The US national stockpile will receive scandium oxide supplies from a Rio Tinto mining unit, following an agreement with the country’s Defense Logistics Agency (DLA). This five-year deal is valued at up to $40 million and aims to secure the critical material, according to a Reuters report.Scandium, a rare earth element,…
Gold prices scaled new highs on the first day of a new week on Monday as traders anticipated more rate cuts by the US Federal Reserve. Silver prices mimicked the rally in gold and climbed above the $44 per ounce level for the first time since 2011. The crude oil market was,…
Pfizer is making a bold move in the pharmaceutical world by closing in on a $7.3 billion deal to acquire Metsera, a biotech firm focused on next-generation anti-obesity drugs, news platform Financial Times reported on Monday.This acquisition underlines Pfizer’s fresh push into the booming weight-loss drug market, an area showing…
Rolls-Royce share price has been in a strong rally this year and is trading at a record high of 1,150. It is one of the top gainers in the FTSE 100 Index after soaring by almost 100% this year. So, can it jump to 1,250p as analysts at Goldman Sachs…
Indian IT stocks slumped on Monday after US President Donald Trump announced an overhaul of the H-1B visa programme, imposing a hefty $100,000 fee on new applications.The surprise move threatens to upend the long-standing outsourcing model that Indian IT majors rely on to serve their biggest market.Shares of Tata Consultancy…
The United States has confirmed that a new $100,000 fee for H-1B visas will apply only to new applications, not to existing holders or renewals. The clarification, announced by the White House after President Donald Trump imposed the charge from Sunday, has brought relief to India’s $283 billion IT sector.…
Abu Dhabi has opened its first Nvidia AI Technology Center in the Middle East, a joint initiative with the US chipmaker aimed at advancing robotics and artificial intelligence research. Announced by the Technology Innovation Institute (TII) on Monday, the centre combines Nvidia’s AI models and computing power with Abu Dhabi’s…
Europe’s markets opened weaker on Monday as investors balanced fresh corporate warnings with policy shocks from the United States. The pan-European Stoxx 600 index slipped 0.2% shortly after the opening bell, while FTSE 100 was flat with 0.07% gains. Autos led the declines, while traders also reacted to US President…
Shares of Adani Power Ltd surged 20% on Monday, September 22, after the stock began trading on an adjusted basis following its first-ever share split. The rally came as investor sentiment toward the Adani Group improved, with market regulator Sebi dismissing key allegations of stock manipulation brought by US-based short-seller…
Snap stock price rose by over 6% in the pre-market session as investors cheered the Snap OS 2.0 and its Spectacles, as it leans towards augmented reality (AR). It jumped to a high of $8.7, its highest level since August 5, and 25% above the lowest level this year.Why the…