Economy
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Tesla to hold shareholder vote to incorporate in Texas, says Musk
Tesla Inc. will hold a shareholder vote to decide whether to move the state of its incorporation to Texas, co-founder…
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IMF, Egypt reach initial deal, pound to undergo swift devaluation
Egypt has reached a preliminary agreement with the International Monetary Fund (IMF) on a revised loan, a government official said…
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Saudi Arabia eyes reviving multibillion dollar Aramco share sale
Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal…
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Gold demand to hit record again this year: World Gold Council
Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve…
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Starbucks cuts annual sales forecast due to Israel-Hamas conflict, warns of weak Q2
Starbucks SBUX.O cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning…
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Delaware judge invalidates Elon Musk’s ‘unfathomable’ $56 bln Tesla pay package
A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by…
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Bitcoin heads toward longest winning streak last seen during pandemic
Bitcoin is on course to advance for a fifth straight month in what would be the token’s longest such winning…
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Indian curbs to boost Pakistan’s rice exports at record high prices
Pakistan’s rice exports are likely to jump to a record high in the year ending in June as rival India’s…
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Toyota world’s top automaker for fourth year; chairman apologizes over scandals
Toyota Motor retained its crown as the world’s top-selling automaker for the fourth consecutive year after posting record annual sales…
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Saudi Aramco halts plan to raise production capacity: Statement
Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning…
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