by Jennifer George | September 12, 2024 | Economy, Industry, News, Technology
Samsung Electronics, a leading smartphone and memory chip maker, will cut up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. According to sources, Samsung is bracing to shed up to 15% of its marketing...
by Jennifer George | September 6, 2024 | Cryptocurrencies, Currencies, Economy, Regulations
Global markets stand at the brink of a disastrous tumble or a cradled recovery with US payroll data right around the corner. Fresh payroll data will reveal if the US job market will weaken further and push the Fed to lower rates by more than a quarter percentage point...
by Jibran Munaf | September 6, 2024 | Economy
China’s policymakers need to shift focus toward boosting domestic demand to address rising deflationary pressures, according to Yi Gang, former head of the People’s Bank of China (PBoC). Speaking at the Bund Summit in Shanghai on Friday, Yi emphasized the need...
by Jibran Munaf | September 2, 2024 | Economy
The United Arab Emirates (UAE) has officially joined the BRICS group, a significant move that underscores its commitment to fostering multilateralism and constructive dialogue on the global stage. This step aligns with the UAE’s long-standing strategy of forming...
by Jibran Munaf | August 31, 2024 | Economy
Saudi Arabia and India are strengthening their economic partnership, marked by a significant rise in Saudi non-oil exports to India. India is Saudi Arabia’s second-largest trading partner, while Saudi Arabia is the fourth-largest trading partner for India. This...
by Jibran Munaf | August 31, 2024 | Economy, Markets, News, Retail
Hong Kong’s retail sector continues to face significant challenges, with July retail sales falling 11.8% compared to the same period last year, marking the fifth consecutive month of decline. The total value of sales decreased to 29.1 billion Hong Kong dollars...
