How a South Korean Presidential Aide's Facebook Post Wiped Billions Off Global Semiconductor Stocks
Kim Yong-beom - chief of South Korea's Presidential Policy Office and the most influential economic voice in the Lee Jae-myung administration
US Stocks Close Lower as Inflation and Energy Concerns Pressure Technology Shares
The S&P 500 closed down 0.2%, while the Dow Jones Industrial Average hovered near flat territory. The Nasdaq Composite fell 0.7%, pressured by weaknes
US Electricity Prices Rise 61% Faster Than Inflation as AI and Data Center Demand Strain Power Grids
US electricity prices rose 6.1% in April, 61% faster than inflation, driven by AI data center demand straining power grids.
Warsh Wins Senate Approval for Federal Reserve Board as Markets Brace for Potential Leadership Shift
Kevin Warsh was confirmed to the Fed Board, signaling a possible leadership shift as markets brace for oil-driven inflation and political pressure.
Norway Raises 2026 Oil and Gas Revenue Forecast to $78.7 Billion as Iran War Drives Energy Prices Higher
Norway raised its 2026 oil/gas revenue forecast to $78.7B due to Iran war-driven price hikes, boosting its sovereign wealth fund.
DEWA Reports Record Quarterly Revenue and Profit as Clean Energy Output Reaches New High
DEWA posted record Q1 2026 profits, with clean energy at 18.5% of output, rising demand, and continued infrastructure expansion in Dubai.
Trump and Xi Set for High-Stakes Beijing Summit as Iran War and Global Trade Tensions Escalate
Trump and Xi to meet in Beijing to address Iran war, energy crisis, and trade tensions amid rising global market volatility.
Abu Dhabi Aviation Reports More Than AED 2 Billion in Q1 Revenue as MRO Operations Drive Resilient Growth
Abu Dhabi Aviation Q1 2026 revenue hit AED 2B, led by MRO at 88% of total; strong liquidity, stable growth, and focus on aviation tech expansion.
ADNOC Gas Reports $1.08 Billion Quarterly Profit and Approves $940 Million Dividend as Abu Dhabi Expands Gas Infrastructure
ADNOC Gas posted $1.08B Q1 2026 profit, approved $940M dividend, and boosted investment in Abu Dhabi's expanding gas infrastructure.
Talabat Tops $1 Billion in Quarterly Revenue as GCC Digital Consumption Continues Expanding
Talabat hit $1B in Q1 2026 revenue, up 25.7%, driven by GCC digital growth, but profits fell due to higher costs and platform expansion.
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