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Traders send US stocks to record high after promising inflation data
US inflation cooled to 3.4% in April, coming in below analyst expectations
US quadruples tariffs on Chinese EVs to 100%
The White House is increasing tariffs on USD 18 bn worth of Chinese imports
Roaring Kitty is back…
Hedge funds shorting the video game seller lost USD 1 bn yesterday as Roaring Kitty returned to X for the…
Saudi and Egyptian assemblers take note: There’s opportunity in a looming global EV shakeout
Plus: Bloomberg’s take on a USD 81 bn subsidy war for chipmaking supremacy
Grocer Spinneys share jump in DFM debut
Spinneys’ shares rose up to 11% on its trading debut on the Dubai Financial Market (DFM) on Thursday, before settling…
Tim Apple won’t be here forever
The best-performing big tech stocks of 2020 have slumped about a third in the years since
Saudi’s tilt toward Silicon Valley is nearly complete. Plus: SRMG to restructure some of its holdings.
But it could present a hiccup in our burgeoning friendship with Beijing
DIFC is looking forward to its “busiest year ever”
Financial services authority boss says another Chinese bank will soon set up shop in DIFC
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