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Oracle Projects $104 Billion in Annual Revenue by Fiscal 2029 Amid Cloud Expansion

Oracle Corp. has forecasted that its annual revenue will reach at least $104 billion by fiscal 2029, signaling strong growth prospects for its cloud infrastructure business. The company revealed this optimistic projection during its annual briefing for financial analysts on Thursday. Additionally, Oracle raised its sales outlook for fiscal 2026

Donald Trump to Promote Sons' Crypto Business, Aims to Transform US into 'Crypto Capital'

Former President Donald Trump is set to make a notable announcement next Monday about the burgeoning field of cryptocurrency, alongside the launch of a new crypto platform, World Liberty Financial, spearheaded by his sons, Donald Jr. and Eric. This speech will take place just 50 days before the 2024 presidential

Bicara Leads Trio of US Biotech IPOs, Raising $703 Million Amid Sector Revival

On Thursday, the biotech sector saw a significant boost as three companies went public, collectively raising $703 million in initial public offerings (IPOs). This move comes as a positive sign for a sector that has recently faced challenges with new market entrants. Bicara Therapeutics Inc. led the charge with a

Amazon Invests $10.45 Billion in UK Cloud Expansion, Boosting Economy and Jobs

Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc., announced plans to invest £8 billion ($10.45 billion) in the UK over the next five years. This substantial investment will fund the construction, operation, and maintenance of data centers across the country. The project is expected to

eToro to Cease Most Crypto Trading in $1.5M Settlement with SEC

Retail trading platform eToro has agreed to halt nearly all cryptocurrency trading for its U.S. customers as part of a settlement with the U.S. Securities and Exchange Commission (SEC). The settlement also includes a $1.5 million penalty, marking a significant shift in the platform’s operations and

Blue Owl Capital Raises $1 Billion in Bond Market Surge

Blue Owl Capital has tapped into the US high-grade bond market with a substantial $1 billion debt issuance, as new bond offerings continue to surge. The private markets-focused alternative asset manager priced a long five-year note, yielding 2.6 percentage points over Treasuries, slightly lower than the initial pricing talk

Chemco and Bhageria Industries Invest $16.65 Million in Bahrain’s Manufacturing Sector

Chemco and Bhageria Industries are making a significant expansion into Bahrain with a combined investment of $16.65 million, alongside contributions from an undisclosed ICT firm. The announcement was made by H.E. Noor Bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, during her visit