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Emirates gets more aid from Dubai as first half losses narrow
Emirates got a further 2.5 billion dirhams ($ 681 million) in state support in the first half of the year, the airline said on Wednesday, as it announced first half losses had halved.
It is the third time since the pandemic started that…
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Bitcoin breaks two records in one day
Bitcoin price renewed for the second time in a day its historic maximum and rose above $68,000, according to trading data.
The price of the cryptocurrency, earlier in the night, exceeded $67,000.
On the Binance exchange, the price of…
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Nissan triples profit forecast on strong quarterly results
Nissan Motor Co reported on Tuesday a second quarter operating profit of 62.8 billion yen compared with a loss of 4.8 billion yen a year earlier as sales rebounded from a pandemic slump.
That result for the three months to Sept. 30 was…
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Hacker steals $55 million in cryptocurrency
Crypto bZx was hacked for the second time in days after a hacker managed to steal millions of different cryptocurrencies after one of its developers got caught in a phishing attack.
And the company announced in a tweet that roughly 25%…
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Crypto rally lifts ether to new record, bitcoin to near 3-week high
Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears.
Bitcoin jumped more than 4 percent to as high as $66,170,…
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SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
While CEO Masayoshi Son describes…
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Saudi Arabia allows non-Saudis to invest in real estate funds at Makkah and Madinah
The Capital Market Authority (CMA) allowed the financial market institutions to accept the subscriptions of non-Saudis in the real estate funds that invests in assets within the boundaries of Makkah and Madinah, according to a released…
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Indonesia’s sovereign wealth fund enters into cooperation with UAE
Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the United Arab Emirates to invest in a variety of high-yielding financial products, according to Bloomberg.
The investment framework agreement was signed with…
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France’s Bouygues makes its largest deal ever after buying Equans from Engie for $8.2bn
Paris-based Bouygues S.A. is making its largest-ever deal after agreeing to buy Equans, the service unit of French energy giant Engie, for 7.1 billion euros ($8.2 billion).
The deal will be one of the biggest deals in France this year.…
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UK looks to Qatar for gas as Europe’s energy crisis bites
The UK has held talks with Qatar over the Gulf state becoming a gas supplier “of last resort” should Europe’s energy crisis continue.
Prices across the world have jumped in recent weeks over wide-ranging increases in demand coupled with…
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