Global central banks to increase gold reserves

More central banks to increase gold reserves within 12 months, survey finds

Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

Apple OpenAI Chatgpt Siri

Apple unveils partnership with OpenAI at WWDC 2024

Apple said the new iOS 18, the software powering its flagship device, will make the iPhone home screen more customisable

UN CLIMATE CONFERENCE - BONN, GERMANY

Bonn Climate Conference 2024: Countries’ plans not yet aligned with tripling renewables capacity goal

The Bonn Climate Conference is discussing climate finance, renewable energy commitments as well as nationally determined contributions

Egypt sees progress on loan program

Egypt will have access to about $820m subject to IMF Board approval, fund says

The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks

Nvidia To Report Quarterly Earnings

Nvidia overtakes Apple as No 2 most valuable company in the world

Nvidia’s stock rose 5.2 per cent to end the day at $1,224.40, valuing the company at $3.012tn

Boeing Starliner

Boeing’s Starliner spacecraft sends first astronaut crew to orbit

Starliner, would compete head-to-head with the SpaceX capsule, which since 2020 has been NASA’s only vehicle for sending ISS crew members to orbit from US soil

Middle East: Assets under management surge 13%, rising to $2.3tn, according to A BCG study

Middle East: Assets under management surge 13%, rising to $2.3tn in 2023

According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn

narendra modi

FII’s sell record $1.5bn in Indian equities after mixed results for Narendra modi-led BJP in 2024 elections

The Bombay Stock Exchange, which crashed 3,000 points on June 4, erased its entire 2024 gains in a single day on the back of poll results

indigo

IndiGo eyes lesser-known international destinations for next growth phase

IndiGo, is pushing deeper into India, where it flies to 88 cities, and has doubled its global network to 33 destinations from 15 two years ago

ChatGPT

OpenAI launches ChatGPT Edu for universities, to be available in 50 languages

ChatGPT can help with various tasks across campus, such as providing personalised tutoring for students and reviewing their resumes, helping researchers write grant applications, and assisting faculty with grading

India

India elections 2024: Modi’s alliance to win big, exit polls project

Exit polls project BJP-led alliance to win 350+ of 543 seats in India’s general elections

Nvidia To Report Quarterly Earnings

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia became the fastest company to grow from $1tn to $2tn in 2024

Boeing 737 max- boeing

Boeing can’t boost 737 MAX production yet: US FAA

FAA Administrator Mike Whitaker said he did not expect Boeing to win approval to increase production of the MAX imminently

Donald Trump

Donald Trump found ‘guilty’ in hush money case: A timeline of the historic conviction

Donal Trump has become the first US President to be convicted of a crime and faces sentencing on July 11

EGYPT CHINA TALKS

Egypt, Bahrain, Tunisia leaders head to China

The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states

BYD CARS

BYD unveils new hybrid tech as battle with rivals heats up

BYD, which has been accelerating its international expansion, still trails multi-branded automakers such as Toyota, Volkswagen, General Motors and Stellantis, in sales

yacht - 5-Royal-Huisman-Project-406-SPECIAL-ONE-by-Guy-Fleury-1cp_resize

All about Special One: World’s longest sportfishing yacht and its Saudi connection

The superyacht has been described as a sportfisher on steroids with a long flaring bow of a typical American sportfish boat

Interview with Stuart Henwood, head of New Balance MENA and India

New Balance’s Stuart Henwood showcases the brand’s legacy, collabs and regional growth

The general manager of New Balance MENA and India shares the factors driving the activewear brand’s growth in the Middle East and its growing appeal among regional customers

Gold

Gold set for first weekly fall as US rate cut bets retreat

Traders’ bets signalled growing doubts that the Fed will cut rates more than once in 2024

nvidia-jensen-huang

Nvidia announces 10-for-1 stock split after post-earnings $200bn rally

Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year

DUBLIN, IRELAND - MAY 22: Three leaders of the coalition government - Irish Prime Minister (Taoiseach) Simon Harris (C), Irish Tanaiste Micheal Martin (R) and Irish Minister for Environment, Climate, Communications and Transport, Eamon Ryan (L) - hold a press conference at Government buildings in Dublin, Ireland on May 22, 2024. Ireland is to formally recognize the state of Palestine, Taoiseach Simon Harris has announced. (Photo by Mostafa Darwish/Anadolu via Getty Images)

Ireland, Norway and Spain recognise state of Palestine

The countries have argued that a two-state solution is essential for lasting peace in the region

Singapore Airlines Flight SQ321 at Bangkok Airport

Singapore Airlines horror as one dead, over 70 injured due to turbulence

Singapore Airlines did not immediately say what type of turbulence was involved

UAE's AI PUSH

UAE, US to seal more AI deals through strategic partnership: UAE AI minister Al Olama

The UAE, led by government-backed firm G42, is pushing to burnish its AI framework as it diversifies away from oil

Dell Xps14-x

Dell deepens AI push with new PCs

Dell’s AI-capable PCs will come with the Qualcomm Snapdragon X series chips

Air India-A350-VT-JRI

Air India launches A350 on Mumbai-Dubai route: Full details

The route will offer fliers the option to choose from three class cabins and will fly on 1 of 3 daily services

Oil August 1

Oil prices up after US economic data strengthens rate cut expectations

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Egypt-ras al-hekma-UN-HABITAT

Egypt receives second payment of $14bn from UAE

The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments

Gemini - Sundar Pichai, chief executive officer of Alphabet Inc., during the Google I/O Developers Conference in Mountain View, California, US, on Wednesday, May 10, 2023. Google introduced a new large language model, used for training artificial intelligence tools like chatbots, known as PaLM 2, and said it has already woven it into many of the internet search company’s marquee products. Photographer: David Paul Morris/Bloomberg

All that was announced at Google I/O 2024: Trillium chip, Imagen-3, Veo and more

Among Google’s latest salvos was an addition to its family of Gemini 1.5 AI models known as Flash, an upgrade to its image-to-text offering Imagen and an AI model that creates high definition videos

OpenAI Chat GPT-4o

GPT-4o: OpenAI unveils new AI model as race heats up

Paid users of GPT-4o will have greater capacity limits than the company’s free users