Business
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Saudi Aramco reports greatest earnings since its 2019 IPO as oil prices surge
As global oil and gas prices continue to rise, profits at the state-owned energy company, Saudi Aramco increased by 82%…
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The US Dollar at a two-decade high before inflation data
The US dollar ($) remains at a two-decade high. Investors await new inflation data to determine how aggressively the Federal…
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US Senate passes NOPEC bill despite backlash from oil producers
The NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate subcommittee on Thursday with a 17:4…
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US FTC to probe Twitter for antitrust violations
Elon Musk’s $44 billion Twitter acquisition is allegedly being investigated by the US Federal Trade Commission (FTC) for possible antitrust…
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Amid concerns, OPEC signs deal to increase monthly oil output
As global markets tighten due to the EU’s consideration of barring Russian supply, OPEC (Organization of the Petroleum Exporting Countries)…
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Global chip shortage hurts tech and automotive industry alike
Due to a persistent shortage of chips and other essential ingredients, some of the world’s largest tech and automotive businesses…
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Russia Company Holds Gas Supply to Poland and Bulgaria over Rouble Payments
Gazprom, a Russian energy company, said today that it had cut off gas supplies to Bulgaria and Poland for failing…
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Oil inflation might be a boon to the Middle East, but leaves other countries to deal with social unrest
Energy costs have risen faster than projected, and certain supply chain disruptions caused by the pandemic were expected to last…
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Netflix loses 200,000 subscribers in first quarter; blames competition, password sharing and Russia’s invasion of Ukraine
Netflix announced on Tuesday that it lost 200,000 paid customers in the first quarter, the first drop in over a…
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New digital laws put Dubai on top of the global market for digital assets
Dubai’s government authorities are now mandated by law to provide digital services to their citizens. Law No. (9) of 2022…
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