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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

Doubt Over COVID-19 Vaccine Efficacy Weighing On Stocks Indicate ‘Economic Scarring?

Concerns related to vaccine distribution have brought back the pandemic situation under focus whereby highlighting some of the grim realities of the world. At the closing of the last week, Asian shares “stalled” close to “record highs” whereby reflecting the “renewed doubts” of the investors on the...

European ski resorts protest against closing of "Mountains economy"

The closure of ski resorts in Italy due to the coronavirus pandemic threatens to cause losses of €20 billion, which will account for almost 1% of national GDP, the authorities of several northern regions of the country said in a joint note. Earlier, Prime Minister Giuseppe Conte stated the need for...

Oil giant forecasts oil prices to fall sharply for years to come

Oil giant Exxon Mobil has sharply worsened its commodity price forecast. As The Wall Street Journal writes, the American oil concern has made a forecast for the next seven years. According to the company, the impact of the coronavirus pandemic on commodity markets will continue for many years: we...

Dow Jones hits 30,000 points for the first time in its history

According to analysts, November could be the best month for the Dow Jones Industrial Average stock index since 1987. The index is rising on investor optimism about vaccines, economic growth and the change of presidential power in the USA. The Dow Jones Industrial Average Index has exceeded 30,000...

IATA updates industry loss and recovery forecasts

The International Air Transport Association (IATA) has worsened its forecast for 2020 to $118.5 billion, which is the worst result in the industry's history. At the same time, the IATA is more optimistic than before about the rate of recovery of the industry: according to new calculations, global...

Bitcoin Value Reached Close To Its All-Time High After Surpassing $19,000

The value of the crypto currency bitcoin reached near its all time high on Tuesday after it hit a high of $19,000 whch was laos a first for the virtual currency in three years. Closing at $18,918, near its all-time record of $19,666, there was a 3 per cent rise in the value of the world’s...

Economic losses from pandemic in Arab countries hit $150B

The economic losses in the Arab States due to the pandemic have exceeded $150 billion, said Ahmed Aboul Gheit, Secretary-General of the League of Arab States (LAS). "GDP in the Arab region is expected to decline by 6%, economic losses are estimated at $150 billion, approximately 17 million people...

US Designates 89 Chinese Firms With Military Ties In New Drafted Sanction List

89 Chinese aerospace and other companies are set to declare to have close ties with eth Chinese military, according to the Trump administration and will be restricting them from acquiring and purchasing a range of goods and technology developed by American companies or individuals, claimed a report...

Taiwan Confident Of Advancement In Trade Deal Under The New Us Administration Of Joe Biden

A bilateral trade agreement between the United States and Taiwan that is being long sort after the later will be supported by the incoming government of US President-elect Joe Biden, which would be a follow up of the high level economic talks with the current Trump administration, said a confident...

G20 Pledges To Work For Affordable And Equitable Distribution Of Covid-19 Vaccine

The worries that the novel coronavirus pandemic could further widen the gap between the rich and poor w3as reflected in the joint declaration of the leaders of the 20 biggest economies of the world in which they said that no effort would be spared for supplying Covid-19 vaccines to “all people” in...