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Factbox-China pledges $138 billion in extra funding to shore up indebted property sector

Factbox-China pledges $138 billion in extra funding to shore up indebted property sector

May 17, 2024 | Economy

BEIJING/HONG KONG (Reuters) – China on Friday announced “historic” steps to stabilise the crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding, easing mortgage rules, and local governments set...

Mark Cuban’s MetaMask Mishap: Shocking Crypto Scam Drains Nearly $1M

Sep 16, 2023 | Business, Economy

In an unexpected turn of events, Mark Cuban, the renowned billionaire and Dallas Mavericks owner, disclosed that he’s the latest casualty in the volatile world of cryptocurrency. The Background In a chat with DL News, a clearly surprised Cuban mentioned a suspicious...

ARM’s Empire at Risk? The Surprising Shifts Redefining the Semiconductor Game

Sep 16, 2023 | Business, Economy

ARM Holdings Plc has historically dominated the smartphone world with its innovative architectures. However, as the industry is rapidly transitioning into the post-smartphone era, it faces significant challenges in capturing the next wave of semiconductor growth. A...

BRICS Alliance Set to Welcome New Members, Shifting Global Dynamics

Aug 27, 2023 | Business, Economy

In a significant development that underscores the evolving landscape of international relations, the coalition of BRICS countries – comprising Brazil, Russia, India, China, and South Africa – has come to a consensus to expand its membership. This comes...

Gen. Petraeus Speaks on Ukraine’s Chance of Victory in Counteroffensive

Aug 26, 2023 | Business, Economy

In a recent chat with CNN, retired U.S. Army general and former CIA director, David Petraeus, expressed cautious optimism about Ukraine’s counteroffensive against Russia. While Kyiv’s initial success in taking out six of Putin’s missiles made waves in May, the road to...

Microsoft’s Momentum: Oppenheimer Gives a Bullish Forecast – But How High?

Aug 26, 2023 | Business, Economy

Microsoft’s foray into the world of Artificial Intelligence (AI) and cloud technology has industry experts buzzing, especially with the promising trajectory it seems to be on. Analyst’s Take Timothy Horan from Oppenheimer has firmly placed his bets on Microsoft...
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