1.APPLE– Apple Inc on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality....
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1.BANK OF AMERICA:-Gulf exchanges are likely to have another busy year of initial public offerings (IPOs) in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters. After a year that featured three major IPOs on both Abu Dhabi’s ADX and Saudi Arabia’s Tadawul markets,...
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1.GOOGLE:-Alphabet Inc’s Google said on Wednesday it will give an additional bonus to its employees globally this year, as the tech giant pushes back its return-to-office plan. Google will give all employees, including the company’s extended workforce and interns, a one-time cash bonus of $1,600 or equivalent value in...
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1.NIKE:-Nike Inc revealed a virtual world modeled after its headquarters on video game platform Roblox Corp, becoming one of the first big brands to enter the “metaverse”. The digital space, called “NIKELAND”, allows players to outfit their avatar with special Nike products and is free for anyone to visit...
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1.VOLKSWAGEN: Software Volkswagen AG used to alter pollutant emissions based on the outside temperature and altitude is illegal and cannot be justified by its role in protecting the engine, an adviser to the EU’s top court said on Thursday. The finding, if confirmed by the Court of Justice of...
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1.BOEING: -Boeing Co’s Starliner space capsule launch could be delayed by several months as it will likely need to be removed from atop a rocket for repairs, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Earlier this month, Boeing scrubbed the launch of its...
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1.APPLE : Taiwan’s Foxconn reported a better-than expected quarterly profit on Thursday due to strong demand for technology products from clients, such as Apple Inc , as people continued to telecommute amid the COVID-19 pandemic. The world’s largest contract electronics maker reported April-June net profit of T$29.779 billion ($1.07...
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1.NESTLE : Food giant Nestle raised its full-year organic growth guidance to 5-6% after strong demand for coffee lifted organic sales by a better-than-expected 8.1% in the first half of the year. Food groups are grappling with surging commodity costs that are hitting margins, but Nestle, with well-known brands...
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1.TENCENT : China’s market regulator on Saturday said it would bar Tencent Holdings Ltd from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation. The Chinese government has been stepping up antitrust actions in...
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AstraZeneca (NASDAQ:AZN) UP 0.62% AT 7944 Oxford Biomedica on Tuesday doubled the revenue expectation from its COVID-19 vaccine supply deal with AstraZeneca (NASDAQ:AZN) after the drug maker commissioned more batches from the company in the second half of 2021. Shares of the cell therapy firm, which has an agreement...
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