SoftBank Profit More Than Triples on OpenAI Stake Gains
Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion)…
Tag: FINANCE
Norway Breaks European Silence by Swiftly Raising Rates
Norway’s central bank became one of the first to raise interest rates as a result of the Middle East conflict,…
Indonesia Central Bank Has Sufficient Foreign Reserves to Stabilize Rupiah
Indonesia’s central bank has sufficient foreign exchange reserves to make the strong market interventions required to stabilize the rupiah, Governor…
Saudi Arabia’s Money Supply Breaks $882 Billion Barrier for 1st Time in History
Saudi Arabia’s money supply surpassed the $882 billion mark for the first time in its history at the end of…
Saudi Central Bank Governor National Model Shielded Economy from Shocks
Saudi Arabia’s economy has emerged as a model of resilience and crisis readiness, Central Bank Governor Ayman Alsayari said, citing…
UAE Central Bank to develop e-KYC platform
The platform enables secure data sharing strictly based on explicit customer consent. The new process introduces a unified national approach…
US, UK regulators meet banks on Anthropic AI cyber risks to financial systems
US and UK regulators are holding discussions with major banks about cyber security risks linked to Anthropic PBC’s latest AI…
Jordan Kuwait Bank unify digital channels with ‘next-gen’ platform
Jordan Kuwait Bank has announced plans to unify its digital channels within an “advanced next-generation platform” as part of the…
Gold and silver prices plunge after Friday’s losses
Gold and silver prices have continued to fall after a dramatic reversal of a rally that had pushed precious metals…
Why an India court ruling on a 2018 deal is rattling foreign investors
Foreign investors and private equity firms operating in India are making anxious calls to advisers and lawyers after a Supreme…