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Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes
Apple will incur a USD 10 bn one-time tax charge
Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Fed officials “open” to larger rate cuts if necessary
“If the data suggests the need for larger cuts, then I will support that,” US governor Christopher Waller said
Al Baraka Capital readies sharia-compliant industrial investment-, sport-focussed funds
Al Baraka Capital is also currently working on three sukuk issuances worth EGP 9 bn
State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
Ultra-rich families are set to control USD 9.5 tn by 2030
Loose restrictions are leaving family offices with more power in financial markets
NBFSs register solid increases across the board in 2Q 2024, FRA says
Mortgage financing registered a 206.7% y-o-y increase in loan value
Gold picked up yesterday after US job opening data disappointed
It’s all eyes on DC for Jobs Friday tomorrow…
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