damac Properties, led by Hussain Sajwani, announced a $20 billion U.S. investment in data centers, marking a significant collaboration with President-elect Donald Trump and expanding Damac’s footprint in technology infrastructure.
Business and Finance
Saudi e-commerce giant Nice One raised $322.67 million in its historic IPO on Saudi Arabia’s Main Market, with institutional orders exceeding $45 billion, marking a milestone for the Kingdom's tech sector.