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Amid a challenging global fintech funding environment, the United Arab Emirates (UAE) emerged strongly, registering a remarkable 92% surge in total investment during 2023. This stands in stark contrast to the global downturn, where fintech investments plummeted by 48% year-over-year ...

Asia-Pacific markets mostly rose this week, rebounding from a sell-off in the previous session, with the Nikkei 225 hitting a 33-year high on the back of gains in tech stocks. The index scaled an intraday peak of 33,969.17, its highest ...

The U.S. economy added 216,000 jobs in December 2023, exceeding expectations and bolstering confidence in the economy's path. The figure significantly surpassed market forecasts, which anticipated 170,000 new jobs, as the Bureau of Labor Statistics reported. Moreover, the unemployment rate ...

The stock market's journey in 2024 began with turbulence, wiping away some of the gains achieved during the year-end rally. The S&P 500 index lost 1.4%, while the Nasdaq Composite and the Dow Jones Industrial Average dropped 2.8% and 0.7%, ...

Huawei, which endured years of decline due to geopolitical strife and US sanctions, saw its revenue soar in 2023, nearly reaching $100 billion. This marks a 9% increase from the $92.4 billion recorded in 2022 but still falls short of ...

The Chinese automaker BYD has surpassed Tesla as the world's largest electric car manufacturer by sales. In the final quarter of 2023, BYD delivered a record 525,409 battery electric vehicles (BEVs), while Tesla delivered 484,507. Despite Tesla still leading in overall ...

U.S. crude oil shed more than 10% in 2023, marking its first annual decrease since 2020. Brent crude recorded a 10.32% decrease over the same period. Bearish sentiment prevailed as concerns about oversupply emerged, driven by record production outside OPEC. The ...

In a year marked by substantial legal actions within the crypto industry, the United States has taken the lead in enforcing regulations and penalties against major crypto players. This move positions the US as a global leader in crypto regulatory ...

Heading into the the new year, U.S. stocks and bonds are showing robust momentum. However, there are stillpotential risks. The year 2023 began with challenges for stocks, including rising interest rates and geopolitical tensions. Despite this, major equity averages ended the ...

In the third quarter of 2023, the US economy showed a slightly slower but still vigorous growth, with GDP expanding at an annualized rate of 4.9%, a modest decline from the previously reported 5.2%. This performance, the strongest in nearly two ...

The price of Bitcoin has seen a significant surge in 2023, partially driven by anticipation for the introduction of the first U.S. spot Bitcoin exchange-traded fund (ETF). This groundbreaking development is expected torevolutionize the cryptocurrency investment landscape.Individual and institutional investors alike ...

Surging by the biggest margin since 2009, Spain's top 35 companies saw an impressive aggregate growth of 22% in 2023. Reclaiming pre-pandemic levels, the Madrid IBEX 35 stock index reflected this strong performance.The main reasons behind the rally include the ...

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell about 10% after hours. Nike shares were up 4.7% so far this year through Thursday’s ...

U.S. stocks experienced a robust week fueled by Federal Reserve Chair Jerome Powell's hints of a potential end to the current rate-tightening cycle and positive sentiments from Treasury Secretary Janet Yellen. The S&P 500, Dow Jones, and the Nasdaq all posted ...

In 2023, Spain and Germany marked a significant milestone in renewable energy, with both countries generating over 50% of their electricity from renewable sources. Spain achieved 50% renewable energy generation, a significant increase from 42% in the previous year, while ...