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Chip Troubles scaled-down Tech Giants Amazon and Apple.

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High demand but lack of Computer chips with high labour costs are troubling Tech Giants Amazon and Apple. Read more about Chip issues in detail. Why the problem is growing.

chip issue worldwide

chip issue worldwide

Amazon and Apple:

Both Tech giants declared billions of dollars in quarterly results with profits on Thursday 28th October 2021. Still, the global chip shortage denting the tech giants, which have been taking a pandemic-stoked boom. Tech Giants Amazon and Apple facing issues due to America and China issue.

Apple on Chip issues:

Apple said its signature iPhone and iPad sales are down due to supply constraints. Likewise, Amazon tried to get products and full workers to meet demand. Both companies rose in the pandemic era. People relied on their products and services. But now, ripple effects that have arisen, such as lack of processor chips and fastening labour costs, are casting a shadow.

Amazon takes on Chips Issues:

On Thursday, 28th October, Amazon announced its profit in the newly ended quarter slipped to $3.2 billion. The Pandemic, contracting, and stock shortages drove up costs. The e-commerce giant said its sales rose to $110.8 billion, but its value was about half of its net income from the corresponding quarter last year.

“We’ve always said that when faced with the choice between optimizing for short-term gains versus what’s best for clients over the long term,” said Amazon chief executive Andy Jassy. 

Apple Quarterly results:

On Thursday, 28th October 2021, Apple announced its profit in the newly ended quarter bounced on huge profits that still came short of analysts’ expectations. The iPhone producer said its net income of $20.5 billion came on revenue of $83.4 billion, a life high for its quarter ending in September.

The semiconductor drought:

High demand and US-China trade tension is a troubling factor. Industries are affected due to these two nation problems. Now no one wants to work with China after the Pandemic. 

Not Demand its Supply issue worldwide:

“It’s not a demand issue but a supply issue that remains to be the elephant in the room for Apple and every other tech company going into the holiday season,” Ives wrote in a note to investors. Apple CEO Tim Cook told an earnings call that the chip shortage was one part of the supply problem. At the same time, there were also Covid-related production interruptions in Southeast Asia.”It is affecting pretty much all of our products,” he said. 

Alphabet company quarterly results:

Alphabet declared quarterly revenue of $65.1 billion that exceeded the same period last year by some 41 per cent. In addition, the company online ad engine and cloud services supported yield its $18.9 billion profit.

Google company quarterly results:

Google’s quarterly earnings rise fuelled by the cloud computing market. It made a profit of $20.5 billion as revenue surged 22 per cent.

Twitter revenue quarterly 2021:

Twitter showed a loss in the quarter. fueled by the more than $800 million contract in a lawsuit. In addition, investors claimed they were misled about slowing user growth on the platform.

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Business

EXPO 2020 Indian Pavilion to host function on Republic Day.

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india republic day 2022 indian pavilion expo 2020

Singer Shweta Subram is going to perform in the EXPO 2020 Indian Pavilion. Expo visitors will see the significant function in Indian Pavilion.

indian pavilion expo 2020 dubai

Indian Pavilion EXPO 2020

73rd Republic Day kick started in EXPO 2020 Indian Pavilion. The flag ceremony done in the morning time at EXPO 2020. Diplomats and a few people were present in the morning for the ceremony. Function is organise at 9:30 pm at Indian Pavilion.

Dr. Aman Puri at EXPO 2020:

The consul general of India to Dubai, Dr. Aman Puri, hoisted the Indian tri-color at 7.30 am at Indian Pavilion. They were followed up by reading President Ram Nath Kovind’s message to the nation. 

In 1950 India got their laws after gaining independence in 1947. After 3 years of hard work, India got the most suited constitution, helping the nation run smoothly even after 75years.

India is the world’s biggest Democratic country bringing liberty, justice, and equality to all the people living in the nation. They believe that the world is one policy. Our brothers and sisters help everyone on earth stay with people in hard times. 

Today, India has made its name one of the most tolerant nations in the world. Peace comes first for India. The growth of India in the past few decades is impressive. Many top business tycoons today feel India is the biggest market in technology. 

Special performances by singer Shweta Subram will lighten up Indian Pavilion EXPO 2020. Performances of Shweta and Anupam Nair will start at 9:30pm. 

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Gold prices in Dubai UAE shine brighter, 24k Gold rates at Dh223.80 per gram.

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gold rates dubai 2022 24k

Spot Gold prices in Dubai are hovering around $1846.90 from morning trade. Gold Prices in Dubai UAE are shining even brighter. Today’s 24k Gold rate in Dubai UAE is around Dh224 per gram.

Gold prices in the UAE rise

Gold prices in the UAE rise

Today on 26th Jan 2022, Gold prices in Dubai UAE are stable. The Ukraine issue creates lots of anxiety, and investors are heading towards favorite Gold once again. Today’s Spot gold rates are hovering around $1847 per ounce from morning trade.

Today we show a slight jump in gold prices. In the morning, trade gold rates moved to 0.50 per gram. It carried more than 0.50 Dirham in morning trade from yesterday’s close today. 

 Among the other unique metal variants, 22K opened at Dh210 per gram, 21K at Dh200.5, and 18K at Dh172.0 on Wednesday morning.

Experts believe Gold is stable, and it will do good till US Fed news are positive. Inflation and a few disputes can give rise to interest rates. Many experts believe Gold is growing due to investors feeling safe. Fear of the Fed will aggressively tighten policy, and few conflicts around will push Gold prices. 

North Korea Nuclear tests, Russia and US issues in Ukraine and Iran Nuclear talks will impact a lot to Gold prices in the coming time in 2022.

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Dubai provides full support to financial markets for them to grow faster

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The Dubai Mercantile Exchange

The Dubai Mercantile Exchange was able to gain the trust of major oil producers and solidify its position as the region’s most reliable source of oil pricing.

Sheikh Maktoum Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance. Stated that the Dubai government provided all necessary support for the growth of the Emirate’s financial markets by developing legislative framework. And infrastructure to allow exchanges to consolidate their presence regionally and globally.

During the meeting, Dubai provides full support he praised Dubai Mercantile Exchange (DME) for its achievements in the previous stage. Noting that the successful Exchange strategy contributed to the growth of trading volume and enhanced. Its ability to honor the steady growth of crude oil trading in the Middle East and Asia regions.

Sheikh Maktoum discussed with the DME board of directors the latest developments in the sector on the regional and international level. Particularly during the rapid changes experienced by the energy market and the significant growth opportunities that it offers.

Dubai provides full support to financial markets

Dubai provides full support to financial markets

He also reviewed DME’s qualitative achievements over the last period, noting that the number of companies using the exchange platform for physical delivery had reached 60. And the number of barrels of oil delivered through the DME mechanism had reached 2.5 billion barrels. In addition, according to the Oman Crude Oil Futures Contract, a total of 17 billion barrels were traded.

While 5.2 million barrels of oil are priced every day.

DME’s flagship contract is the Oman Crude Oil Futures Contract (DME Oman). Which provides the region’s most fair and transparent crude oil benchmark. Since 2018, DME Oman has been the clear and sole benchmark for approximately 170 million barrels of crude oil per month.

Since 2018, DME Oman has priced more than 170 million barrels of crude oil per month. Compared to around 30 million barrels per month before the switch by Saudi Arabia, Kuwait, and Bahrain. Because of the high quality of Oman Blend, which represents the majority of GCC crude oil grades. The contract is regard as the most reliable crude oil futures price benchmark.

DME is the Middle East’s first international energy futures and commodities exchanges operator. The US CFTC regulates the company as a recognized body by the DFSA, thus addressing the growing market want for price discovery of sour crude oil.

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