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Geopolitical Turmoil in Red Sea Disrupts Global Trade, Prompting Adaptations and Declines
Global trade, a crucial driver of the world economy, faced a setback in the final months of 2023, experiencing a 1.3% decline from November...
Swiss National Bank Posts Annual Loss of $3.54 Billion in 2023 Amidst Interest Rate Hikes
In a turbulent economic landscape marked by inflationary pressures, the Swiss National Bank (SNB) reported an annual loss of 3 billion Swiss francs ($3.54...
Challenges and Opportunities: Navigating the Complex Landscape for U.S. Regional Banks in 2024
U.S. regional banks are anticipated to face a challenging path to profit growth in 2024, confronted by the necessity to offer higher deposit rates...
Fisker Announces Strategic Shift with Plans to Expand Dealership Network for Enhanced EV Sales and Distribution
Fisker, the California-based electric vehicle (EV) company, revealed a pivotal shift in its business strategy on Thursday, outlining its intention to augment its sales...
Abu Dhabi’s IHC Launches 2PointZero Holding Company with $27 Billion Portfolio Spanning Diverse Sectors
International Holding Company (IHC), a major Abu Dhabi conglomerate led by a prominent member of the UAE ruling family, has announced the creation of...