Worldwide

Troubled times await major tech companies as a result of global turmoil

“Apple” warns of losses of up to 8 billion dollars  

The US economy is contracting for the 1st time since COVID

The drop in production paints a misleading picture of the economy  

Microsoft’s quarterly revenue growth rises to $17 billion

Earnings were driven by demand for cloud-computing services.

OPEC+ likely to raise June output

Oil output increase by 432,000 bpd

Databases exposed to the open web reaches an all-time high

111 databases were exposed to the open web in the UAE, 372 in Saudi

Meta stuns Wall Street with higher-than-expected profits

Facebook's user base is growing at an all-time high

Twitter: Musk will have to pay 1 billion $ if he cancels the purchase agreement

The deal could be canceled if it is not closed by October 24

Musk buys Twitter at a 38% premium

Twitter has over 217 million daily users

Global Financial Markets in Brief Week of April 18

Investors are concerned about the possibility of US policy tightening

Elon Musk in advanced talks to buy Twitter

This comes days after he unveiled his $46.5 billion bid for the social-media company

Tech giants face billions in fines if they violate European Digital Content Law

Failure to comply could cost 6% of companies’ annual global sales

Deloitte: 19.7% of board seats held by women

"Important progress in the UAE and Saudi Arabia from countries in the Middle East"

Netflix suffers first subscriber loss in a decade

It anticipates a global loss of two million paid memberships in the Q2 of 2022.

IMF: Debt burden could hold growth back in developed countries

Temporary higher taxes on excess profits could be envisaged.

France’s elections: Will the economy re-elect Macron and drop Le Pen’s bid?

S&P's: Le Pen's presidency threatens prospects for French banks

The “Poison Pill” defense blocks Elon Musk from taking over Twitter

The plan prevents Elon Musk from buying a majority of Twitter shares

IMF will cut its global growth estimates

The financial institution downgraded its growth outlooks for 143 economies

Kuwait Fund reacts to Sri Lanka defaulting on $51 billion

This comes ahead of negotiations for an IMF bailout

Reducing Corona procedures globally… Is the epidemic really over?

Three factors determine actual impact of any new Corona variable

Crisis in Ukraine could slash global trade growth by half in 2022

The crisis will reduce global GDP growth to 2.8 percent