Despite recent reports suggesting a scaling back of plans for Saudi Arabia’s $1.5 trillion NEOM megaproject, the kingdom’s economy minister, Faisal Al Ibrahim, has vehemently denied any such claims. In an interview with CNBC’s Dan Murphy at the World Economic Forum‘s special meeting in Riyadh, Al Ibrahim emphasized that all projects are moving full steam
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McDonald’s is set to report earnings before the bell, with a call scheduled at 8:30 a.m. Last quarter, the company missed on revenue due to the conflict in the Middle East, putting pressure on its top line. For this quarter, the fast–food giant is expected to report single-digit earnings and revenue growth compared to the
In a recent announcement from Helsinki, Finland, it was revealed that THENA has launched a new upgrade to ALPHA, their intent-based decentralized derivatives exchange. This upgrade is powered by a combination of IntentX, Orbs, and SYMMIO, and is now live on the BNB Smart Chain. One of the major improvements introduced with this upgrade is
Honda Motor, along with unidentified joint venture partners, recently announced their plan to invest $11 billion in Ontario, Canada, to establish an “comprehensive EV value chain.” The investment will focus on setting up new assembly and battery plants, as well as other necessary facilities to support the production of all-electric and fuel cell-powered vehicles. The
Alphabet, the parent company of Google, is gearing up to release its earnings report after the closing bell on Thursday, making it one of many Big Tech companies reporting this week. Analysts are predicting that the company will post earnings of $1.51 per share on revenue of $78.59 billion for the first quarter. This would
The U.S. dollar experienced a slight decline on Thursday, stepping back from the five-month highs reached the previous week. At 04:10 ET (09:10 GMT), the Dollar Index, which monitors the greenback against a basket of other currencies, was down by 0.2% at 105.445. Despite climbing over 106 last week, the dollar’s momentum slowed down in
Walgreens recently made an announcement that it will be venturing into the world of cell and gene therapies in the United States. This move is part of the company’s strategy to expand its specialty pharmacy services. The company will be working directly with drugmakers to bring these innovative therapies to patients. The establishment of a
Despite recent safety issues plaguing the aviation industry, airline executives have noted that there is no slowdown in demand for flights. United Airlines, along with other major carriers, is expecting to see record numbers of travelers this summer. The Chief Commercial Officer of United Airlines, Andrew Nocella, reported that demand remains strong, with the airline
In a move that has the potential to shake up the legal landscape in the infrastructure industry, Norton Rose Fulbright has announced the addition of Patrick Harder to co-head the firm’s U.S. and North America infrastructure groups. This hiring comes after Harder’s impressive 20-year tenure at Nossaman LLP, where he made a name for himself
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