Share markets surged in Asia on Monday while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates. Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday that a deal […]
Artificial intelligence and automation have emerged as a major factor in tech workforce reductions in 2026. As of early April, 38,088 tech jobs have been cut worldwide due to AI-linked restructuring, accounting for nearly half of all global layoffs reported so far this year. Oracle stands at the centre of this trend, with all 25,254 of its layoffs in […]
MUSCAT, NOV 5 The Sultanate of Oman’s banking sector has continued to demonstrate resilience and stability, with total assets projected to reach RO 47.8 billion by 2025, almost doubling from RO 25.8 billion in 2015, according to figures presented during the Building a Future-Ready Bank summit organised by Cedar-IBS Intelligence. The report indicates that Oman’s […]
NEW YORK: SpaceX was on course to blow past $2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led company and putting it on track to become the sixth-largest publicly listed company in the United States. Shares were indicated to open around $175 a share, or about […]
