As 2024 progresses, companies must strategically allocate their IT budgets to balance emerging technologies with essential infrastructure. While artificial intelligence (AI) continues to attract significant investment, it is crucial for…
Delivery Hero, the European food delivery giant, saw its shares surge by nearly 10% on Thursday following the announcement of its plan to spin off its Middle Eastern subsidiary, Talabat,…
Euro zone inflation fell to a three-year low of 2.2% in August, according to flash figures released by Eurostat on Friday. This decline from July's 2.6% rate aligns with economists'…
China's leading oil companies, Cnooc Ltd., Sinopec, and PetroChina Co., have reported robust profits from exploration activities, reflecting the nation’s focus on energy security. However, their refining operations paint a…
Atlantic Canada's largest newspaper chain has officially been acquired by Toronto-based Postmedia Network Inc. for $1 million, following approval from a Nova Scotia Supreme Court judge on August 8. The…
Perpetual (ASX: PPT) is set to take a significant $547 million hit to its bottom line, following substantial net outflows from two offshore subsidiaries acquired through its $2.5 billion takeover…
The U.S. construction boom is reshaping the rental market, leading to lower rents and additional benefits for tenants. Record levels of construction activity, particularly in the multifamily sector, have significantly…
Mortgage rates declined for the third consecutive week, but the surge in refinancing applications appears to have moderated. According to the Mortgage Bankers Association (MBA), applications to refinance home loans…
Exxon Mobil reported its second-highest earnings for the second quarter in the past decade on Friday, bolstered by record production levels in Guyana and the Permian Basin. The company’s shares…
Claudia Sahm, Chief Economist at New Century Advisors, stated that there is no immediate need for the U.S. Federal Reserve to implement an emergency rate cut despite recent weaker-than-expected economic…
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