As Tropical Storm Beryl intensifies, ports along the Texas coast are bracing for impact. Ports are enacting closures and restricting traffic to prepare for the storm’s expected landfall as a Category 1 hurricane later this …
Continue readingAuthor: Aifin
Nepal Floods and Landslides: 11 Dead, 8 Missing After Heavy Rains
Heavy rains triggered landslides and flash floods in Nepal, killing at least 11 people and leaving 8 missing in the past 36 hours. Officials reported that the disaster also blocked key highways and roads, disrupting …
Continue readingPeru Secures €300 Million Loan from KfW for Digital Transformation
Peru will receive a credit of up to €300 million (US$325.08 million) from Germany’s KfW Development Bank to support a digital transformation program, the government announced on Saturday. The 15-year loan carries a 6-month Euribor …
Continue readingBYD Acquires 20% Stake in Thai Dealer Rever Automotive, Deepening EV Market Presence
BYD Deepens Thailand Market Presence with Rever Automotive Acquisition Shenzhen-based automaker BYD has acquired a 20% stake in its Thai distributor, Rever Automotive, solidifying its position in the country’s rapidly growing electric vehicle (EV) market. …
Continue readingLeft-Wing Coalition Wins French Parliamentary Elections, but Falls Short of Majority
The left-wing New Popular Front coalition has emerged victorious in the second round of the French parliamentary elections, securing the most seats in the National Assembly, according to pollsters. However, the coalition is projected to …
Continue readingSamsung Q2 Profit Skyrockets on AI Chip Boom, Memory Prices Surge
Samsung Electronics is poised for a record-breaking second quarter, with estimates indicating a staggering 15-fold increase in operating profit. The surge is attributed to the artificial intelligence (AI) boom, which has driven up semiconductor prices …
Continue readingElon Musk Seeks to Dismiss Lawsuit Over Late Twitter Disclosure, Claims “Mistake”
Elon Musk is attempting to dismiss a lawsuit filed by former Twitter shareholders who allege he violated SEC rules by delaying the disclosure of his substantial stake in the company. The lawsuit, filed in Manhattan …
Continue readingGlobal Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
Continue readingEmcure Pharma’s IPO Draws $11 Billion in Bids, Underscoring Strong Investor Confidence in India’s Generics Market
Emcure Pharmaceuticals, a leading Indian generics manufacturer backed by Bain Capital, has witnessed an overwhelming response to its initial public offering (IPO). The IPO, which aimed to raise $234 million, saw bids worth a staggering …
Continue readingKoss Stock Soars 25% on Speculation of “Roaring Kitty” Interest
Shares of headphone maker Koss Corp. (KOSS.O) surged for the second consecutive day on Friday, closing at $13.35 a share after trading as high as $18.50 earlier in the day. This surge was fueled by …
Continue reading