The latest news

Saudi Aramco Shifts Strategy: Plans Higher Debt for Enhanced Dividends

Saudi Aramco Shifts Strategy: Plans Higher Debt for Enhanced Dividends

Dhahran, Thursday, 21 November 2024.
In a strategic pivot, Saudi Aramco announces plans to increase its debt load to optimize capital structure, aiming for enhanced shareholder returns despite recent profit challenges. The world’s largest oil company maintains its robust dividend policy of $31.1 billion quarterly, demonstrating unwavering commitment to investor value even as Q3 profits declined 15% year-over-year to $27.6 billion. This bold financial restructuring comes amid global market volatility and evolving energy sector dynamics.

Biden's Final Push: $4.6 Billion Ukraine Debt Relief Before Trump Takes Office

Biden's Final Push: $4.6 Billion Ukraine Debt Relief Before Trump Takes Office

American Job Market Stagnates: 65% Feel Trapped in Current Roles

American Job Market Stagnates: 65% Feel Trapped in Current Roles

Volkswagen's Labor Leaders Counter Crisis with €1.5 Billion Wage Cut Offer

Volkswagen's Labor Leaders Counter Crisis with €1.5 Billion Wage Cut Offer

Thanksgiving Relief: Turkey Prices Drop 6% as Holiday Meal Costs Decline

Thanksgiving Relief: Turkey Prices Drop 6% as Holiday Meal Costs Decline

latest news in companies

Ford Slashes 4,000 Jobs as European EV Dream Stalls

Ford Slashes 4,000 Jobs as European EV Dream Stalls

Detroit, Wednesday, 20 November 2024.
In a significant industry shift, Ford announces a 14% reduction of its European workforce by 2027, primarily affecting Germany and UK operations. The move reflects a broader crisis in Europe’s EV market, where sales dropped 5.8% this year amid fading government incentives and rising Chinese competition.

Nvidia's Earnings Report Could Spark Historic $300 Billion Market Swing

Nvidia's Earnings Report Could Spark Historic $300 Billion Market Swing

ZIM Shipping's Remarkable Turnaround: $1.13 Billion Profit Signals Industry Recovery

ZIM Shipping's Remarkable Turnaround: $1.13 Billion Profit Signals Industry Recovery

Target's Holiday Nightmare: Stock Plunges 20% as Walmart Widens Market Gap

Target's Holiday Nightmare: Stock Plunges 20% as Walmart Widens Market Gap

Alberta's Rail Revolution: CPKC Unveils Solar-Powered Hydrogen Locomotive Stations

Alberta's Rail Revolution: CPKC Unveils Solar-Powered Hydrogen Locomotive Stations

latest news in economy

2025 Manufacturing Revolution: AI and Digital Tech Lead $94B Investment Wave

2025 Manufacturing Revolution: AI and Digital Tech Lead $94B Investment Wave

United States, Wednesday, 20 November 2024.
U.S. manufacturers are showing unprecedented confidence with 93% planning major growth initiatives. A groundbreaking survey reveals 94% will increase technology investments over the next three years, focusing on AI integration and digital transformation. Despite supply chain challenges, manufacturers are prioritizing smart automation and sustainability, marking the largest technological overhaul in decades. Key concerns include rising transportation costs and skilled worker shortages, but innovation investments are expected to drive significant productivity gains through 2025.

U.S. Wage Growth Outpaces Inflation for First Time Since 2023

U.S. Wage Growth Outpaces Inflation for First Time Since 2023

Wall Street Bulls Eye Record S&P 500 Rally as Election Year Approaches

Wall Street Bulls Eye Record S&P 500 Rally as Election Year Approaches

Minneapolis Fed Charts Bold Course for Regional Economic Inclusivity

Minneapolis Fed Charts Bold Course for Regional Economic Inclusivity

Global Oil Storage Market Set to Surge 35% by 2029 as Asia-Pacific Leads Growth

Global Oil Storage Market Set to Surge 35% by 2029 as Asia-Pacific Leads Growth

latest news in politics

Trump's Cabinet Picks Signal Dramatic Shift in Healthcare and Education Leadership

Trump's Cabinet Picks Signal Dramatic Shift in Healthcare and Education Leadership

Washington, D.C., Wednesday, 20 November 2024.
In a groundbreaking move, Trump nominates Dr. Mehmet Oz to oversee $1.4 trillion in healthcare spending at CMS, while Linda McMahon is tapped for Education Secretary with a mandate to potentially dismantle the department. These controversial selections face mounting scrutiny over past allegations and qualifications, setting the stage for contentious Senate confirmation battles ahead.

Trump's Controversial Pick: Dr. Oz to Oversee $1.5 Trillion Healthcare Budget

Trump's Controversial Pick: Dr. Oz to Oversee $1.5 Trillion Healthcare Budget

Poland Slashes Health Insurance Costs for Small Business Owners in 2025

Poland Slashes Health Insurance Costs for Small Business Owners in 2025

Wall Street Veteran to Spearhead Trump's Trade War: Lutnick Named Commerce Secretary

Wall Street Veteran to Spearhead Trump's Trade War: Lutnick Named Commerce Secretary

World Bank Under Fire: $24 Billion Climate Fund Mystery Sparks Trump's Scrutiny

World Bank Under Fire: $24 Billion Climate Fund Mystery Sparks Trump's Scrutiny

latest news in global

Adani Empire Shaken: US Prosecutors Allege $250M Bribery Scheme

Adani Empire Shaken: US Prosecutors Allege $250M Bribery Scheme

New York, Wednesday, 20 November 2024.
In a groundbreaking development, US prosecutors have charged Indian billionaire Gautam Adani in a massive $250 million bribery scheme involving Indian government officials and solar energy contracts. The case, filed in Brooklyn, New York, alleges fraudulent capital raising through false statements, potentially reshaping global business relationships and investor confidence in one of Asia’s largest conglomerates.

Breakthrough: Converting CO2 to Methane Could Revolutionize Green Energy Storage

Breakthrough: Converting CO2 to Methane Could Revolutionize Green Energy Storage

US Embassy Closure in Kyiv Signals New Phase in Ukraine War

US Embassy Closure in Kyiv Signals New Phase in Ukraine War

Minnesota's Largest Solar Plant Powers Up: 500,000 Panels Light the Way to Clean Energy Future

Minnesota's Largest Solar Plant Powers Up: 500,000 Panels Light the Way to Clean Energy Future

Enzyme Market Set for Explosive Growth: Global Value to Hit $22.86 Billion by 2028

Enzyme Market Set for Explosive Growth: Global Value to Hit $22.86 Billion by 2028

latest news in general

Microsoft Ignite 2024: AI Adoption Surges with 70% of Fortune 500 Companies Using Microsoft 365 Copilot

Microsoft Ignite 2024: AI Adoption Surges with 70% of Fortune 500 Companies Using Microsoft 365 Copilot

Seattle, Wednesday, 20 November 2024.
In a groundbreaking revelation at Microsoft Ignite 2024, nearly 70% of Fortune 500 companies have adopted Microsoft 365 Copilot, marking a significant shift in enterprise AI adoption. Recent IDC research shows companies are achieving a remarkable $3.70 return for every dollar invested in generative AI, with some leaders experiencing returns up to $10. The conference, attracting over 200,000 registrants and 14,000 in-person attendees in Chicago, showcases Microsoft’s expanding AI ecosystem with approximately 80 new products and features announced.

Jets Fire GM Joe Douglas: End of Era After Zero Playoff Appearances

Jets Fire GM Joe Douglas: End of Era After Zero Playoff Appearances

HackerNoon Launches Global Hunt for Next Cybersecurity Champions

HackerNoon Launches Global Hunt for Next Cybersecurity Champions

Giants' $160M Gamble Fails: Daniel Jones Benched After Historic Contract

Giants' $160M Gamble Fails: Daniel Jones Benched After Historic Contract

Corporate Leader Joins Wayne State's Pioneering First-Generation Student Mentor Program

Corporate Leader Joins Wayne State's Pioneering First-Generation Student Mentor Program

latest news in technology

Generative AI Market Set to Surge: Global Value to Hit $7.28 Billion by 2029

Generative AI Market Set to Surge: Global Value to Hit $7.28 Billion by 2029

Dublin, Monday, 18 November 2024.
New market analysis reveals explosive growth in the fintech sector’s AI adoption, projecting a remarkable 36.3% annual growth rate. North American financial institutions lead the transformation, with major players like IBM and Microsoft driving innovation in fraud detection and personalized banking solutions. Key concerns around data privacy and algorithmic bias remain central to implementation strategies.

X's New Terms: AI Training and Legal Battles in Texas

X's New Terms: AI Training and Legal Battles in Texas

latest news in health

Breakthrough in CRISPR Gene Therapy for ATTR Amyloidosis

Breakthrough in CRISPR Gene Therapy for ATTR Amyloidosis

Cambridge, Saturday, 16 November 2024.
Intellia Therapeutics reports promising Phase 1 results for nexiguran ziclumeran (nex-z), a one-time CRISPR-based gene editing therapy for transthyretin (ATTR) amyloidosis. The treatment showed a 90% reduction in serum TTR levels at 12 months, with evidence of disease stabilization or improvement in advanced heart failure patients.