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10/02/2023

Billionaire Sawiris' $7.39 billion fortune grows with new ventures

https://newsotg.com/2023/02/10/europe/billionaire-sawiris-7-39-billion-fortune-grows-with-new-ventures/

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Nassef Sawiris, the most wealthy person in North Africa and the Arab world, is making news with his current business activities and the expansion of his already enormous fortune. Sawiris is the fifth-richest person in Africa with a net worth of $7.39 billion, and he isn't showing any signs of slowin...

06/01/2023

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21/12/2022

https://newsotg.com/2022/12/21/asia/indias-edtech-major-byjus-intends-to-dissolve-deal-with-bcci/

"On December 2, 2022, MPL Sports sent BCCI an email requesting a complete assignment (team + merchandising) at full value to Kewal Kiran Clothing Limited, a fashion wear company, for the time period of January 1, 2023, through December 31, 2023.

21/12/2022

https://newsotg.com/2022/12/21/cryptocurrency/core-scientific-files-for-bankruptcy-as-crypto-winter-bites/

The biggest blow occurred after significant cryptocurrency exchange FTX sought bankruptcy relief last month. According to the corporation, its assets and liabilities ranging from $1 billion to $10 billion, and its creditors range from 1,000 to 5,000. Other cryptocurrency miners' stock prices have fa...

21/12/2022

https://newsotg.com/2022/12/21/asia/hyundai-ioniq-5-ev-launched-in-india/

After the Kona, the Ioniq 5 is Hyundai's second electric vehicle. The 58kWh and 72.6kWh battery types of the international model have a driving range of 385 km and 480 km, respectively. There are 2WD and 4WD (four-wheel drive) versions of both battery models. It advertises a top speed of 185 kph and...

21/12/2022

https://newsotg.com/2022/12/21/europe/us-to-send-1-8-billion-in-aid-to-ukraine/

Due to the risk of an escalation, the US initially resisted giving the Patriots to Ukraine. It was questioned if US forces would have been needed to operate them and whether they would require extensive training.

21/12/2022

https://newsotg.com/2022/12/21/europe/britains-purplebricks-to-cut-more-than-10-of-jobs/

Online-only companies advertise homes for sale or rent, but they give owners more of the work to do.This year, Purplebricks had a number of significant management changes, including the October appointment of Dominique Highfield as its new chief financial officer (CFO).

21/12/2022

https://newsotg.com/2022/12/21/latest-news/musk-to-step-down-as-twitter-ceo-after-finding-a-replacement/

Musk acknowledged he had too much on his plate and declared he would look for a new CEO of Twitter. But he claimed on Sunday that there was no one in place to take his place and that "no one wants the position who can truly keep Twitter alive."

14/12/2022

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14/11/2022

https://newsotg.com/2022/11/14/latest-news/u-s-prosecutors-in-new-york-investigate-ftx-downfall/

Following a failed rescue arrangement with rival exchange Binance, FTX is currently under investigation by US regulators. Atleast $1 billion in client cash have gone from FTX this year, and cryptocurrency values have plummeted due to rising interest rates and increased fears of an economic crisis.

29/10/2022

https://newsotg.com/2022/10/29/latest-news/week-ahead-with-federal-reserves-interest-rate-decision/

The October PMI data will be the cynosure of all eyes in China for new indicators of how the world's second-largest economy began Q4. In other news, South Korea will release October PMIs, trade balances, and inflation figures.

29/10/2022

https://newsotg.com/2022/10/29/latest-news/maserati-granturismo-folgore-makes-its-premiere-with-a-750bhp-tri-motor-arrangement/

Maserati's Nettuno engine, a cutting-edge twin-turbocharged V6 with F1-inspired dual-combustion chambers, is housed beneath the hood. It replaces the previous technological mannequin, which was available from 2007 to 2019.

29/10/2022

https://newsotg.com/2022/10/29/latest-news/dogecoin-surges-on-elon-musks-twitter-deal/

Binance, which has invested $500 million in the Twitter purchase, says it is thinking about how blockchain and cryptocurrency may benefit the social media platform. Tesla CEO Elon Musk has had a significant impact on the pricing of dogecoin and bitcoin.

10/09/2022

https://newsotg.com/2022/09/10/europe/vinfast-delivers-first-electric-suvs-eyes-u-s-deliveries/

VinFast will begin delivering automobiles internationally in November.

08/09/2022

https://newsotg.com/2022/09/08/world-news/central-bank-of-chile-revises-up-inflation-projection-sees-rebound-in-2024/

The adjustment occurs at a time when job growth has stalled, real wages are still declining, and the remaining stimulus funds from 2021 have run out, it continued. The average copper price is predicted to be $4.00 per pound this year, down from the previously predicted $4.25.

08/09/2022

https://newsotg.com/2022/09/08/latest-news/amazon-removes-products-that-disable-car-seatbelt-alarms-from-its-indian-marketplace-listings/

The auto market in the world saw a resurgence of the conversation over traffic safety when local media revealed that Mistry wasn't using a seatbelt. In contrast to reports that metal clips from Amazon were used to circumvent the alert that usually continues to ping when seatbelts are not in use whil...

08/09/2022

https://newsotg.com/2022/09/08/latest-news/animoca-brands-raises-us110-million-in-funding-round/

Animoca Brands, a Blockchain developer and Singapore-based developer of blockchain games, announced on Thursday that it had raised $110 million from investors.In July, the blockchain game developer raised $75. 3 million following a fundraising drive that now values the firm at A$8. 2 billion ($5. 5....

08/09/2022

https://newsotg.com/2022/09/07/europe/cvs-agreed-to-purchase-signify-for-30-50-per-share-in-cash-and-about-400-million-in-equity-appreciation-rights/

The American Economic Liberties Project dubbed the agreement "dangerous" and urged officials to halt it. Balto contended that the CVS acquisition of Signify posed issues comparable to those made by UnitedHealth Group's $8 billion acquisition of Change Healthcare, which the government tried to prohib...

06/09/2022

https://newsotg.com/2022/09/05/world-news/gustavo-arnal-52-died-after-falling-from-the-jenga-tower-in-new-yorks-tribeca/

Gustavo Arnal, 52, died after falling from the "Jenga" tower in New York's Tribeca neighborhood on Friday afternoon. Police discovered the body of a 52-year-old man who had been injured in a fall near the building.

05/09/2022

https://newsotg.com/2022/09/05/europe/taiwans-prologium-shortlists-four-european-nations-for-a-8-billion-battery-facility/

Accuracy has been hired by ProLogium to select a location for the facility, which will have a capacity of 120-gigawatt hours (GWh) to supply electric cars (EVs) and employ thousands of people, according to the consulting firm.

05/09/2022

https://newsotg.com/2022/09/05/asia/amazon-exploring-entering-the-japanese-prescription-medicine-sales-sector/

According to Nikkei, Amazon aims to cooperate with small and mid-sized pharmacies for the service, which will launch next year when electronic prescriptions become legal in Japan for the first time.

05/09/2022

https://newsotg.com/2022/09/05/europe/euro-fell-below-99-cents-for-the-first-time-in-twenty-years-after-russias-gas-pipeline-to-europe-closed/

The euro fell below 99 cents for the first time in twenty years, and European gas prices rose after Russia announced that its main pipeline to Europe would remain closed. The announcement fueled worries of a European recession, with sky-high energy prices hurting firms and people.

05/09/2022

https://newsotg.com/2022/09/05/asia/hong-kongs-high-court-grants-china-evergrande-groups-request-to-postpone-lawsuit-against-it-until-november-7/

On Monday, Hong Kong's High Court granted China Evergrande Group's request to postpone a winding-up case against it until November 7. An investor filed the suit in June after the developer failed to honor a $110 million buyback deal.

05/09/2022

https://newsotg.com/2022/09/05/europe/ex-georgia-pm-ivanishvili-accuses-credit-suisse-unit-for-1-27-billion-loss-in-singapore-lawsuit/

Credit Suisse is reeling from billions of dollars in losses from failed investments in 2021, as well as the impact of multiple legal cases, including a Bermuda court case involving Ivanishvili that could cost up to $600 million.

05/09/2022

https://newsotg.com/2022/09/05/europe/eu-pushing-multibillion-euro-packages-to-keep-utilities-from-liquidity-crunch-crush/

Nord Stream 1, which runs beneath the Baltic Sea to Germany, has historically supplied roughly one-third of Russia's gas exports to Europe. The news sent European financial markets into a tailspin, with the euro falling to a 20-year low and stocks plummeting.

05/09/2022

https://newsotg.com/2022/09/05/europe/germany-europes-largest-economy-still-on-track-for-recession-despite-new-government-plan/

Germany, Europe's largest economy, is still on track for a recession, according to experts, despite a new government proposal to spend 65 billion euros ($64.49 billion) to protect energy users and companies from rising inflation.

05/09/2022

https://newsotg.com/2022/09/05/world-news/volkswagens-top-management-to-meet-later-on-monday-on-porsche-listing/

If investors place a value on Porsche AG at the top end of current estimations, which range from 60 to 85 billion euros. Volkswagen CFO and COO Arno Antlitz repeated the automaker's claim that a listing was critical to supporting its 52-billion-euro electrification shift.

05/09/2022

https://newsotg.com/2022/09/05/europe/boris-johnson-to-formally-step-down-on-tuesday-as-liz-truss-wins-vote-to-be-next-british-pm/

Truss faces a big, expensive, and tough to-do list, which opposition politicians blame on 12 years of bad administration. The average annual family power bill is predicted to soar by 80% in October to 3,549 pounds, before rising to 6,000 pounds in 2023.

05/09/2022

https://newsotg.com/2022/09/05/latest-news/egypts-non-oil-private-sector-activity-declined-for-the-21st-month-in-a-row-in-august/

Non-oil private sector activity in Egypt fell for the 21st month in a row in August, with firms seeing a grim year ahead due to fears about the currency, Ukraine, and import constraints, according to a poll released on Monday.

05/09/2022

https://newsotg.com/2022/09/05/europe/euro-sank-two-decade-low-after-russia-shut-down-key-gas-pipeline-to-europe/

The energy crisis complicates matters for the European Central Bank (ECB), which meets this week to decide how much to hike interest rates. On a basket of major currencies, the US dollar reached a new two-decade high of 110.090.

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