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Category: Business 9423

Fingerprints and Faces Instead of Stamps: EU Days Away from Activating New Entry/Exit System
Business
  • 1 mins read

Fingerprints and Faces Instead of Stamps: EU Days Away from Activating New Entry/Exit System

Europe is set to activate a new biometric Entry/Exit System starting October 12, 2024, replacing traditional passport stamps with fingerprint and facial recognition. The system aims to enhance security and streamline border crossings within the Schengen Area but may cause initial delays.

Japanese Stocks Close After Four Consecutive Sessions of Gains
Business
  • 1 mins read

Japanese Stocks Close After Four Consecutive Sessions of Gains

Japanese stocks closed on Wednesday after four consecutive sessions of gains despite profit-taking following record highs. The Nikkei index fell 0.45%, while the Topix index rose to its highest level ever.

X.AI Raises Funding to $20 Billion with Major Participation from Nvidia
Business
  • 1 mins read

X.AI Raises Funding to $20 Billion with Major Participation from Nvidia

X.AI, owned by Elon Musk, has raised its funding target to $20 billion, with Nvidia contributing $2 billion for an equity stake to supply chips for the Clausus2 data center in Memphis.

Gold Price Surpasses $4000 for the First Time
Business
  • 1 mins read

Gold Price Surpasses $4000 for the First Time

Gold prices surpassed $4000 per ounce for the first time, driven by increased demand for safe-haven assets amid economic and geopolitical uncertainties, alongside expectations of Federal Reserve interest rate cuts.

Gold Ounce: From $2000 to $4000 in 5 Years | Al Khaleej Newspaper
Business
  • 1 mins read

Gold Ounce: From $2000 to $4000 in 5 Years | Al Khaleej Newspaper

The price of a gold ounce exceeded $4000 for the first time ever, driven by increased demand for a safe haven amid economic and geopolitical uncertainty, with expectations of further U.S. interest rate cuts.

Dollar Rises Amid U.S. Government Shutdown
Business
  • 1 mins read

Dollar Rises Amid U.S. Government Shutdown

The dollar surged to its highest level in over two months during early Asian trading amid growing concerns over the U.S. government shutdown, prompting investors to seek safe-haven assets. The New Zealand and Australian dollars declined following the Reserve Bank of New Zealand's interest rate cut.

Gold Breaks Historic $4000 Barrier for the First Time
Business
  • 1 mins read

Gold Breaks Historic $4000 Barrier for the First Time

Gold surpassed the $4000 per ounce mark for the first time ever, driven by economic and geopolitical tensions and expectations of interest rate cuts by the Federal Reserve. Silver, platinum, and palladium also rose in global markets.

Safe Haven Shines: Gold Surpasses $4000 for the First Time
Business
  • 1 mins read

Safe Haven Shines: Gold Surpasses $4000 for the First Time

Gold surpassed $4000 per ounce for the first time, reaching an all-time high amid economic and geopolitical uncertainty and expectations of Federal Reserve interest rate cuts.

What Does Gold Breaking the $4000 Peak Mean? And How Does It Resemble 1970?
Business
  • 1 mins read

What Does Gold Breaking the $4000 Peak Mean? And How Does It Resemble 1970?

Gold reached a record high above $4000 per ounce driven by safe-haven demand amid economic and geopolitical uncertainty, with expectations of further interest rate cuts by the US Federal Reserve.

Oil Rises Midweek Amid Fading Oversupply Concerns
Business
  • 1 mins read

Oil Rises Midweek Amid Fading Oversupply Concerns

Oil prices rose Wednesday as oversupply fears faded following OPEC+ decision to limit production increase in November. Brent crude reached $65.85 and WTI $62.17 per barrel.

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