Business News from WN Network

Oil prices jump on escalating tensions in the Middle East 2024-04-19
CNN

Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading hours....

photo: Creative Commons

Tesla asks shareholders to restore Elon Musk’s $56bn pay deal 2024-04-18
Al Jazeera

Tesla has asked shareholders to reapprove a record-breaking $56bn pay package for CEO Elon Musk after a US judge rejected the deal. In a filing with the Securities and Exchange Commission on Wednesday, Tesla Chair Robyn Denholm said the board of directors supported the original pay deal and believed...

photo: Creative Commons

Gold sparkles amid geopolitical tension 2024-04-18
Business Day

Bengaluru — Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion’s safe-haven appeal, overshadowing pressures from higher-for-longer US interest rates. Spot gold was up 0.6% at $2,374.97/oz by 4.29am GMT, after hitting a record high...

photo: Creative Commons / Marco Verch

Tesla is stuck in the mud 2024-04-17
Business Insider

Tesla is facing a new phase of growth, CEO Elon Musk says. A robotaxi is part of his solution. Steve Granitz/FilmMagic; Scott Olson/Getty Images; Adobe Stock; Chelsea Jia Feng/BITesla is having a rough start to the year. The EV maker reported disappointing deliveries for Q1, before announcing...

photo: AP / Noah Berger

IMF warns tensions in Middle East could cause sharp increase in oil prices 2024-04-17
Offshore Technology

The International Monetary Fund (IMF) has warned the escalating tensions in the Middle East could lead to an increase in oil prices and inflation. The IMF has warned that the Middle East tensions could lead to higher oil prices, an increase in inflation, and significantly impact on financial...

photo: AP / Hussein Malla

Digital twin market to surpass $150bn by 2030, impacting many industries 2024-04-17
Offshore Technology

GlobalData’s Digital Twins report examines growth and users across many industries including power, healthcare and sport. The digital twin market will be worth $154bn by 2030 having expanded at a compound annual growth rate of 35.6% since 2019, according to a new report. The 2024 edition of...

photo: AI

Tesla laying off more than 10% of staff globally as sales fall 2024-04-16
Philenews

Tesla TSLA.O is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). “About every five years, we need to reorganize and streamline the company for the...

photo: AP / Frank Franklin II

Gold cost up 15 per cent in last 3 months: How long should buyers wait? 2024-04-16
Gulf News

Dubai: Were you hoping to buy gold jewellery soon but find prices way out of your reach? UAE experts say such buyer-averse conditions are likely to persist with gold prices widely expected to persistently mark a new record high in the weeks to come. So, hold off on buying gold for now! Gold has...

photo: Creative Commons

Insomnia Market Expected to Reach USD 7.0 Billion by 2032 | Marketresearch.biz 2024-04-15
Pharmiweb

Marketresearch.biz reports that the Insomnia Market size is expected to be worth around USD 7.0 Bn by 2032 from USD 5.0 Bn in 2022, growing at a CAGR of 3.5% during the forecast period from 2023 to 2032. Overview of the Insomnia Market Insomnia Market encompasses treatments and therapies targeting...

photo: Creative Commons

UN Chief Cuterres: Middle East, World can’t afford more war 2024-04-15
Khaama Press

António Guterres, the Secretary-General of the United Nations, urged self-restraint from both Iran and Israel during an emergency session of the Security Council, warning of the real danger of a devastating full-scale war in the Middle East. The UN Security Council convened on Sunday at the request...

photo: UN / Eskinder Debebe