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Economics

Tesla Board Approves New $30B Equity Deal For Elon Musk

Tesla Inc. has approved a massive stock compensation package for CEO Elon Musk, valued at approximately $30 billion, in a move aimed at securing...

Russian Firms Targeted As UAE Banks Enforce Tougher Controls

Banks across the United Arab Emirates have sharply increased scrutiny of Russian-linked businesses, resulting in restrictions or account closures for roughly 30% of those...
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$16.5B Tesla–Samsung Chip Deal Marks Major Boost For U.S. Tech

Tesla and Samsung Electronics have signed a landmark $16.5 billion agreement to produce Tesla’s next-generation AI6 semiconductor chips, cementing...

Brussels Hits Chinese Financial Institutions in New Russia Sanctions

The European Union has imposed sanctions on two Chinese banks for the first time, escalating pressure on foreign institutions...

Bitcoin Sets New Record Above $120K as Institutional Demand Grows

Bitcoin has reached a new historic milestone, briefly surpassing $122,500 on Monday, marking the first time the cryptocurrency has...

Nvidia Becomes Most Valuable Company Ever, Surpassing $4 Trillion Mark

Nvidia became the first publicly traded company in history to briefly surpass a $4 trillion market capitalization, overtaking previous...

Microsoft to Lay Off 9,000 Employees in Latest Wave of Workforce Optimization

Microsoft has announced plans to lay off approximately 9,000 employees as part of a new phase of organizational restructuring...

Trump Signs ‘Take‑it‑or‑Leave‑it’ Tariff Letters to 12 Countries

U.S. President Donald Trump announced on July 5 that he has signed tariff notification letters to 12 countries, outlining...