Gold prices are to hit $6,300/oz by the end of 2026 as buying sprees from central banks and investors mount.
J.P. Morgan stated in a letter on Monday that it anticipates gold prices to reach $6,300 per ounce by the end of 2026 due to
African nations to borrow $155 billion in long-term commercial debt this year, S&P says.
A survey by S&P Global Ratings shows African countries are anticipated to borrow $155 billion in long-term commercial debt this year, a 10% increase over
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Taiwan’s economy grows at the fastest pace of 8.6% in 15 years on the AI boom.
Last year, Taiwan’s economy grew at the quickest rate in 15 years—8.6% annually—thanks to a boom in shipments to the United States and the hype
Meta faces trial in New Mexico for alleged child exploitation on its platforms and profiting from it.
The state of New Mexico has filed a lawsuit accusing Meta Platforms of exposing children and teenagers to sexual exploitation on its platforms and making
Nvidia, Amazon, and Microsoft are to issue term sheets for a $60 billion investment in OpenAI.
The Information revealed on Wednesday that Microsoft, Nvidia, and Amazon are in talks to invest up to $60 billion in OpenAI. Nvidia, an existing investor
US banks may lose $500 billion to stablecoins within 24 months, posing a threat to financial stability.
Standard Chartered estimated on Tuesday that stablecoins, which are U.S. dollar-backed cryptocurrency tokens, could withdraw about $500 billion in deposits from U.S. banks by the
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China’s position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Nvidia invests $2 billion in CoreWeave to accelerate the construction of data centers.
As the two businesses deepen their collaboration to increase data centre capacity in the US, Nvidia has invested $2 billion in CoreWeave, becoming the AI
Autodesk sheds 7% of its global workforce to redirect investments to AI and cloud.
Autodesk, a manufacturer of design software, announced on Thursday that it would eliminate around 1,000 jobs, or 7% of its global staff, in order to
Netflix’s $72 billion offer for Warner Bros. is all cash as it steps up its proposal.
In an attempt to win over the shareholders of the Hollywood behemoth for its $72 billion merger and possibly avert a hostile bid from Paramount,
Zurich Insurance offers $10 billion for the UK’s Beazley in a bid to expand in the specialty insurance market.
The British company’s shares increased 40% on Monday after Zurich Insurance Group made an upgraded bid of 7.67 billion pounds ($10.3 billion) for specialty insurer
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