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Business
US billionaires vie to make space the next business frontier
Later this year Jeff Bezos, the first person to have led a business from nothing to a trillion-dollar valuation, will step down from his job as head of Amazon. But as you’d expect from a tech multibillionaire, his eyes are on a potentially…
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London finance hub must compete outside Europe, says Barclays chief
London’s post-Brexit financial services industry must compete more with New York and Singapore rather than with leading EU centers, the head of British bank Barclays said.
“What London needs to be focused on is not Frankfurt or Paris,…
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Jeff Bezos to resign as chief executive of Amazon
Jeff Bezos, billionaire founder of Amazon, will step down as chief executive, the company announced on Tuesday.
Bezos, who will remain executive chair, will hand the reins to Andy Jassy, chief executive of Amazon Web Services, the…
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Bitcoin is a ‘high-risk’ speculation tool, say Saudi finance experts
Bankers and economists have warned of the “significant risks” in Bitcoin trading, despite the digital currency’s recent headline-grabbing valuations.
Introduced in 2008, Bitcoin surged to a record high on Jan. 8 of $41,530, before…
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Official data: Commercial home prices are causing the pace since mid-2016
London - (Reuters):
Official data revealed, on Wednesday, that British house prices increased in November at the fastest pace since June 2016, as the rise in the housing market due to the Corona pandemic is likely to be close to its peak.…
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Whole house in England..and the price is a ‘down payment’
At a time when home prices vary in several countries on the European continent, and many of them exceed reasonable limits, and the material capabilities of young people, one of the cheapest homes and homes for sale in Britain is offered for…
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The US dollar continues to rise … and the euro falls to its lowest level in two weeks
London - (Reuters):
The dollar rose broadly, Monday, while trading in foreign currencies, securities and expectations of more financial stimulus, and the future against its competitors, while the euro reached its lowest level in two weeks.…
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Kazakhstan confirms that it will adhere to the “OPEC +” agreement to reduce production…
Nur Sultan - (Reuters):
Kazakhstan's Energy Ministry said, Monday, that the government of the Central Asian country is committed to a global agreement to reduce oil production between OPEC and independent producers by 96% in December.…
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Red Sea airport contract awarded to Irish firm
The Red Sea Development Co. (TRSDC), the tourism developer wholly owned by Saudi Arabia’s Public Investment Fund (PIF), has appointed DAA International as the operator of The Red Sea Project’s airport.
The Irish aviation firm will…
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ACWA Power signs $125m finance deal to fund its pipeline of future projects
ACWA Power, the Riyadh-headquartered developer and operator of power generation and desalinated water production plants, has signed a $125 million financing deal with the Arab Petroleum Investments Corporation (APICORP), it was announced on…
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