• Mon. Feb 26th, 2024

Economy

  • Home
  • Tech Sector Thrives Despite Inflation Concerns: Nvidia Exceeds Earnings Expectations and Nasdaq Index Surges

Tech Sector Thrives Despite Inflation Concerns: Nvidia Exceeds Earnings Expectations and Nasdaq Index Surges

Nvidia has exceeded earnings expectations and the AI industry continues to thrive, leading to a strong start for the tech sector in 2024. The Nasdaq index, which heavily focuses on…

Low-Cost Airline Lynx Air Shuts Down after Facing Insurmountable Operating Costs

Lynx Air, a Canadian low-cost airline, is set to cease operations after entering bankruptcy proceedings. The airline, which launched in April 2022, cited insurmountable operating costs for 2024 as the…

Egypt and UAE Sign Historic $35 Billion Investment Agreement for New Mediterranean Coastal City

Egyptian Housing Minister Asim al-Ghazar and United Arab Emirates Investment Minister Muhammad Al-Suaidi have recently signed the largest investment agreement in Egyptian history. The project involves the construction of a…

Unveiling Gender Pay Gap in Public Sector: A Look at Women’s Earnings in Health, Education and Government Agencies

A recent report by the head of the public sector wage department at the Ministry of Finance revealed that women in government agencies earned an average of 17% less than…

Aconcagua Energía Expands: From Oil to Energy Services and Gas Marketing

Aconcagua Energía, an energy company founded less than a decade ago, is undergoing expansion after being initially established as an oil company in 2015. The company has since diversified into…

Chubut Governor vs. President Milei: The Unraveling Saga of Debt and Funds

Governor Ignacio Torres of Chubut has escalated his fight with President Javier Milei over a cut in co-participation funds. The governor demanded a $13.5 billion reduction, citing a debt that…

Antimonopoly Department Conducts Search at Sano’s Offices, Company Shares Decrease Amid Competition Investigation

Recently, inspectors from the Antimonopoly Department conducted a search at Sano’s offices, a company known for producing household chemicals and hygiene products. During the search, corporate documentation was seized and…

TSMC Receives $4.86 Billion in Subsidies to Boost Japan’s Semiconductor Industry

Tokyo, Japan has announced plans to provide TSMC with up to 732 billion yen ($4.86 billion) in subsidies to help the company build a second chip manufacturing plant. This comes…

Berkshire Hathaway Reports Record Profits, Cautions Against Expecting Drastic Share Price Increases

Berkshire Hathaway, led by Warren Buffett, has reported record profits once again. In the fourth quarter, net profit doubled to $37.57 billion, totaling an annual profit of $96.2 billion. This…

BASF’s New Cost-Cutting Measures and El Paso Restaurants’ Gain in Competitive Edge Through HR Outsourcing Services

BASF, a German chemical giant, has announced new cost-cutting measures aimed at saving one billion euros annually by 2026. This comes after the company previously announced a cost reduction program…