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The state of business in the last 24 hours of 2022 is our focus news for today. Any kind of business could be impactful or harmful to a country.
So we will look at the top five world business news and describe them shortly in this article. The five business News is given below:
1. Bitcoin tops $25,000 for the first time since June amid the crypto rally.
2. Report: Apple wants to triple its revenue from ads business, likely expanding Search Ads to Maps app
3.A Revolutionary New Climate-Controlled Facility Designed to Support a Ground-Breaking Vertical Farming Project was Officially Launched Today
4. Rakesh Jhunjhunwala’s portfolio: Titan Company zoomed 8,100% since big bull’s entry
5. T. Rowe Price Expands Institutional Business in Greater China
Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%
Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from cooler-than-expected US inflation data and progress toward Ethereum’s significant upgrade.
With US inflation data coming in below expectations in the past week, potentially paving the way for less-aggressive tightening action from the Fed,
risk assets like the Nasdaq 100 Index have advanced helping foster gains in crypto, which has been strongly correlated with the gauge of that stock for months.
There are more signs that Apple is aggressively expanding its ad business. In today’s edition of Mark Gurman’s Power On newsletter, Gurman says that
Apple VP of Advertising Platforms Todd Teresi aims to bring annual revenue into the ‘double digits’, up from about $4 billion annually. That means (at least) a tripling of its current ad business is in sight.
Gurman says that Apple has already tested adding sponsored results to search results in the Maps app, similar to the App Store Search Ads program. Ads could also possibly start appearing in the Apple Books and Apple Podcasts storefronts in future.
Apple ads revenue currently comes from a handful of sources; App Store Search Ads, ads in Apple News and Apple Stocks (the news sections), and a share of commercials during MLB Friday Night Baseball streams.
In addition to bringing ads to other stock apps, Apple has announced that customers will start seeing more ads in the App Store. New ad units in iOS 16 will allow advertisers to place ads on the Today tab in the App Store and at the bottom of product pages for other apps.
Delivered by not-for-profit organisation Menter Mon, with support from the Welsh Government, the pilot programme was a success with growers in Gwynedd and Anglesey.
They developed and supplied fresh microgreens to restaurants, hotels and consumers using sustainable, water-based hydroponic methods. The initiative's second phase will see 13 growing sites across Wales supported by the Hub
which features a four-layer nutrient film technique rack system with a production capacity of 732 plant heads, flood and drain units, a grow room and a controlled environment chamber – over the next year.
Project Manager Luke Tyler thanked the Minister for attending and believes Tech Tyfu will play a significant role in shaping the agri-technology economy nationwide, promoting food tourism, and strengthening supply chains
Jhunjhunwala also called India's Warren Buffett, owned Titan Company stocks worth Rs 11,086.9 crore with a stake of 5.10 per cent or 4,48,50,970 shares in the last quarter.
Giant Bull Rakesh Jhunjhunwala's favourite stock Titan Company played a significant role in making him a crorepati. Jhunjhunwala first bought shares of Titan in 2002-2003 for Rs 30-32. Since then, he had been buying and selling Titan shares.
Jhunjhunwala also called India's Warren Buffett, owned Titan stocks worth Rs 11,086.9 crore with a stake of 5.10 per cent or 4,48,50,970 shares in the last quarter.
Titan Company comprises almost one-third (in value) of its portfolio of 32 stocks. His total portfolio was worth over Rs 31,900 crore for the quarter ended June, according to data from Trendline.
The Titan company stock has zoomed over 82 or 8,139 per cent since Jhunjhunwala bought the store for the first time.
According to a statement, Baltimore-headquartered asset manager T. Rowe Price has hired Tina Siu as director of institutional business for Hong Kong, Taiwan and Macau.
Based in Hong Kong, she reports to the head of institutional business, George Chow, who oversees distribution efforts in the three markets and mainland China.
Siu has 15 years of asset management experience, most recently at Invesco, where she was responsible for developing its institutional and pension business in Hong Kong and Macau.
Previously, she also worked at Syz Asset Management and GAM Group. T. Rowe Price first established its Asia ex-Japan presence by opening its Hong Kong office in 1987. In the region today,
It currently manages separate accounts for institutional clients in mainland China, Hong Kong, Taiwan, South Korea and Southeast Asia, across equities, fixed income, multi-asset and alternative investment strategies. The firm has $1.39 trillion in assets under management as of July 31, 2022.
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