Market News

BYD’s Revolutionary SUV: Luxury Meets Uniqueness at the Geneva Car Show

China’s BYD took the automotive world at Tuesday’s Geneva car show by revealing its Yangwang U8, a luxury plug-in hybrid SUV with a unique twist: it can float. This innovation is not just a novelty; it’s a safety feature designed for water emergencies. Not Just Any SUV The Yangwang U8 isn’t your average vehicle. Weighing …

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OpenAI Clarifies Its “Open” Approach in Response to Elon Musk Lawsuit

In a recent turn of events, OpenAI has come forward to address a lawsuit filed by co-founder Elon Musk, aiming to clarify misconceptions about its commitment to openness and its operational ethos. This move comes after Musk took legal action against the organization, accusing it of straying from its foundational principles. A Brief Overview of …

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Brookfield’s ATC India Buyout Strengthens Position Against Indus Towers

Brookfield’s Strategic Acquisition of ATC India Kolkata – In a significant move in the Indian telecom tower market, Canada’s Brookfield has strengthened its position with the recent $2.5-billion acquisition of American Tower Corp’s (ATC) India unit. This strategic acquisition is expected to intensify the competition with Indus Towers and bring forth a wave of innovation …

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Rio Tinto Spearheads Australia’s Largest Solar Initiative for Aluminium Operations

Commitment to Renewable Energy MELBOURNE, Australia – Rio Tinto announces its groundbreaking decision to spearhead Australia’s largest solar power project, the Upper Calliope Solar Farm near Gladstone. This initiative, involving a 25-year power purchase agreement with European Energy Australia, signifies a major shift towards using renewable energy for Rio Tinto’s operations in Gladstone. Project Overview …

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Lawsuit Targets Visa Over ‘Vanilla’ Gift Card Scam Vulnerability

In a proposed class action lawsuit filed on Tuesday, consumers are taking on Visa (V.N.) for reportedly failing to secure its prepaid “Vanilla” gift cards, making them susceptible to theft.  Ira Schuman, leading the legal charge in the federal court of White Plains, New York, claims that the non-reloadable debit cards, widely sold at CVS, …

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Jefferies Raises SEMrush Rating, Sets Price Target at $15

On Wednesday, investment firm Jefferies announced a notable upgrade for SEMrush Holdings, Inc. (NYSE: SEMR), a leading provider of SEO, competitor intelligence, and digital marketing platforms. The company’s rating was elevated from Hold to Buy, accompanied by a significant increase in the price target, now set at $15.00, up from the previous target of $9.00. …

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Sultan Ibrahim Crowned Malaysia’s New Monarch: A New Era Begins

JDT/Kuala Lumpur: A Historic Transition In a significant moment for Malaysia, Sultan Ibrahim Sultan Iskandar ascended to the throne as the country’s 17th monarch on Wednesday, January 31st.  This incident marks a notable transition, with Sultan Ibrahim taking on the role over three decades after his father’s tenure amidst grand celebrations and public enthusiasm in …

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What is Bitcoin ETFs?

Disclaimer: This article is only for knowledge purposes as to what bitcoin ETFs is and we at Musaffa are not promoting the buying and selling of Bitcoin ETFs. Due to difference of opinions on Shariah compliance of cryptocurrencies, we recommend you to do your own research and for more information please refer to the article …

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Sam Altman: Human-Level AI’s Impact Less Than Expected

OpenAI CEO Sam Altman has downplayed fears that the advent of advanced artificial intelligence, specifically artificial general intelligence (AGI), will dramatically transform the world and job market. AGI: Not as Disruptive as Predicted Speaking at a Bloomberg-organized event at the World Economic Forum, Altman emphasized that the impact of AGI on society and employment will …

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