Emaar Pressures Dubai Financial Market at Close Amid Mixed Performance of Leading Stocks
Dubai Financial Market stable; Emaar down 1.39%, Emirates NBD up 1.77%. Caution prevails as investors await new catalysts.
IEA: Global Coal Demand Peaks and is Set to Gradually Decline
IEA reports global coal demand peaks, set to decline post-2026, driven by renewables; China's role crucial amid economic pressures.
China Achieves Annual Employment Target Early with 12.1 Million Urban Jobs Added
China has reached its annual urban employment goal ahead of schedule, adding 12.1 million jobs, while the unemployment rate stands at 5.2%.
Former Google CEO's Data Center Company Forms Strategic Partnership in Texas
Bolt Data & Energy, co-founded by ex-Google CEO Eric Schmidt, partners with Texas Pacific Land to build AI-focused data centers.
Warner Bros. Rejects Paramount Offer, Sticks with Netflix Deal
Warner Bros. rejects Paramount's acquisition offer, citing risks, and reaffirms commitment to Netflix deal for better value and stability.
Abu Dhabi Stock Exchange Closes Slightly Lower with ADNOC Gas Leading Activity
Abu Dhabi Stock Exchange closed down 0.27% at 9,953.10, led by ADNOC Gas amid declines in Aldar and ADNOC Drilling.
Cocoa Prices Continue to Rise Amid Lower Surplus Projections and Indicator Demand
Cocoa prices rise 1.1% amid lower surplus forecasts and strong demand, driven by reduced stocks and potential index-related investments.
Silver Hits New All-Time High Amid Strong Industrial Demand
Silver prices hit a record $66/oz amid strong industrial demand and mixed U.S. labor data, with a cautious Fed outlook.
Aramco Drops to 23.58 SAR and PetroRabigh Faces Pressure at 6.88 SAR Amid Mixed Performance in Saudi Energy Stocks
Aramco and PetroRabigh faced selling pressure in the Saudi stock market, while drilling and energy service stocks saw gains.
Volkswagen Pressures Battery Unit 'PowerCo' After Spending Cuts and Seeks External Financing
Volkswagen reduces investments in PowerCo and searches for external financing amid financial pressure and slowing demand for electric vehicles.
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