Saudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio
Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments.
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The primary goal of every business is to make a profit. Making profit involves various economic and commercial activities such as operations, investments, financing, etc.
For the most part, a business starts with a business idea (the thought) and a name. Subject to the idea of the business, broad statistical surveying might be important to decide if transforming the thought into a business is plausible, and if the business can convey an incentive to customers. The business name can be one of the most significant resources of a firm; cautious thought should, in this manner, be given while picking a business name. Organizations working under invented names are usually enlisted with the regulatory bodies. The ownership of a business can either be in a sole proprietorship or a form of partnership among shareholders, although most of the top firms in the world today are jointly owned.
Most organizations are usually based on the structure of a strategy for continuous growth and expansion, which is a conventional record itemizing a business’ objectives and targets, and its systems of how it will accomplish the objectives and destinations. Marketable strategies are practically fundamental when getting capital to start business activities.
It is equally essential to decide on the legal framework of a business. Based on the nature of a business, there might be need to obtain suitable grants, stick to staffing prerequisites, and get licenses to lawfully work. In numerous nations, business firms are viewed as a juridical entity, this implies that they can possess property, procure debt, and be charged in the court of law.
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Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments.
                
It is not clear what can be considered ‘unfairly treated.’ Besides, it is yet to be explained how to ask for assistance.
                
Nikola’s second-quarter results not only revealed insights into its financial situation but also demonstrated the company’s aggressive measures to strengthen its financial base.
                
Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company.
                
One of the standout aspects of Block’s financial report is its strategic approach to Bitcoin investments.
                
From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies.
                
Securing this license would mean that TikTok would be directly competing with big e-commerce companies like Shopee and Lazada in Southeast Asia.
                
Amid muted global macroeconomic growth and mounting pressure from higher interest rates, Maersk revised its profit forecast for the whole year.
                
Elon Musk aims to make the X platform “the biggest financial institution in the world”. Therefore, his focus now is on integrating financial services inside the X app.
                
The Etsy team has already started leveraging the power of AI and implementing the technology across various customer interactions, including tools for sellers and shopping recommendations.
                
Although there’s no official word on the cost of acquisition, reports suggest that Tesla must have paid anywhere between $50 million to $100 million.
                
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries.
                
Additionally, Airbnb is looking to leverage the power of OpenAI’s GPT-4 large language model to enhance its customer service department.
                
Coinbase told shareholders that it is working towards improving its adjusted EBITDA in absolute dollar terms versus full-year 2022 as it navigates the uncertainty of regulatory scrutiny.
                
For its fiscal Q3 2023, Apple reported reduced revenue from iPhone, Mac, and iPad sales, while revenue from Other Products rose 2%.