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Design Software Figma Debut-IPO Surges 250%, Raising $1.2 Billion

UAE Reports 24% Growth in Non-Oil Trade, Signaling Shift from Oil Dependency

Oreo Maker Struggles in US Market as Foodflation Bites Back

Subway Chain Acquired by Roark Capital for $9.5 Billion

Rahil MAugust 25, 20230625 views

Subway boasts over 37,000 restaurants across more than 100 countries. Private equity firm Roark Capital has reached an agreement to acquire Subway, the renowned U.S. sandwich chain, in a deal…

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BRICS Announces Historic Expansion With 6 New Members to Strengthen World Influence

Rahil MAugust 25, 20230540 views

The expansion of the BRICS group also has profound implications for global economic affairs. Leaders from Brazil, Russia, India, China, and South Africa, collectively known as the BRICS nations, have…

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India Sets Historic Milestone, Chandrayaan-3 Accomplishes Unique Moon Landing

Rahil MAugust 24, 20230447 views

The Chandrayaan-3 mission, aptly named after “mooncraft” in Sanskrit, has achieved an unprecedented lunar landing, making India the pioneer in reaching the moon’s elusive southern polar region. Launched nearly six…

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Fukushima Prepares to Release Treated Wastewater into the Pacific Ocean on Aug 24 Amid Global Concerns

Rahil MAugust 23, 20230534 views

The need for releasing this substantial volume of water arises due to the projected depletion of storage tank capacity by early next year. The Fukushima Dai-ichi nuclear plant, a site…

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SoftBank’s Arm Files for IPO, Anticipated To Be 2023’s Biggest

Rahil MAugust 22, 20230473 views

The triumph of Arm’s IPO would deliver substantial gains for SoftBank’s founder, Masayoshi Son. Arm Holdings Ltd., owned by SoftBank Group Corp., has taken a significant stride towards what is…

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China’s Evergrande Seeks Debt Relief in the US Amid $32 Billion Overhaul

Rahil MAugust 21, 20230553 views

Evergrande Group has sought protection under Chapter 15 of the United States bankruptcy code. Evergrande Group, the Chinese real-estate developer has filed for bankruptcy protection in a US court. This…

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BRICS Summit 2023: 5 Items On the Agenda to Look Out For

Rahil MAugust 18, 20230522 views

The BRICS Summit is scheduled for August 22-24. Johannesburg, South Africa, is set to host a significant gathering next week as leaders from the BRICS group of nations, along with…

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Dubai’s Journey to Becoming the Smartest City

Rahil MAugust 17, 20230505 views

Driving this vision forward is the Dubai Electricity and Water Authority (DEWA), a key governmental entity that has been at the forefront of delivering exceptional smart services since the inception…

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Global Wealth Faces First Decline Since 2008 Financial Crisis

Rahil MAugust 16, 20230613 views

Credit Suisse and UBS Jointly Release 2022 Global Wealth Report Global wealth experienced an unprecedented decline of 2.4% in 2022, marking the first decrease since the 2008 financial crisis. The…

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SoftBank in Talks to Acquire Remaining Stake in Arm Ltd from Vision Fund 1

Rahil MAugust 14, 20230482 views

Arm’s upcoming IPO holds promise not only for VF1 but also for SoftBank. SoftBank Group Corp is reportedly in discussions to acquire the remaining 25% stake in Arm Ltd that…

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