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Financial Markets

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H&M’s celebrity push pays off with biggest profit jump in a year
H&M’s celebrity push pays off with biggest profit jump in a year

STOCKHOLM, Sweden: H&M's bid to refresh its image with trendier styles and celebrity-backed campaigns is beginning to pay off, with...

Wall Street Closes Higher Friday as Tech and Industrials Lead Gains
Wall Street Closes Higher Friday as Tech and Industrials Lead Gains

NEW YORK, New York - U.S. stocks rose strongly on Friday as the latest PCE (Personal Consumption Expenditures Price Index) levelled...

U.S. stocks slide on jobless claims, Dow Jones drops 174 points
U.S. stocks slide on jobless claims, Dow Jones drops 174 points

NEW YORK, New York - U.S. stock markets closed lower on Thursday, with major indexes surrendering ground as investors weighed mixed...

Nvidia, OpenAI strike $100 billion deal tying chips to AI breakthrough
Nvidia, OpenAI strike $100 billion deal tying chips to AI breakthrough

SANTA CLARA, California: Nvidia said it will invest up to US$100 billion in OpenAI and supply the startup with advanced chips, cementing...

Pfizer set to acquire obesity drugmaker Metsera in $7.3 billion deal
Pfizer set to acquire obesity drugmaker Metsera in $7.3 billion deal

NEW YORK CITY, New York: Pfizer is close to striking a US$7.3 billion deal to acquire anti-obesity drugmaker Metsera, according to...

Wall Street extends losses Wednesday, dollar strengthens
Wall Street extends losses Wednesday, dollar strengthens

NEW YORK, New York - U.S. stock markets ended lower on Wednesday, as investors took a cautious stance ahead of key economic reports...

Technology

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Canada says TikTok collected kids’ data, firm pledges safeguards
Canada says TikTok collected kids’ data, firm pledges safeguards

OTTAWA, Canada: TikTok has pledged to tighten safeguards for young users in Canada after a joint investigation found its measures to...

Tech giant ends Israeli mass surveillance of Palestinian civilians
Tech giant ends Israeli mass surveillance of Palestinian civilians

REDMOND, Washington – Microsoft has severed ties with an Israeli military intelligence unit after determining the agency was using...

Nvidia, OpenAI strike $100 billion deal tying chips to AI breakthrough
Nvidia, OpenAI strike $100 billion deal tying chips to AI breakthrough

SANTA CLARA, California: Nvidia said it will invest up to US$100 billion in OpenAI and supply the startup with advanced chips, cementing...

Indian IT faces upheaval as Trump move reshapes H-1B visa strategy
Indian IT faces upheaval as Trump move reshapes H-1B visa strategy

BENGALURU, India: India's US$283 billion information technology industry faces a dramatic reset after U.S. President Donald Trump's...

UAE cybersecurity firm draws attention at China's Global Digital Trade Expo
UAE cybersecurity firm draws attention at China's Global Digital Trade Expo

HANGZHOU, 27th September, 2025 (WAM) -- Emirati companies specialising in innovation, artificial intelligence, digital economy, FinTech...

Democrats release redacted Epstein records mentioning Elon Musk
Democrats release redacted Epstein records mentioning Elon Musk

Republicans have accused rivals of hiding documents that contain names of their backers ...

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