Canada’s main stock index rose on Wednesday to its highest closing level in five months, lifted by technology and industrial shares as the Federal Reserve signaled it could slow the pace of interest rate hikes. The Toronto Stock Exchange’s S&P/TSX composite index ended up 62.25 points, or 0.3 percent, at 20,282.26, its highest closing level […]
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World equities rose while U.S. Treasury yields retreated on Wednesday after minutes of the Federal Reserve’s latest policy meeting showed U.S. central bankers looking to soon moderate the pace of interest rate hikes. A “substantial majority” of Fed policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes, the […]
Mobile networks of the future will not just be 5G or 6G; they’ll be zero G. Lynk Global launched the first direct-to-mobile commercial satellite in April. On August 15, AST SpaceMobile, a rival, announced plans to launch its experimental direct-to-mobile satellite in mid-September. As launch costs decline, satellite fabrication techniques advance. Telecommunications engineers push new […]
Nordstrom Inc said on Tuesday net sales at its eponymous retail stores fell 3.4 percent in its third quarter, and overall sales for the company slowed down in the past couple of months, “particularly in geographies with unseasonably warm weather.” The company also trimmed its net profit forecast for the fiscal year ending January 2023. […]
GCC Passengers to Benefit From New Global Air Traffic Management System Global digital enabler TXT Group (TXT) has been selected as the latest partner for Inmarsat and the European Space Agency (ESA)’s revolutionary Iris programme, which utilizes the latest generation of satellite technology to modernize air traffic management (ATM). Electronic flight bag application will lead to reduced fuel […]
Small businesses represent about 90% of businesses worldwide. However, managing finances can be quite challenging for small businesses. Thankfully, there are now modern banking solutions that have made financial transactions in business seamless. One such is the virtual credit card. This innovation has enabled businesses to handle their financial affairs more smoothly. In this piece, we will […]
People worry that the ‘tech bubble‘ will likely burst right in front of them. Rightfully so. This year, tech shares are down more than 30 percent, and private firms are experiencing confidence-shattering down rounds. In contrast, cryptocurrency exchanges like Celsius declare bankruptcy as prices of cryptocurrencies plummet. And FTX is taking the whole crypto market […]
People see cryptocurrencies as either the future of finance or a pyramid scheme filling scammers’ pockets. No matter which of these two groups you belong to, it is undeniable that cryptocurrencies are becoming a part of our everyday world, and brands are heightening their acceptance of any payment in cryptocurrency. The first cryptocurrency to ever […]
The “Conference of the Parties,” sometimes known as “COP,” is an annual gathering of the nations that have ratified the UNFCCC, the Kyoto Protocol, or the Paris Agreement. Ministers, negotiators, and world leaders gather to collectively decide how to combat climate change and its effects. To add transparency and more comprehensive viewpoints to the process, […]
In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s factories in California and Nevada as the company struggled to ramp up production of the Model 3. On Monday, Musk said he had worked through the night at Twitter’s San Francisco headquarters and would keep “working & sleeping here” until the […]