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The euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the second session against the dollar, and about to touch four-month highs after marking the best weekly performance in 16 years.    Following the European Central Bank’s latest policy meeting, the odds of a rate cut in April declined as traders now await more data and clues.   The Price   The EUR/USD pair rose 0.4% today to $1.0871, with a session-low at $1.0827.   The euro rose 0.45% on Friday against the dollar, marking the fourth profit in five days, and hitting…

President Donald Trump and other senior White House officials have spent the past several days bracing Americans for a potential economic slowdown that they say will then lead to stronger growth ahead.With fears brewing over the potential tariff impact, the labor market slowing and indicators pointed toward a possible negative growth in the first quarter, the president and his top lieutenants are projecting a mostly optimistic outlook tempered with warnings about near-term churning.”There is a period of transition, because what we’re doing is very big,” Trump said Sunday on the Fox News show “Sunday Morning Futures.” “We’re bringing wealth back…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Wall Street had another ugly open as investors remained concerned about President Donald Trump’s tariffs and economic uncertainty more broadly. The tech-heavy Nasdaq is down over 3.5%, while the S & P 500 is lower by almost 2%. The 30-stock Dow is the relative outperformer, down about 300 points, or 0.75%. Jim Cramer summarized our approach to the weak market like this: “We have to be targeted. We have to buy the stocks that…

Remittance inflow since Jan 2024 Figures in USD Billion The inflow of overseas workers’ remittances into Pakistan stood at $3.1 billion in February 2025, 3.8% up than $3 billion in January 2025, the State Bank of Pakistan (SBP) data showed on Monday. Remittances increased by 38.6% year over year, compared to $2.25 billion recorded in the same month last year. Cumulatively, with an inflow of $24.0 billion, workers’ remittances increased by 32.5% during Jul-Feb, FY25 compared to $18.1 billion received during Jul-Feb, FY24. Home remittances play a significant role in supporting the country’s external account, stimulating Pakistan’s economic activity as…

Since late February, the employees of DJI – China’s premier drone maker – have conducted an unusual nightly ritual.At precisely 9pm, human resource managers fan out across its Shenzhen headquarters, herding workers from their cubicles as if leading a fire drill. Stragglers are quickly prodded from their desks in service of a new rule; employees must clock out by nine.The scene just minutes later – vacant parking garages, a silent campus – was previously unheard of at the tech company, long known for keeping the lights on well past midnight.The move, which followed recent vows from the government to crack…

Eid Al Fitr this year is expected to take place either on Sunday, March 30, or Monday, March 31, depending on the sighting of the moonWith the Eid Al Fitr 2025 holiday just around the corner, UAE residents are eagerly packing their bags and preparing for exciting getaways to celebrate with family and friends. This holiday is a special occasion for all Muslims and is a time for celebrating with loved ones. It marks the end of the month of Ramadan, a period of month-long fasting for Muslims around the world, and the start of Shawwal, the tenth month in…

Beyond Meat got off to a sizzling start when it made its IPO debut in 2019. As the company and others in the plant-based meat industry developed better-tasting products, sales boomed and stock prices soared. Growing partnerships with restaurants and retailers generated greater acceptance among consumers.”Everybody wanted a piece of them. Everybody wanted to tell their story,” said Alexia Howard, senior research analyst for U.S. food at Bernstein. “And that encouraged people to trial the products.”Beyond Meat’s successful IPO aligned with the broader excitement around meat substitutes. Sales for the overall market reached $1.3 billion in 2020, a 46% increase…

Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, Feb. 18, 2025. Carmen Jaspersen | ReutersAutomakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S. President Donald Trump’s newly rolled out 25% tariffs, while BMW says it will face levies, as European car manufacturers grapple with new trade rules.The newly returned White House leader has long been threatening to slap tariffs on major U.S. trading partners, including Canada, Mexico and the EU. Last week, new duties on goods from Mexico, Canada and China came into…

This accomplishment is vital for the partnership’s goal of deploying $2.5 billion by 2028 Mubadala Investment Company and Alpha Dhabi Holding PJSC have announced that their joint venture, initiated in 2023, has achieved a remarkable milestone by establishing an approximate $1 billion portfolio in global credit opportunities. This accomplishment represents a crucial step toward the partnership’s ambition of deploying up to $2.5 billion by 2028, highlighting its robust momentum and progress.The joint venture, situated in Abu Dhabi Global Market, is predominantly owned by Mubadala, which holds an 80 percent stake, while Alpha Dhabi retains the remaining 20 percent. This partnership…

A global private equity (PE) revival is taking shape with a rebound in dealmaking gaining traction. But lingering headwinds from economic uncertainty, underscored by sluggish fund-raising, still cloud prospects for a full-blown PE recovery, a new report said on Monday.According to Bain & Company’s 16th annual Global PE Report, private equity investments as well as exits both bounced back last year in clear signs of renewed vigor for PE, reversing sharp declines in the two previous years that marked one of the industry’s most challenging periods since the global financial crisis.Read | M&A market set for a comeback in 2025…