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17/07/2025
According to the Emirates News Agency, the UAE has initiated the overall budget cycle for the years 2027 to 2029.
Latest
11 m ago
AI cloud service provider CoreWeave will establish an AI data center in Lancaster, Pennsylvania, in the United States. The company plans to invest up to $6 billion for this project. The company expects the initial capacity to be 100 megawatts, with the possibility of expanding to 300 megawatts in the future.
15 m ago
CrowdStrike strengthens cooperation with AWS, a subsidiary of Amazon, around the application of artificial intelligence technology.
16 m ago
General Motors and Redwood Materials Inc. have signed a memorandum of understanding regarding energy storage systems. Both parties will announce more details later in 2025.
22 m ago
Federal Reserve Beige Book: From late May to early July, economic activity increased slightly. Economic activity in five regions has increased slightly or moderately, while economic activity in five regions remained steady, with a slight decline in the remaining two regions. This is an improvement from the previous report, in which economic activity in at least half of the regions had slightly declined. Uncertainty remains high, leading businesses to continue to be cautious. Consumer spending outside of the automotive sector decreased, showing a slight weakening overall. After consumers rushed to buy cars earlier this year to avoid tariffs, average car sales have slightly declined. Tourism activities have been mixed, manufacturing activities have slightly decreased, and non-financial services activities have remained relatively unchanged on average, but vary by region. Most regions saw a slight increase in loan volumes. Construction activities have slowed down in some regions due to rising costs. Most regions saw stable or minimal changes in home sales, while non-residential real estate activities remained mostly stable. Agricultural activities remain weak. Energy sector activities have slightly declined, with mixed trends in transportation activities. The outlook is neutral to slightly pessimistic, as only two regions expect economic activity to increase, while others expect it to remain steady or slightly weaken.
22 m ago
General Motors: signed a non-binding memorandum of understanding with Redwood Materials.
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