Browsing: Business

India’s foreign exchange reserves hit a record $683 billion, marking a $2.299 billion increase for the week ending August 30. This milestone reflects robust financial stability and growth under PM Modi’s policies, contrasting with past stagnation.

Verizon will acquire Frontier Communications for $9.6 billion, expanding its fiber network and adding 2.2 million subscribers across 25 states to its Fios service.

China threatens Japan with severe economic consequences if Tokyo imposes new restrictions on chipmaking equipment, escalating tensions amid US-led efforts to curb China’s tech advancements.

The S&P 500 posted a 2.3% gain in August, reversing early losses, driven by strong performances in sectors like consumer staples, real estate, and healthcare.

China’s economy is under severe strain as manufacturing and property sectors struggle, raising doubts about the government’s growth target for 2024.

Japan’s industrial output rose 2.8% in July, driven by increased semiconductor and electrical device production amid growing global demand.

Saudi Arabia’s strategic reforms lead to a $215 billion FDI, positioning it as a top global investment destination.

Nvidia’s earnings, a significant indicator for AI investments, are set to reveal, potentially driving major shifts in tech stock dynamics and market stability.

Lego’s revenue climbs to $4.65 billion in 2024, led by diverse product lines and strategic partnerships.

The EU achieved a €40.4 billion trade surplus in Q2 2024, driven by strong machinery and chemicals sectors, despite significant energy deficits.