EU to invest $1.4bln in artificial intelligence, cybersecurity and digital skills
"Securing European tech sovereignty starts with investing in advanced technologies and in making it possible for people to improve their digital competences," European Commission digital chief Henna Virkkunen said. ($1 = 0.9281 euros)
(Reporting by Charlotte Van Campenhout; Editing by Kevin Liffey)
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Arabian Post
12 hours ago
- Arabian Post
Stock market information for Dogecoin
Dogecoin is a crypto in the CRYPTO market. The price is 0.164341 USD currently with a change of -0.00 USD from the previous close. The intraday high is 0.167214 USD and the intraday low is 0.161817 USD. Memecoin Resilience: Dogecoin Holds Firm at $0.16 Level Dogecoin bounced off the $0.16 mark after a sharp intraday decline, signalling that bulls are defending this multi‑week floor. Trading volume surged near these levels, indicating accumulation and potential consolidation ahead. ADVERTISEMENT The memecoin dropped around 5 per cent intraday, bottoming at approximately $0.161 before recovering to about $0.163, according to CoinDesk's data. Volume during the bounce doubled the daily average, underscoring robust buyer interest around this critical price band. Market observers note that holding above $0.160 could pave the way for a sustained recovery. Technical analysts suggest Dogecoin may be forming a base around this level. CoinDesk's Shaurya Malwa points out that the token remained in a narrow range between $0.162 and $0.164 after the bounce—a pattern often associated with consolidation and trend reversals. The broader cryptocurrency landscape remains volatile. Macroeconomic pressures—particularly global trade tensions and central bank policy uncertainty—have triggered risk‑off sentiment. That volatility tends to amplify swings in meme‑style tokens like Dogecoin, yet it also creates value opportunities for strategic buyers. On‑chain interest appears healthy. Cryptocurrency analytics platform CoinGecko reports substantial trading activity across centralised exchanges, with 24‑hour turnover exceeding $900 million, although this reflects a slight dip from the previous week's average. Coinbase indicates Dogecoin remains the top memecoin by trading volume, commanding approximately 1 per cent of the total crypto market cap. In European trading on 3 July, Dogecoin climbed close to $0.174 following a defence of the $0.16 region. Analysts caution that this rebound, representing an 11 per cent gain from the low, may end up corrective rather than reflecting a confirmed trend shift. More Crypto Online, a technical analyst, contends the price movement fits an ABC diagonal wave pattern, warning that failure to hold $0.16 could invalidate bullish outlooks. Should the token maintain support, targets around $0.196 appear plausible; yet a break below $0.151 may trigger renewed weakness. Amid this backdrop, speculation builds around a possible Dogecoin‑based ETF. Amendments filed by Bitwise for a spot‑DOGE ETF have increased optimism, with analysts estimating a high probability of SEC approval by the year‑end. A green light could invite fresh institutional capital and broader market legitimacy, although timing expectations remain uncertain. Social media and celebrity influence continue to play a strong role. Elon Musk's intermittent endorsements and jovial online commentary have historically driven surges in trading volume and public interest. At present, Dogecoin remains range‑bound, with the $0.16 level acting as both a psychological and technical barrier. A sustained break above $0.164—coupled with upticks in volume—could signal a reversal toward mid‑$0.18 or even $0.20. Conversely, capitulation below the $0.16 threshold may re‑test June lows and weaken broader memecoin sentiment. Traders await forthcoming macroeconomic signals—US inflation data, central bank communications—and updates on ETF applications, all of which could determine whether Dogecoin's floor holds or fractures.
Web Release
a day ago
- Web Release
Line Investments & Property Concludes UAE's Biggest Summer Shopping Carnival with Exciting Car Giveaways
Line Investments & Property SP LLC, the shopping mall development and management arm of Lulu International Holdings Ltd, has successfully concluded the much-anticipated Summer Shopping Carnival, a dynamic month-long festival that transformed the retail experience across 12 malls in Abu Dhabi, Al Ain, and Al Dhafra. The Summer Shopping Carnival offered visitors 31 days of exclusive promotions, global-themed experiences, cultural activations, live entertainment, and the chance to win exceptional prizes. Shoppers who spent AED 200 or more had the opportunity to enter two types of draws: a digital raffle draw to win brand-new Chevrolet Spark EUV vehicles presented by Bin Hamoodah Auto, and a physical raffle draw to win all-inclusive travel packages from Nex World Travel and Tourism LLC. These exciting prize opportunities added another layer of engagement and anticipation to the festival experience. Throughout the campaign, each participating mall brought unique cultural celebrations to life. Al Wahda Mall, Al Raha Mall, and Mushrif Mall highlighted vibrant European festivals, while Al Foah Mall and Al Falah Central Mall celebrated the rich heritage of the UAE and GCC. Khalidiyah Mall presented an immersive Egyptian theme, and Madinat Zayed Shopping Centre showcased colorful Chinese traditions. Forsan Central Mall and Barrari Outlet Mall brought to life the spirit of Middle Eastern culture, while Mazyad Mall and Al Dhafra Mall offered a captivating blend of Asian and Middle Eastern experiences. Shawamekh Central Mall also participated in the campaign. The initiative underscored the company's commitment to creating immersive experiences that connect communities and celebrate diversity. The highlight of the carnival was the announcement of the winners of the coveted Chevrolet Spark EUVs. Over four weeks of draws, Ahammed Paramban, Ayisha Ali, Sayed Kamaluddin, Mahmoud, and Ahmed Farouk Mohammed Ahmed were among the lucky shoppers whose visits turned into life-changing moments as they won brand-new vehicles. Commenting on the success of the campaign, Wajeb Al Khoury, Director of Line Investments & Property, stated, 'The Summer Shopping Carnival has once again demonstrated our dedication to delivering vibrant, rewarding experiences that bring people together. We are proud to see the excitement and joy this initiative has created, not only for our winners but for all the visitors who joined us to celebrate culture, community, and innovation.' Biju George, General Manager of Line Investments & Property, added, 'The response to the Summer Shopping Carnival has been truly inspiring. Our vision was to create a destination where families could enjoy rewarding experiences beyond traditional retail, and the overwhelming participation shows how much our communities value these shared moments. We look forward to continuing to elevate the shopping journey across all our malls.' Ayman Al Bijawi, Director of Sales & Marketing at Bin Hamoodah Auto said, 'Partnering with Line Investments & Property on this landmark campaign has been a fantastic opportunity to showcase the Chevrolet Spark EUV and connect with customers in meaningful ways. Seeing the excitement on the winners' faces as they received their new vehicles was a powerful reminder of the impact such initiatives can have.' Mohammed Yahya, Chairman of Nex World Travel and Tourism LLC, said: 'This partnership with Line Investments & Property has provided exceptional exposure to thousands of potential customers throughout their extensive mall network. We're thrilled to offer these international travel packages to destinations worldwide, and seeing the excitement of winners heading off to amazing locations has been incredibly rewarding.' The Summer Shopping Carnival reflects Line Investments & Property's vision to redefine the shopping centre experience through experiential retail and strategic collaborations, setting a benchmark for engaging and value-driven campaigns in the region.
Gulf Today
a day ago
- Gulf Today
Stocks, dollar dip as Trump passes spending bill, deal deadline looms
Stocks slipped on Friday as US President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest economy. The dollar also fell against major currencies, with US markets already shut for the holiday-shortened week, as traders considered the impact of Trump's sweeping spending bill that is expected to add an estimated $3.4 trillion to the national debt. The pan-European STOXX 600 index fell 0.5%, with banks, mining-related stocks and retailers among the top laggards. US S&P 500 futures edged down 0.6%, following a 0.8% overnight advance for the cash index to an all-time closing peak. Wall Street was closed on Friday for the Independence Day holiday. Trump said Washington would start sending letters to countries on Friday specifying what tariff rates they would face on exports to the United States, a clear shift from earlier pledges to strike scores of individual deals before a July 9 deadline when tariffs could rise sharply. Investors are "now just waiting for July 9", said Tony Sycamore, an analyst at IG, with the market's lack of optimism for trade deals responsible for some of the equity weakness in export-reliant Asia, particularly Japan and South Korea. At the same time, investors cheered a surprisingly robust US jobs report on Thursday, sending all three of the main US equity indexes climbing in a shortened session. "The US economy is holding together better than most people expected, which suggests to me that markets can easily continue to do better (from here)," Sycamore said. Following Thursday's close, the House narrowly approved Trump's signature, 869-page bill, which averts the near-term prospect of a US government default but adds trillions to the national debt to fuel spending on border security and the military. Trump said he expected "a couple" more trade agreements, after announcing a deal with Vietnam on Wednesday to add to framework agreements with China and Britain as the only successes so far. US Treasury Secretary Scott Bessent said earlier this week that a deal with India was close. However, progress on agreements with Japan and South Korea, once touted by the White House as likely to be among the earliest to be announced, appears to have broken down. The US dollar index had its worst first half since 1973 as Trump's chaotic roll-out of sweeping tariffs heightened concerns about the US economy and the safety of Treasuries, but had rallied 0.4% on Thursday before retracing some of those gains on Friday. As of 1430 GMT it was down 0.1% at 96.94. The euro added 0.2% to $1.1778, while sterling held steady at $1.3662 as British assets steadied following investor fright over the last two days at a tearful appearance by Finance Minister Rachel Reeves in parliament on Wednesday. The US Treasury bond market was closed on Friday for the holiday, but 10-year yields rose 4.7 basis points (bps) to 4.34%, while the 2-year yield jumped 9.3 bps to 3.882%. Gold firmed 0.4% to $3,336 per ounce, on track for a weekly gain as investors again sought refuge in safe-haven assets due to concerns over the U.S.'s fiscal position and tariffs. Brent crude futures fell 57 cents to $68.23 a barrel, while US West Texas Intermediate crude dropped 66 cents to $66.34, as Iran reaffirmed its commitment to nuclear non-proliferation. Copper prices retreated on Friday as focus switched to US President Donald Trump's July 9 deadline when sweeping tariffs take effect on countries that have not yet secured trade agreements. Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,880 a metric tone in official open-outcry trading, having hit a three-month high of $10,020.5 a tone earlier this week. Volumes were subdued due to the July 4 Independence Day holiday in the United States, traders said. Trump said his administration will begin sending letters later on Friday to 10 to 12 countries informing them of the tariff rate their products will face in the US Caution due to several large trading partners, including the European Union, Japan and India, still trying to negotiate a deal with the US had triggered profit-taking on long positions or bets on higher prices, traders said. On the technical front, first support for copper, used in power and construction, comes in at the 21-day moving average around $9,762. Elsewhere, worries about aluminium supplies on the LME created by large holdings of warrants and nearby contracts receded due to slowing outflows and deliveries to the LME-registered warehouses. Aluminium stocks in LME warehouses have climbed 27,025 tonnes to 363,925 tonnes since June 25. Cancelled warrants or metal earmarked for delivery at 2% indicate only small amounts are due to be delivered out. Overall, a softer dollar was providing some support for industrial metals on Friday. But traders said growing prospects of the Federal Reserve holding interest rates steady after Thursday's strong jobs report could boost the US currency and weigh on metals demand. Aluminium was down 0.6% at $2,590.5 a tone in official activity, zinc fell 0.5% to $2,736, lead eased 0.1% to $2,062, tin retreated 0.3% to $33,750 and nickel slipped 0.9% to $15,315. Agencies
