U.S. stocks retreated on Thursday, as the Nasdaq Composite tumbled over 2% and the Dow Jones Industrial Average dropped 0.9%. Investors reacted to underwhelming AI spending outlooks from Alphabet and Tesla, while rising Middle East tensions pushed Brent crude oil futures above the $100 threshold. Alphabet and Tesla Lead Big Tech Sell-Off The decline was … Read more
Gold prices in Egypt saw fluctuations on Thursday, July 23, 2026, with local markets diverging from global trends. While international spot prices retreated, domestic gold rates—including 21-karat gold at 5,965 EGP—remained elevated as investors sought a safe haven amid ongoing geopolitical tensions in the Middle East. Domestic Gold Price Divergence in Egypt Domestic Gold Price … Read more
BitMEX, a pioneer in the cryptocurrency derivatives market, has announced it will cease all trading operations on September 23, 2026, at 04:00 UTC. The decision was confirmed by HDR Global Trading Limited, the Seychelles-registered owner and operator of the exchange, following a "strategic review of the business and the broader crypto industry," according to MSN. … Read more
The market value of SpaceX has been subject to significant fluctuations, reflecting the broader volatility of financial assets in the current economic climate. According to Aljazeera, the valuation of Elon Musk’s holdings, including SpaceX and Tesla, experienced dramatic swings during late June. On June 24, Musk’s net worth saw a decline of approximately $118 billion, … Read more
The European Central Bank held its key interest rates steady on July 23, 2026, maintaining the deposit facility rate at 2.25%. Following a surprise hike in June, policymakers opted for a data-dependent pause as they monitor the inflationary impact of escalating geopolitical tensions and energy price volatility in the Middle East. Policy Shift: The Decision … Read more
Mediacorp’s share of radio listening in Singapore hit a 14-year high of 86 per cent, according to the latest Nielsen Radio Survey. The broadcaster is home to eight of the top 10 stations, reaching almost 4 million listeners weekly across diverse age and language demographics. The broadcaster’s dominance spans English, Chinese, Malay, and Indian listener … Read more
Global oil prices climbed sharply on Thursday, with Brent crude futures nearing the $100-per-barrel threshold as renewed tanker attacks and escalating military tensions in the Middle East intensified concerns regarding global energy supplies. According to CNBC, Brent crude futures for July delivery gained 4.6% to reach $98.44 per barrel, marking their highest level since late … Read more
Federal Communications Commission (FCC) to halt applications for millions of proposed orbital data centers. Critics argue these satellite constellations threaten the ozone layer, degrade the night sky, and could cause catastrophic interference with astronomical research. Coalition Petitions FCC Over Environmental Risks A group of organizations, including Earthjustice, Public Employees for Environmental Responsibility (Peer), and DarkSky … Read more
Pepkor Holdings is merging its fintech subsidiary, Flash, with payment platform Shop2Shop to create a new entity valued at R21.3 billion. The transaction, announced in July 2026, aims to dominate South Africa’s informal retail sector, with Pepkor taking a 57.1% controlling stake and planning a future JSE listing. In a move that signals a major … Read more
DeepSeek founder Liang Wenfeng confirmed his company will keep its AI models open-source, asserting that the strategy does not hinder a target of six-fold profit. While his net worth has surged to $36 billion following a $7.4 billion funding round, Liang maintains that true “100-fold” profiteering is incompatible with his open-source model. In a recent … Read more