Month : February 2025

Business

Nvidia stock rebounds as AI spending fears ease after DeepSeek buzz

omandailynews.com
Nvidia’s stock surged over 4% on Wednesday, rebounding from last week’s sell-off as concerns over China’s DeepSeek AI model failed to dampen Big Tech’s spending on artificial intelligence infrastructure. The stock’s rise follows Alphabet’s announcement of a planned $75 billion capital expenditure in 2025, well above Wall Street’s expectation of $57.9 billion. Investor fears had been triggered by......
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Moscow Strengthens Tourism Ties with the UAE Amid Surging Visitor Numbers

omandailynews.com
Newszy: Dubai, UAE – The Moscow City Tourism Committee embarked on a strategic roadshow in the Middle East, reinforcing its commitment to fostering long-term tourism partnerships. With the UAE emerging as a key market, the delegation is focused on accelerating visitor growth, deepening collaboration, and showcasing Moscow as a premier destination for......
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Trump targets EU, UK with tariffs but sees room for UK deal

omandailynews.com
U.S. President Donald Trump has signaled impending trade tariffs on the European Union and the United Kingdom while hinting that a trade deal with Britain remains a possibility. His remarks, made during an interview with the media on Sunday, underscored his administration’s growing frustration with what he described as unfair trade practices. Trump, who has already......
Business

U.S.-China trade tensions escalate as Beijing announces fresh tariffs

omandailynews.com
China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President Donald Trump. The new Chinese tariffs, set to take effect on February 10, include a 15% duty on certain types of coal and liquefied natural gas, as well as......
Business

Canada, Mexico retaliate against U.S. tariffs with countermeasures

omandailynews.com
U.S. stocks declined on Monday following President Donald Trump’s announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning after Trump stated that tariffs against Mexico would be delayed by one month. The Nasdaq Composite reduced its earlier drop to around 1%, while the S&P 500 fell 0.6%. The Dow Jones Industrial Average registered......
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Abu Dhabi Welcomes the Opening of a New Awani Restaurant Branch

omandailynews.com
– Heart Warming Middle Eastern Experience: Awani opens its first branch in Abu Dhabi, bringing a menu inspired by the rich culinary traditions of the Middle East, crafted with the finest ingredients. – A Celebration of Tradition and Innovation: The grand opening featured a live calligraphy artist creating personalized gifts, a live Kunafah......
Business

Trump’s 25% tariffs on Canada and Mexico set to raise U.S. prices

omandailynews.com
The Trump administration has reaffirmed its plan to impose 25% tariffs on all goods imported from Canada and Mexico, set to take effect on February 1. Economic experts warn that such tariffs could significantly increase consumer prices across various sectors, including fuel, groceries, and automobiles. Canada and Mexico are two of the United States’ largest......
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Bitcoin price jumps past $105,000 following Fed’s rate decision

omandailynews.com
Bitcoin surged past $105,000 following the Federal Reserve’s decision to maintain current interest rates, with Fed Chair Jerome Powell affirming that U.S. banks can serve cryptocurrency clients, provided they effectively manage associated risks. On Thursday, Bitcoin climbed 3%, trading just above $105,000 after dipping to $101,800 the previous day. This marks its highest level in three days. Powell stated......
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Elliott Management says Trump’s crypto policies threaten U.S. dollar

omandailynews.com
Hedge fund Elliott Management has issued a stark warning about the cryptocurrency market, describing it as a speculative bubble that is on the verge of an “inevitable collapse.” In an investor letter first reported by the leading media houses, the firm attributed the surge in crypto investments to its “perceived proximity to......