Browsing: Business

OPEC Fund partners with Evocabank to provide a $10 million loan aimed at empowering Armenian MSMEs, with a focus on climate action and women-led enterprises.

Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.

The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty.

Amazon mandates a full-time return to the office for employees, clashing with the UK government’s push for flexible work rights, sparking a global debate on work models.

Qualcomm has approached Intel for a potential takeover, though no formal offer has been made. The acquisition could be one of the largest in tech history but faces regulatory scrutiny.

Elliott Hill returns as Nike CEO, sparking an 8% stock rise as he aims to lead the company through challenging market conditions and revive its competitive edge.

Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge.

IRENA and Azerbaijan will host the first Central Asia Energy Transition Investment Forum in Baku in November, focusing on attracting investments for renewable energy projects.

Facing over $1.2 billion in debt, Tupperware filed for Chapter 11 bankruptcy. The company plans to maintain operations and explore a sale to protect its brand.