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Abraj Energy shares jump 17% on market debut
Abraj Energy Services shares jumped 17% on their debut on the Oman stock exchange yesterday. The state-owned oil-drilling unit raised…
Toblerone is saying goodbye to its iconic Matterhorn mountains + Meta is gearing up for another round of job cuts
So long, snowy mountains: The iconic Toblerone packaging will be redesigned, as the chocolate bar’s ingredients and manufacturing processes no…
US Fed hints at a slowdown — but no pause — in rate hikes at next meeting
The Fed suggests coming rate hikes may be smaller: US Federal Reserve officials agreed to slow the pace of rate…
Riyadh Cables falls 12% on market debut + ESG funds see first annual outflows since 2011
Riyadh Cables didn’t have a great start to life on the Saudi stock exchange yesterday: Riyadh Cables Group’s shares fell…
Is this the beginning of the end for Big Tech — or the start of a reinvention?
The fallout from the pandemic is hitting the bottomlines of Big Tech. A slowdown in consumer spending, rising inflation, and…
Berkshire turns in mixed results + global food prices hold steady
Another mixed set of results for Berkshire Hathaway: The Warren Buffett-led conglomerate posted a USD 2.7 bn loss in 3Q…
THIS MORNING: The COP27 leaders’ summit starts today + Meta is preparing a job cull of epic proportions
Good morning, friends, and welcome to day two of COP27 in Sharm El Sheikh. The UN climate change summit is…
Wall Street bankers wary of what the future holds
Wall Street bankers reiterated their warnings about the global economy at the Future Investment Initiative in Riyadh yesterday, Reuters reports.…
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