by Jibran Munaf | November 8, 2024 | Retail
Dubai-based supermarket chain Spinneys announced a 12% increase in net profit for Q3 2024, reaching AED35 million ($9.5 million) as the retailer reported strong quarterly and year-to-date performance. Revenue for the quarter rose 15% year-on-year to AED701 million,...
by Jibran Munaf | November 8, 2024 | Economy, Finance
Germany’s Chancellor Olaf Scholz appointed Jörg Kukies as the new finance minister on Thursday, following the dismissal of Christian Lindner. The leadership change has escalated pressure on Scholz to initiate a confidence vote, potentially leading to snap elections...
by Jibran Munaf | November 8, 2024 | News
Federal Reserve Chair Jerome Powell made a firm statement on Thursday, asserting that even if President-elect Donald Trump wanted to fire or demote him, the law would not permit it. Powell’s remarks came in response to questions about Trump’s previous assertions that...
by Jibran Munaf | November 8, 2024 | Markets
The S&P 500 and Nasdaq Composite reached new record highs on Thursday, driven by a tech rally and a fresh interest rate cut from the Federal Reserve, following Donald Trump’s election victory. The Federal Reserve lowered its benchmark rate by 25 basis points to a...
by Jibran Munaf | November 8, 2024 | Opinion, politics
Donald Trump’s return to the White House is poised to reshape U.S. foreign policy, potentially leading to major shifts on key global issues. During his campaign, Trump reiterated his “America First” stance, focusing on non-interventionism and trade protectionism,...
