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Gold Prices Rise Amid Uncertainty On US President-Elect Donald Trump’s Policies
January 11, 2025
Gold prices continued to rise Friday amid a lack of clarity regarding the policies that US President-elect Donald Trump’s upcoming administration will pursue. Gold prices Spot gold rose 0.88% to $2,694.73 per ounce as of 9:14 pm AST Arabia Friday. Gold prices fell to $2,663.09 an ounce after the release of US employment data but later pared losses …
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Microsoft Announces $3B Investment To Expand Capacity In India’s Cloud And AI Infrastructure
January 9, 2025
Microsoft plans to invest $3 billion to expand its cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said Tuesday, improving the prospects of a country with vast tech expertise and low costs that could turn investments profitable easier. Investment in India The two-year investment, its largest in India, will also be used …
Spain’s Sociedad Textil Lonia To Acquire French Fashion House Christian Lacroix In Private Transaction
Spain’s Sociedad Textil Lonia (STL) announced Tuesday that it has reached an agreement to acquire Christian Lacroix, the French fashion house founded in 1987, for an undisclosed amount. Christian Lacroix acquisition STL described the agreement as a private transaction with the US-based Falic group. “By acquiring Maison Christian Lacroix, with its treasure of archives and …
Nvidia Stock Suddenly Slips To Worst Day In Months Despite Analysts’ Positive Reaction To Jensen Huang’s CES Speech
Nvidia stock briefly touched a new record Tuesday following a high-profile speech from its billionaire leader Jensen Huang, an address teasing the next big thing in artificial intelligence which also inspired rallies from the stocks of several other companies in Nvidia’s orbit, but failed to sustain a prolonged rally for Nvidia. Key facts Tangent Shares of …
Spain’s Sanchez Joins Other EU Leaders Expressing Concern Over Elon Musk’s Involvement In European Politics
Spanish Prime Minister Pedro Sánchez has joined a growing number of European Union (EU) leaders who have expressed concerns over billionaire Elon Musk’s involvement in politics in the region. Stirring up hatred Sánchez said at an event in Madrid on Wednesday without naming the Tesla CEO that he is interfering in European politics and undermining democratic institutions, …
