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Uzbekistan’s First Tech Unicorn, Uzum, Prepares for IPO in Hong Kong
If Uzum proceeds with its proposed financing round in Hong Kong, it will become the latest Central Asian company to...
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Banking
Fifth Third Bank To Acquire Comerica For $10.9 Billion As More US Regional Banks Seek M&As To Thrive
Most regional banks, including Comerica, are exploring opportunities to diversify their revenue streams, maintain a more robust balance...
Finance
OpenAI Transitions to For-Profit, Pushing Microsoft’s Valuation to $4 Trillion
Microsoft has a deal to access OpenAI technology until 2031. Microsoft has a 27% stake in OpenAI, estimated...
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Visa and Mastercard Reach Deal With Merchants, Could Potentially Lower Fees
Visa and Mastercard would reduce swipe rates by at least four basis points for three years and ensure an average...
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Pfizer Acquires Metsera for $10 Billion, Enters Obesity Drug Market
After receiving the offer, Pfizer enters the highly lucrative obesity drug market, although Metsera’s products are still years away from...
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China’s October Targets Dip As Exports Shrink 1.1% And Imports Expand At A Slower Pace Of 1%
China’s official purchasing managers' index (PMI) dropped to a six-month low of 49.0 in October from 49.8 in September. This...
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Abu Dhabi-Based Aquarian Capital to buy Brighthouse Financial for $4.1 Billion
Under the terms of the deal, Aquarian will pay $70 per share for Brighthouse, which is 37% higher than the...
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Qatar Airways Exits Cathay Pacific After 8 Years
Initially, Qatar Airways acquired a stake in Cathay Pacific in November 2017. With the acquisition, it became the third-largest shareholder,...
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Saudi Arabia’s SME Industry Gets a Global Limelight at Biban Forum 2025 in Riyadh
Employment within SMEs also surged, with more than 8.4 million Saudis and residents now working in the sector, highlighting the...
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