Browsing: Business

Former U.S. President Donald Trump has unveiled a groundbreaking private-sector initiative involving a $500 billion investment in artificial intelligence infrastructure. The announcement, made on Tuesday alongside key figures from OpenAI, Softbank, and Oracle, marks one of the largest technology ventures

The OPEC Fund for International Development (OPEC Fund) has announced its contribution of $30 million to co-finance Africa’s largest onshore wind power project. This initiative involves the construction of two wind farms, each with a capacity of 550 megawatts, combining

Federal Reserve officials expressed concerns during their December meeting over potential inflationary pressures stemming from policies proposed by President-elect Donald Trump, according to minutes released Wednesday. The officials signaled a cautious approach to interest rate adjustments in light of significant

Nvidia Corporation’s stock dipped 6.2% on January 7, 2025, closing at $140.14, following CEO Jensen Huang’s keynote address at the Consumer Electronics Show (CES) in Las Vegas. Despite the decline, analysts and industry experts remain confident in Nvidia’s long-term prospects,

U.S. Treasury yields edged higher early Wednesday as investors awaited key labor market data and the release of minutes from the Federal Reserve’s December meeting. Markets closely monitored these developments for signals about future monetary policy shifts. The yield on

Oil prices fell by approximately 1% on Monday during volatile trading, following weak economic data from the United States and Germany. The decline ended a five-day rally that had pushed prices to 12-week highs, driven earlier by a softer U.S.

U.S. stocks surged on Monday, rebounding from last week’s declines as gains in semiconductor stocks led the rally. The Dow Jones Industrial Average rose 351 points, or 0.8%, while the S&P 500 advanced nearly 1.3%. The Nasdaq Composite climbed 1.8%,

Microsoft has announced plans to invest $80 billion in AI-enabled data centers during its current fiscal year, which ends in June 2025. More than half of this investment is allocated to the United States, reinforcing the company’s focus on strengthening

The U.S. dollar index surged to its highest level in more than two years on Thursday, reflecting investor optimism about the U.S. economy and expectations surrounding the return of Donald Trump to the White House later this month. The index,

Egypt’s food industry exports surged to approximately $5.5 billion in the first 11 months of 2024, reflecting a 17% increase from the $4.7 billion recorded during the same period in 2023. This $813 million rise represents the highest export value