Business

Oman Appoints Ahmed Al Musalmi as Central Bank Governor Amid Economic Transformation

January 2, 2025

Oman Appoints Ahmed Al Musalmi as Central Bank Governor Amid Economic Transformation In a strategic move to bolster its economic reform agenda, Sultan Haitham bin Tariq al Said has appointed Ahmed Al Musalmi as the governor of the Central Bank of Oman (CBO). The announcement, made through a royal decree on January 1, 2025, also […]

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Qatar’s Trade Surplus Declines Slightly, Reflecting Market Adjustments

January 2, 2025

Qatar’s Trade Surplus Declines Slightly, Reflecting Market Adjustments Qatar’s merchandise trade balance surplus for Q3 2024 stood at QR57.7 billion, reflecting a modest decline from QR60.9 billion in the previous quarter. Despite this dip, the data released by the National Planning Council (NPC) underscores Qatar's resilience in global trade and its strategic position as a […]

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Müller Faces £65 Million Loss Amid Milk & More Sale, Eyes Future Growth

January 2, 2025

Müller Faces £65 Million Loss Amid Milk & More Sale, Eyes Future Growth Müller, the leading dairy giant, has reported a significant pre-tax loss of £65.3 million for its UK and Ireland division for the fiscal year 2023. This marks a sharp decline from the £6.2 million loss it reported in 2022, despite achieving a […]

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Marcus Rashford’s Investment Firm Faces Legal Trouble: What’s Next?

January 2, 2025

Marcus Rashford’s Investment Firm Faces Legal Trouble: What’s Next? Marcus Rashford, the Manchester United football star, has recently found himself facing legal trouble with his investment firm, MUCS Investments Limited. The company, founded in January 2021, has been issued a compulsory strike-off notice from Companies House due to its failure to submit its financial accounts […]

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Is Saint Kitts and Nevis Citizenship Worth the Investment in 2025? Key Insights

January 2, 2025

In 2025, Saint Kitts and Nevis Citizenship by Investment (CBI) program continues to capture global attention. With its promise of increased mobility and attractive financial benefits, it's no wonder this option has intrigued investors worldwide. The main appeal lies in gaining access to visa-free travel to over 150 destinations, providing us with the freedom to […]

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Bernie Madoff Victims Recover 94% of Their Losses: A Decade of Restitution Concludes

January 2, 2025

Bernie Madoff Victims Recover 94% of Their Losses: A Decade of Restitution Concludes In a significant milestone for financial fraud restitution, victims of Bernie Madoff’s massive Ponzi scheme have recovered 94% of their verified losses. The U.S. Department of Justice (DOJ) announced this week that the Madoff Victim Fund (MVF) has begun distributing its final […]

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New York Enacts Landmark Paid Prenatal Leave Law

January 2, 2025

New York Enacts Landmark Paid Prenatal Leave Law In a groundbreaking development, New York has set a national precedent by becoming the first state to mandate paid medical leave specifically for prenatal care. The newly enacted legislation, which came into effect on Wednesday, guarantees pregnant employees in the private sector a minimum of 20 hours […]

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Boeing Faces Intensifying Challenges Amid South Korea Jet Crash

January 2, 2025

Boeing Faces Intensifying Challenges Amid South Korea Jet Crash Boeing’s tumultuous journey through 2024 has reached a new low following the crash-landing of a Boeing 737-800 in South Korea, claiming 179 lives. This tragedy adds to the aerospace giant’s growing list of crises, including safety concerns, labor disputes, legal troubles, and declining stock value. The […]

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Nissan’s Stock Faces Sharp Decline Amid Honda Merger Concerns

December 27, 2024

Nissan’s Stock Faces Sharp Decline Amid Honda Merger Concerns After weeks of optimism surrounding a potential merger with Honda, Nissan Motor Co.’s stock experienced a dramatic fall on Friday, marking its largest decline since August 2023. Shares of the Japanese automaker plummeted by as much as 15% during the trading session before closing down 7.8%. […]

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Taiwan Blocks Uber’s $950M Foodpanda Acquisition: A Clash of Giants in the Food Delivery Sector

December 27, 2024

Taiwan Blocks Uber’s $950M Foodpanda Acquisition: A Clash of Giants in the Food Delivery Sector In a move that has sent ripples across the global food delivery industry, Taiwan's Fair Trade Commission (FTC) has taken a firm stance against Uber Technologies’ $950 million acquisition of Foodpanda, one of Asia’s leading food delivery platforms. The decision […]

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BYD Faces Labor Scandal in Brazil: Contractor Jinjiang Group Rejects Allegations

December 27, 2024

BYD Faces Labor Scandal in Brazil: Contractor Jinjiang Group Rejects Allegations Chinese electric vehicle giant BYD, known for its innovative leadership in sustainable transportation, is under fire following allegations of "slavery-like" labor conditions at its factory construction site in Bahia, Brazil. The claims, reported by Brazilian labor officials, have thrust both BYD and its contractor, […]

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FDA Cracks Down on Talc Products: A New Era for Cosmetic Safety

December 27, 2024

FDA Cracks Down on Talc Products: A New Era for Cosmetic Safety The cosmetics industry is facing a seismic shift as the U.S. Food and Drug Administration (FDA) announced a bold new proposal to eliminate asbestos contamination in talc-based products. This move comes after years of mounting public fear, high-profile lawsuits, and heated debates over […]

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