Oman's Sovereign Wealth Fund Invests in Elon Musk's AI Venture
The Oman Investment Authority has acquired a stake in Elon Musk's artificial intelligence company XAI, expanding its portfolio which already includes shares in Musk's SpaceX.
Business News
Fed Rate Decision Looms: Dollar Strengthens, Auto Stocks Rally on Nissan-Honda Talks
Global shares and the U.S. dollar rise ahead of the Fed's interest rate decision, while automaker stocks rally on news of potential Honda-Nissan tie-ups. The dollar reaches multi-m...
G20 Watchdog Calls for Urgent Action to Mitigate Non-Bank Financial Risks
The Financial Stability Board urges governments to address risks from hedge funds, insurers, and other non-bank financial intermediaries, which now account for nearly half of globa...
Indonesia's Central Bank to Boost Government Debt Purchases in 2025: A Strategic Move Amid COVID-19 Recovery
Indonesia's central bank plans to buy more government debt in 2025, replacing maturing COVID-19 bonds under a deal with the government. This move reflects a continued 'burden shari...
Netflix Fined by Dutch Watchdog for Privacy Statement Violations
The Dutch Data Protection Authority fined Netflix €4.75 million for not properly informing customers about data use from 2018 to 2020, violating GDPR regulations.
UniCredit's Strategic Move: Boosting Stake in Commerzbank to 28% with Ambitions for More
UniCredit boosts its stake in Commerzbank to 28%, aiming to reach 29.9%. The move, starting in September, has sparked takeover speculation. UniCredit holds 9.5% directly and 18.5% ...
Zomato CEO Deepinder Goyal: India's Rising Star in Self-Made Entrepreneurs
Deepinder Goyal, CEO of Zomato, ranks as India's second-highest valued self-made entrepreneur. Zomato's valuation surged 190% to Rs 2,51,900 crore, reflecting significant market gr...
Thailand's Central Bank Maintains Key Interest Rate at 2.25%: A Strategic Pause or a Sign of Future Cuts?
Thailand's central bank maintains key interest rate at 2.25%, a decision following a surprise cut in October. Economists widely expected this move, with forecasts pointing towards ...
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