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Malaysia Cuts Petrol Subsidies Despite Concerns of Triggering Inflation

Taiwan Puts China’s Leading Chipmakers, Huawei, SMIC on Trade Blacklist

BYD Competes for Crown of Tesla, Introduces Cheapest EV Model in UK

WeWork Might Get Revived by Adam Neumann After Bankruptcy Filing in 2023

Rahil MFebruary 7, 20240505 views

In the wake of WeWork’s 2019 collapse, the company has continued to struggle, culminating in a Chapter 11 bankruptcy filing in November. Five years after his controversial departure from WeWork,…

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Paytm Faces Steep Stock Decline Amid Regulatory Challenges and Uncertain Future

Rahil MFebruary 6, 20240345 views

The share price of One97 Communications, the parent company of Indian digital payments giant Paytm, has experienced a sharp decline, hitting the new lower circuit breaker on the Bombay Stock…

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Indonesia Grapples with Business Backlash Over Tax Hike Ahead of 2024 Presidential Election

Rahil MFebruary 5, 20240435 views

Maulana Yusran, Secretary General of the Indonesian Hotel and Restaurant Association (PHRI), expressed frustration, stating that the timing of the tax hike hindered the industry’s recovery from the pandemic. As…

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Egypt’s Dollar Dilemma: High Inflation, Soaring Debt, and the Battle for Economic Stability

Rahil MFebruary 2, 20240423 views

The US dollar, a crucial currency for international transactions, has become increasingly scarce. Egypt, the Arab world’s most populous nation, finds itself in the midst of a severe economic crisis,…

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Novo Nordisk Surpasses $500 Billion Mark as Obesity Drug Sales Soar by 154%

Rahil MFebruary 1, 20240489 views

The shares of Novo Nordisk rose by 4% on Wednesday, settling at 1.2% higher, placing its market value at around $500 billion. Novo Nordisk, the Danish pharmaceutical giant, has reached…

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Kenya Grapples with Tax Revenue Challenges Amidst Investor Exemptions

Rahil MJanuary 31, 20240402 views

Since 2014, Kenya has implemented an array of tax incentives and exemptions, contributing to the observed fall in the country’s tax revenues. Kenya’s ambitious attempts to bolster tax revenues have…

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Bluebell Capital Urges BP to Rethink Clean Energy Shift Amid Share Price Concerns

Rahil MJanuary 30, 20240388 views

In a bold challenge to BP‘s current clean energy strategy, London-based hedge fund Bluebell Capital Partners has called on the energy giant to abandon plans for a significant reduction in…

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Market Jitters as China Evergrande, World’s Most Indebted Developer, Heads for Liquidation

Rahil MJanuary 29, 20240361 views

The development is expected to send shockwaves through China’s already fragile financial markets, with potential implications for global investors and policymakers. In a pivotal move likely to have far-reaching consequences,…

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Saudi Arabia Elevates Halal Industries with Inauguration of Makkah Halal Forum

Rahil MJanuary 25, 20240446 views

The Makkah Halal Forum, held in line with the directives of higher authorities, is a testament to the collaborative approach involving various stakeholders. In a bid to fortify its commitment…

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Turkey Approves Sweden’s NATO Membership, Clearing Major Hurdle for Alliance Expansion

Rahil MJanuary 24, 20240426 views

The approval of Sweden’s NATO membership by the Turkey parliament was secured with 287 votes in favour, 55 against, and four abstentions following more than four hours of debate. In…

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