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Technology
Troubled times await major tech companies as a result of global turmoil
“Apple” warns of losses of up to 8 billion dollars
Economy
The US economy is contracting for the 1st time since COVID
The drop in production paints a misleading picture of the economy
Banking & Finance
Microsoft’s quarterly revenue growth rises to $17 billion
Earnings were driven by demand for cloud-computing services.
Energy
OPEC+ likely to raise June output
Oil output increase by 432,000 bpd
Technology
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
Technology
Meta stuns Wall Street with higher-than-expected profits
Facebook's user base is growing at an all-time high
Technology
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
Banking & Finance
Musk buys Twitter at a 38% premium
Twitter has over 217 million daily users
Markets
Global Financial Markets in Brief Week of April 18
Investors are concerned about the possibility of US policy tightening
Economy
Macron victory did not boost the Euro, European stocks open lower
Investors' concerns about global growth
Technology
Elon Musk in advanced talks to buy Twitter
This comes days after he unveiled his $46.5 billion bid for the social-media company
Technology
Tech giants face billions in fines if they violate European Digital Content Law
Failure to comply could cost 6% of companies’ annual global sales
Economy
Deloitte: 19.7% of board seats held by women
"Important progress in the UAE and Saudi Arabia from countries in the Middle East"
Economy
The World Bank is seeking a new crisis response plan
An emergency fund of $170 billion
Technology
Netflix suffers first subscriber loss in a decade
It anticipates a global loss of two million paid memberships in the Q2 of 2022.
Economy
IMF: Debt burden could hold growth back in developed countries
Temporary higher taxes on excess profits could be envisaged.
Economy
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
Technology
The “Poison Pill” defense blocks Elon Musk from taking over Twitter
The plan prevents Elon Musk from buying a majority of Twitter shares
Economy
IMF will cut its global growth estimates
The financial institution downgraded its growth outlooks for 143 economies
Banking & Finance
Kuwait Fund reacts to Sri Lanka defaulting on $51 billion
This comes ahead of negotiations for an IMF bailout
Health
Reducing Corona procedures globally… Is the epidemic really over?
Three factors determine actual impact of any new Corona variable
Banking & Finance
Alwaleed bin Talal disapproves with Elon Musk’s offer to buy Twitter
"The offer is not close to the real price of Twitter"
Economy
Crisis in Ukraine could slash global trade growth by half in 2022
The crisis will reduce global GDP growth to 2.8 percent
Energy
OPEC cuts 2022 world oil demand forecast due to Ukraine war
Down 480,000 bpd from its previous forecast
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